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A survey showed which are the richest countries in the world. To the surprise of many, the United States are not first. Read the article, see and understand how the ranking works.
A survey published by Austin Rating, based on the latest projections from the International Monetary Fund (IMF) for global growth in 2023, showed which are the richest countries considering the Gross Domestic Product (GDP) per capita of each nation.
Before showing the ranking, it is important to highlight that GDP, in general, is the sum of the wealth produced by the country in a year and represents how much that economy has grown and is thriving.
On the other hand, GDP per capita, used for the ranking, means the total of all goods and services produced divided by the number of inhabitants of that country. This number is often used as a measure to evaluate the well-being of the people living in that country.
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A Brazilian municipality relies on 97% federal money, has 14 secretariats, 11 councilors, and a budget of R$ 131 million, but only 915 people are formally employed, and no one knows how the other 25,000 live.
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Argentina steps on the accelerator to become a power with a $20 billion agreement, immediate release of $1 billion, reserves above $5.5 billion, and a decrease in poverty to 28.2%.
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Hong Kong leads the ranking of the most expensive fuel in the world and is suffering from a global crisis.
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Giant refrigerator arrives in Ceará with a new factory to slaughter 1,000 cattle per day and promises to shake up the livestock industry in the state.
Due to this different assessment method, not always the countries with the largest economies are necessarily the ones with the richest populations. Proof of this is that the country with the highest per capita wealth in the world, according to the survey, is the small Luxembourg, located between Germany, France, and Belgium.
After Luxembourg, the second is Ireland, followed by Switzerland. See the ranking:
- Luxembourg – US$ 135,605.44;
- Ireland – US$ 112,147;
- Switzerland – US$ 102,685;
- Norway – US$ 99,266;
- Singapore – US$ 87,884;
- Qatar – US$ 81,968;
- United States – US$ 80,412;
- Iceland – US$ 78,863;
- Denmark – US$ 71,402;
- Australia – US$ 63,487.
According to the study, this GDP per capita serves as a kind of thermometer that focuses on evaluating the wealth and income standard of a nation. However, this index faces criticism as it does not address the level of inequality in society.
Ranking of the Largest Economies (Annual GDP)
When it comes to GDP itself, the United States indeed lead. Behind the Americans are China and Germany. See:
- United States – US$ 26.95 trillion;
- China – US$ 17.7 trillion;
- Germany – US$ 4.43 trillion;
- Japan – US$ 4.23 trillion;
- India – US$ 3.73 trillion;
- United Kingdom – US$ 3.33 trillion;
- France – US$ 3.05 trillion;
- Italy – US$ 2.19 trillion;
- Brazil – US$ 2.13 trillion;
- Canada – US$ 2.12 trillion.
As can be seen, the two rankings show differences, with the most significant being observed in the United States and China. The first country is the richest, but in the per capita ranking, it appears in seventh place.
In China, this difference is even greater. While in the second ranking, China appears in second place, in the first, the Asian country’s position is number 75, which shows a poor distribution of wealth.
Brazil, which recently returned to the top 10 countries with the largest GDP, appears only in 82nd place, with an average of US$ 10,413 per year, when it comes to GDP per capita.
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