6 replies to this topic

[eInfiniti]

How rich is your country compared to other countries in the world? How rich is your family compared to others in the world? You would probably love to know the answers? But, those are complex questions in that the answers have to do with how you compare income and wealth from one country to another and on what basis.

This post will compare the per capita GDP (gross domestic product) by country on the basis of purchasing power parity.

Quote

The purchasing power parity (PPP) theory uses the long-term equilibrium exchange rate of two currencies to equalize their purchasing power. It is based on the law of one price. The theory states that, in ideally efficient markets, identical goods should have only one price.

PPP takes into account the cost of living and is the amount of a certain basket of basic goods that can be bought in a given country with the money it generates. There can be significant differences between PPP and actual market exchange rates.

Based on World Bank data, the per capita GDP on the basis of PPP for 2008 is as follows:

Quote

Rank Country $
1 Luxembourg 78,559
— Macau 59,451
2 Norway 58,141
3 Singapore 49,288
4 United States 46,716
5 Ireland 44,195
— Hong Kong 43,922
6 Switzerland 42,534
7 Netherlands 40,850
8 Austria 38,153
9 Sweden 37,383
10 Iceland 36,770
11 Denmark 36,604
12 Canada 36,444
13 Australia 35,677
14 Germany 35,613
15 United Kingdom 35,445
16 Finland 35,426
17 Belgium 34,493
18 Japan 34,099
19 France 34,045
20 Equatorial Guinea 33,883
21 Spain 31,955
22 Italy 30,756
23 Greece 29,361
24 South Korea 27,939
25 Slovenia 27,610
26 Israel 27,548
27 New Zealand 27,027
28 Trinidad and Tobago 24,742
29 Czech Republic 24,712
30 Saudi Arabia 23,920
31 Portugal 23,073
32 Slovakia 22,081
33 Seychelles 21,616
34 Antigua and Barbuda 21,209
35 Estonia 20,657
36 Hungary 19,329
37 Croatia 19,085
38 Lithuania 18,826
39 Poland 17,625
40 Latvia 17,101
41 Saint Kitts and Nevis 16,224
42 Russia 16,139
43 Libya 15,401
44 Gabon 14,758
45 Mexico 14,495
46 Chile 14,465
47 Argentina 14,333
48 Malaysia 14,215
49 Romania 14,064
50 Montenegro 13,958
51 Turkey 13,920
52 Botswana 13,392
53 Venezuela 12,804
54 Uruguay 12,734
55 Panama 12,503
56 Bulgaria 12,394
57 Belarus 12,261
58 Mauritius 12,078
59 Iran 11,666
60 Lebanon 11,571
61 Serbia 11,457
62 Kazakhstan 11,314
63 Costa Rica 11,240
— World 10,415
64 Brazil 10,296
65 Macedonia 10,167
66 South Africa 10,109
67 Saint Lucia 9,906
68 Saint Vincent and the Grenadines 9,165
69 Colombia 8,885
70 Azerbaijan 8,765
71 Dominica 8,712
72 Peru 8,507
73 Grenada 8,500
74 Bosnia and Herzegovina 8,390
75 Dominican Republic 8,217
76 Algeria 8,033
77 Ecuador 8,008
78 Tunisia 7,996
79 Jamaica 7,879
80 Albania 7,716
81 Thailand 7,703
82 Suriname 7,507
83 Ukraine 7,271
84 Belize 6,929
85 El Salvador 6,794
86 Turkmenistan 6,641
87 Armenia 6,515
88 Namibia 6,343
89 China, People's Republic of 5,962
90 Angola 5,898
91 Maldives 5,513
92 Egypt 5,416
93 Jordan 5,283
94 Swaziland 4,927
95 Guatemala 4,760
96 Bhutan 4,754
97 Paraguay 4,709
98 Sri Lanka 4,560
99 Samoa 4,473
100 Syria 4,440
101 Morocco 4,388
102 Fiji 4,381
103 Georgia 4,280
104 Bolivia 4,278
105 Vanuatu 3,983
106 Indonesia 3,975
107 Honduras 3,964
108 Republic of the Congo 3,946
109 Tonga 3,808
110 Mongolia 3,567
111 Philippines 3,510
112 Cape Verde 3,501
113 India 2,972
114 Moldova 2,925
115 Micronesia 2,838
116 Vietnam 2,785
117 Nicaragua 2,682
118 Uzbekistan 2,656
119 Pakistan 2,644
120 Solomon Islands 2,609
121 Guyana 2,543
122 Kiribati 2,474
123 Yemen 2,400
124 Cameroon 2,215
125 Papua New Guinea 2,208
126 Kyrgyzstan 2,188
127 Sudan 2,153
128 Djibouti 2,139
129 Laos 2,134
130 Nigeria 2,082
131 Tajikistan 1,906
132 Cambodia 1,905
133 Senegal 1,772
134 São Tomé and Príncipe 1,739
135 Côte d'Ivoire 1,651
136 Kenya 1,590
137 Lesotho 1,588
138 Benin 1,468
139 Chad 1,455
140 Ghana 1,452
141 The Gambia 1,363
142 Zambia 1,356
143 Bangladesh 1,334
144 Tanzania 1,263
145 Guinea 1,204
146 Haiti 1,177
147 Comoros 1,168
148 Uganda 1,165
149 Burkina Faso 1,161
150 Mali 1,128
151 Nepal 1,112
152 Madagascar 1,080
153 Rwanda 1,022
154 Mozambique 897
155 Ethiopia 868
156 Malawi 837
157 Togo 829
158 Timor-Leste 801
159 Sierra Leone 766
160 Central African Republic 736
161 Niger 684
162 Eritrea 632
163 Guinea-Bissau 538
164 Liberia 388
165 Burundi 383
166 Democratic Republic of the Congo 328

