#richestcountries #richestcountriesintheworld
#richcountries
top 10 richest countries in the world for the year 2024.
When you think of the wealthiest countries in the world, you are probably taking the GDP per capita by country into account. In this video, we list the top 10 richest countries in the world based on GDP per capita, as estimated by International Monetary Fund (IMF).
Methodology for ranking richest countries in the world
GDP, or the gross domestic product, is a parameter for the value of all goods and services produced in a country. Now, once you divide this number by the number of full-time residents in a country, you get an idea of how rich or poor a country’s general populace is. However, what gives a much more precise idea of the wealth held by a nation is when you also take into account the inflation rates and costs of local products and services.
Considering both factors, we get a figure called the PPP or the purchasing power parity. While this may still not be absolute statistics to accurately rank the richest and poorest countries in the world (for instance, some of the wealthiest countries can be tax havens, which artificially increases their GDPs with wealth generated outside of these countries), the GDP per capita ranking 2023 (accounting for PPP) still gets us close to understanding the wealth held by various nations.
When you go by GDP per capita PPP, these 10 countries come up as the richest :
Rank & Country
Continent GDP-PPP per capita (in USD)
1 Luxembourg 143,320
2 Ireland 137,640
3 Singapore 133,110
4 Qatar 114,210
5 Macao SAR 98,160
6 Switzerland 89,540
7 United Arab Emirates (UAE) 88,960
8 San Marino 84,140
9 Norway 82,240
10 United States 80,410
Let's see where these nations stand, holding the richest country batch on the World’s map
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11 янв 2024
