Bermuda has once again topped the table of countries with the highest gross domestic product per capita, according to official figures released yesterday.

The Island generated $5.85 billion of wealth in 2007, which works out at $91,477 per person.

The latest Department of Statistics report, based on 2007 figures, shows that Bermuda's GDP — its total output of goods and services — rose by 9.4 percent last year. The previous year saw record growth of 10.3 percent.

The GDP per capita for the Island of $91,477 puts it ahead of Qatar at $87,600 and Luxembourg at $79,400, according to 2007 estimates on the CIA World Factbook.

GDP per capita — based on a country's gross domestic product divided by its population — is used worldwide as an indicator of standard of living.

Bermuda's GDP per capita compares to $45,800 for the US, $38,600 for Canada and $35,000 for the UK.

The Department of Statistics report said the expansion of international business and strong growth in financial intermediation services boosted growth, giving a GDP at the end of 2007 in current dollars of $5.85 billion.

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