Which country is first place on the basis of cpita gdp?
Answers
This ranking is based on projection by International Monetary Fund (IMF) outlook April 2018 for year 2018 and 2023.
In 2018, Top ten richest economies in nominal terms are : Luxembourg, Switzerland, Iceland, Macao SAR, Norway, Ireland, Qatar, Denmark, United States and Singapore. In ppp terms, Top ten economies are : Qatar, Macao SAR, Luxembourg, Singapore, Ireland, Brunei Darussalam, Norway, United Arab Emirates, Kuwait, and Hong Kong SAR. Six economies (nominal,ppp) Luxembourg (1,3), Qatar(7,1), Macao SAR (4,2), Norway(5,7), Ireland (6,5), and Singapore(10,4) are common in both methods. Other fours are : Switzerland, Iceland, Denmark and United States are in top 10 on nominal basis, while Brunei Darussalam, United Arab Emirates, Kuwait and Hong Kong SAR are in top 10 on ppp basis.
Luxembourg and Qatar is at the top position on nominal and ppp basis, respectively in 2018. With per capita income of $120,061 Luxembourg is 10.24 times richer than world's $11,727. But in ppp terms, Luxembourg is only 6.13 times richer than world's $18,089. In ppp terms, Qatar have GDP per capita of 128,703 international dollar, 7.11 times higher than world. Qatar is at 7th position in nominal ranking.
In nominal, 1st ranked Luxembourg is ahead by $33,225 with 2nd rank Switzerland. In ppp, 1st ranked Qatar is ahead by $6,213 with 2nd rank Macao SAR.
United States (1,9) is present in both list of top ten GDP and GDP per capita ranking at nominal terms. Germany (4,17), Canada (10,20), Australia (14,11), Netherlands (17,13) and Switzerland (20,2) are in top twenty list of both ranking. In PPP, no economy in top ten in both ranking. Four economies in both list of top 20: United States (2,12), Germany (5,18), Saudi Arabia (17,15) and Australia (19,20).
Among all 50 richest economies Macao SAR has highest gdp growth rate of 9.26% followed by Ireland of 7.81%.
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China is correct option
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