Top 10 Richest Countries of the World

Taken from Global Finance website, the list is made according to a country’s Gross Domestic Product (GDP) based on purchasing power parity (PPP). According to the aforementioned website, it compares generalized differences in living standards on the whole between nations because PPP takes into account the relative cost of living and the inflation rates of countries, rather than using just exchange rates, which may distort the real differences in income. The indicator measures GDP converted to a common set of prices in a common currency (international dollars, also called Geary-Khamis dollars) so that real quantity comparisons can be made both between countries and over time.

Here are the top 10 countries and their corresponding GDP (PPP).

1. QATAR: 105,091.42

Image

2. LUXEMBOURG: 79,593.91

Image

3. SINGAPORE: 61,567.28

Image

4. NORWAY: 56,663.47

Image

5. BRUNEI DARUSSALAM: 55,111.20

Image

6. HONGKONG: 53,432.23

Image

7. UNITED STATES OF AMERICA: 51,248.21

Image

8. UNITED ARAB EMIRATES: 49,883.58

Image

9. SWITZERLAND: 46,474.95

Image

10. AUSTRALIA: 44,073.81

Image

Advertisements

~ by carlomer on April 21, 2014.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

 
%d bloggers like this: