Gross domestic product (GDP) is the market value of all final goods and services from a nation in a given year. Countries are sorted by nominal GDP estimates from financial and statistical institutions, which are calculated at market or government official exchange rates.Nominal GDP does not take into account differences in the cost of living in different countries, and the results can vary. Only four among the top 20 richest economies increased their GDP scores from 2020 to 2021 namely. .This article includes a list of countries by their forecast estimated GDP (PPP). Countries are sorted by GDP (PPP) forecast estimates from financial and statistical institutions that calculate using market or government official exchange rates.The data given on this page are based on the international dollar, a. List of per capita nominal GDP for countries and dependencies. International Monetary Fund (2021 estimates) World Bank (2019) United Nations (2019
With a GDP just under $450 billion, Nigeria holds the position of the richest country in Africa. The sizeable GDP is mainly driven by finance, transport, infrastructure, tourism, and an abundance of crude oil To see which countries have the most riches at their disposal, let's look at the rundown of Europe's top 20 richest countries by GDP per capita. 20. Slovenia - $36,566 GDP per capita The small but mighty sovereign state of Slovenia creeps onto our list at 20th position Iceland is one of the top 20 richest countries in the world. It has the 42nd GDP (PPP) globally which is estimated at $19.8 billion and its per capita income is estimated at $54,482. It is one of the richest countries in the world with a small population as the nation has full-time residents of 356,991 A leading position in many cutting-edge technological fields, deep capital markets, a flexible labor market and strong rule of law are all factors which make the United States one of the richest countries in the world in GDP per capita terms
The richest African countries by GDP per capita Seconly, let's have a look at the richest countries in Africa by GDP per capita: 1) Seychelles (GDP per capita - 9,666 USD GDP is the total market value of all final goods and services produced in a country in a given year. In the Nominal method, market exchange rates are used for conversion. With above one lakh USD, Luxembourg has the highest GDP (nominal) per capita globally in 2020 , which is ten times the world GDP per capita and over 400 times of lowest-ranked South Sudan of US$264 Twelve of the 25 richest countries are in Europe. The US and Canada also made the cut
When looking at GDP per capita— gross domestic product per person— the richest countries look a little different. According to the IMF, the ten richest countries in Africa, in terms of GDP per capita, are: Seychelles - $26,120 Mauritius - $22,03 But what do we mean when we say a country is rich, especially in an era of growing income inequality between the rich and everyone else? While gross domestic product (GDP) measures the value of all goods and services produced in a nation, dividing this output by the number of full-time residents is a better way of determining how rich or poor one country's population is relative to. Japan, with its population of 127,185,332, has the highest national debt in the world at 234.18% of its GDP, followed by Greece at 181.78%. Japan's national debt currently sits at ¥1,028 trillion ($9.087 trillion USD)
This dynamic graph presentation shows the Top 20 countries with highest GDP PPP from (1981 to 2023.) This ranking includes superpowers, such as United States.. © 2021 International Monetary Fund. All rights reserved 2. Switzerland GDP per capita: $94,696.13 GDP: $824.74 billion. Switzerland has the second highest GDP per capita and the 18th largest economy in the world . The US has a population of 310 million people and is the world's largest economy with a GDP of 18.57 trillion dollars. Its per capita income is $56,116 Mapped: The 25 Richest Countries in the World. Which are the richest countries in the world, by nominal GDP per capita? This map looks at the top 25 countries by this metric. They're located across North America, Europe, Asia, and Oceania. Notably, no South American or African countries make the list
Economy > GDP per capita in 1950: Countries Compared Map. Interesting observations about Economy > GDP per capita in 1950. 0. maddison's data is pretty close to this data. In that dataset, the UK would have been 7th in 1950. Posted on 06 Apr 2011. Michael Fitzgerald The list of the Richest Countries in the world in 2021 has slightly changed from last year due to the pandemic with some countries facing a notable drop in their GDP per capita. Autonomous regions and principalities like Monaco and Hong Kong are not mentioned in this list of wealthiest countries The richest countries in the world tend to have small population sizes. For example in Asia, China, India and Japan don't make it in the top 10. The US is not even close to being the richest country on a GDP per capita basis. Although the highest in the Americas at $67.4K, the US is only middle class across the entire world. Africa is.
