About 30% of the last year's $62.3 million world Gross Domestic Product (GDP) was produced by the European Union (EU). The U.S. was 2nd at 23%.
On a per capita basis, Central Intelligence Agency (CIA) data shows:
.. the U.S. was ranked 10th in the world with a $47,000 per capita GDP.
.. Lichtenstein was 1st with $118,000.
.. Antigua and Barbuda with $19,000 was the 51st, ranked in the middle of the top 101 countries.
.. Bosnia and Herzegovina with $6,500 was the 101st country.
.. Last year's world per capita GDP was $10,200.
The Human Development Index (HDI) is calculated by adding life expectancy, literacy, and education factors to per capita GDP. The HDI for the U.S. drops to 15th from 10th for per capita GDP. Clearly the U.S. is lacking in leadership of both economic and non-economic factors.
A nation's GDP and its per capita income are indicators of its prosperity. For any individual, household, or family however, how the wealth is distributed is more important. The Gini index measures how much the income distribution differs from a proportional distribution. The index varies from 0 to 1, where 0 indicates perfect equality (everyone has an equal income) and 1 indicates perfect inequality (where one person has all the income and no one else has any).
The CIA provides a Gini index values for 125 countries. For the U.S., income distribution is:
.. more equally distributed in 94 countries,
.. less equally distributed in 30 countries.
The lowest Gini index score in the world is Sweden's at 0.230 followed by Denmark and Slovenia at 0.240. The next 20 countries are all in either Western Europe or the former Communist bloc of Eastern Europe. The European Union as a whole is at 0.307.
.. Russia has the highest number in Europe at 0.410.
.. Portugal is the highest in Western Europe at 0.380.