₦airaland Forum

Many of the world’s richest countries are also the world’s smallest: the pandemic, the global economic slowdown and geopolitical turmoil have barely made a dent in their huge wealth.

What do people think when they think about the world’s richest countries? And what comes to mind when they think about the world’s smallest countries? Many people would probably be surprised to find that many of the planet’s wealthiest nations are also among the tiniest.

Some very small and very rich countrieslike San Marino, Luxembourg, Switzerland and Singaporebenefit from having sophisticated financial sectors and tax regimes that attract foreign investment, professional talent and large bank deposits. Others like Qatar and the United Arab Emirates have large reserves of hydrocarbons or other lucrative natural resources. Shimmering casinos and hordes of tourists are good for business too: Asia’s gambling haven Macao remains one of the most affluent states in the world despite having endured almost three years of intermittent lockdowns and pandemic-related travel restrictions.

But what do we mean when we say a country is “rich,” especially in an era of growing income inequality between the super-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 another’s. The reason why “rich” often equals “small” then becomes clear: these countries’ economies are disproportionately large compared to their small number of inhabitants.

However, only when taking into account inflation rates and the cost of local goods and services can we get a more accurate picture of a nation’s average standard of living: the resulting figure is what is called purchasing power parity (PPP), often expressed in international dollars to allow comparisons between different countries.

https://gfmag.com/data/richest-countries-in-the-world/

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Small but mighty countries

Unlike those killing investments, tourism and agriculture
Inflicting hardship

No single African country..

modified..
Make una dey calm down they post number 1 to 50 when I first comment..

superintendents:


No single African country..

they are there

God1000:
they are there from 88+

USA, despite their over 300million population still has a GDP per capital of $85k..

Population dealt China a huge blow too...

Nigeria should be topping the list from behind..

Nigeria o

Nigeria is only rich in extreme individual and institutional corruption hence no where to be found. Now let's have the list of the most corrupt nations on earth. Let's see our ranking. Seems transparency international no more do ranking on corrupt nations anymore?

Even War torn Libya!!!

FAKE LIST! NIGERIA SHOULD BE IN THE FIRST 10!

Hmm. For those wondering why Nigeria can't be found despite the oil and population, check out the peoples of the first 20 countries. Compare how they behave and see national wealth/positions as call to service. Juxtapose that with the average corrupt and 'I must chop my own' mindset of an average Nigerian. There, you have your answer!

Where is Nigeria

Nigeria don miss road

Hoping to go work in Qatar, someday.

God1000:
Many of the world’s richest countries are also the world’s smallest: the pandemic, the global economic slowdown and geopolitical turmoil have barely made a dent in their huge wealth.



https://gfmag.com/data/richest-countries-in-the-world/

Topic title is wrong. This looks more like GDP per capita, so it would be countries with highest GDP per capita and not richest country list.

No Nigeria? This list is flawed.

So the most powerful country in the world is not the richest, meaning power can control money. 🤔

Where is Nigeria Op? You are biased.

only russia is richer than the US and Europe combined

The question is what is the criteria for choosing a rich country

🇺🇸

Nigeria would be avoiding this list like leprosy

Nigeria has all it takes to be at least in the first 20

But as we do not have natural disaster, na leadership disaster we get

Giants of africa are nowhere to be found

Now list of most paid senators and politicians in the world

Nigeria, my hungry!

Why can't Nigeria make this list? You know the answers already! They are too many to be enumerated here.

Where’s my country 🇳🇬?