Highest GDP per Capita Countries 2004

Burundi

In 2004, Burundi ranked #189 in the category of Highest GDP per Capita Countries, with a value of 1006.5124 USD. This figure places Burundi significantly below the global average, highlighting its economic struggles compared to neighboring countries like Rwanda, which has made more substantial economic progress. The low GDP per capita in Burundi can be attributed to ongoing political instability, limited access to markets, and a reliance on subsistence agriculture, which hampers overall economic growth.

Lithuania

In 2004, Lithuania ranked #56 globally in the Highest GDP per Capita Countries, with a value of 21875.61 USD. This figure is significantly higher than many of its regional neighbors, reflecting a robust post-Soviet economic transformation. Key drivers of this growth included a focus on attracting foreign investment and developing a competitive services sector, which bolstered overall economic performance.

Germany

In 2004, Germany ranked #27 globally in the Highest GDP per Capita Countries, with a value of 50786.02 USD. This figure is notably higher than the global average, reflecting Germany's robust economic infrastructure and industrial base. Key drivers of this high GDP per capita include Germany's strong export sector, particularly in automotive and machinery, alongside a skilled labor force and effective economic policies.

Barbados

In 2004, Barbados ranked #59 globally in the category of Highest GDP per Capita Countries, with a value of 21308.605 USD. This figure is notably higher than many of its Caribbean neighbors, reflecting the country's relatively strong economic performance in the region. Key drivers of this statistic include a well-developed tourism sector and a stable political environment, which have bolstered economic growth and attracted foreign investment.

Belgium

In 2004, Belgium ranked #22 in the Highest GDP per Capita Countries with a value of 53406.69 USD. This figure is notably higher than the global average, indicating a robust economic performance relative to many other nations. Key drivers of Belgium's high GDP per capita include its strategic location in Europe, a highly developed infrastructure, and a diverse economy that benefits from sectors such as manufacturing, services, and international trade.

Honduras

In 2004, Honduras ranked #139 globally in the Highest GDP per Capita Countries with a value of 4885.343 USD. This figure is notably lower than the regional average for Central America, which reflects economic challenges faced by the country. Key drivers of this statistic include a reliance on agriculture and remittances from abroad, as well as political instability that has hindered economic growth and development.

Tuvalu

In 2004, Tuvalu ranked #149 globally for the Highest GDP per Capita Countries, with a value of 3874.5828 USD. This figure is relatively low compared to many Pacific Island nations, reflecting the unique economic challenges faced by Tuvalu. The economy is heavily reliant on fishing and remittances, with limited resources and a small population contributing to its GDP. Additionally, Tuvalu's remote location and vulnerability to climate change further hinder economic diversification and growth.

Japan

In 2004, Japan ranked #36 in the Highest GDP per Capita Countries with a value of 40986.723 USD. This figure places Japan below many of its regional peers, particularly when compared to top-ranked countries like Luxembourg. Key drivers of Japan's GDP per capita include its advanced technology sector, a strong industrial base, and a highly skilled workforce, although challenges such as an aging population and economic stagnation have impacted growth.

Algeria

In 2004, Algeria ranked #90 globally with a GDP per capita of 13226.765 USD among the Highest GDP per Capita Countries. This figure is notably lower than the regional average for North Africa, reflecting the economic challenges the country faced at the time.

The primary drivers of Algeria's GDP per capita included its vast natural resources, particularly oil and gas, which significantly contributed to national revenue. Additionally, government policies aimed at stabilizing the economy and promoting investment played a crucial role in shaping its economic landscape.

Bahamas

In 2004, the Bahamas ranked #42 globally for the Highest GDP per Capita Countries, with a value of 34617.805 USD. This figure places the Bahamas above many of its Caribbean neighbors, reflecting a relatively strong economic position in the region. The country's robust tourism sector, characterized by its appeal as a luxury destination, alongside financial services, significantly contributes to its high GDP per capita.