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The labour productivity level of Luxembourg is one of the highest in Europe. OECD, 2012. The economy of Luxembourg is largely dependent on the banking, steel, and industrial sectors. Citizens of Luxembourg enjoy the highest per capita gross domestic product in the world, according to an IMF estimate in 2022. [24]
Rank Country GDP per person employed (2017 Intl. $) Year 1 Luxembourg 240,995: 2022 2 Ireland 222,016: 2022 3 Singapore 165,451: 2022 4 Switzerland 131,694: 2022 5 Brunei ...
Gross domestic product (GDP) is the market value of all final goods and services from a nation in a given year. [ 2 ] Countries are sorted by nominal GDP estimates from financial and statistical institutions, which are calculated at market or government official exchange rates. Nominal GDP does not take into account differences in the cost of ...
This is similar to nominal GDP per capita but adjusted for the cost of living in each country. In 2019, the estimated average GDP per capita (PPP) of all of the countries of the world was Int$ 18,381. [a] For rankings regarding wealth, see list of countries by wealth per adult.
The European Union's GDP is estimated to be $19.35 trillion (nominal) in 2024 [7] or $26.64 trillion (PPP), representing around one-sixth of the global economy. [30] Germany has the biggest national GDP of all EU countries, followed by France and Italy. In 2022, the social welfare expenditure of the European Union (EU) as a whole was 19.5% of ...
Luxembourg is a developed country with an advanced economy and one of the world's highest GDP (PPP) per capita as per IMF and World Bank estimates, making it the richest country in the world. The nation's levels of human development and LGBT equality are ranked among the highest in Europe.
The eight major pass-through economies—the Netherlands, Luxembourg, Hong Kong SAR, the British Virgin Islands, Bermuda, the Cayman Islands, Ireland, and Singapore—host more than 85 percent of the world’s investment in special purpose entities, which are often set up for tax reasons. — "Piercing the Veil", International Monetary Fund ...
The economy of Europe comprises about 748 million people in 50 countries. The difference in wealth across Europe can be seen roughly in the former Cold War divide, with some countries breaching the divide (Greece, Portugal, Slovenia, the Czech Republic, Lithuania, Latvia and Estonia). [12] Whilst most European states have a GDP per capita ...