> Qatar, Luxembourg, Singapore, Ireland, Brunei, Norway, UAE, Kuwait and Switzerland all have more GDP per capita (PPP) than the US yet spend less per capita on healthcare (PPP).
GDP per capita understates how rich the US is. A better measure is average individual consumption. Unfortunately I can’t find great figures on that but the only country/region with higher household consumption than the US is Hong Kong, with far smaller households[1].
Qatar, Brunei, Kuwait and Norway are petrostates. Luxembourg, Singapore, Ireland and Switzerland all have oversized financial sectors and as such Gross National Product gives a more realistic measure of how rich they really are. Singapore and Switzerland it doesn’t change much but Ireland’s GNP is ~80% of GDP.
GDP per capita understates how rich the US is. A better measure is average individual consumption. Unfortunately I can’t find great figures on that but the only country/region with higher household consumption than the US is Hong Kong, with far smaller households[1].
Qatar, Brunei, Kuwait and Norway are petrostates. Luxembourg, Singapore, Ireland and Switzerland all have oversized financial sectors and as such Gross National Product gives a more realistic measure of how rich they really are. Singapore and Switzerland it doesn’t change much but Ireland’s GNP is ~80% of GDP.
[1] https://en.wikipedia.org/wiki/List_of_countries_by_household...