A Fascinating Look at the Economic History of the World by Per Capita GDP from 1800-2016


This video shows the wealthiest nations measured by per capita gross domestic product [GDP] from 1800 to today. Gross domestic product is the total value of goods produced and services provided annually. Per capita GDP divides that total by the nation's population.

America and China have the largest economies today, but when you measure a nation's wealth by per capita GDP there are some surprises. For instance, who knew that Australia and Luxembourg would have fared so well, for such a long stretch of time.


#economics

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