The 10 countries with the richest population in the world!

The 10 countries with the richest population in the world!

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Qataris have the greatest purchasing power in the world.

Some of the smaller countries have the richest populations in the world because of their gigantic purchasing power.

If you live, work and pay your salary in the oil state of Qatar, for example, you are part of the select group of citizens with the greatest purchasing power in the world.

With less than three million inhabitants, the Qataris lead the ranking of purchasing power prepared by the International Monetary Fund (IMF) with data for 2017.

Macao
Copyright of the GETTY IMAGES image
Image caption The inhabitants of Macao will be the richest people in the world by 2020, according to the IMF.

Then follow the citizens of Macao (officially a special administrative region of China), whose income comes mainly from tourism and casinos.

The third place is occupied by those who live in the European principality of Luxembourg.

The list is completed by Singapore, Brunei, Ireland, Norway, United Arab Emirates, Kuwait and Switzerland.

Luxembourg
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Image caption The European principality of Luxembourg ranks third.

The calculation made by the IMF considers several elements such as the Gross Domestic Product (GDP) of a country, the number of inhabitants, inflation and other indicators that make it possible to compare the cost of living and the purchasing capacity , which in English known as purchasing power parity (PPP).

World ranking of purchasing power in 2017 (GDP per capita measured in purchasing capacity). (US $)
Qatar 124,529
Macao 111,629
Luxembourg 106,374
Singapore 93,905
Brunei 78,196
Ireland 75,538
Norway 71,831
United Arab Emirates 67,741
Kuwait 66,163
Switzerland 61,422
Source: IMF  

If it were a list of the countries that generate more wealth in the world, the United States would occupy the first place.

But as it is about the populations with greater purchasing power, the United States. it only appears in the number 12 place.

Dollars
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Image caption United States is ranked number 12 in the ranking.

Many of the small countries that lead the level of living standards depend to a large extent on the work done by immigrants who, as they usually do not have resident status, are not considered in the calculation of GDP per capita.

According to the IMF’s projections, the inhabitants of Macao will be the richest people in the world by 2020.

At the other extreme, the country with the lowest purchasing power in the world is the Central African Republic , followed by Burundi, the Democratic Republic of the Congo, Niger, Malawi, Mozambique, Yemen, Liberia, South Sudan and Madagascar.

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Rava is an online news portal providing recent news, editorials, opinions and advice on day to day happenings in Pakistan.

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