The World's Richest and Poorest Countries 2022

Would you preferably be rich in a poor country or poor in a rich one? Measuring how rich a country is is not that easy (spoiler: it is not just about GDP). Measuring how rich you're depending to a large degree on how rich and poor countries are defined.

If we simply consider a nation's gross domestic product—the sum of all goods and services produced by a rustic during one year—then we would have to conclude that the richest nations are exactly the ones with the largest GDP: the United States, China, Japan, and Germany. But how could the economies, for instance , of Singapore or Luxembourg ever match that of such powerhouses once they are no more than small dots on the world map?

Also read ✅ તમારું લાઈટ બિલ ચેક કરી ઓનલાઈન સરળતાથી પેમેન્ટ કરી શકો છો

Another problem with GDP is that it doesn't measure wealth distribution. that's why a more accurate representation of people’s living conditions begins with dividing a nation's GDP by the number of people that live there: per capita GDP and its growth rate tell us much more about the social wealth potentially available to each person and whether this wealth is either increasing or decreasing over time.

However, using per capita GDP still poses a problem: the exact same income can buy very little in some countries and go much further in others where basic necessities—food, clothing, shelter, or healthcare—cost far less. to measure how wealthy a country’s citizens are it is necessary to understand how much they can buy. that's why, when comparing per capita GDP across countries, GDP should be adjusted for purchasing power parity, which helps us take under consideration the inflation rates and the price of goods and services in each given place.

Also read 🚗કોઈ પણ વાહન કોના નામે છે તે ચેક કરવા માટે 

When considering whether it's better to be rich in a poor country or poor in a rich one, the simplest chance of enjoying a superior standard of living is to reside in a richer nation no matter where a person falls on the income distribution scale. but , wealth for a few without a good measure of equality for everyone is problematic, to mention the least. The coronavirus pandemic proved it most strikingly. Low-income workers, often migrants, living in some very wealthy nations suddenly found themselves unemployed, homeless, and stranded without much of a security net. Many less affluent nations, within the meantime, bent over backward to require care of all those in need during the crisis.

Because energy and food are essential goods with few substitutes, higher prices are particularly painful for low-income households, the IMF writes in World Economic Outlook July 2022 update: “When the worth of other items, like electronics, furniture, or entertainment, increases, families can simply reduce or maybe eliminate spending on them. For food, heating, and transportation—often essential to earn a living—this is far harder.” As a result, IMF economists say the present situation poses a threat to both economic and social stability.

આપણ વાંચો 🎓 તમારા ગામ અને તાલુકા ની Gujarat BPL, AAY, APL 1, APL 2, , NFSA, Non NFSA Rationની નવી યાદી

This is why, within the long run, it's better not only to be rich but to be egalitarian as well. an excessive amount of economic inequality stifles growth for all, political instability is more likely, healthcare care costs and mortality rates are higher, then are crime and corruption rates. Being rich during a poor country also has costs.

