In the build up to the Second World War, the United States was the major power with the highest gross domestic product (GDP) per capita in the world. In 1938, the United States also had the highest overall GDP in the world, and by a significant margin, however differences in GDP per person were much smaller. Switzerland In terms of countries that played a notable economic role in the war, the neutral country of Switzerland had the highest GDP per capita in the world. A large part of this was due to the strength of Switzerland's financial system. Most major currencies abandoned the gold standard early in the Great Depression, however the Swiss Franc remained tied to it until late 1936. This meant that it was the most stable, freely convertible currency available as the world recovered from the Depression, and other major powers of the time sold large amounts of gold to Swiss banks in order to trade internationally. Switzerland was eventually surrounded on all sides by Axis territories and lived under the constant threat of invasion in the war's early years, however Swiss strategic military planning and economic leverage made an invasion potentially more expensive than it was worth. Switzerland maintained its neutrality throughout the war, trading with both sides, although its financial involvement in the Holocaust remains a point of controversy. Why look at GDP per capita? While overall GDP is a stronger indicator of a state's ability to fund its war effort, GDP per capita is more useful in giving context to a country's economic power in relation to its size and providing an insight into living standards and wealth distribution across societies. For example, Germany and the USSR had fairly similar GDPs in 1938, whereas Germany's per capita GDP was more than double that of the Soviet Union. Germany was much more industrialized and technologically advanced than the USSR, and its citizens generally had a greater quality of life. However these factors did not guarantee victory - the fact that the Soviet Union could better withstand the war of attrition and call upon its larger population to replenish its forces greatly contributed to its eventual victory over Germany in 1945.
Out of all 50 states, New York had the highest per-capita real gross domestic product (GDP) in 2023, at 90,730 U.S. dollars, followed closely by Massachusetts. Mississippi had the lowest per-capita real GDP, at 39,102 U.S. dollars. While not a state, the District of Columbia had a per capita GDP of more than 214,000 U.S. dollars. What is real GDP? A country’s real GDP is a measure that shows the value of the goods and services produced by an economy and is adjusted for inflation. The real GDP of a country helps economists to see the health of a country’s economy and its standard of living. Downturns in GDP growth can indicate financial difficulties, such as the financial crisis of 2008 and 2009, when the U.S. GDP decreased by 2.5 percent. The COVID-19 pandemic had a significant impact on U.S. GDP, shrinking the economy 2.8 percent. The U.S. economy rebounded in 2021, however, growing by nearly six percent. Why real GDP per capita matters Real GDP per capita takes the GDP of a country, state, or metropolitan area and divides it by the number of people in that area. Some argue that per-capita GDP is more important than the GDP of a country, as it is a good indicator of whether or not the country’s population is getting wealthier, thus increasing the standard of living in that area. The best measure of standard of living when comparing across countries is thought to be GDP per capita at purchasing power parity (PPP) which uses the prices of specific goods to compare the absolute purchasing power of a countries currency.
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GDP per Capita: Australian Capital Territory data was reported at 117,881.000 AUD in 2024. This records an increase from the previous number of 111,088.000 AUD for 2023. GDP per Capita: Australian Capital Territory data is updated yearly, averaging 61,006.000 AUD from Jun 1990 (Median) to 2024, with 35 observations. The data reached an all-time high of 117,881.000 AUD in 2024 and a record low of 27,365.000 AUD in 1990. GDP per Capita: Australian Capital Territory data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.A167: SNA08: Gross Domestic Product and Gross Domestic Product per Capita: by State.
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Australia GDP per Capita: Northern Territory data was reported at 130,630.000 AUD in 2024. This records a decrease from the previous number of 131,581.000 AUD for 2023. Australia GDP per Capita: Northern Territory data is updated yearly, averaging 68,989.000 AUD from Jun 1990 (Median) to 2024, with 35 observations. The data reached an all-time high of 131,581.000 AUD in 2023 and a record low of 26,334.000 AUD in 1990. Australia GDP per Capita: Northern Territory data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.A167: SNA08: Gross Domestic Product and Gross Domestic Product per Capita: by State.
