Looking at the list of countries with the highest GDP per capita, it’s easy to see that there is a lot of economic disparity worldwide. For example, Luxembourg’s top government has a GDP per capita of more than 33 times higher than the bottom country, Burundi.
The United States comes in at 4th on the list with a GDP per capita of over $62,000. This is partly due to the country’s large size and wealth of resources.
However, other countries, such as Norway and Switzerland, have much smaller populations but still manage to have high GDPs per capita due to their strong economies. It’s important to note that GDP per capita is not always an accurate indicator of a country’s standard of living.
Countries With The Highest GDP Per Capita 2019
Qatar is a small country on the Arabian Peninsula with a high GDP per capita. In 2019, it had the third-highest GDP per capita, behind only Luxembourg and Singapore. Qatar’s wealth comes from its natural resources, including oil and gas. The country has used its wealth to build a robust infrastructure and provide its citizens with a high quality of life. Qatar is also home to some of the world’s wealthiest people, including the Emir of Qatar.
Ireland is a country located in the north-western part of Europe. The country has about 4.8 million people and a GDP per capita of $66,600. Ireland is known for its high-quality education system and its strong economy. The country’s exports include pharmaceuticals, medical devices, and software. Some of the country’s major imports include aircraft, vehicles, and machinery.
Norway has the highest GDP per capita in the world, according to the 2019 World Bank report. The country has a GDP of $99,746.00 and a population of 5,323,668. This high GDP is due in part to Norway’s vast oil reserves. The government is also known for its progressive social policies and a strong economy. Other countries in the top five include Luxembourg, Singapore, Ireland, and Austria.
Macau is a particular administrative region of the People’s Republic of China. Macau is one of the countries with the highest GDP per capita in 2019. The region’s economy is based on gambling, tourism, and shipping. Macau’s GDP per capita was $109,600 in 2019. This is higher than any other country in the world.
Switzerland has a GDP per capita of $84,000, making it the country with the third-highest GDP per capita in the world. Despite its small size, Switzerland is a prosperous and industrialized country. Its economy is based on services, manufacturing, and tourism. Switzerland’s most famous companies include Swiss International Air Lines, Roche, Nestle, and Credit Suisse.
Iceland is a tiny country with a population of just over 330,000 people. However, it has a very high GDP per capita of $67,900. This is due in part to its thriving economy and robust exports. Iceland is a major producer of aluminum and hydroelectricity, and its fisheries are also globally significant. Tourism is also a key industry in Iceland, with visitors drawn to the country’s stunning natural scenery and wealth of outdoor activities. Despite its small size, Iceland is one of the most prosperous countries globally.
Bermuda is an island country located in the North Atlantic Ocean. The country has approximately 65,000 people and a GDP of $9.8 billion. Bermuda’s GDP per capita is the highest globally at $152,000. The country’s primary industries are tourism and financial services. Bermuda is a British Overseas Territory, and its currency is the Bermudian Dollar.
Luxembourg is a country located in Western Europe. It has a population of 576,249 and a total area of 2,586 km². The country’s GDP per capita is $109,600, making it the country with the highest GDP per capita in the world. Luxembourg’s economy is based on banking, steel production, and other industrial sectors. The country also has a strong tourism industry.
Liechtenstein is a country located in Central Europe. It has approximately 37,000 people and a GDP of $5.9 billion. Liechtenstein has a GDP per capita of $157,000, making it the country with the highest GDP per capita in the world. The main sources of revenue for Liechtenstein are tourism and financial services.
Monaco is the country with the highest GDP per capita. With a GDP of $174,821 per capita, Monaco is far ahead of other countries in terms of wealth. Other countries with high GDPs include Luxembourg ($106,957), Singapore ($91,567), and Ireland ($70,732). These countries all have a GDP per capita that is more than double the world average of $32,195.
What sets Monaco apart from other high-income countries is its small size. The principality is only 2.02 square miles in size, making it one of the smallest countries in the world. Yet, despite its small size, Monaco has over 38,000 people and is home to some of the wealthiest citizens in the world. The high GDP per capita in Monaco can be attributed to several factors.