The world economy is complex, but today’s series of maps will allow you to simplify your understanding of the relative wealth of people around the globe.
Global Finance Magazine recently collated data from the World Bank on Gross National Income (GNI) per capita for 204 countries. Each country was placed in one of four groups:
Low income: $1,045 or less
Lower-middle income: $1,046 to $4,125
Upper-middle income: $4,126 to $12,745
High income: $12,746 or more
- Low income: 17%
- Lower-middle income: 25%
- Upper-middle income: 26%
- High income: 32%
The good people at HowMuch.net, a cost information site, helped to transform this information on the richest and poorest countries into the following visuals:
The Richest and Poorest Countries
Disclosure: The original article, written by Jeff Desjardins (VisualCapitalist.com), was edited ([ ]) and abridged (…) by the editorial team at munKNEE.com (Your Key to Making Money!) to provide a fast and easy read.
“Follow the munKNEE” on Facebook, on Twitter or via our FREE bi-weekly Market Intelligence Report newsletter (see sample here , sign up in top right hand corner)
Related Articles from the munKNEE Vault:
1. These Countries Are The World’s Poorest
19 of the 23 poorest countries in the world are located in Africa. The DRC (Democratic Republic of Congo) is the poorest with its citizens earning on average $394.25 a year (compared with Qatar where people earn an average of $105,091.42 a year). Afghanistan is the first non-African country (10th place) and also the first country where the average annual income passes the $1,000 threshold ($1072.19). Here’s the complete list.
2. The World’s Richest Countries – Where Does Your’s Rank?
Qatar, Luxembourg and Singapore are the three richest countries in the world. HERE’s a list of the top 23 such countries.
3. Top 10 Most Competitive Countries
Switzerland tops the Global Competitiveness Index for the seventh year in a row while Singapore beats everyone but Switzerland for the fifth consecutive year. Guess which country holds steady in third place? Read on to find out which other countries cracked the top 10 in this most recent survey.
4. Comparative Living Costs In Countries Around the World
The infographic below shows the difference in living costs around the world using CPI data as a relative indicator of a country’s living costs compared to New York (for example, if a country has a CPI of 70, on average, it enjoys 30% cheaper living costs compared to New York).
5. U.S. & Canada Don’t Rank In the Top 5 “Most Free Countries” – Which Countries Do?
Why does Canada rank higher than the United States, a country often referred to as the ‘Land of Liberty’? Guess which countries ranked in the top 5? Where does your country rank?
6. World’s Most Prosperous Countries: Where Do the U.S., Canada and Others Rank?
The Legatum Prosperity Index survey, as shown in the following table, ranks countries on eight different attributes, and then consolidates those attributes into an ‘overall ranking’. The report says that the U.S. has fallen out of the top 10 (to #12) in the ‘most prosperous country ranking’ increasing doubts about the health of its economy and ability of its politicians. Read the balance of the article to see where your country is ranked overall and in each of the 8 different categories. Words: 520
7. Who Are the World’s Happiest Citizens? Where Does Your Country Rank?
According to the 2nd annual World Happiness Report of the Earth Institute, sponsored by the UN, Canada slipped to 6th place among the world’s happiest countries, Australia ranked 10th and the U.S. dropped down to below that of its neighbours to the south including Costa Rica, Panama and Mexico. Where does your country rank? Read on!
8. Where Does Your Country Rank Among the Top 25 In Global Manufacturing Cost Competitiveness?
Change in wages, productivity, energy costs & currency values are dramatically redrawing the map of global manufacturing cost competitiveness. The new map will surprise you.
9. World’s Biggest Debtor & Creditor Economies: Where Does Your Country Rank?
In absolute size of net foreign liabilities the U.S. leads the way but, as a share of GDP, its position is much less than that of Spain & Poland who exceed the acceptable level of 60%. Where does your country rank?
10. Monthly Personal Income (After Taxes) by Country Worldwide
This infographic shows the difference in Monthly Personal Disposable Income around the world using data from 2014. In this context personal disposable income refers to the income per person after all taxes have been paid.