Guyana was the South American country 20360the highest gross national income per capita, with 20,360 U.S. dollars per person in 2023. Uruguay ranked second, registering a GNI of 19,530 U.S. dollars per person, based on current prices. Gross national income (GNI) is the aggregated sum of the value added by residents in an economy, plus net taxes (minus subsidies) and net receipts of primary income from abroad. Which are the largest Latin American economies? Based on annual gross domestic product, which is the total amount of goods and services produced in a country per year, Brazil leads the regional ranking, followed by Mexico, Argentina, and Chile. Many Caribbean countries and territories hold the highest GDP per capita in this region, measurement that reflects how GDP would be divided if it was perfectly equally distributed among the population. GNI per capita is, however, a more exact calculation of wealth than GDP per capita, as it takes into consideration taxes paid and income receipts from abroad. How much inequality is there in Latin America? In many Latin American countries, more than half the total wealth created in their economies is held by the richest 20 percent of the population. When a small share of the population concentrates most of the wealth, millions of people don't have enough to make ends meet. For instance, in Brazil, about 5.32 percent of the population lives on less than 3.2 U.S. dollars per day.
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GDP: Australian Capital Territory data was reported at 55,431.000 AUD mn in 2024. This records an increase from the previous number of 51,226.000 AUD mn for 2023. GDP: Australian Capital Territory data is updated yearly, averaging 20,643.000 AUD mn from Jun 1990 (Median) to 2024, with 35 observations. The data reached an all-time high of 55,431.000 AUD mn in 2024 and a record low of 7,641.000 AUD mn in 1990. GDP: Australian Capital Territory data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.A167: SNA08: Gross Domestic Product and Gross Domestic Product per Capita: by State.
In 2023, Puerto Rico and The Bahamas were the states with the highest gross domestic product (GDP) per capita in Latin America and the Caribbean. The average GDP generated per person in the Bahamas amounted to 34,749 U.S. dollars, whereas the average wealth created per capita in Puerto Rico was estimated at around 34,749 U.S. dollars. In that same year, this region's lowest GDP per capita was that of Haiti, at less than 1,693 U.S. dollars per person per year. The largest economies in Latin America
GDP is the total value of all goods and services produced in a country in a year. It is an important indicator to measure the economic strength of a country and the average wealth of its population. By far, the two largest economies in the region are Brazil and Mexico, both registering GDPs three times bigger than the third place, Argentina. Nonetheless, they are the two most populated countries by a great margin.
Key economic indicators of Latin America
Latin America emerges as an important region in the world economy, as of 2023, around 7.3 percent of the global GDP, a similar share to the Middle East. Nevertheless, the economic development of most of its countries has been heavily affected by other factors, such as corruption, inequality, inflation, or crime and violence. Countries such as Venezuela, Suriname, and Argentina are constantly ranking among the highest inflation rates in the world. While Jamaica, Ecuador, and Haiti rank as some of the most crime-ridden states.