. Africa is the world's second-largest continent and it comprises over 50 independent States -alternatively regarded as countries. Some people believe Africa constitutes the poorest continents but to contradict this notion, we have come up with the list of wealthiest countries in Africa By GDP Per Capita As of 2020, United States and China occupy first two places as the richest countries with highest GDP. On nominal basis, USA is in 1st position with 21.4 tri..
, you will be presented with the list which has a small country like Qatar on top, Luxembourg as second, Singapore as third, and so on GDP per capita is not simply about the median income or living standards of a particular country. While this is a very good, consistent and numerical way of comparing almost all countries, results can be heavily skewed by a small group of super-rich people or by the operation of large corporations in that country (such as in Ireland) With a GDP of $364.55 billion, Denmark ranks as the second richest democratic socialist country in Scandinavia after Norway. Its modern, mixed economy relies heavily on foreign trade. 80 percent of all jobs in the country are in the service sector, with another 11 percent in manufacturing and 2 percent in agriculture Conclusion On Top 10 Richest African Countries 2020- Population, Gdp And All You Need To Know. These wealthiest countries in Africa points to the investment capacity and tendencies of the continent. In the years to come Africa would become a significant player in the economic modalities of the entire world Seychelles is the richest country that is considered to be part of Africa. With a per-capita GDP of $25,893 in 2021, the island nation is buoyed by a strong tourism industry. Among countries on the continent itself, Equatorial Guinea is the richest
Interestingly, a number of countries with smaller population sizes have a high GDP per capita. For example, Iceland makes the top 10 at $57,189, but the island's population is only around 342,000 people. Similarly, Luxembourg's population is just under 633,000—but it's the richest country in the world on a per capita basis In yearly rankings of richest European countries by GDP per capita, Luxembourg has constantly appeared in the first position. As contained in human development index charts, Luxembourg remains Europe's richest country with an average income of $113,196 10. Ireland: In the list of 10 richest countries in the world, Ireland takes 10th place in this list. Ireland is an Island in the North Atlantic. The area of this country is approximate 84421 Km2 and the main language is English. The Gross Domestic Product (GDP) per capita is $53,841.8
But as for agriculture, it accounts for about 36 per cent of the country's GDP. 6. Niger - $1,153 GDP/capita; Don't confuse Niger with Nigeria or Naija. Niger is an African country, and Nigeria is another African country. And Nigeria which ranks as one of the richest countries in the continent, is also what's called Naija So these are the top 10 richest countries around the world as of year 2020 with the highest GDP (PPP) per capita. These countries are flourishing their trades through industrial work, tourism, and farming or even by natural reserves like natural gas, petroleum or crude oil What is the richest country in the world? We broke it down by the number 1. Luxembourg - $114,234 . Luxembourg has the highest per capita GDP of all countries on the continent, which makes it the richest country in Europe as well as the richest country in the world.Luxembourg has been stable for decades, and good governance has facilitated its economic development
Richest European Countries by GDP per capita. Information about Top Countries in Europe by GDP per capita (PPP) are shown from 1992 to 2019.The Richest Count.. Can you name the countries with the highest GDP per capita for each letter of the alphabet? by oldkent Plays Quiz Updated Jun 22, 2017 . Rate 5 stars Rate 4 stars Rate 3 stars Rate 2 stars Rate 1 star . Support Sporcle. Go Orange. Get the ad-free and most optimal, full. Here we discuss the ten richest countries in Africa in terms of GDP per capita, and the nature of their economies. All figures are from the 2017 International Monetary Fund data. Currently, Equatorial Guinea is the richest country in Africa, with a per capita income of $34,865. 10. Namibia - $11,528 Aerial View of Namibia's Capital Windhoek The country is Africa's largest crude oil exporter, recording production about 1,6 million barrels a day in December of 2019. Petroleum exports account for 10% of GDP and exceed 80% of export.
