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 ...
Taiwan had a strong and growing economy, among the countries by GDP per capita. Economic growth had been consistent, driven by its export-oriented manufacturing sector. Taiwan is known for its advanced manufacturing industries, particularly in the electronics sector. The country is a major global ...
Luxembourg, whose financial sector makes up 25% of its GDP, is the world’s richest country by GDP per capita. With a population of just 660,000, the country is also considered a tax haven, incentivizing foreign investment due to its favorable tax policies. Due to the small nation’s con...
Luxembourg’s per capita GDP is nearly415 timesthe per capita GDP of the world’s poorest country,Burundi, at $303. Irelandis the second-richest country in the world on a GDP per capita basis with $107,000, followed bySwitzerlandat nearly $94,000. Ireland’s GDP per capita, in particul...
A European country like Portugal may not be the wealthiest country in the world by net worth or have a GDP per capita as high as the US. Still, Portugal is considered one of the best countries to move to from the US as it consistently ranks highly in SPI indicators such as personal sa...
To make our list of the world’s richest countries by GDP per capita, we useddatafrom the International Monetary Front (IMF) that lists down global GDP per capita by country. Purchasing Power Parity (PPP) figures are used, and as a simple definition, these are computed by removing price ...
Sharia law is the main source of Qatari legislation according to Qatar’s Constitution. Qatar is the world’s richest country per capita, with a high income, developed economy backed by the world’s third largest natural gas reserves and oil reserves in excess of 25 billion barrels. Qatar is...
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The Scandinavian nation with over 5 million residents sits just outside of the top five richest countries in the world per capita. According to the IMF, the country was negatively affected by the the lower oil price over the last couple of years. Norway also saw its growth fall to its low...
Top 50 Richest Countries by GDP per Capita byD.A. Workman Cash (Pixabay) Calculated based on the top 100 wealthiest countries in terms of Gross Domestic Product (GDP) per capita, the average GDP per capita for that cohort of 100 competing economies was US$46,656 per country as of October...