In this article, we look at the ranking of countries based on GDP per capita, based on IMF data 2024. There is some difference between GDP and GDP per capita. While GDP indicates the total economic output of a country, GDP per capita indicates the average economic output per person by dividing it by the country’s population. The population factor shows the least populated countries at the top.

This is the reason why Luxembourg is the country with the highest GDP per capita in 2024, while it was ranked third in 2014. It has a population of 669,000 inhabitants and has a GDP per capita of 144,000 dollars in 2024. It is followed by Macau then by Ireland in 2024. second and third positions respectively.

The United States is the only economy in the top ten with the highest GDP per capita in 2024. Ranked ninth, its GDP per capita is $85,000. Only two countries with more than 10 million inhabitants are among the top 14. These two countries are the United States and Taiwan.

In the 2014 ranking of countries with the highest GDP per capita, Saudi Arabia, Hong Kong, Kuwait and Andorra were present. But they dropped out of the top 14. The countries that were added to the top 14 list are Guyana, Denmark, Ireland and Taiwan.

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