I once had a talk with a work colleague about who’s the most economically developed country in the world.
I kept insisting it was the US.
He kept saying that there are other countries, more economically developed.
What I meant was national GDP. What he meant was GDP per capita.
Even if the US is the largest economy in the world, for the everyday citizen, it’s more important the GDP per capita since it reflects the state of an individual.
In sports events, there are countries that get a lot of medals (USA, China), since they have large economies and populations.
But when a small country earns a medal, I think it’s more relevant since the medal per capita is an adequate comparison.
