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Monday, March 06, 2017

The 30 Richest Countries In The World


Some of the smallest countries in the world continue to dominate the list of the world's richest countries, an analysis by Global Finance Magazine shows.

The ranking was published in February 2017 and based on data from the International Monetary Fund.

The magazine ranked the world's countries according to their gross domestic product (GDP) based on purchasing power parity (PPP) per capita.

The PPP takes into account the relative cost of living and the inflation rates of the countries to compare living standards among the different nations.

The small countries that dominate the top ten all have small populations compared to countries that lead the world purely in terms of GDP — such as the United States, China, or Germany.

Most of these small nations heavily depend on immigrant workers who often do not reside in the country they are working in or are not granted resident status, and are therefore not counted in the GDP per capita calculations.

15 of the 30 richest countries in the world are in Europe, while big some big economies such as the US, Japan, and Canada also made the cut.

The GDP per capita listed represents the amount of wealth produced in 2016 and is expressed in international dollars.

1. Qatar

Current International Dollars:  129,512

2. Luxembourg

Current International Dollars:  100,991

3. Macao

Current International Dollars:  87,845

4. Singapore

Current International Dollars:  86,854

5. Brunei Darussalam

Current International Dollars:  77,662

6. Kuwait

Current International Dollars:  70,587

7. Ireland

Current International Dollars:  69,374

8. Norway

Current International Dollars:  69,031

9. United Arab Emirates

Current International Dollars:  67,947

10. San Marino

Current International Dollars:  64,465

Others are:

11

Switzerland

59,375

12

Hong Kong

58,094

13

United States

57,293

14

Saudi Arabia

54,078

15

Netherlands

50,846

16

Bahrain

50,302

17

Sweden

49,678

18

Australia

48,806

19

Germany

48,189

20

Iceland

48,070

21

Austria

47,856

22

Taiwan

47,790

23

Denmark

46,602

24

Canada

46,239

25

Belgium

44,881

26

Oman

43,737

27

United Kingdom

42,513

28

France

42,384

29

Finland

41,812

30

Japan

38,893

And of course, Nigeria, the most populated country in Africa is rated 130th with Current International Dollars worth 5,929.


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