A country’s success is reflected in the level of its GDP (gross domestic product) or gross national income, which serves as a benchmark for determining a country’s level of prosperity in terms of the size of the national income. But since the population of each country is different, this GDP must be normalized by its population. The trick is to calculate the national income of a country divided by the population of the year concerned. This method is called GDP per capita. It looks like the higher GDP per capita that the country concerned is getting richer.
Belgium is a country in Western Europe renowned for its medieval cities. The country includes distinct regions, including Dutch-speaking Flanders to the north, French-speaking Wallonia to the south and a German-speaking community to the east. Brussels, the bilingual capital, offers richly decorated corporate houses on the Grand Place and elegant art nouveau buildings. Belgium, renowned for its many old cities, museums and old buildings, is very well preserved and is ranked among the richest countries in the world with a GDP per capita of 47,512 USD in 2014. Although neighboring countries the foreshadowed It is known for its economic power, like France and Germany, but Belgium has managed to become one of the richest countries in the world thanks to the economic progress made thanks to the export of machines, equipment , chemicals and diamonds.
Norway is a Scandinavian country comprising mountains, glaciers and deep coastal fjords. Oslo, the capital, is full of green spaces and museums. Norway is a modern country on the European continent, renowned for its abundant oil and gas reserves, and which exports oil. Norway’s GDP reached USD 97,363
More Travelling Stories:
Things To Know Before Visiting Malaysia
What Should You Do When Visiting A New Place
Travelling to Some Rebuilt Historic Places around the World
Qatar is located on a small peninsula of the Arabian Peninsula. Qatar is bordered to the south by Saudi Arabia. The country’s economy focused first on fishing and pearls. The economic transformation that took place around the 1940s became a turning point for industry in Qatar, which made the country an oil and gas exporter. From there, Qatar’s main income is obtained. The per capita GDP of this country is 93,397 USD.
Luxembourg is a small European country bordered by Belgium, France and Germany. It is essentially rural, with the dense forest of the Ardennes and natural parks to the north. Luxembourg’s GDP per capita reached USD 110,665. In addition, the high level of GDP, the rate of inflation and unemployment in Luxembourg is relatively low. This means that it can be said that this country has a relatively small social gap.