Understanding the Difference: GDP vs. GDP per Capita GDP measures the total economic output of a country or region, while GDP per capita divides that output by the population, indicating the average economic output per person. When the population factor is considered, lesser-known countries or te...
Revenues from oil, natural gas, and energy drive the Russian economy. Foreign trade is important as the total value of imports and exports is equal to 46.7% of GDP, making Russia one of the top countries by GDP. However, with the recent conflicts with Ukraine, we will likely see a negat...
GDP per capita is calculated by dividing GDP by midyear population. GDP is the total market value of all final goods and services produced in a country in a given year. In the Nominal method, market exchange rates are used for conversion. With above 126k USD, Luxembourg has the highest ...
Definition: GDP per capita is gross domestic product divided by midyear population. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions...
50 richest countries in the world by GDP per capita Share: List of countries by GDP: overview Every year, the IMF and the World Bank calculate the gross domestic product, or GDP, of all countries in the world. Based on this indicator, a rating of the richest countries is formed. The ...
Date 05 Jan 2024Top Statistics IPL 2024 List of continents by gdp per capita Top 10 largest economies by GDP See Also: » World GDP Ranking » Countries by GDP (PPP) » Countries by GDP Growth » Countries by projected GDP » Countries by GDP (nominal) per capita View ...
GDP: $640 billion3 Population: 46.65 million16 GDP per Capita: $13,73017 HDI: 0.84914Argentina is a developing country.6 Argentina boasts a large and diversified economy. The country's services sector accounts for the largest portion of its GDP, followed by industry and agriculture. Its major...
The Top 10 Richest Countries in the World by GDP per Capita are: Luxembourg –$128,820 Ireland –$106,998 Switzerland –$94,835 Qatar –$89,417 Norway –$88,749 Singapore –$84,501 United States –$78,422 Iceland –$77,961 Australia –$68,024 Denmark –$66,394 Is Switzerland the ...
The World’s 25 Richest Countries by GDP per Capita March 29, 2023 ByPallavi Rao The Briefing The world GDP per capita continues to grow every year, and is projected to be$13,920for 2023 Luxembourgis the richest country with a GDP per capita of$128,820 ...
GDP per capitais a measure of the total economic output of a country (GDP) divided by the total population of the country. Here is the full ranking of the richest countries in 2023, according to their per capita GDP. Luxembourg, one of thesmallest countriesin the EU has a population of ...