Alex Nowrasteh, the Cato Institute’s vice president for economic and social policy studies, pushed back on Vance’s claim.

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 ...

The wealth of nations is more accurately gauged by GDP per capita adjusted for purchasing power parity (PPP), considering differing living costs. For 2025, Luxembourg, Singapore, and Macao lead ...

Likewise, in the case of Ireland, the high level of GDP per capita can be explained in part by the presence of large multinationals that own intellectual property, whose activity contributes to ...

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 ...