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Sub-Zero
ANSWERS: 5
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Yes. It depends on how you measure the riches... for example, a dollar goes a lot farther in a poor country, and a country with few people might be very rich in resources. But a common measure uses the total value of products produced in a country, divided by it's population... this is the Gross Domestic Product per capita. By this measure, Luxuembourg is by far the richest country in the world, followed by Norway and United States, who share 2nd position. The list of top 10 continues: San Marino, Switzerland, Denmark, Iceland, Austria, Canada, and Ireland. http://www.aneki.com/richest.html http://en.wikipedia.org/wiki/Gross_domestic_product
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The other answer is correct in spirit but it perpetuates the (very common) misunderstanding that Gross Domestic Product is based on "products produced". In fact, GDP is a measure based on the entire economic activity of a nation, regardless of purpose. This means that, for example, a country whose factories dump pollutants into the water supply will have a high GDP compared to a nation whose factories are clean, since the cost of cleaning up is counted as additional economic activity. Whether or not this makes GDP an appropriate comparative measure depends very much on your point of view.
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You can see the GNI (Gross National Income) per capita ranking from the World Bank for 2004 at: http://siteresources.worldbank.org/DATASTATISTICS/Resources/GNIPC.pdf
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You can see the GNI (Gross National Income) per capita ranking from the World Bank for 2004 at: http://siteresources.worldbank.org/DATASTATISTICS/Resources/GNIPC.pdf
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You can see the GNI (Gross National Income) per capita ranking from the World Bank for 2004 at: http://siteresources.worldbank.org/DATASTATISTICS/Resources/GNIPC.pdf
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