The World's Richest and Poorest Countries

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Rankings are based on the GDP (PPP) of a country, which compares the generalized differences in the cost of living and standards between countries.

NOVEMBER 01, 2015

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

Wednesday, February 3, 2016