Notice from jlhaslip:

added quote tags as per trap17 readme

[TheDarkHacker]

Comparing to other families my family is rich because all we have houses and my grandmothers/grandfathers were bank workers.So we have money to buy what we need,phones,very much food etc. Comparing to other countries my country,Macedonia,is not rich but i don't know why our country is working very much on spending money for stupid projects...OK,i don't know nothing about that but i have seen on News,very much money has been spend.

[aloKNsh]

my familiy is good and also i think we are in normal postion.
not so rich not so poor
we are having a happy life here
but yeah the culture around here is much nice then i ever thought of

[H.O.D]

I come from a middle-class family so I cannot say how rich my family is compared to the others around me. The middle-class in my country is very large so we have lots of company! However there are millions of rich people and even more poor people so I know the effect of all kinds of lifestyles. I feel sad for the poor at times but I'm not that able to contribute to them because we're not exactly "rich". But life just goes on and we have learned to live along with it.

As for my country it is not in the top 100 in the above list so you can maybe say my country is also in a kind of "middle-class" compared to the rest of the countries! Not so poor as to not being able to feed its population and not so rich as to feed all of its population. That's my country's position. But it's a calm life over here, and with each state being different from the other (different language, different culture, etc) people have learned to live along with each other too. There's this phrase called "Unity in Diversity" and that applies to my country Not so rich, but we have adjusted to this kind of lifestyle!!!

[FouGilang]

I'm from indonesia, so i'm 106th on that list o.o
And i'm not that kind of rich, but you cant say my family poor too
I guess it's middle-to-middle class?
I dont really know the exact amount, but we already have 6 family pc (1 mid-end, which is mine, 2 mid-to-low end for my parents, and 3 low-end for my bro and sis), 2 standard tv and 1 lcd wide screen tv, and other not-so-important stuff

[The Simpleton]

My family and my country can be rated as "average" when compared to the rest of the world. My family's content with what we've got, and as for the country, well a lot can be said on people's responses here but the general rule is "Whatever happens to you, learn to live with it - just adjust a little bit!"

[eInfiniti]

World wealth distribution by region is as shown in the table below (2000 data). In relative terms, Africa owns and generates the least amount of wealth though its population is over 10% of world population. Middle East is much better than Africa per capita, but it only ranks #2 after Africa. Asia is home to over 50% of world population and it ranks #3. North America (US and Canada) and Europe are much wealthier than the other regions.

Quote

Region_________________%World population___%World net worth (PPP)___%World GDP (PPP)
Asia________________________52.18________________29.4__________________31.07
Africa_______________________10.66_________________1.52__________________2.36
Middle East __________________ 9.88_________________5.07__________________5.69
Europe_______________________9.62________________26.42_________________22.8
Central/South America__________8.52_________________6.51__________________8.49
North America_________________5.17________________27.1__________________23.88
Other________________________3.14_________________3.7___________________5.4