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The 20 Richest Countries in the World Right Now Might Surprise You

How do you measure a country’s wealth? You could look at its gross domestic product or GDP, which shows how much money there is in the country but doesn’t take population into account. More accurate would be looking at the GDP per capita but a country with a high GDP per capita might have such a high cost of living that its people aren’t that rich at all.

If you use GDP based on purchasing power parity, or PPP, per capita, you can get a more accurate picture of how wealthy a country is because you also take into account inflation rates and the cost of local goods and services. Using this measure and data from the International Monetary Fund, we present the 20 richest countries in the world.

By the way, Canada dropped by two spots since 2018 to 24th place with a GDP (PPP) per capita, even as it PPP went up to $50,626 from $49,620. All figures in US dollars.

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