What Are the Richest Places in the World? | NowThis World

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  • Published on:  Sunday, November 11, 2018
  • In this episode we've compiled a list of the five richest places in the world. The richest places might surprise you.
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    The world has in excess of 80 trillion dollars, according to estimates.There is no surprise that much of those funds are possessed by the highly populated, global powers like The United States and China. But when you look at how much money a place has per person, you might be surprised about which ones come out in the top five.

    First, we have to get a little technical. We will be using the latest data made publicly available by the International Monetary Fund in April of this year.

    There are a number of different ways to calculate a country's wealth. But based on advice from experts and agencies like the United Nations Development Programme, our ranking will be based off of a place's GDP per capita, adjusted by Purchasing Power Parity, or PPP as is commonly called. PPP is essentially when money from different places are converted to a common currency to better reflect things like, the standard of living in a country.

    To break that down, the conversion rate, in theory, would give one PPP international dollar , the same purchasing power that one U.S. dollar has in the United State's economy.

    So, what are the richest places in the world today?

    #wealth #politics #internationalnews #usnews #economy

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    NowThis World is dedicated to bringing you topical explainers about the world around you. Each week we’ll be exploring current stories in international news, by examining the facts, providing historical context, and outlining the key players involved. We’ll also highlight powerful countries, ideologies, influential leaders, and ongoing global conflicts that are shaping the current landscape of the international community across the globe today.

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  • Source: https://youtu.be/HiH0YJeDly4
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Comment

  • Sania Khan

    Sania Khan

     6 months ago

    Wow Qatar is rich plus it's a muslim Country

  • Sania Khan

    Sania Khan

     6 months ago

    Muslims vs Donald trump

  • Sania Khan

    Sania Khan

     6 months ago

    Middle East is rich

  • RANN ENTERTAINMENT

    RANN ENTERTAINMENT

     7 months ago

    ASIAN 🤴🤴🤴🤴🤴🤴🤴

  • PrateekC999

    PrateekC999

     7 months ago

    small regions with less populations trading valuable natural resources to a global economy would be able to have huge amounts per capita as long as they remain peaceful

  • Caner Maner

    Caner Maner

     8 months ago

    Why not Germany Russia or USA

  • Romeo Leo

    Romeo Leo

     8 months ago

    We need to help the poverty places ; stop talking about he filthy Rick, what a stupid video

  • Dave Otuwa

    Dave Otuwa

     8 months ago

    Rich countrys are tiny.

  • Cormac MacSuibhne

    Cormac MacSuibhne

     9 months ago

    I'm surprised Ireland's population is just over 5 million.

  • Aryan Bhattacharjee

    Aryan Bhattacharjee

     10 months ago

    Can India ever have such per capita income with so many people... If the Indian population was less then India could also be as rich as those countries.

  • ILOVEGOD

    ILOVEGOD

     10 months ago

    All these places have small populations so I guess it's easier to spread the wealth💰

  • boggi riswanto

    boggi riswanto

     11 months ago

    Cute na

  • Tasnim Emam

    Tasnim Emam

     11 months ago

    2:48 BOI the reason Leuxemborg has a lot of GDP per capita is that it’s small. This is so inaccurate, you need to look at the whole gdp

  • rafelingd

    rafelingd

     11 months ago

    luxembourg cheats by the way, it's so small that most of it's workforce lives outside of it, their population quadruples during work hours.

  • Ginnie M

    Ginnie M

     11 months ago +1

    I have a question -- I once saw Now This World clip that explained how the U.S. government supported several pro-American dictatorships in Latin America. It basically was explaining (if I remember correctly) that America claims to support democracies while actually supporting pro-American governments, including ones that are far from democratic. I have been spending a long time trying to find the clip again. Can you please tell me the title of the clip if you know? Thank you.

  • Abc Def

    Abc Def

     11 months ago

    Capitalism works

  • Maxim Melnikov

    Maxim Melnikov

     11 months ago

    was so surprised with Ireland being in top5. Btw, has recently subscribed for your channel, and it's absolutely genius. Hold on doing it,pls!

  • Arvind Nadar

    Arvind Nadar

     11 months ago

    Monaco?

  • ilove2929

    ilove2929

     11 months ago

    So all we need to do is to focus on the economic growth than social equality 😂 tats like time bomb

  • Stella Maris

    Stella Maris

     11 months ago +1

    "There is no wealth but life. Life, including all its powers of love, of joy, and of admiration. That country is the richest which nourishes the greatest numbers of noble and happy human beings; that man is richest, who, having perfected the functions of his own life to the utmost, has also the widest helpful influence, both personal, and by means of his possessions, over the lives of others."

    ― John Ruskin, Unto This Last