This map is adapted from the outstanding work of Dr. Joseph Kerski at ESRI. A map of political, social, and economic indicators for 2010. Created at the Data Analysis and Social Inquiry Lab at Grinnell College by Megan Schlabaugh, April Chen, and Adam Lauretig.Data from Freedom House, the Center for Systemic Peace, and the World Bank.Shapefile:Weidmann, Nils B., Doreen Kuse, and Kristian Skrede Gleditsch. 2010. The Geography of the International System: The CShapes Dataset. International Interactions 36 (1).Field Descriptions:
Variable Name Variable Description Years Available Further Description Source
TotPop Total Population 2011 Population of the country/region World Bank
GDPpcap GDP per capita (current USD) 2011 A measure of the total output of a country that takes the gross domestic product (GDP) and divides it by the number of people in the country. The per capita GDP is especially useful when comparing one country to another because it shows the relative performance of the countries. World Bank
GDPpcapPPP GDP per capita based on purchasing power parity (PPP) 2011
World Bank
HDI Human Development Index (HDI) 2011 A tool developed by the United Nations to measure and rank countries' levels of social and economic development based on four criteria: Life expectancy at birth, mean years of schooling, expected years of schooling and gross national income per capita. The HDI makes it possible to track changes in development levels over time and to compare development levels in different countries. World Bank
LifeExpct Life expectancy at birth 2011 The probable number of years a person will live after a given age, as determined by mortality in a specific geographic area. World Bank
MyrSchool Mean years of schooling 2011 Years that a 25-year-old person or older has spent in schools World Bank
ExpctSch Expected years of schooling 2011 Number of years of schooling that a child of school entrance age can expect to receive if prevailing patterns of age-specific enrolment rates persist throughout the child’s life. World Bank
GNIpcap Gross National Income (GNI) per capita 2011 Gross national income (GNI) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. GNI per capita is gross national income divided by mid-year population. World Bank
GNIpcapHDI GNI per capita rank minus HDI rank 2011
World Bank
NaIncHDI
Nonincome HDI
2011
World Bank
15+LitRate Adult (15+) literacy rate (%). Total 2010
UNESCO
EmplyAgr Employment in Agriculture 2009
World Bank
GDPenergy GDP per unit of energy use 2010 The PPP GDP per kilogram of oil equivalent of energy use. World Bank
GDPgrowth GDP growth (annual %) 2011
World Bank
GDP GDP (current USD) 2011
World Bank
ExptGDP Exports of Goods and Service (% GDP) 2011 The value of all goods and other market services provided to the rest of the world World Bank
ImprtGDP Imports of Goods and Service (% GDP) 2011 The value of all goods and other market services received from the rest of the world. World Bank
AgrGDP Agriculture, Value added (% GDP) 2011 Agriculture corresponds to ISIC divisions 1-5 and includes forestry, hunting, and fishing, as well as cultivation of crops and livestock production. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. World Bank
FDI Foreign Direct Investment, net (current USD) 2011 Foreign direct investment are the net inflows of investment to acquire a lasting management interest (10 percent or more of voting stock) in an enterprise operating in an economy other than that of the investor. It is the sum of equity capital, reinvestment of earnings, other long-term capital, and short-term capital as shown in the balance of payments. World Bank
GNIpcap GNI per capita PP 2011 GNI per capita based on purchasing power parity (PPP). PPP GNI is gross national income (GNI) converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GNI as a U.S. dollar has in the United States. GNI is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. World Bank
Inflatn Inflation, Consumer Prices (annual %) 2011 Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. World Bank
InfltnGDP Inflation, GDP deflator (annual %) 2011 Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency. World Bank
PctWomParl % women in national parliament 2010
United Nations
IntnetUser Internet Users, per 100 peple 2011 Internet users are people with access to the worldwide network. World Bank
HIVPrevlnc Estimated HIV Prevalence% - (Ages 15-49) 2009 Prevalence of HIV refers to the percentage of people ages 15-49 who are infected with HIV. UNAIDS estimates. UNAIDS
AgrLand Agricultural land (% of land area) 2009 Agricultural land refers to the share of land area that is arable, under permanent crops, and under permanent pastures. World Bank
AidRecPP Aid received per person (current US$) 2010 Net official development assistance (ODA) per capita consists of disbursements of loans made on concessional terms (net of repayments of principal) and grants by official agencies of the members of the Development Assistance Committee (DAC), by multilateral institutions, and by non-DAC countries to promote economic development and welfare in countries and territories in the DAC list of ODA recipients; and is calculated by dividing net ODA received by the midyear population estimate. It includes loans with a grant element of at least 25 percent (calculated at a rate of discount of 10 percent). World Bank
