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2 days ago · Despite being one of the smallest countries in the European Union, Luxembourg stands out as the wealthiest nation in the world. Its remarkable economic success is reflected in the GDP per capita, which currently stands at nearly 130,000 dollars, according to the International Monetary Fund's latest data, which covers some 190 countries.
The GDP per capita is calculated by dividing the country's total GDP by the population size, with the result being the GDP value per capita within a country. Luxembourg's GDP per capita for the year 2021 reached $131,745 USD according to the United Nations and $133,590 per World Bank calculations, good for third-highest in the world (behind ...
CountryGdp (imf '23)Gdp (un '22)Per Capita (un '21)$26.95 Tn$25.74 Tn$75,316$17.70 Tn$17.96 Tn$12,604$4.43 Tn$4.08 Tn$48,971$4.23 Tn$4.23 Tn$34,511Mar 29, 2023 · Luxembourg’s per capita GDP is nearly 415 times the per capita GDP of the world’s poorest country, Burundi, at $303. Ireland is the second-richest country in the world on a GDP per capita basis with $107,000, followed by Switzerland at nearly $94,000. Ireland’s GDP per capita, in particular, has seen a significant increase in recent years ...
The income tax payable in Luxembourg on all income is comparatively high compared to other OECD countries. A married couple with 2 children and normal average income pays on average 14.4% income tax. The total tax burden including social security contributions but excluding employer contributions is 20.2%. The top tax rate is 45.8 percent.
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6 days ago · The Richest Country In 2024: Luxembourg is currently the richest country in the world based on its GDP per capita (PPP) of $143,742, in international dollars, according to the 2024 IMF report. Ireland, Singapore, and Qatar trail behind at $133,895, $133,737, and $112,282, respectively.
- Cory Price
Aug 7, 2022 · By Cecilia Rodriguez. Here, for example, are the 10 richest countries in the world based on the International Monetary Fund ’s data: United States ($18.6 trillion) China ($11.2 trillion) Japan ...
GDP per Capita: $52,950. San Marino, one of the world’s smallest and oldest republics, boasts a high GDP per capita, making it the 12th richest country in Europe. Nestled within Italy, this microstate’s economy is largely sustained by tourism, thanks to its historic architecture and medieval charm, attracting numerous visitors each year.