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Rank	Country	GDP-PPP ($)
1	Luxembourg	140,694
2	Singapore	131,580
3	Ireland	124,596
4	Qatar	112,789
5	Macao SAR	85,611
6	Switzerland	84,658
7	United Arab Emirates	78,255
8	Norway	77,808
9	United States	76,027
10	Brunei Darussalam	74,953
11	Hong Kong SAR	70,448
12	San Marino	70,139
13	Denmark	69,273
14	Taiwan Province of China	68,730
15	Netherlands	68,572
16	Austria	64,571
17	Iceland	64,621
18	Andorra	63,600
19	Germany	63,271
20	Sweden	62926
21	Australia	61,941
22	Belgium	61,587
23	Finland	58,010
24	Canada	57,812
25	Bahrain	57,424
26	France	56,036
27	Saudi Arabia	55,368
28	United Kingdom	55,301
29	Malta	54,647
30	South Korea	53,051
31	Kuwait	50,919
32	New Zealand	50,411
33	Italy	50,216
34	Israel	50,204
35	Japan	48,814
36	Slovenia	48,534
37	Cyprus	48,443
38	Czech Republic	47527
39	Lithuania	46,479
40	Spain	46,413
41	Estonia	44,778
42	Puerto Rico	42,759
43	Poland	41,685
44	Hungary	40,944
45	Portugal	40,805
46	The Bahamas	40,274
47	Aruba	39,508
48	Slovak Republic	38,620
49	Guyana	38,258
50	Turkey	37,488
51	Latvia	37,330
52	Romania	36,622
53	Croatia	36,201
54	Panama	36,085
55	Greece	35,596
56	Oman	35,286
57	Seychelles	35,272
58	Malaysia	32,901
59	Kazakhstan	30,502
60	Russia	30,013
61	Trinidad and Tobago	29,884
62	Maldives	29,133
63	Bulgaria	29,593
64	Chile	28,526
65	St. Kitts and Nevis	27,608
66	Uruguay	26,663
67	Argentina	25,882
68	Mauritius	25,043
69	Montenegro	24,878
70	Costa Rica	24,490
71	Dominican Republic	23,983
72	Serbia	23,904
73	Mexico	22,216
74	Antigua and Barbuda	21,890
75	Belarus	21,686
76	China	21,364
77	Thailand	21,057
78	North Macedonia	19,726
79	Botswana	19,287
80	Equatorial Guinea	19,036
81	Turkmenistan	18,857
82	Georgia	18,594
83	Libya	18,345
84	Iran	18,332
85	Grenada	18,293
86	Colombia	18,225
87	Gabon	17,848
88	Bosnia and Herzegovina	17,471
89	Barbados	17,408
90	Albania	17,383
91	Suriname	17,300
92	Brazil	17,208
93	Azerbaijan	17,153
94	Moldova	16,719
95	St. Lucia	16,509
96	Armenia	15,818
97	St. Vincent and the Grenadines	15,505
98	Sri Lanka	15,387
99	South Africa	15,361
100	Peru	15,035
101	Egypt	14,928
102	Indonesia	14,535
103	Dominica	14,491
104	Paraguay	14,430
105	Kosovo	13,964
106	Palau	13,652
107	Fiji	13,598
108	Mongolia	13,350
109	Algeria	13,002
110	Bhutan	12,967
111	Vietnam	12,881
112	Ecuador	12,664
113	Tunisia	12,300
114	Iraq	12,141
115	Jordan	11,861
116	Jamaica	11,802
117	Nauru	10,750
118	El Salvador	10,581
119	Namibia	10,448
120	Eswatini	10,411
121	Philippines	10,237
122	Guatemala	9,911
123	Bolivia	9,856
124	Uzbekstian	9,243
125	Lao P.D.R.	9,184
126	Morocco	9,041
127	India	8,358
128	Cabo Verde	7,740
129	Angola	7,360
130	Belize	7,147
131	Nicaragua	7,071
132	Mauritania	6,920
133	Tonga	6,783
134	Ghana	6,754
135	Honduras	6,740
136	Djibouti	6,667
137	Bangladesh	6,633
138	Pakistan	6,470
139	Côte d'Ivoire	6,345
140	West Bank and Gaza	6,243
141	Kenya	6,061
142	Venezuela	5,949
143	Samoa	5,935
144	Nigeria	5,853
145	Tuvalu	5,798
146	Kyrgyz Republic	5,562
147	Cambodia	5,493
148	Myanmar	4,776
149	São Tomé and Príncipe	4,681
150	Tajikistan	4,630
151	Nepal	4,578
152	Republic of Congo	4,578
153	Sudan	4,442
154	Cameroon	4,398
155	Papau New Guinea	4,299
156	Marshall Islands	4,192
157	Benin	4,137
158	Senegal	4,093
159	Zambia	3,776
160	Micronesia	3,650
161	Ethiopia	3,407
162	Tanzania	3,358
163	Comoros	3,555
164	Timor-Leste	3,339
165	Haiti	3,189
166	Lesotho	3,034
167	Guinea	3,029
168	Uganada	2,961
169	Vanuatu	2,851
170	Rwanda	2,808
171	Guinea-Bissau	2,784
172	Burkina Faso	2,663
173	The Gambia	2,646
174	Togo	2,599
175	Mali	2,575
176	Zimbabwe	2,523
177	Solomon Islands	2,385
178	Kiribati	2,148
179	Eritrea	2,101
180	Yemen	2,078
181	Sierra Leone	1,958
182	Liberia	1,779
183	Madagascar	1,778
184	Chad	1,705
185	Malawi	1,603
186	Mozambique	1,439
187	Niger	1,435
188	Somalia	1,322
189	Democratic Republic of the Congo	1,316
190	Central African Republic	1,102
191	South Sudan	928
192	Burundi	856
—	Afghanistan, Lebanon, Syria, Ukraine	N.A.