Richest Countries in the World🔥

Many people that claim to have figured out the secret to happiness argue that it has nothing to do without money. It's very possible that you've heard the statement "Money can't buy happiness." This statement is definitely true, but there is also a compelling counterargument: extensive data indicates that money can occasionally provide financial security, that leads to overall happiness.

Money can't buy happiness ... can it? The truth behind the saying

The middle fact at the back of this counterargument is that many bad emotions and conditions stand up from a much less-than-perfect economic standing. When one's credit score rating is low, even simple prices consisting of renting an apartment, buying a home, or simply getting a vehicle may be tough or not possible to finance. Similarly, human beings on constrained income can discover it tough to stay up with naked necessities consisting of electricity, water, or even groceries. In short, a loss of cash can seriously prevent one's potential to find the money for the fundamental "must-have" matters people want to get by, not to mention luxurious items. This presence or loss of cash also effect one's fitness. Wealthy human beings can frequently find the money for higher clinical remedies than people with much less cash, specifically in international locations with out customary fitness care. Moreover, destructive monetary fame may be a chief source of pressure, anxiety, or depression. What is the argument that cash cannot purchase loved reminiscences, that are arguably the most valuable treasure of all? Absolutely true. Granted, cash should purchase things that could assist create reminiscences, consisting of vacations, tickets to live shows or wearing events, nights out on the town, journeys to films or the leisure park, presents for cherished ones, and so on. But developing reminiscences remain as strong as the individual. Plus, there are numerous different treasures that cash cannot enable, such as love, trust, friendship, and non-secular peace. Ultimately, the adage is true: Money cannot purchase happiness. To quote some other not unusual saying, " the nice things in lifestyles do not matter. " However, a continual loss of cash can cause bad outcomes, starting from emotional pressure and disappointment to bad bodily fitness, so having at least sufficient cash to effortlessly cowl one's residing prices is a profitable and unselfish goal.

Gross Domestic Product Per Capita as a measure of national wealth

By examining the per capita gross domestic product (GDP) of each country in the world, countries can be ranked and compared by wealth. However, keep in mind that GDP per capita does not necessarily represent the average wage earned by a person living in a particular country. For example, in 2019, the US per capita GDP was $ 65,279.50, with an average annual salary of $ 51,916.27 and a median age of $ 34,248.45. Even the richest countries have citizens who live in poverty, and even the poorest countries have many very wealthy residents — but it is a fair indicator of the country's overall financial position.

The Top 10 Richest Countries in the World (by GDP per Capita, current prices US$ - World Bank)

1. Monaco - $190,512

2. Liechtenstein - $180,366

3. Luxembourg - $115,873

4. Switzerland - $87,097

5. Macao (China SAR) - $86,117

6. Ireland - $85,267

7. Norway - $67,389

8. United States - $63,543

9. Denmark - $61,063

10. Singapore - $59,797

Developing international locations frequently have poor infrastructures and immature economies, that could position their residents and businesses at a tremendous downside whilst competing in a worldwide market. Larger disruptions, including war, hunger, disease, and political unrest, can also have a great effect on a country's GDP (together with almost all different elements of life). Factors inclusive of these are why growing countries are much more likely to seem on the list of poorest international locations in the world, at the least for now.