Some AdSense publishers subscribe to the notion that by preventing lower-paying AdSense ads from being displayed, overall AdSense ad revenue increases. Despite Google's claim to the contrary, I am one of those who buy into this notion.
Besides removing AdSense from pages with a history of low AdSense CPM, I also prevent AdSense from being displayed to visitors from certain countries which have a history of producing low AdSense CPM. I try to adjust my filter at least once a year. This time I thought others might find my numbers useful.
The following list is a list of countries and the CPM that they have produced on my U.S. based website as a percentage of the CPM from U.S. based visitors. (CPM from U.S. based visitors = 100%)
These numbers are taken from a one month sampling using Google Analytics for an English language site based in the U.S. with about 100,000 pages covering a range of over 500 widely varied topics of user generated content. The site receives about 3 million unique visitors per month. Of course, this may or may not apply to your website depending on numerous factors, but I think it gives some pretty good insight into where the money is.
Country / % to U.S. CPM
Switzerland: 138%
United States: 100%
United Kingdom: 67%
Canada: 62%
Australia: 59%
Ireland: 48%
Sweden: 48%
Belgium: 46%
Lebanon: 42%
South Africa: 40%
Spain: 38%
Norway: 35%
Qatar: 34%
Denmark: 33%
Brazil: 29%
Russia: 28%
New Zealand: 28%
France: 27%
Saudi Arabia: 27%
Austria: 26%
Hong Kong: 26%
Bulgaria: 26%
Greece: 25%
United Arab Emirates: 23%
Singapore: 21%
Kenya: 21%
Netherlands: 20%
Colombia: 19%
Italy: 18%
Hungary: 18%
Puerto Rico: 18%
Iran: 17%
Bangladesh: 16%
Serbia: 16%
Turkey: 15%
China: 14%
Germany: 14%
Pakistan: 14%
Israel: 13%
Japan: 13%
Finland: 13%
Nigeria: 13%
India: 12%
Ghana: 12%
Jamaica: 12%
Vietnam: 11%
Malaysia: 11%
Mexico: 11%
Croatia: 11%
South Korea: 11%
Ukraine: 11%
Trinidad and Tobago: 10%
Indonesia: 10%
Poland: 9%
Argentina: 9%
Czech Republic: 8%
Romania: 7%
Kuwait: 7%
Philippines: 6%
Thailand: 5%
Portugal: 5%
Sri Lanka: 4%
Egypt: 4%
This list represents the top 63 referring countries to my website.
I hope you find this information useful.