World's Richest Countries According to Different Calculation Methods
The global wealth ranking changed in calculations that took into account nominal income per capita, purchasing power parity, and working hours.
The world's richest countries were examined based on three different calculation methods: nominal income, purchasing power parity, and working hours. In the evaluations, Switzerland, Singapore, and Norway took the top spot in different categories.
Nominal GDP Ranking
In the ranking of nominal Gross Domestic Product per capita, Switzerland ranked first with 103,670 dollars. Switzerland was followed by Singapore with 90,674 dollars and Norway with 86,810 dollars. The United States was positioned in fourth place.
Purchasing Power Parity
In the purchasing power parity ranking, which takes price differences in countries into account, Singapore rose to first place with 150,689 dollars per capita. While Singapore was followed by Macao and Qatar, nominal leader Switzerland dropped to fifth place.
Peak by Working Hours
In the calculation taking worked hours into account, Norway became the world's richest country with 114,804 dollars. While Norway was followed by Qatar, Denmark, and Belgium, the United States ranked sixth.