What country had the largest gross domestic product (GDP) per capita in 2015 (in U.S. dollars)?

Luxembourg was the country with the largest gross domestic product (GDP) per capita in 2015. It had an estimated GDP of about 103,187 dollars per capita. But, to help put this in perspective, please note that GDP is the monetary value of all the finished goods and services produced within a country's borders in a specific time period, which is usually a period of one year. GDP includes all private and public consumption, government outlays, investments and exports minus imports that occur within the defined territory. Put simply, GDP is a broad measurement of a nation’s overall economic activity.

Using the following formula, GDP can be calculated: GDP = C + G + I + NX where

C is equal to all private consumption, or consumer spending, in a nation's economy, G is the sum of government spending, I is the sum of all the country's investment, including businesses capital expenditures and NX is the nation's total net exports, calculated as total exports minus total imports (NX = Exports - Imports).

GDP will commonly used as an indicator of the economic health of a country, as well as a gauge of a country's standard of living.