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https://www.gfmag.com/global-data/economic-data/worlds-richest-and-poorest-countries
To rank the world’s richest and poorest countries for 2016, we consider GDP per capita, adjusted for relative purchasing power.
A gargoyle looms over Paris. France has known great poverty and great wealth in her history.
WHAT DOES IT MEAN FOR A NATION TO BE RICH?
What do we mean when we apply terms like “richest” and “poorest” to entire countries? If one simply considers gross domestic product (GDP)—the total value of goods and services produced within each nation—then the richest five countries in the world are, in order, the United States, China, Germany, Japan and the UK. Yet those rankings don’t tell us much about relative living conditions.
Similarly, the poorest five are, in order, Tuvalu, Nauru, Kiribati, the Marshall Islands, and Palau. These countries yield little in annual production largely because they are so very very small—no more than dots in the Pacific Ocean on a world map. Again, aggregate numbers don’t tell us much about living conditions.
A more accurate picture of living conditions begins with dividing the total production by the number of people, to look at GDP per capita. Per capita GDP tells a little more about how much wealth might be available to each individual person. Still, what about currency fluctuations? Or the varying cost of necessary items such as food, clothing and shelter? To know whether a country’s citizens are wealthy, we want to understand how much they are able to buy. Thus, a final adjustment factors in purchasing power.
Our tables of the World's Richest and Poorest Countries for 2016 use IMF data for per capita GDP, adjusted for purchasing power parity (PPP). GDP-PPP makes for a better comparison of living standards, because PPP takes into account cost of living and inflation rates, rather than just exchange rates, which may distort the real differences in income. This is the measure most economists prefer for comparing living conditions and economic strength across countries.
Values are expressed in current international dollars, to the nearest whole dollar, reflecting a single year's (2016) currency exchange rates and PPP adjustments.
