Estimation of a country's gross domestic product shows the size of its economy but does not show how wealthy on average are individuals of that country. The economic well-being of a country's citizens can be measured as a country's GDP per one inhabitant, known as GDP per capita which is usually used as an indicator of the quality of life.

While gross domestic product per capita is especially useful when comparing one country to another because it accounts for the size of the country's population it is also useful in indicating the growth of economic well-being in a country through time.

Monaco and Luxembourg are the leaders by the GDP per capita. The attractive tax system has made Luxembourg an ideal place not only for a number of multinational companies, especially Internet start-ups but also for high-wealth individuals. Still, the fact that Luxembourg's economy is dependent on the financial sector is in charge of the significant decline in GDP per capita which occurred during the global financial crisis.


Other GDP-related dashboards:

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