Here is a list of the richest countries Luxembourg (GDP per capita: $119,719) Norway (GDP per capita: $86,362) Switzerland (GDP per capita: $83,832) Ireland (GDP per capita: $81,477) Iceland (GDP per capita: $78,181) Qatar (GDP per capita: $65,062) The United States of America (GDP per capita: $64,906) Denmark (GDP per capita: $63,434) Singapore (GDP per capita: $62,690) Australia (GDP per capita: $58,824) so I know the USA is the richest country but this is the richest countries by GDP.
Real GDP is Gross Domestic Product (A measure of the value of all things produced as marketable goods and services in a country in a given amount of time, normally a year) adjusted for indepent factors, such as inflation, that alter GDP. When economists compare GDP between years, they may look at real GDP to take a very accurate meausre of growth. GDP per capita (not GDP percapital, as there is no such thing) is a measure of the average individual's input to the GDP. For example, Venezuela, a country of 29,000,000 in population, had a GDP of approxamately 382 billion USD. Its GDP per capita was therefore 13,200 USD, which means that the average resident of Venezuela contributed 13,200 USD to the GDP of Venezuela. The formula for GDP per capita is (GDP per capita)=(GDP)/(Population)
The per capita GDP of Haiti is $1,317.
Pakistan's GDP per capita is US$ 1,201.
In 2004, the GDP per capita in England was 26904 Euros
Classifications are somewhat subjective. However, GDP per capita is often one of the metrics considered. In 2009, Venezuela had a GDP per capita of $11,490 USD, whereas the United States had a GDP/capita of $45,989 USD. Another factor is industrialization. Economies which are largely production-driven (manufacturing, mining, agriculture) are considered less industrialized, while service-driven economies are more developed.
if GDP grows faster than the population of a country, the per capita GDP will rise
Usually the more oil wealth per capita the higher the GDP per capita is.
In 2004, the GDP per capita in England was 26904 Euros
Yes it is good to have a high GDP per capita.
The per capita GDP of Kenya was 1800 dollars in 2013.
Singapore has the highest GDP per capita in Asia