World’s 3 Richest Countries
How do you calculate the wealth of a nation? It’s easier to figure out the net worth of an individual, but it’s not so easy in the case of countries. Here’s an attempt.
Mode of Calculation
The official and conventional estimates of a country’s wealth are always based on established economic variables like gross domestic product (GDP) and purchasing power parity (PPP). These variables are basically averages, kept by the World Bank, International Monetary Fund, and other similar global financial institutions.
The problem with an estimate based on averages is that small and less populated countries always come first. Nevertheless, the list really gives a general idea about the most affluent countries in the world. Some countries, such as Brunei and Hong Kong have been excluded from this list. Either the countries are not sovereign republics or the entire wealth is owned by a few individuals.
So, here’s the list of the world’s richest countries.
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