https://en.m.wikipedia.org/wiki/List_of_countries_by_GDP_(no...
The USA is below both Norway and Ireland in the rankings table of GDP per capita, pretty consistently over the different measurements.
The USA is below both Norway and Ireland in the rankings table of GDP per capita, pretty consistently over the different measurements.
I wouldn't personally attribute either of these to better educational or societal systems.
Are we going to ignore the effects of immigration and the comparative policies of both nations here, or just pretend that a mostly-homogenous nation like Norway (or other Scandi countries) should be equally compared to the United States?
Ireland’s gdp per capita overstates its wealth substantially as large parts of the economy by value is subsidiaries of US companies which repatriate profits back to the US. For economies like Ireland and Luxembourg better to use gross national product than gross domestic product.
Better again to use average individual consumption but statistics on that have only just begun to be gathered. Average household consumption makes the US look pretty great. The only country higher is the UAE and the top 5 is rounded out by Hong Kong, Switzerland and Luxembourg. Petrostates, city states and the US.