Top 10 African Countries With The Highest GDP And Strong Economy in 2019CREDITS: English EGYPT (Background song )Music by RAAL:https://soundcloud.com/oldraal.. A country's geographical location plays a huge role in stating a country's GDP. Most countries that are situated in areas that do well in production and trade do better economically compared to those that get hit by natural calamities such as drought. Below is a list of top 10 richest countries in the world by GDP Per Capita in 2020: 1. Qata
Amongst all richest countries in the world 2015 - Kuwait is the 5 th Richest Country. Kuwait has a small yet wealthy economy. Their crude oil reserves are about 102 billion barrels, which form above 6% of the world reserves. Kuwait has $70,913.56 per capita GDP. The country's economy is dominated by oil sector The Richest Countries In Europe 2021 1. Luxembourg - $110,697. Luxembourg has the highest per capita GDP of all countries on the continent, which makes it the richest country in Europe. Luxembourg covers the meager land area of 998 square miles and this outlines the fact that it is the European sovereign state with the smallest land area
Other countries that make it to our top 20 mostly depends on agricultural produce to boost their economy. In the table below are top 20 richest countries in Africa in the year 2020 as per their Gross Domestic Product (GDP) GDP per capita: $ 100,345. Singapore is the country with the highest percentage of millionaires in the world! Despite this, the wage gap between the richest and the poorest is very large. The economy of this city-state is based on international trade, tourism and oil refineries. 5. Brunei. GDP per capita: $ 79,53
GDP (nominal) per capita of 193 countries as of 2019 and 2020 by IMF. Changes in gdp per capita and their respective ranking of economies in 2020. Data from World bank and The World Factbook includes gdp per capita and year estimated for Countries with Highest GDP Growth 2020. Advertisement. Developing Asian and African countries lead with fastest GDP growth in the world. June 18, 2020 Author: Luca Ventura Project Coordinator: Binh P. Guyana combines natural beauty with impressive economic growth. You might have never heard of it, but. Top Countries With The Highest GDP - 2018. 17th October 2018 4th February 2019 Reshan Ponnamperuma. Are you aware of the largest economies in the world currently? Generally, the economy of a country is measured with its GDP. GDP stands for Gross Domestic Product
Qatar is one of the richest countries in the world with a GDP per capita of US$ 70,780. The Middle East country has a top-notch oil exploration industry with its oil accounting for more than 60% of its total revenue. With a population of 2 million people, the country has a huge GDP per capita. 7.Singapore. Another Asian country on the list is. GDP (Nominal) and GDP (PPP) of european countries by IMF. Changes in gdp, world rank and continent rank, % share in world economy and continent economy With a GDP of $4.9 trillion in 2018, Japan is No. 3 in the world, but its average income of $40,753 drops it to No. 4 on our list of wealthiest countries. Helping pull it back up from the low marks in average salary is its No. 6 ranking in SPI, thanks to high rankings in water and sanitation, access to basic knowledge, nutrition and medical care and shelter GDP Nominal (in characters) - $1,931,133,938,991 GDP (PPP) - $3.596 trillion Continent - South America Currency - Brazilian real Brazil has shown one of the largest growth rates in the World, as with an annual GDP growth rate of 5%.This country has a developing economy, as according to our research, it is in the 9th position in our list Top 10 GDP Ranking Countries in the World 2020. GDP refers to the domestic product of the year, or the total prices of goods and services produced in a country. But you might notice that our list of 10 Richest Countries in the World by 2015 GDP.
