World Richest Countries 2020 2021 Top 10 LIST
First of all, the rankings of the richest countries in the world are usually based on the countries’ gross domestic product. This is because GDP is the value of all final goods and services produced in a country during one year. In this article, we shall highlight the latest list of the Top 10 Richest Countries In The World.
When dividing a country’s GDP with its population you get GDP per capita. Hence, the result is an average measure of how much of the country’s GDP each inhabitant accounts for. For example, China is the second richest country in the world based on its GDP (in US-dollars). However, when dividing its GDP with its massive population one can see that their GDP per capita is fairly low.
Although GDP is a basic gauge of how much capital is in a country, there’s a relation between GDP and the public. Certainly, the GDP per capita and the population’s wellbeing and standard of living. Despite we have a list of the richest countries, we also have countries with an overall high standard of living. Furthermore, one has to remember that equity can be more or less unevenly administered among its citizens.
In short, below is a list of the Top 10 Richest Countries In The World 2020 2021.
- United Arab Emirates.
- United States.
- San Marino.
- Saudi Arabia.