Wednesday, February 3, 2016

The World's Richest and Poorest Countries

Rankings are based on the GDP (PPP) of a country, which compares the generalized differences in the cost of living and standards between countries.
 
Author: VALENTINA PASQUALI 
Project Coordinator: S.J. Yun

INTRODUCTION

Overall, there are two standard methods of defining the richest countries in the world. One takes into account the economies that are the largest, as measured by total gross domestic product (GDP). However, the most commonly accepted definition of the wealthiest countries is to determine how rich the average resident of a country is. For this reason, the best method is to use GDP data per capita.
Moreover, using a PPP (purchasing power parity) basis is arguably more useful when comparing generalized differences in living standards on the whole between nations. This is because PPP takes into account the relative cost of living and the inflation rates of the countries, rather than using just exchange rates, which may distort the real differences in income. This is the measure most economists prefer when looking at per-capita wealth and when comparing economic strength between countries and living conditions or use of resources across countries.
Values are expressed in current international dollars, reflecting a single year's (the current year) currency exchange rates and PPP adjustments.

Ranking

Country

2015 International
Dollars

1
Qatar
146,011.85
2
Luxembourg
94,167.01
3
Singapore
84,821.40
4
Brunei Darussalam
80,335.27
5
Kuwait
71,600.96
6
Norway
67,619.10
7
United Arab Emirates
67,201.88
8
Hong Kong
57,676.79
9
United States
57,045.46
10
Switzerland
56,815.63
11
Saudi Arabia
56,253.43
12
Bahrain
52,830.01
13
Netherlands
48,797.89
14
Ireland
48,786.91
15
Australia
48,288.43
16
Austria
46,906.12
17
Sweden
46,386.42
18
Germany
46,165.86
19
Taiwan, Province Of China
45,996.57
20
Canada
45,981.99
21
Denmark
45,800.36
22
Oman
44,903.66
23
Iceland
44,575.14
24
Belgium
42,923.15
25
France
41,396.01
26
Finland
41,393.81
27
United Kingdom
39,224.92
28
Japan
38,797.39
29
Korea, Republic Of
37,413.01
30
New Zealand
36,342.72
31
Italy
35,228.02
32
Spain
34,228.87
33
Israel
34,162.24
34
Malta
32,977.12
35
Trinidad And Tobago
32,346.41
36
Slovenia
30,266.44
37
Equatorial Guinea
29,735.42
38
Czech Republic
29,658.73
39
Slovak Republic
28,887.72
40
Cyprus
28,329.38
41
Lithuania
28,245.32
42
Estonia
27,729.44
43
Portugal
27,180.22
44
Greece
27,008.05
45
Malaysia
25,833.20
46
Bahamas
25,793.62
47
Poland
25,703.48
48
Seychelles
25,624.02
49
Hungary
25,406.32
50
Kazakhstan
25,367.27
51
Russian Federation
25,350.86
52
Latvia
25,195.47
53
Chile
24,170.03
54
Antigua And Barbuda
23,071.33
55
Gabon
22,878.98
56
Argentina
21,924.29
57
Panama
21,634.56
58
Uruguay
21,387.31
59
Saint Kitts And Nevis
21,073.34
60
Croatia
20,873.01
61
Romania
20,355.72
62
Turkey
20,299.39
63
Libyan Arab Jamahiriya
19,182.46
64
Azerbaijan
