Can you name the world’s richest countries? How about the single richest country in the world? It’s not as easy as you might think. Living in a western country like the United States, you’d think that most people are fairly well-off. Even if millions still lack access to things like fresh, affordable food or internet access. But life in the U.S., even for those who are struggling, is a relative cake walk compared to life in some of the world’s poorest countries.
While America does tend to rank among the world’s wealthier nations, on a per capita basis, we lag well behind. Several other developed nations rank higher than America in regards to medical care and education. Using data from The World Bank, we’ve created a list of some of the richest and poorest nations in the world.
These lists are based on each country’s gross domestic product per capita. That is, the sum value of all of the finished goods produced within a country during a certain time period (often a year), divided by each country’s middle-of-the-year population.
Here are the world’s 10 richest and poorest countries, starting with the former.