The 7 Richest Countries In The World..
See The 7 Richest Countries In The World.. THE LIST WILL SHOCK YOU! Exchange rates alone can not be used to determine how rich a country is. The cost of living, standard of living, inflation rates and other figures include saving such as national wealth (not just income) and populations are additional indices of determining the wealth of a nation. The most commonly accepted method of determining the wealth of countries and comparing generalized differences in living standards on a whole between nations is to use GDP per capita on a purchasing power parity (PPP) basis in current international dollars. If only GDP is used, those factors were surely not taken into consideration. In a lay man understanding, it means a country where you can enjoy highest standard of living per person. Some country have very less GDP in-spite of large population, on the other hand some have high GDP in spite of the small population. Which country is the richest in the world? 1. Qatar – Richest