When we think of the richest countries in the world we imagine the greatest nations, the world powers, we think of metropolises that bustle in modernism, people and technological advances. But not necessarily ‘power’ nations in the world, with stable and developed economies, top the list of the richest countries.
International Monetary Fund experts also explain that not always the Gross Domestic Product (GDP) of a country means a good quality of life for its inhabitants, nor a level of well-being that can be considered as wealth.
It is therefore necessary to clarify that the wealth of a country is directly proportional to the Gross Domestic Product ‘per capita’, that is, what each inhabitant perceives in that territory. There are nations with a high GDP, which can occupy the first places in the world, like the case of China, but when that income is distributed among citizens, the general wealth level collapses.
Until a decade ago this ranking was dominated by European countries; However, the measurements of the last ten years have seen new players emerge, the Arab countries.
Nations like Qatar, Brunei and Kuwait make their way among the richest on the planet. However, the European continent still has the largest number of members in this select list with 15.
30. Japan – GDP per capita: $ 38,893 (£ 31,732)
Population: 126.298.086 habitants
Japan, an archipelago of 6,852 islands, is located in Asia. This island region of the planet is located in the Pacific Ocean. Its capital city, Tokyo, is the largest metropolis in the world with more than 30 million inhabitants.
Their economy recovered after 2005 where GDP growth for that year was 2.8 percent, surpassing the growth rates of the US and European Union during the same period. Today Japan ranks highly for competitiveness and economic freedom, ranked as sixth in the Global Competitiveness Report for 2015–2016.