Re-visiting the Wealthiest Countries in the World - Based On Average Income of Every Citizen

Bengaluru:  A country to be crowned as the richest in the world is measured by the most commonly accepted definition GDP per capita that determine how rich the average resident of a country is. GDP per capita simply means gross output of all sectors of the economy divided by a country’s population. For a country to be considered rich; it has to have high disposable income distributed across the population.

High GDP per capita implies that people have more disposable income, allowing them access to higher number of goods and services compared to others. Apart from disposable income, unemployment rate is another important measure of a country’s wealth. Countries with low unemployment rate and high disposable income among their population are thus considered rich. Here is a look at the top 10 wealthiest countries in the world, reports Top10wala.
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