The country has a GDP per capita of $ 36897.87. The country has been able to thrive as result of stability in the country's political system, as well as a vibrant tourism sector. Hong Kong. Hong Kong is the 7th richest nation in the world according to GDP per capita. Hong is a highly industrialized country deriving its wealth from wealth. Traditionally, analysts have used Gross Domestic Product to measure the richest countries in the world. But New World Wealth says the traditional method is fallible and not accurate as a high GDP. Qatar is the richest country in the world. It has a total GDP of approximately $124,930 per person. The economy of this small middle eastern country is based on the export of crude oil
The top richest countries list have some really interesting contenders on them, which just goes to show that you don't have to be a big and mighty country to rake in the moolah. Or maybe, that's exactly why they can stay rich. Here are 20 of the richest countries in the world as calculated by GDP per capita. 20. Iceland- GDP: $48,07 This page displays a table with actual values, consensus figures, forecasts, statistics and historical data charts for - GDP Annual Growth Rate. This page provides values for GDP Annual Growth Rate reported in several countries. The table has current values for GDP Annual Growth Rate, previous releases, historical highs and record lows, release frequency, reported unit and currency plus links. In these countries, on average, the individual share of the gross domestic output amounts to $1,125. By contrast, in the top 10 richest nations this figure is close to $78,600. Two of the countries in our list are within the Sahel region, where persistent and widespread droughts cause food shortages and associated medical and social problems The GDP of this country is hugely making it the richest Arab country at present. That is the reason why the place is chosen to host the mega international events. The countries in the Arabian region have a great economy due to their natural wealth and also the advancements they have made over the years
The 10 Richest Countries In Africa 10 10 Libya GDP (PPP): $76.52 billion. Libya has dominated our headlines worldwide for the past few years, with their... 9 9 Ghana GDP (PPP): $82.65 billion. Ghana might be bringing up the rear of our list but not for long! It's among the... 8 8 Tunisia GDP (PPP):. Ranking List of Top 10 Richest Countries in the World 2016 - GDP Per Capita 1. Qatar. Having less than 2 million people and more than $182 billion GDP, Qatar holds the first spot in the ranking... 2. Luxembourg. Luxembourg stands among the most beautiful, peaceful and richest European countries. It. 1) Nigeria - Richest Country in Africa. As of the end of 2019, Nigeria holds the position of the richest country in Africa, with a GDP of almost $600B USD. Its 160-million people have helped the country propel itself to be the largest consumer retailer in Africa, along with its petroleum exports Different countries of the continent have different speciality in business and trade. The economy and GDP of the country is directly proportional to the trade carried out by the people of that country. The list given below will enhance your knowledge about the loaded top 10 richest Asian countries as of 2020
Nigeria's GDP amounted to 443 billion U.S. dollars in 2020 and records the highest gross domestic product in Africa. Egypt's GDP was worth 362 billion U.S. dollars and ranks as the second-highest. Ireland is the ninth wealthiest country in the world and the fourth wealthiest in Europe, with a GNI per capita just over $65,000. > 2013 GDP: $5.6 billion (157th out of 206 countries Every year there is an annual index that determines the richest countries in the world according to GDP per capita. If you think that the US is on top of this list, that's not true. In 2019, USA stands as the 8 th richest country in the world Essentially, GDP per capita acts as a metric for determining a country's economic output per each person living there. Often times, rich nations with smaller populations tend to have higher per capita GDP. Once you do the math, the wealth is spread among fewer people, which raises a country's GDP
A country like Japan has been able to sustain debt above 200% of GDP for more than a decade. While such a level of debt is certainly not healthy, just this year, Argentina and Ecuador—with debt ratios that are roughly half and a third of that—defaulted on their obligations GDP (nominal) per capita of Monaco: $168,000; both are microstates, have very small land area. Read More. Luxembourg, the richest country by per capita income while Moldova the least. Many top-ranked countries by wealth are located in the European Union. Five countries of Europe ranked in top ten of world's largest national economies in GDP.
Experts predicted that its GDP will continue to rise, which proved to be true as the latest data on GDP per capita per country suggests that Qatar is the richest country in the world in 2018 10. Burundi GDP per Capita: $724 Burundi is a landlocked country that comes last on our list of richest countries in East Africa. The country's neighbors are Rwanda, Tanzania, Democratic Republic of the Congo, and the country has Lake Tanganyika on its southwestern border. About 11,865,821 people call Burundi home The country has world's highest GDP nominal per capita and records world's lowest poverty rate. It is said to have world's highest number of millionaires and billionaires per capita. The economy is very stable as the country holds monopoly in various sectors like tobacco, postal service, gambling etc. Tourists are only allowed to take part in the casinos in the country There may be different ways by which finding the richest countries in Europe by 2015 GDP may be found but more often than not, it is measured by the Total Gross Domestic Product which is the GDP. The richest Caribbean countries. It's no secret that the tourism sector brings in the big bucks for small Caribbean islands. However, a country's GDP can depend on a lot more than that. Also, GDP isn't the only factor to take into consideration when ranking countries from richest to poorest. Nevertheless, the richest Caribbean country. Nigeria ranks very high on the list of the wealthiest countries in Africa. As a matter of fact, according to World Population Review, Nigeria is the second richest country in Africa this year based on its GDP. So it is not a surprise that such a nation as wealthy as Nigeria will have some states generating huge amounts of money annually