Luxembourg is the least populated country in the European Union, with only 465,000 inhabitants. It is also the 20th smallest of the 194 independent countries in the world. Luxembourg is the country with the highest nominal GDP per capita in the world. At US$ 115,000 in 2011, Luxembourg's GDP per capita was almost 3 times higher than the EU average. Even adjusted for purchasing power parity (PPP) it remains the world's highest after Qatar's.