{"id":307762,"date":"2019-03-30T18:00:06","date_gmt":"2019-03-30T16:00:06","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=307762"},"modified":"2019-03-29T17:19:31","modified_gmt":"2019-03-29T15:19:31","slug":"these-are-the-richest-and-most-productive-countries-in-the-world-including-south-africa","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/wealth\/307762\/these-are-the-richest-and-most-productive-countries-in-the-world-including-south-africa\/","title":{"rendered":"These are the richest and most productive countries in the world – including South Africa"},"content":{"rendered":"

Data from the International Monetary Fund shows that energy-rich Qatar is the wealthiest country in the world.<\/p>\n

With a modest population, extending towards three million, petroleum and natural gas are the mainstays of the Arab country’s economy, accounting for more than 70% of total government revenue.<\/p>\n

Qatar has invested its sovereign wealth, amassed from oil and natural gas, wisely – investing in real estate in London, including ownership of the The Shard skyscraper.<\/p>\n

Wealthy countries are measured in terms of their GDP, while a country\u2019s prosperity is its per capita GDP – a country’s output per person (obtained by dividing its GDP by the population) – calculated in terms of purchasing power parity (PPP).<\/p>\n

Simply put, residents of the countries whose GDP has the highest PPP per capita have the most money.<\/p>\n

Qatar leads the race in this regard with $133,254 per person. Macau, the autonomous gambling mecca on the south coast of China, across the Pearl River Delta from Hong Kong, is second on the list, at $126,584 per person, with Luxembourg third ($112,622 per person)<\/p>\n