Ranking/Country/2016 International Dollars
1 Qatar 129,726
2 Luxembourg 101,936
3 Macao 96,147
4 Singapore 87,082
5 Brunei Darussalam 79,710
6 Kuwait 71,263
7 Ireland 69,374
8 Norway 69,296
9 United Arab Emirates 67,696
10 San Marino 64,443
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
31 Equatorial Guinea 38,699
32 Korea 37,947
33 Malta 37,891
34 Puerto Rico 37,722
35 New Zealand 37,108
36 Spain 36,451
37 Italy 36,313
38 Israel 34,833
39 Cyprus 34,386
40 Czech Republic 33,223
41 Slovenia 32,027
42 Trinidad and Tobago 31,933
43 Slovak Republic 31,182
44 Lithuania 29,881
45 Estonia 29,501
46 Portugal 28,515
47 Seychelles 28,148
48 Poland 27,714
49 Malaysia 27,234
50 Hungary 27,210
51 Greece 26,809
52 Russia 26,109
53 Latvia 25,740
54 Kazakhstan 25,669
55 St. Kitts and Nevis 25,371
56 The Bahamas 24,617
57 Antigua and Barbuda 24,050
58 Chile 23,969
59 Panama 22,788
60 Croatia 22,415
61 Romania 22,319
62 Uruguay21,570
63 Turkey 21,146
64 Mauritius 20,524
65 Argentina 20,170
66 Bulgaria 20,116
67 Gabon 19,252
68 Mexico 18,864
69 Lebanon 18,524
70 Iran 18,135
71 Azerbaijan 17,688
72 Belarus 17,496
73 Turkmenistan 17,347
74 Barbados 17,136
75 Montenegro 17,035
76 Botswana 16,947 (wow!!!)
77 Thailand 16,835
78 Iraq 16,543
79 Costa Rica 16,141
80 Dominican Republic 15,945
81 China 15,423
82 Maldives 15,287
83 Palau 15,260
84 Brazil 15,211
85 Suriname 15,179
86 Venezuela 15,102
87 Algeria 14,949
88 Macedonia 14,530
89 Libya 14,236
90 Serbia 14,226
91 Colombia 14,161
92 Grenada 14,102
93 South Africa 13,179
94 Peru 13,018
95 Mongolia 12,161
96 Egypt 12,137
97 St. Lucia 11,970
98 Albania 11,860
99 Namibia 11,756
100 Indonesia 11,699
101Tunisia 11,656
102 Dominica 11,484
103 St. Vincent and the Grenadines 11,266
104 Sri Lanka 11,189
105 Jordan 11,124
106 Ecuador 11,036
107 Bosnia and Herzegovina 11,034
108 Georgia 10,099
109 Swaziland 9,768
110 Paraguay 9,353
111 Fiji 9,353
112 Jamaica 8,973
113 El Salvador 8,914
114 Armenia 8,881
115 Morocco 8,359
116 Ukraine 8,229
117 Belize 8,185
118 Bhutan 8,129
119 Guatemala 7,937
120 Guyana 7,919
121 Philippines 7,696
122 Bolivia 7,190
123 Angola 6,844
124 Republic of Congo 6,786
125 Cabo Verde 6,743
126 India 6,658
127 Uzbekistan 6,452
128 Vietnam 6,421
129 Myanmar 5,953
130 Nigeria 5,929
131 Laos 5,718
132 Samoa 5,368
133 Tonga 5,332
134 Nicaragua 5,280
135 Honduras 5,264
136 Moldova 5,217
137 Pakistan 5,120
138 Sudan 4,452
139 Mauritania 4,404
140 Ghana 4,380
141 Timor-Leste 4,186
142 Zambia 3,898
143 Bangladesh 3,890
144 Cambodia 3,735
145 Côte d'Ivoire 3,581
146 Tuvalu 3,566
147 Papua New Guinea 3,542
148 Kyrgyz Republic 3,467
149 Djibouti 3,369
150 Kenya 3,360
151 São Tomé and Príncipe 3,344
152 Cameroon 3,260
153 Marshall Islands 3,239
154 Lesotho 3,107
155 Tanzania 3,097
156 Micronesia 3,032
157 Tajikistan 2,982
158 Vanuatu 2,631
159 Chad 2,580
160 Senegal 2,578
161 Yemen 2,521
162 Nepal 2,480
163 Mali 2,264
164 Benin 2,184
165 Uganda 2,066
166 Solomon Islands 1,995
167 Afghanistan 1,957
168 Zimbabwe 1,953
169 Ethiopia 1,916
170 Rwanda 1,905
171 Kiribati 1,820
172 Burkina Faso 1,790
173 Haiti 1,784
174 South Sudan 1,670
175 The Gambia 1,664
176 Sierra Leone 1,651
177 Guinea-Bissau 1,568
178 Togo 1,545
179 Comoros 1,529
180 Madagascar 1,504
181 Eritrea 1,321
182 Guinea 1,271
183 Mozambique 1,228
184 Malawi 1,139
185 Niger 1,113
186 Liberia 882
187 Burundi 818
188 Democratic Republic of the Congo 784
189 Central African Republic 656
To rank the world’s richest and poorest countries for 2016, we consider GDP per capita, adjusted for relative purchasing power.
A gargoyle looms over Paris. France has known great poverty and great wealth in her history.
WHAT DOES IT MEAN FOR A NATION TO BE RICH?
What do we mean when we apply terms like “richest” and “poorest” to entire countries? If one simply considers gross domestic product (GDP)—the total value of goods and services produced within each nation—then the richest five countries in the world are, in order, the United States, China, Germany, Japan and the UK. Yet those rankings don’t tell us much about relative living conditions.
Similarly, the poorest five are, in order, Tuvalu, Nauru, Kiribati, the Marshall Islands, and Palau. These countries yield little in annual production largely because they are so very very small—no more than dots in the Pacific Ocean on a world map. Again, aggregate numbers don’t tell us much about living conditions.
A more accurate picture of living conditions begins with dividing the total production by the number of people, to look at GDP per capita. Per capita GDP tells a little more about how much wealth might be available to each individual person. Still, what about currency fluctuations? Or the varying cost of necessary items such as food, clothing and shelter? To know whether a country’s citizens are wealthy, we want to understand how much they are able to buy. Thus, a final adjustment factors in purchasing power.
Our tables of the World's Richest and Poorest Countries for 2016 use IMF data for per capita GDP, adjusted for purchasing power parity (PPP). GDP-PPP makes for a better comparison of living standards, because PPP takes into account cost of living and inflation rates, rather than just exchange rates, which may distort the real differences in income. This is the measure most economists prefer for comparing living conditions and economic strength across countries.
Values are expressed in current international dollars, to the nearest whole dollar, reflecting a single year's (2016) currency exchange rates and PPP adjustments.
