Abstract
Luxembourg’s high GDP per capita (PPP) of $143K in 2023 reflects its status as a global financial hub with a small but affluent population. Over the past decades, Luxembourg has maintained a strong economy driven by finance, investment funds, and a favorable tax regime. This wealth is supported by significant foreign investment and multinational corporations. Historically, smaller nations with robust financial sectors, like Switzerland and Qatar, have similarly enjoyed high GDP per capita, emphasizing the role of specialized economies in driving national wealth despite small populations.
GDP per capita (purchasing power parity, US dollars)
Qatar’s peak GDP per capita (PPP) of $164K in 2012 reflects its oil and gas wealth, driven by vast hydrocarbon reserves. However, since then, its GDP per capita has declined to 74.1% of that peak, currently around $121K. This decline can be attributed to fluctuating oil prices, global economic shifts, and diversification efforts. Despite this, Qatar remains one of the wealthiest nations, with a focus on infrastructure, tourism, and investment. Historically, countries reliant on natural resources have seen volatile growth, highlighting the importance of diversifying economies for long-term stability.
The maximum is 150%[2021] of Libya, and the current value is about -1.83%
GDP per capita (purchasing power parity, US dollars) (nations around the world)
Qatar’s peak GDP per capita (PPP) of $164K in 2012 reflects its oil and gas wealth, positioning it as one of the world’s richest nations. However, as of 2023, it has fallen to 74.1% of that peak, around $121K. This decline can be linked to fluctuating global oil prices, slower growth in oil revenues, and efforts to diversify the economy. Despite this, Qatar remains highly prosperous, emphasizing investments in infrastructure, tourism, and finance. Its economic trajectory underscores the challenges resource-dependent nations face in maintaining growth after peak commodity prices.
The maximum is 150%[2021] of Libya, and the current value is about -1.83%
GDP per capita (purchasing power parity, US dollars) (nations around the world, latest year)
In 2023, Luxembourg leads global GDP per capita (PPP) at $143K, a reflection of its financial sector dominance and small, affluent population. With an average global GDP per capita of $28.6K, the disparity highlights the stark wealth differences between nations. Luxembourg’s economy thrives on banking, investment funds, and a favorable tax environment, supported by foreign capital. Meanwhile, the global total GDP per capita stands at $5.09 million, emphasizing a growing divide between high-income economies and the broader global economy. This trend underscores the importance of financial services and strategic economic policies in driving wealth.
The maximum is 78.2% of Macao, the average is 2.14%, and the total is 368%
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