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Luxembourg is the second richest country in the world with an average GDP per capita of $79,593,91. The high figure is partly due to the large number of people working in the tiny landlocked nation while living in surrounding France, Germany and Belgium.
15 of the 30 richest countries in the world are in Europe, while big some big economies such as the US, Japan, and Canada also made the cut. The GDP per capita listed represents the amount of wealth produced in 2016 and is expressed in international dollars.
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Sep 2, 2013 · First, there are serious conceptual and practical challenges in making cross-country price comparisons, especially between the richest and poorest countries (Deaton and Heston 2010). Moreover, statistical agencies often revise GDP figures and these revisions can be by more than 50% in some developing countries (Jerven 2013). Figure 1.
Jul 18, 2019 · It might be the EU’s smallest state, with a population of 600,000, but Luxembourg is wealthy. It has one of the highest GDP per capita in the world, far exceeding the other member states of the EU and almost triple the EU average.
In the past year, global wealth grew by $9.1 trillion to $360.6 trillion – a rate of 2.6% – with the US, China and Europe contributing the most. Wealth growth exceeded population growth, so average wealth per adult rose to $70,850 – an all-time high.
Feb 26, 2021 · Economic growth in today’s rich countries over the last two hundred years is the reason that people in those countries are much less poor than people in the same places in the past or people in poor countries today.
Jan 8, 2020 · In 37 countries, the top 20% of the richest households would gain more from liberalisation than the bottom 20%. Examples include Benin and Uzbekistan, where rich households gain more than poor, as shown in Figure 1, which depicts average income gains against log per capita expenditure in the status quo.
