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Which country in Europe is considered the 'richest', and what type of military does it have?
Question
#24905. Asked by marianne. (Dec 06 02 6:24 AM)
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marianne
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Thanks! I have been searching for days only to find contradicting information. I do appreciate your help.
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Barrow boy
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Luxembourg is now the richest country, not just in Europe, but in the world when measured by 'Gross Domestic Product per Capita (GDP)' indicator. Gross domestic product (GDP) is an aggregate measure of the value of goods and services produced in a country within a year. It is an indicator of a country's productive capacity or economic power. GDP per capita provides a measure of a country's economic power adjusted by the size of its population. http://biz.yahoo.com/ifc/lu/ Norway and Switzerland also have high GDP per capita. Britons may find a lot of consolation from the fact that the UK GDPpc, having been 20% behind Germany's 10 years ago, is now neck and neck with Germany's. We've halved the gap with France as well.
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