18,913.51
65
Belarus
18,882.48
66
Mauritius
18,836.44
67
Mexico
18,714.05
68
Lebanon
18,358.02
69
Bulgaria
17,869.22
70
Venezuela, Bolivarian Republic Of
17,787.39
71
Suriname
17,502.96
72
Iran, Islamic Republic Of
16,918.28
73
Botswana
16,758.31
74
Barbados
16,500.31
75
Montenegro
15,996.01
76
Palau
15,839.60
77
Turkmenistan
15,837.26
78
Costa Rica
15,534.03
79
Brazil
15,518.77
80
Thailand
15,319.51
81
Algeria
14,802.35
82
Colombia
14,164.43
83
China
13,992.69
84
Macedonia, FYR
13,901.13
85
Iraq
13,817.09
86
Dominican Republic
13,347.97
87
South Africa
13,078.00
88
Maldives
12,987.71
89
Serbia
12,971.49
90
Peru
12,638.84
91
Jordan
12,397.90
92
Grenada
12,091.83
93
Tunisia
11,896.99
94
Ecuador
11,839.19
95
Albania
11,688.93
96
Egypt, Arab Republic
11,443.89
97
Saint Lucia
11,432.50
98
Saint Vincent And The Grenadines
11,380.20
99
Namibia
11,361.12
100
Sri Lanka
11,155.84
101
Mongolia
11,051.67
102
Dominica
11,029.40
103
Indonesia
10,759.18
104
Bosnia And Herzegovina
10,359.60
105
Jamaica
8,941.65
106
Paraguay
8,776.30
107
Angola
8,573.33
108
Fiji
8,553.95
109
Ukraine
8,493.56
110
Belize
8,338.99
111
El Salvador
8,275.84
112
Bhutan
8,252.83
113
Georgia
8,222.77
114
Morocco
8,097.23
115
Swaziland
8,053.70
116
Armenia
7,748.05
117
Guatemala
7,704.20
118
Philippines
7,412.24
119
Timor Leste
7,388.46
120
Guyana
7,279.77
121
Congo, Rep.
7,038.16
122
Cape Verde
6,569.82
123
Bolivia
6,530.17
124
Nigeria
6,467.23
125
India
6,176.29
126
Viet Nam
5,983.24
127
Uzbekistan
5,963.77
128
Lao People'S Democratic Republic
5,357.17
129
Samoa
5,355.84
130
Tonga
5,274.12
131
Myanmar
5,207.68
132
Moldova
5,091.05
133
Nicaragua
5,018.76
134
Pakistan
4,943.26
135
Honduras
4,849.30
136
Sudan
4,655.06
137
Zambia
4,345.33
138
Ghana
4,338.27
139
Yemen
3,992.87
140
Bangladesh
3,631.19
141
Mauritania
3,587.92
142
Kyrgyz Republic
3,581.33
143
Cambodia
3,533.63
144
Sao Tome And Principe
3,306.66
145
Kenya
3,304.48
146
Marshall Islands
3,292.47
147
Micronesia, Federated States Of
3,285.14
148
Djibouti
3,181.68
149
Cameroon
3,116.66
150
Lesotho
3,110.64
151
Côte D'Ivoire
3,096.65
152
Papua New Guinea
2,856.67
153
Tajikistan
2,830.14
154
Chad
2,805.09
155
Vanuatu
2,609.13
156
Nepal
2,516.94
157
Senegal
2,398.26
158
South Sudan
2,374.36
159
Sierra Leone
2,284.06
160
Zimbabwe
2,106.83
161
Tanzania
2,054.32
162
Afghanistan
2,051.05
163
Benin
1,957.78
164
Solomon Islands
1,877.21
165
Gambia
1,849.99
166
Haiti
1,846.12
167
Uganda
1,836.02
168
Burkina Faso
1,824.62
169
Rwanda
1,782.46
170
Comoros
1,735.13
171
Ethiopia
1,656.44
172
Kiribati
1,640.76
173
Mali
1,614.10
174
Togo
1,525.64
175
Guinea-Bissau
1,491.19
176
Madagascar
1,477.78
177
Guinea
1,388.74
178
Eritrea
1,210.15
179
Mozambique
1,208.61
180
Niger
1,069.59
181
Burundi
951.098
182
Liberia
934.095
183
Malawi
819.688
184
Congo, Dem. Rep.
753.907
185
Central African Republic
639.937
Article source_GFMAG.COM

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