Each year, the United States produces more per person than most other advanced economies. In 2015 real GDP per capita was $56,000 in the United States. The real GDP per capita in that same year was only $47,000 in Germany, $41,000 in France and the United Kingdom, and just $36,000 in Italy, adjusting for purchasing power.
Why the U.S. Is Still Richer Than Every Other Large Country
But can it maintain its advantage?
April 20, 2017
Summary.
The U.S. remains richer than its peers. But why? A plausible list of explanations might include: A culture of entrepreneurship and a financial system that supports it, abundant energy, immigration, smaller and more decentralized government, long work hours, flexible labor markets, relatively little regulation, and top research universities.