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World's 10 richest countries, India at a dismal 130!

By Rediff Business Desk
July 20, 2015 09:30 IST
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Image: India lags behind 129 countries in the rich list.
 
 

Though India has surpassed China to become one of the fastest growing economies in the world, in terms of purchasing power parity, it lags behind 129 countries.

In a survey conducted by Global Finance Magazine based on IMF’s gross domestic product (PPP) data from 2009-2013, India has scored a dismal 130 out of 184 countries.

With a GDP (PPP) of $4,060, India has a long way to go to become one of the richest countries…

GDP data per capita shows how well off the average residents are in a country. PPP considers relative cost of living and the inflation rates of the countries to reflect the state of the citizens’ wealth.

Take a look at the world’s 10 richest countries…

Image: Qatar is  the world richest nation. Photograph, courtesy: StellarD/Wikimedia commons
 
 

Qatar

Rank: 1
GDP (PPP) – 2013: $105,091.42
GDP (PPP) – 2009: $77,445.61

With the world's third largest natural gas reserves and oil reserves, Qatar is the world's richest country in terms of per capita income.

A high income, developed economy about 14 per cent of households are dollar millionaires.

Image: Luxembourg airport. Photograph, courtesy: Unimog404
 
 

Luxembourg

Rank: 2
GDP (PPP) – 2013: $79,593.91
GDP (PPP) – 2009: $76,832.29

Luxembourg  prides to have a stable and high-income market economy with low inflation, and a high innovation.

Luxembourg is ranked 13th in the Heritage Foundation's Index of Economic Freedom and 4th in the Economist Intelligence Unit's quality of life index.

The economy is backed by a strong industrial sector - steel chemicals, rubber etc.

Image: Singapore. Photograph, courtesy: Someformofhuman
 
 

Singapore

Rank: 3
GDP (PPP) – 2013: $61,567.28

GDP (PPP) – 2009: $49,919.56

Singapore has the world's highest percentage of millionaires.

The country ranks highly in terms of standard of living, education, healthcare, and economic competitiveness.

Image: Norway. Photograph, courtesy: Petr Šmerkl/Wikimedia Commons
 
 

Norway

Rank: 4
GDP (PPP) – 2013: $56,663.47
GDP (PPP) – 2009: $51,922.18

Norway has second-highest GDP per-capita among European countries.

With huge reserves of reserves of petroleum, natural gas, minerals, lumber, seafood, fresh water, and hydropower, it is the second-richest country in the world in monetary value. 

Image: Brunei. Photograph, courtesy: Wikimedia Commons
 
 

Brunei Darussalam

Rank : 5
GDP (PPP) – 2013: $55,111.20
GDP (PPP) – 2009: $50,985.72

Endowed with crude oil and natural gas, Brunei is fourth-largest producer of oil in Southeast Asia.

The country promotes foreign and domestic entrepreneurship.

Image: Hong Kong. Photograph, courtesy: Wikimedia Commons
 
 

Hong Kong

Rank: 6
GDP (PPP) – 2013: $53,432.23
GDP (PPP) – 2009: $44,120.22

One of the three most important financial hubs in the world, Hong Kong is among the richest nations and has a high Human Development Index.

It also ranks high in terms of global competitiveness with robust infrastructure, conducive business environment, low taxation and free trade.

Image: One World Trade Center, New York. Photograph, courtesy: Joe Mabel/ Wikimedia Commons
 
 

United States

Rank: 7
GDP (PPP) – 2013: $51,248.21
GDP (PPP) – 2009: $45,461.43

The world's largest economy by nominal and real GDP is surprisingly ranked at 8th position.

The country leads in scientific research and technological innovations. The US GDP of $16.8 trillion counts for 24 per cent of the gross world product at market exchange rates.

Image: Ferrari world, Dubai. Photograph, courtesy: Aziz J.Hayat/ Wikimedia Commons
 
 

United Arab Emirates

Rank: 8
GDP (PPP) – 2013: $49,883.58

GDP (PPP) – 2009: $45,913.80

With the world’s seventh-largest oil reserves, UAE has the second largest economy in the gulf region.

UAE is also one of the best nations for doing business based on its economy and regulatory environment.


Image: Geneva. Photograph, courtesy: Jose Manuel/ Wikimedia Commons
 
 

Switzerland

Rank: 9
GDP (PPP) – 2013: $46,474.95

GDP (PPP) – 2009: $41,785.02

Switzerland has a prosperous and high-tech economy offering high standards of living.

It has the world's nineteenth largest economy by nominal GDP.

Image: Australia is the 10th richest nation. Photograph: Reuters
 
 

Australia

Rank: 10

GDP (PPP) – 2013: $44,073.81

GDP (PPP) – 2009: $38,595.00

Australia is one of the wealthiest countries in the world.

The 12th-largest economy generates revenue from mining-related exports, telecommunications, banking and manufacturing.

Australia ranked second in the world in terms of average wealth of citizens.

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