Ranking/Country/2016 International Dollars
1 Qatar 129,726
2 Luxembourg 101,936
3 Macao 96,147
4 Singapore 87,082
5 Brunei Darussalam 79,710
6 Kuwait 71,263
7 Ireland 69,374
8 Norway 69,296
9 United Arab Emirates 67,696
10 San Marino 64,443
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
31 Equatorial Guinea 38,699
32 Korea 37,947
33 Malta 37,891
34 Puerto Rico 37,722
35 New Zealand 37,108
36 Spain 36,451
37 Italy 36,313
38 Israel 34,833
39 Cyprus 34,386
40 Czech Republic 33,223
41 Slovenia 32,027
42 Trinidad and Tobago 31,933
43 Slovak Republic 31,182
44 Lithuania 29,881
45 Estonia 29,501
46 Portugal 28,515
47 Seychelles 28,148
48 Poland 27,714
49 Malaysia 27,234
50 Hungary 27,210
51 Greece 26,809
52 Russia 26,109
53 Latvia 25,740
54 Kazakhstan 25,669
55 St. Kitts and Nevis 25,371
56 The Bahamas 24,617
57 Antigua and Barbuda 24,050
58 Chile 23,969
59 Panama 22,788
60 Croatia 22,415
61 Romania 22,319
62 Uruguay21,570
63 Turkey 21,146
64 Mauritius 20,524
65 Argentina 20,170
66 Bulgaria 20,116
67 Gabon 19,252
68 Mexico 18,864
69 Lebanon 18,524
70 Iran 18,135
71 Azerbaijan 17,688
72 Belarus 17,496
73 Turkmenistan 17,347
74 Barbados 17,136
75 Montenegro 17,035
76 Botswana 16,947 (wow!!!)
77 Thailand 16,835
78 Iraq 16,543
79 Costa Rica 16,141
80 Dominican Republic 15,945
81 China 15,423
82 Maldives 15,287
83 Palau 15,260
84 Brazil 15,211
85 Suriname 15,179
86 Venezuela 15,102
87 Algeria 14,949
88 Macedonia 14,530
89 Libya 14,236
90 Serbia 14,226
91 Colombia 14,161
92 Grenada 14,102
93 South Africa 13,179
94 Peru 13,018
95 Mongolia 12,161
96 Egypt 12,137
97 St. Lucia 11,970
98 Albania 11,860
99 Namibia 11,756
100 Indonesia 11,699
101Tunisia 11,656
102 Dominica 11,484
103 St. Vincent and the Grenadines 11,266
104 Sri Lanka 11,189
105 Jordan 11,124
106 Ecuador 11,036
107 Bosnia and Herzegovina 11,034
108 Georgia 10,099
109 Swaziland 9,768
110 Paraguay 9,353
111 Fiji 9,353
112 Jamaica 8,973
113 El Salvador 8,914
114 Armenia 8,881
115 Morocco 8,359
116 Ukraine 8,229
117 Belize 8,185
118 Bhutan 8,129
119 Guatemala 7,937
120 Guyana 7,919
121 Philippines 7,696
122 Bolivia 7,190
123 Angola 6,844
124 Republic of Congo 6,786
125 Cabo Verde 6,743
126 India 6,658
127 Uzbekistan 6,452
128 Vietnam 6,421
129 Myanmar 5,953
130 Nigeria 5,929
131 Laos 5,718
132 Samoa 5,368
133 Tonga 5,332
134 Nicaragua 5,280
135 Honduras 5,264
136 Moldova 5,217
137 Pakistan 5,120
138 Sudan 4,452
139 Mauritania 4,404
140 Ghana 4,380
141 Timor-Leste 4,186
142 Zambia 3,898
143 Bangladesh 3,890
144 Cambodia 3,735
145 Côte d'Ivoire 3,581
146 Tuvalu 3,566
147 Papua New Guinea 3,542
148 Kyrgyz Republic 3,467
149 Djibouti 3,369
150 Kenya 3,360
151 São Tomé and Príncipe 3,344
152 Cameroon 3,260
153 Marshall Islands 3,239
154 Lesotho 3,107
155 Tanzania 3,097
156 Micronesia 3,032
157 Tajikistan 2,982
158 Vanuatu 2,631
159 Chad 2,580
160 Senegal 2,578
161 Yemen 2,521
162 Nepal 2,480
163 Mali 2,264
164 Benin 2,184
165 Uganda 2,066
166 Solomon Islands 1,995
167 Afghanistan 1,957
168 Zimbabwe 1,953
169 Ethiopia 1,916
170 Rwanda 1,905
171 Kiribati 1,820
172 Burkina Faso 1,790
173 Haiti 1,784
174 South Sudan 1,670
175 The Gambia 1,664
176 Sierra Leone 1,651
177 Guinea-Bissau 1,568
178 Togo 1,545
179 Comoros 1,529
180 Madagascar 1,504
181 Eritrea 1,321
182 Guinea 1,271
183 Mozambique 1,228
184 Malawi 1,139
185 Niger 1,113
186 Liberia 882
187 Burundi 818
188 Democratic Republic of the Congo 784
189 Central African Republic 656
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