AlcohAdul Alcohol consumption per adult (15+) in litres 2008 Liters of pure alcohol, computed as the sum of alcohol production and imports, less alcohol exports, divided by the adult population (aged 15 years and older). World Health Organization
ArmyPct Military expenditure (% of central government expenditure) 2008 Military expenditures data from SIPRI are derived from the NATO definition, which includes all current and capital expenditures on the armed forces, including peacekeeping forces; defense ministries and other government agencies engaged in defense projects; paramilitary forces, if these are judged to be trained and equipped for military operations; and military space activities. Such expenditures include military and civil personnel, including retirement pensions of military personnel and social services for personnel; operation and maintenance; procurement; military research and development; and military aid (in the military expenditures of the donor country). World Development Indicators (World Bank)
TFR Total Fertility Rate 2011 The average number of children that would be born per woman if all women lived to the end of their childbearing years and bore children according to a given fertility rate at each age. This indicator shows the potential for population change in a country. World Bank
CO2perUSD CO2 kg per USD 2008 Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement. They include carbon dioxide produced during consumption of solid, liquid, and gas fuels and gas flaring. World Bank
ExpdtrPrim Expenditure per student, primary (% of GDP per capita) 2008 Public expenditure per pupil as a % of GDP per capita. Primary is the total public expenditure per student in primary education as a percentage of GDP per capita. Public expenditure (current and capital) includes government spending on educational institutions (both public and private), education administration as well as subsidies for private entities (students/households and other privates entities). World Bank
ExpdtrSecd Expenditure per student, secondary (% of GDP per capita) 2008 Public expenditure per pupil as a % of GDP per capita. Secondary is the total public expenditure per student in secondary education as a percentage of GDP per capita. World Bank
ExpdtrTert Expenditure per student, tertiary (% of GDP per capita) 2008 Public expenditure per pupil as a % of GDP per capita. Tertiary is the total public expenditure per student in tertiary education as a percentage of GDP per capita. World Bank
FDIoutf Foreign direct investment, net outflows (% of GDP) 2010 Foreign direct investment are the net inflows of investment to acquire a lasting management interest (10 percent or more of voting stock) in an enterprise operating in an economy other than that of the investor. It is the sum of equity capital, reinvestment of earnings, other long-term capital, and short-term capital as shown in the balance of payments. This series shows net outflows of investment from the
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Key information about State of Palestine (West Bank and Gaza) GDP Per Capita
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The Gross Domestic Product (GDP) is quantified annually by means of the statistical operation of synthesis Economic Accounts, which includes the activity of economic agents in the Basque Country by accounting for the total monetary value of the current production of goods and services. It allows to know the evolution of the economy in nominal and real terms, presenting the economic analysis on the side of supply, demand and rents. Gross domestic product is undoubtedly the most important economic macromagnitude for estimating the productive capacity of an economy.
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GDP per Capita: 2022-23p: Northern Territory data was reported at 136,341.000 AUD in 2024. This records an increase from the previous number of 131,581.000 AUD for 2023. GDP per Capita: 2022-23p: Northern Territory data is updated yearly, averaging 111,109.000 AUD from Jun 1990 (Median) to 2024, with 35 observations. The data reached an all-time high of 140,506.000 AUD in 2022 and a record low of 70,292.000 AUD in 1994. GDP per Capita: 2022-23p: Northern Territory data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.A167: SNA08: Gross Domestic Product and Gross Domestic Product per Capita: by State.
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This study employs the Economic Complexity Index (ECI) and the Economic Fitness Index (EFI) as two different measures of economic complexity. The ECI is based on the methodology developed by Hausmann et al. (2014b), while the EFI was introduced by Tacchella et al. (2012) and later improved by Servedio et al. (2018) and Operti et al. (2018).
