GDP per Capita

## GDP per Capita

GDP per capita divides a country's total economic output by its population, providing a rough measure of average prosperity.

### Top Countries (2024, Nominal)

| Country | GDP per Capita |
|---------|---------------|
| Luxembourg | ~$135,000 |
| Ireland | ~$106,000 |
| Switzerland | ~$100,000 |
| Norway | ~$94,000 |
| US | ~$85,000 |
| Singapore | ~$83,000 |

### GDP per Capita (PPP)

PPP-adjusted GDP per capita accounts for price differences. This changes the ranking significantly: Singapore, Luxembourg, and Ireland lead, while oil-rich Gulf states rank higher than nominal figures suggest.

### Limitations

GDP per capita does not capture income distribution (Gini coefficient is better for that), quality of life, environmental sustainability, or informal economic activity. A country with high GDP per capita but extreme inequality may have most citizens earning well below the average.