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Still, the American GDP per capita is by far the highest in large countries with more than 20 million people. Countries with a higher value either have a small
by mFixman 9y ago
Still, the American GDP per capita is by far the highest in large countries with more than 20 million people. Countries with a higher value either have a small and easily manageable population, like Norway, an extremely large number of non-citizens as workforce, like Qatar, or a population so small that it's possible to create a generous welfare state from funds by tax evaders, like San Marino.
The two closest countries to America in this category are Australia and Germany, and a trip through Berlin or Melbourne won't make you particularly excited for the countries' infrastructure.
- kuschku 9y agoBerlin is the worst example, though – if you’d remove Berlin from Germany, the GDP per capita would actually increase.
- lhopki01 9y agoNorway is because of oil and gas not small population. Qatar again. The US is an extremely natural resource rich country as is Australia which explains a lot of the difference in GDP per capita. Germany is quite a bit behind the US in GPD per capita, much closer to the UK and France than the US. One thing to remember though is that the way GDP is calculated means that selling the same service for a higher price leads to more GDP so it's a very imperfect measure.