Estimation of a country's gross domestic product shows the size of its economy but does not show how wealthy in average are individuals of that country. The economic well-being of country's citizens can be measured as country's GDP per one inhabitant, known as GDP per capita which is usually used as an indicator of the quality of life.
While gross domestic product per capita is especially useful when comparing one country to another because it accounts for the size of country's population it is also useful in indicating the growth of economic well-being in a country through time.
Luxembourg and Switzerland are the leaders by GDP per capita. The success of Switzerland is in part attributable to the fact that its economy is not dependent on one single industry - it is successfully diversified between the technological, industrial, and financial sectors.
In Luxembourg, on the contrary, the economy is concentrated in the financial sector, which came to the forefront with the massive...