Per Capita GDP
Among major countries, the United States leads the world in one measure of national wealth, per capita GDP (gross domestic product). This measure is a crude one, since it simply divides the size of the economy by the size of the population; by no means should one infer from this measure that every man, woman, and child collects this amount each year from the government. However, it is a crude way of adjusting the size of a country's economy for the size of its population, since larger countries will - all things being equal - have larger economies. By this measure, the United States was most recently #1 in the world.
The per capita GDP also gives an upper limit to the average income a citizen of a country could enjoy. In a utopian world in which 100% of the GDP were somehow distributed equally to all citizens, for example, China could not have an average income of more than about $3,600 a year unless it grows its economy.
Per Capita GDP, Real (Inflation-Adjusted), 1998: |
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United States |
32,413 |
++++++++++++++++ |
Norway |
27,581 |
+++++++++++++ |
Denmark |
26,176 |
+++++++++++++ |
Switzerland |
25,590 |
++++++++++++ |
Canada |
25,496 |
++++++++++++ |
Belgium |
24,239 |
++++++++++++ |
Japan |
24,170 |
++++++++++++ |
Netherlands |
24,008 |
++++++++++++ |
Austria |
23,930 |
+++++++++++ |
Germany |
22,856 |
+++++++++++ |
France |
22,255 |
+++++++++++ |
Italy |
22,234 |
+++++++++++ |
U.K. |
21,502 |
++++++++++ |
Sweden |
21,218 |
++++++++++ |
Korea |
14,574 |
+++++++ |
... |
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China |
3,600 |
+ |
… |
||
North Korea |
1,000 |
+ |
… |
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Afghanistan |
800 |
. |
- source: Bureau of Labor Statistics |
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- Switzerland data extrapolated from more recent data |
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- China & North Korea & Afghanistan data from http://www.odci.gov/cia/publications/factbook/geos/ch.html#Econ and are as of 2000, not adjusted for inflation (so are artificially high in this table) |