Wednesday, July 15, 2015

Size really DOESN'T matter: Tiny Qatar, Luxembourg and Singapore are the three richest countries in the world...

Three of the world's smallest states have been named as the richest countries in a new study.

Qatar, Luxembourg and Singapore came top in the research which ranked countries by their wealth according to their gross domestic product.

Both the U.S. and Australia made the list's top ten but Britain was named the 23rd richest country behind states such as Ireland, Taiwan and Kuwait.

The data provided by the International Monetary Fund and compiled by the Global Finance Magazine, also took into account purchasing power parity, which analyses living costs and inflation rates.

Using this measure, gulf state Qatar came top of the list with a GDP in 2013 of $105,091 (£67,497) per person. Full story...

Related posts:
  1. U.S. and Israel have worst inequality in the developed world...
  2. Singapore growth falls but still doing well
  3. Millionaires per capita: Qatar leads with 17.5%, followed by Switzerland, Singapore...
  4. Richest 1% of people own nearly half of global wealth...
  5. Unaffordable cities: Singapore workers tread water on millionaires' island...

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