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The Richest Countries in the World

What tells us which country in the world is the richest country in the world? It is a common debate among analysts specialized in economics, but the most popular index when composing these juicy rankings is the Gross Domestic Product.

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What tells us which country in the world is the richest country in the world? It is a common debate among analysts specialized in economics, but the most popular index when composing these juicy rankings is the Gross Domestic Product. Did you miss that class in high school? That’s what we are for. GDP is the sum of the goods and services produced by a country in a given period of time, normally one year, and therefore in the top 10 (almost) always appear the same: large states with a great power of production.

What about the population of each country? And of his wealth distribution?

It has been the International Monetary Fund who has come to agree with the experts who do not believe that the Gross Domestic Product is an unbeatable indicator. The body published a few days ago the list of the richest countries in the world, ordering them according to a figure unknown to us that we do not dedicate ourselves to this: the purchasing power parity (PPP) per capita, which results from dividing the GDP among the population estimated from the state in question, taking into account the cost of living and inflation levels.

What is the difference between one ranking and another?

That in the one made from the PPP per capita, smaller countries with a smaller population appear than in those that only apply the Gross Domestic Product, and in which the United States, China and Germany tend to stand out. As noted in the portal ‘Business Insider’, many of these nations depend on the work of immigrants, who do not reside in that country or in which they are not registered as residents.
And after the theory, practice. Spain does not appear in the top 10, but its purchasing power parity per capita is around 40,000 dollars (around 34,300 euros) and position 35.

These are the 10 richest countries in the world according to the International Monetary Fund:

10. Hong Kong

It is a special administrative region of China.
PPP per capita: 64,533 dollars – 55,221 euros

9. Kuwait

PPP per capita: 66,673 dollars – 57,053 euros

8. United Arab Emirates

PPP per capita: 68,662 dollars – 58,768 euros

7. Norway

PPP per capita: $ 74,065 – € 63,692

6. Brunei

PPP per capita: 79,726 dollars – 68,246 euros

5. Ireland

PPP per capita: 79,924 dollars – 68,416 euros

4. Singapore

PPP per capita: $ 98,014 – 83,898 euros

3. Luxembourg

PPP per capita: $ 110,870 – 94,902 euros

2. Macao

It is another special administrative region of China.
PPP per capita: $ 122,489 – 104,868 euros

1. Qatar

PPP per capita: 128,702 dollars – 110,165 euros

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