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Top 10 Richest Island Countries

Among the countries that are located entirely on islands, which ones have the highest GDP per capita?
On islands = not on a continent. Islands can be shared by multiple countries
Includes countries that have small overseas territories on continents
2019 figures. Read about data and methodology: here
Last updated: May 06, 2019
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GDP per capita
Country
$100,000
Singapore
$83,900
Brunei
$84,400
Ireland
$59,200
Iceland
$55,000
Taiwan
$54,600
Australia
GDP per capita
Country
$52,600
Malta
$46,900
Bahrain
$46,700
United Kingdom
$45,300
Japan
$45,100
New Zealand
+13
level ∞
Feb 16, 2019
Ireland's high GDP is a little misleading. Apparently, a lot of big companies use Ireland as a tax shelter. This means that revenue is booked in Ireland, but doesn't actually filter through to the Irish economy. Google's tax avoidance arrangement is known as a "Double Irish With A Dutch Sandwich".
+1
level 56
Feb 16, 2019
That must be true with Ireland. Had a talk about this with an Irishman a few months ago (in Helsinki) and he strongly supported the same view.
+4
level 73
Feb 16, 2019
Yes, it's one of big topics of EU how to tax them properly, while the US cares a bit less, here's an amazing explanation:
U.S. congressional investigations into the tax practices of U.S. multinationals were aware of such BEPS tools for many years. However, the U.S. did not try to force the closure of the Double Irish BEPS tool [EU did] /.../ This approach by successive U.S. administrations is explained by an early insight that "low foreign tax rates [from tax havens] ultimately enhance U.S. tax collections"

Follow the links in Wikipedia article to find out more.
+2
level ∞
Feb 17, 2019
I'm a little skeptical. It's not like Google and Amazon are paying massive U.S. taxes either. But I can see how it's possible based on the information in the Wikipedia article.
+1
level 66
Feb 16, 2019
There is a typo instead of "methodology" in the explanatory text under the quiz title.
+1
level ∞
Feb 17, 2019
Fixed
+3
level 39
Feb 16, 2019
I can't believe I forgot my country of birth. Dishonor on my cow...
+1
level 76
Feb 17, 2019
+2
level 35
Feb 17, 2019
Brunei is not an Island Country---It is not the majority piece of land on an isolated mass.
+7
level ∞
Feb 18, 2019
The description and caveats are written in a way to indicate what we mean by island countries.
+4
level 61
Mar 24, 2019
Who doesn't love technically true caveats and methodology? I think that's why we all come here. The world needs far more legalese in its mental diversions.
+1
level ∞
May 6, 2019
Brunei is an island country, small print or no. The point of the small print is to discourage whining. It obviously doesn't eliminate it entirely, haha.
+7
level 60
Feb 18, 2019
Actually, we are all island countries because america, eurasia and africa are giant islands.
+6
level 72
Feb 20, 2019
Nah, Afro-Eurasia is not an island - the oceans are just 1 big lake
+1
level 36
Mar 24, 2019
Why do some sources put Brunei at a GDP per capita at around $28,000 and others put it as one of the richest countries? Do they use different methods?
+1
level 75
Mar 24, 2019
GDP per capita is 28-30k USD. If you adjust for PPP it's 70 or 80k. One of the most absurd cases of PPP being a poor way to measure GDP that I've seen... though for SE Asia's standards Brunei is definitely doing alright. $28k is a lot there. They're a tiny country with a lot of oil.
+1
level 76
Mar 26, 2019
kalbahamut, I made this quiz based on your comment: Richest Island Countries (PPP and Nominal).
+1
level 76
Mar 26, 2019
You might be interested in Countries Outside Europe with Highest GDP Per Capita. I use both PPP and nominal figures.
+1
level 56
Mar 24, 2019
Great Quiz! Take a look at this one, too: "15 Richest Island Nation Economies"
+1
level 76
Mar 24, 2019
+1
level 34
Mar 25, 2019
only missed Malta
+1
level 56
Mar 25, 2019
I am very surprised to see how low the GDP per capital of the UK, NZ, and Japan is.
+1
level 60
Apr 21, 2019
I bet that it’s pretty high per capital for each of those countries. Only South Africa and Bolivia would take a massive hit from looking at it as per capital.