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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.
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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.
