To judge the level of economic development of a country, we should not only look at the size of its total GDP, but more importantly, look at the level of per capita GDP. GDP per capita is a better reflection of people's living standards and the country's affluence.
Let's take a look at the GDP rankings of the world's major countries in 2023. Although Switzerland's total GDP is only 905.6 billion US dollars, its per capita GDP is as high as 10$280,000, a figure far ahead of other countries. That's one of the reasons why Switzerland is known as a paradise on earth. The national welfare of Switzerland is extremely high, and the quality of life of the people is greatly guaranteed. Even if you don't work, you can enjoy a very high quality of life.
Not only does the United States have a high total GDP, but its GDP per capita is equally impressive. The per capita GDP of the United States is as high as 80,000 US dollars, which is seven times that of China. This is enough to explain one of the reasons why the United States is the number one power in the world. The United States has a very high economic power and national income level, which is an important reason why the United States has become one of the most influential countries in the world.
In addition, some countries that we don't usually pay attention to, such as Mexico, have surpassed South Korea in terms of total GDP. And its GDP per capita is also higher than that of Russia and our country. This is enough to show that Mexico's economic development has made great progress, and the people's living standards have also improved significantly.
To sum up, to judge the level of economic development of a country, we cannot only look at the size of the total GDP. The level of GDP per capita is a better indicator of people's living standards and the country's wealth. **Jiangnan Wonderful.