PPP-based GDP per capita (map 1.1) and PPP-based household consumption per capita are sometimes considered indicators of the material well-being of individuals and households within an economy.
Luxembourg, with its high GDP per capita and strong financial sector, is the richest country in the world. The nation is known for using its wealth to ensure better living standards, healthcare ...
The poorest US state's Gross Domestic Product (GDP) per capita is higher than that of Europe's top five economies, except for Germany. However, Mississippi competes closely with Germany ...
Therefore, divide the GDP by the total number of people in the country to get GDP per capita. Now, here's where it gets interesting. Sometimes, the GDP per capita only tells us part of the story.