How does GDP per capita vary between countries?

How does GDP per capita vary between countries?

GDP per capita varies significantly across countries, reflecting their economic performance. For instance, countries like Luxembourg and Switzerland have high GDP per capita, while others like Burundi and Malawi have much lower figures. Would you like to see specific comparisons?

Yes, can you compare the GDP per capita of the USA and China?

As of the latest data, the GDP per capita in the USA is approximately $70,000, while in China, it's around $10,000. This shows a substantial difference in economic output per person.

What factors contribute to these differences?

Several factors contribute to these differences, including industrialization levels, population size, education, and government policies. The USA has a more developed economy with higher productivity.

Can you provide a list of countries with the highest GDP per capita?

Sure! The countries with the highest GDP per capita typically include Luxembourg, Switzerland, Norway, and Ireland. Would you like more details on any specific country?