Countries use various measures to gauge their wealth. Below we outline the top 10 countries based on disposable income per capita, identifying how much money a person has available to spend on goods and services after paying their taxes.
Money per capita can refer to income per capita, money supply per capita, gross domestic product (GDP) per capita, or even net worth per capita. Income per capita can refer to discretionary income per capita or disposable income per capita, for example.
Countries With the Highest Incomes
The United States, with its 329.5 million people from 2020 per World Bank, tops the list with a disposable income per capita measure of $54,854, as of 2019. The country’s GDP came in at $20.89 trillion in 2020—the largest GDP on our list and world's largest economy.
Key sectors in the U.S. include financial services, professional https://bacaankatolik.org/ and business services, manufacturing and health care.
The small country of Luxembourg, with an estimated population of about 632,000 people in 2020 per World Bank, had $49,860 in disposable income per capita that year The European country nestled between Germany, France and Belgium had $74 billion in GDP in 2020.
For context, the U.S. dwarfs Luxembourg in GDP at about 300 times its size. Much of Luxembourg’s economic success stems from banking, where the country has grown into a global
Switzerland had $43,035 in disposable income per capita in 2020.
Its GDP was $619.6 billion and population 8.6 million in 2020.
The country has a stable market economy, favorable taxation laws, strong financial and tourism sectors, and a skilled workforce. Switzerland's main exports are pharmaceuticals, gold, watches and jewelry.
Germany commands $42,433 in disposable income per capita in 2020.
Germany is home to approximately 83.2 million people in 2020 and is a Slot Online major exporter, notably of cars, being home to major car brands such as Volkswagen, Daimler and BMW.
Germany is also a major exporter of chemicals and has a GDP of $4.56 trillion in 2020
Australia's disposable income per capita was $42,547 in 2020.
Australia had a GDP of $1.43 trillion and a population of 25.7 million people in 2020.
The country is rich with natural resources, which is reflected in one of the primary engines of its economy—mining