We used the International Trade Database at the Product Level (BACI) to determine global product complexities. The BACI dataset includes detailed export data for over 200 countries and territories. To ensure accuracy and eliminate fluctuations in export data, Hidalgo (2021) recommends excluding countries with exports of less than 1 billion US dollars, countries with a population of less than 1 million, and products with a global export value of less than 500 million US dollars from the dataset. To avoid endogeneity issues, we followed Boschma et al. (2013) and excluded Turkey from the sample. After cleaning the data in accordance with Hidalgo (2021) and Boschma et al. (2013), we calculated global product complexities for 124 to 141 countries from 2007 to 2020.
Since foreign trade statistics of provinces obtained from TURKSTAT are classified according to Standard International Trade Classification (SITC revision 3) at 4-digit codes, we converted BACI dataset based on Harmonized System (HS) classification using Eurostat Metadata Server (RAMON) conversion tables.
Variables:
countrycode: NUTS-3 codes of provinces
country: Provinces
id: identification numbers (given by the authors)
gdpper: Real GDP per capita.
dist: Distance of provinces from Istanbul in kilometers
eci: Economic Complexity Index (Hidalgo et al. 2014)
fit: Economic Fitness Index (Tacchella et al. 2012, Servedio et a. 2018, Operti et al. 2018).
ind_elec_cons: Ratio of industrial electricity consumption to total electricity consumption.
education: Percentage of high school, faculty, master, and doctorate graduates in the population aged 15 and over.
reer: Real Effective Exchange Rate.
openness: Share of province-level exports and imports on total provincial GDP.
ethnicity: is calculated as the average of the votes received by Kurdish political parties in the provinces.
secim: An alternative for ethnicity. Calculated as the the ratio of the number of municipalities won by Kurdish political party mayoral candidates to the total number of municipalities in each province.
East: A dummy variable for the provinces located to the east of the capital city, Ankara, are considered as eastern provinces and are labeled as 1, while the provinces located to the west are labeled as 0 and considered as western provinces.
onuc: A dummy variable for 13 provinces that are in the scope of cross-border trade regulation are labeled as 1.
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This indicator provides values for gross national income (GNI) per person expressed in current international dollars, converted by purchasing power parities (PPPs). PPPs account for the different price levels across countries and thus PPP-based comparisons of economic output are more appropriate for comparing the output of economies and the average material well-being of their inhabitants than exchange-rate based comparisons. Gross national income is the total income earned by all residents within an economic territory during an accounting period. It is equal to gross domestic product plus earned income receivable from abroad minus earned income payable abroad. The core indicator has been divided by the general population to achieve a per capita estimate. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. The PPP conversion factor is a currency conversion factor and a spatial price deflator. PPPs convert different currencies to a common currency and, in the process of conversion, equalize their purchasing power by eliminating the differences in price levels between countries, thereby allowing volume or output comparisons of GDP and its expenditure components.
In 2024, Singapore had the highest GDP per capita across the Asia-Pacific region, an estimated ***** thousand U.S. dollars. In comparison, Myanmar had an estimated GDP per capita of approximately ****** U.S. dollars that year.
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The operation Statistics of social services and social action collects and prepares information on all the entities (institution or section of an institution) and centres that operate in the area of social services, in order to know the offer of services and social benefits and the characteristics of their users and beneficiaries. This section offers information on centers, places, users, staff and expenses of the centers according to different geographical areas. More information on the https://www.euskadi.eus/web01-s2enple/es/contenidos/informacion/essec_oe_informacion2/es_def/index.shtml departmental statistical portal.
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GDP per Capita: 2014-15p: Australian Capital Territory data was reported at 92,173.000 AUD in 2016. This records an increase from the previous number of 90,341.000 AUD for 2015. GDP per Capita: 2014-15p: Australian Capital Territory data is updated yearly, averaging 80,531.000 AUD from Jun 1990 (Median) to 2016, with 27 observations. The data reached an all-time high of 92,173.000 AUD in 2016 and a record low of 64,765.000 AUD in 1992. GDP per Capita: 2014-15p: Australian Capital Territory data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.A167: SNA08: Gross Domestic Product and Gross Domestic Product per Capita: by State.
