Low tax revenue share, high dependence on taxes for government spending. Can tax reforms in India 2025 ease the burden on citizens?

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 ...

As far as GDP per capita is concerned, Luxembourg tops the world chart, and that reflects the healthy and booming economy of the nation. But what does it imply for the nation's wealth and for the ...

Chart 1 shows the average real (after-inflation) GDP growth rate per capita in the year after the debt-to-GDP ratio rises above a given threshold. Consistent with Reinhart and Rogoff, we observed that ...

The figures are shown in US dollars in the chart. For the EU in 2024, GDP per capita ranged from €15,773 in Bulgaria to €125,043 in Luxembourg. The EU average stood at €40,060, while the US ...

South Korea ranked 21st, with a per capita GDP of $35,563. Japan’s ranking stayed at 22nd, the same as in 2022. According to the Cabinet Office, South Korea revised its GDP calculation standards ...

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.