Qatar and Kuwait are both tiny compared to Saudi with much smaller, highly-urbanized populations. Both countries have enormous oil resources relative to their size. In absolute terms Saudi has more but measured per square kilometer it falls far behind. Saudis are well off compared to Yemenis, Syrians or Egyptians, but the average Saudi is not wealthy by American or Western European standards.
Looks like they've moved up quite a few places in the rankings as Saudi is on the list now and not even at the bottom. But still behind Qatar and Kuwait and the Emirates.
(Pulling something out of my ass here) Perhaps it is BECAUSE they are so wealthy that they were able to (somewhat peacefully) dismiss their government and start over. Just a theory.
Because they're ranked 26th and 30th, respectively, while this quiz inexplicably stops at 22. Japan is only $200 below the cutoff, but South Korea is $4k below.
It's not only income that counts in these stats, but also cost of living. Get away from the coast and many smaller cities in the US have a much lower cost of living.
Were Vatican open and honest about their finances, they'd be topping the list. After all, the Catholic Church is the financially largest 'corporation' after the Mafia, which only surpassed them last year.
^ Hadn't heard about this new discovery. That's interesting. The country is so tiny, where else could they look? Drilling further down?
Bahrain used up its oil reserves quite a while ago. The country now has a Russian vagina based economy. There are quite a few lower-class neighborhoods around the small island and even in Manama. They are not as wealthy as their Gulf neighbors. But not quite poor, either.
not a typo. Though last time I was there just a couple months ago I found out that some of the most famous and often-visited RV emporiums in Hoora had been shut down or repurposed, so maybe they're looking to diversify.
It's more to do with the very low population density, the population still hasn't recovered to where it was before the Irish famine, but the country is still doing very well financially.
It's primarily because of foreign investment - many major companies set up their European HQ in Ireland because of low corporation tax. So the per-capita income is actually a lot higher than the average wage.
What is this information based on? What things have been taken into account? Free education, health care level and the costs, maternity and paternity leave...
The income per capita is simply a countries GDP divided by the population. There's data for almost every country so it's easy to compare and rank. But of course it doesn't say anything about living standards.
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). Just because a nation has a high GDP does not necessarily mean that this filters down equally to its constituents and in an opposite way, nations that have quite good living standards may be omitted from the list as they don't have the rich individuals and corporations to boost their GDP
Why is 'Saudi Arabia' quoted at $55,300 here, when in the 'Focus Economics' listing it is given as $23,536. The rest of the figures seem about the same?
So Germany has dropped off the list since the reset. I can't believe at least a few of the countries on this list being ahead of Germany in per capita GDP.
I think the first time I did this quiz Australia was in the middle. They slip a couple of places every time. Now we are the last position. Time to say farewell...
Norway is the first country on the list where the wealth is based on a substantive and real economy.
The others before her are either harbours for moneymovers, with an oversized financial sector, or clan-based countries totally dependent on petroleum revenue. Ireland is, unfortunately, in the first category.
Norway would probably be even with the other Nordic countries if it wasn't for it's oil though. In terms of actual economic productivity I'd say 1st place in Europe should go to the Dutch.
As of 2020, the US is outranked by eleven countries. Six of these gain a significant amount of revenue from being tax havens (Monaco, Liechtenstein, Luxembourg, Singapore, Ireland, Switzerland). The other five all rank in the top six countries in terms of oil production per capita (Qatar, Brunei, UAE, Kuwait, Norway). Furthermore, the most populous among these is UAE which ranks 93rd in population among all countries. The combined populations of these eleven countries represent 0.54% of the world population, while the USA itself has 4.21% of the world population.
I knew Ireland was better off than the UK, but I'm amazed to discover it's more than TWICE as rich. As for Brunei, if you take one particular person's portion of the GDP out, I'm sure the country drops off the list entirely.
It does not tell the full story. This is GDP per capita and due to being a bit of a tax haven, Ireland is home to many major global corporations, including Facebook, Apple, Google and many pharmaceutical companies and obviously they boost the GDP by a lot. An ordinary Irishman is not that much richer than an ordinary Brit.
General reply to at least 70% of comments (maybe): Gini coefficient. When you separate the countries on the list by greater/smaller Gini coefficient, it tells you most of what you need to know.
Bahrain used up its oil reserves quite a while ago. The country now has a Russian vagina based economy. There are quite a few lower-class neighborhoods around the small island and even in Manama. They are not as wealthy as their Gulf neighbors. But not quite poor, either.
Is that a typo? Or do I not understand the reference.
I doubt that.
Unfortunately.
Now this does not clear the whole truth.
Roosa
The others before her are either harbours for moneymovers, with an oversized financial sector, or clan-based countries totally dependent on petroleum revenue. Ireland is, unfortunately, in the first category.
In other words, USA NUMBER ONE!
Seriously, though, instead of raising taxes on regular people, the U.S. needs to find a way to stop these tax-dodging megacorps like Apple and Google.