LIFE

Countries With The Highest GDP Per Capita 2019

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There are many things the determine countries GDP including trading with other nations and the standard of living, Education. Gross domestic product (GDP) is a strong indicator of a country’s economic performance and strength.

It is measured by the added value of all final goods and services produced in a country during a specific time period or by adding every person’s income during that time period. Gross domestic product per capita is sometimes used to describe the standard of living of a population, with a higher GDP meaning a higher standard of living.

 

Countries With The Highest GDP Per Capita 2019

 

10. Qatar

Qatar

Qatar

The GDP per Capita in Qatar is equivalent to 520 percent of the world’s average. GDP per capita in Qatar averaged $65,959.06 USD from 2000 until 2017, reaching an all-time high of $72,671 USD in 2011 and a record low of $60,460.40 USD in 2003.

Currently: $70,668

 

9. Ireland

Ireland

Ireland

The GDP per Capita in Ireland is equivalent to 589 percent of the world’s average. GDP per capita in Ireland averaged $32,896.49 USD from 1970 until 2017, reaching an all-time high of $74,433.46 USD in 2017 and a record low of $12,430.71 USD in 1970.

Currently: $84,426

 

8. Norway

Bergen, Norway

Bergen, Norway

The GDP per Capita in Norway is equivalent to 722 percent of the world’s average. GDP per capita in Norway averaged $60,198.12 USD from 1960 until 2017, reaching an all-time high of $91,617.28 USD in 2007 and a record low of $23,183.56 USD in 1960.

Currently: $85,204

 

7. Macau

Macau

Macau

The GDP per Capita in Macau is equivalent to 443 percent of the world’s average. GDP per capita in Macau averaged $33,271.08 USD from 1982 until 2017, reaching an all-time high of $72,183.50 USD in 2013 and a record low of $16,449 USD in 1982.

Currently: $89,665

 

6. Switzerland

Zurich Switzerland

Zurich Switzerland

The GDP per Capita in Switzerland is equivalent to 607 percent of the world’s average. GDP per capita in Switzerland averaged $66,265.13 USD from 1980 until 2017, reaching an all-time high of $76,682.64 USD in 2016 and a record low of $54,420.97 USD in 1982.

Currently: $89,665

 

5. Iceland

iceland

Iceland

The GDP per Capita in Iceland is equivalent to 395 percent of the world’s average. GDP per capita in Iceland averaged $29,764.16 USD from 1960 until 2017, reaching an all-time high of $49,910.01 USD in 2017 and a record low of $11,465.03 USD in 1961.

Currently: $92,922

 

4. Bermuda

Bermuda

Bermuda

The GDP per Capita in Bermuda is equivalent to 110 percent of the world’s average. GDP per capita in Iceland averaged $56,254.40 USD from 1960 until 2017, reaching an all-time high of $49,910.01 USD in 2017 and a record low of $1,902.40 USD in 1960.

Currently: $100,724

 

3. Luxembourg

Luxembourg

Luxembourg

The GDP per Capita in Luxembourg is equivalent to 854 percent of the world’s average. GDP per capita in Luxembourg averaged 65468.03 USD from 1960 until 2017, reaching an all-time high of 111968.35 USD in 2007 and a record low of 27085.59 USD in 1960.

Currently: $129,710

 

2. Liechtenstein

Liechtenstein

Liechtenstein

The Gross Domestic Product per capita in Liechtenstein was last recorded at $141,165.08 US dollars in 2010. The GDP per Capita in Liechtenstein is equivalent to 1118 percent of the world’s average.

Currently: $161,277

 

1. Monaco

Monaco

Monaco

The Gross Domestic Product per capita in Monaco was last recorded at 144246.37 US dollars in 2010. The GDP per Capita in Monaco is equivalent to 1142 percent of the world’s average.

Currently: $165,414

 

 

Source: Trading Economics | World Population Review

Emily Wilson

Emily Wilson is 3rd-year University student at Brigham Young University and  Financial Writer for University Magazine.

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