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The municipal GDP aims to provide as complete a view as possible of the economic reality of the Basque Country at municipal level in terms of GDP per capita, GDP per job, distribution of Gross Added Value and Jobs, fully consistent with the macromagnitudes obtained in the Annual Economic Accounts of the Basque Country prepared by EUSTAT.The objective of this statistical operation is to provide information at municipal level that allows us to know closely the economic structure of our municipalities, which are the economic sectors in which it is based, as well as the effects of economic cycles on their level of activity and employment.
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This indicator provides values for gross national income (GNI) per person expressed in constant international dollars, converted by purchasing power parities (PPPs). PPPs account for the different price levels across countries and thus PPP-based comparisons of economic output are more appropriate for comparing the output of economies and the average material well-being of their inhabitants than exchange-rate based comparisons. Gross national income is the total income earned by all residents within an economic territory during an accounting period. It is equal to gross domestic product plus earned income receivable from abroad minus earned income payable abroad. The core indicator has been divided by the general population to achieve a per capita estimate. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2021. The PPP conversion factor is a currency conversion factor and a spatial price deflator. PPPs convert different currencies to a common currency and, in the process of conversion, equalize their purchasing power by eliminating the differences in price levels between countries, thereby allowing volume or output comparisons of GDP and its expenditure components.
The statistic shows gross domestic product (GDP) per capita in the Association of Caribbean States in 2023. GDP is the total value of all goods and services produced in a country in a year. It is considered to be a very important indicator of the economic strength of a country and a positive change is an indicator of economic growth. The Association of Caribbean States comprises Antigua and Barbuda, Bahamas, Barbados, Belize, Colombia, Costa Rica, Cuba, Dominica, Dominican Republic, El Salvador, Grenada, Guatemala, Guyana, Haiti, Honduras, Jamaica, Mexico, Nicaragua, Panama, St. Kitts and Nevis, St. Lucia, St. Vincent and the Grenadines, Suriname, Trinidad and Tobago and Venezuela. In 2023, GDP per capita in Barbados amounted to around 23,167.3 U.S. dollars.
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Data (gdp). Country- or territory-level GDP per capita. (XLSX 9 kb)
In the build up to the Second World War, the United States was the major power with the highest gross domestic product (GDP) per capita in the world. In 1938, the United States also had the highest overall GDP in the world, and by a significant margin, however differences in GDP per person were much smaller. Switzerland In terms of countries that played a notable economic role in the war, the neutral country of Switzerland had the highest GDP per capita in the world. A large part of this was due to the strength of Switzerland's financial system. Most major currencies abandoned the gold standard early in the Great Depression, however the Swiss Franc remained tied to it until late 1936. This meant that it was the most stable, freely convertible currency available as the world recovered from the Depression, and other major powers of the time sold large amounts of gold to Swiss banks in order to trade internationally. Switzerland was eventually surrounded on all sides by Axis territories and lived under the constant threat of invasion in the war's early years, however Swiss strategic military planning and economic leverage made an invasion potentially more expensive than it was worth. Switzerland maintained its neutrality throughout the war, trading with both sides, although its financial involvement in the Holocaust remains a point of controversy. Why look at GDP per capita? While overall GDP is a stronger indicator of a state's ability to fund its war effort, GDP per capita is more useful in giving context to a country's economic power in relation to its size and providing an insight into living standards and wealth distribution across societies. For example, Germany and the USSR had fairly similar GDPs in 1938, whereas Germany's per capita GDP was more than double that of the Soviet Union. Germany was much more industrialized and technologically advanced than the USSR, and its citizens generally had a greater quality of life. However these factors did not guarantee victory - the fact that the Soviet Union could better withstand the war of attrition and call upon its larger population to replenish its forces greatly contributed to its eventual victory over Germany in 1945.