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The top seven OECD countries ranked by GDP per head has remained unchanged since 1998, with Luxembourg still the highest at nearly $40,000 in purchasing power parity terms, a measure which eliminates the price differentials between countries (see note 1, page 13). The largest shift was Ireland, whose

GDP per head jumped from 13th in 1998 to eighth in 1999, putting it behind Canada and ahead of the Netherlands. Japan, by the same measure, has been edged out of the top ten OECD countries. Three G7 countries - the United Kingdom, France and Italy - all had broadly the same GDP per head as each other, at around $22,000. The OECD country with the lowest GDP per head was Turkey.

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