Abstract
GDP per capita in the global economy is an important indicator of countries’ economic strength and standard of living. Data for 2023 shows that Luxembourg recorded the highest value at US$128,000, standing out as an example of a high-income country. On the other hand, the difference in GDP per capita is significant and reflects the degree of economic development. High GDP per capita is common in developed countries, which is the result of technological innovation, capital investment, and improved education. On the other hand, in developing countries, economic structure and resource management are challenges, and GDP per capita is often low. In order to achieve economic growth and reduce income disparities, achieving the Sustainable Development Goals (SDGs) and international cooperation are essential.
GDP per capita (US$)
GDP per capita is an important indicator of economic growth and development, and its changes can be observed through data from 1960 to 2023. The extreme increases in GDP per capita seen in high-income countries such as Monaco are due to the country’s particular economic structure and geography. On the other hand, developing countries are experiencing high growth rates in GDP per capita, and are making progress in modernizing their economies and diversifying their industries. Mature economies tend to have slower GDP per capita growth rates, but they aim to achieve sustainable growth through technological innovation and efficiency improvements. Furthermore, growth rates may temporarily decline due to factors such as global economic crises and natural disasters. Going forward, it will be important to achieve both economic growth and sustainable development while addressing issues such as environmental problems and eliminating social inequality.
The maximum is the latest one, 241kUSD of Monaco
GDP per capita (US$) (nations around the world)
Global GDP per capita has shown significant changes between 1960 and 2023. In particular, in developed countries, per capita GDP has increased rapidly due to technological innovation and globalization since the Industrial Revolution. During this period, economic growth and capital accumulation were the main drivers, especially in the United States and Western European countries. On the other hand, growth has been uneven in the developing world, with some countries achieving faster economic growth while others faced economic challenges. Economic crises and political instability have also affected GDP per capita. High-income countries like Monaco maintain extremely high GDP per capita due to small regional economic activities and unusual economic policies, but these countries only account for a small fraction of the world’s total GDP per capita. In the future, efforts will be required to reduce overall economic disparities in order to achieve sustainable growth and balanced economic development.
The maximum is the latest one, 241kUSD of Monaco
GDP per capita (US$) (nations around the world, latest year)
The world’s GDP per capita is an important indicator for comparing countries’ economic strength and living standards. According to 2023 data, Luxembourg has the highest rate at US$128,000, with an average GDP per capita of US$17,100. This difference is particularly pronounced between developed and developing countries, where high GDP per capita is typical. Factors contributing to economic development include technological innovation, capital investment, and improved education. On the other hand, developing countries often face structural economic challenges and resource management issues, resulting in low GDP per capita. Total GDP per capita worldwide is approximately US$3.1 trillion, reflecting the total amount of economic activity. International economic cooperation and the achievement of the Sustainable Development Goals (SDGs) are said to hold the key to future growth.
The maximum is 128kUSD of Luxembourg, the average is 17.2kUSD, and the total is 3.1MUSD
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