2007-02-03 03:35:10 · 12 answers · asked by Sandra B 1 in Social Science ➔ Economics
The answers above are correct in a simple way -- looking at pure income per capita. However, the cost of living in many of these countries is very high. So, once you correct for that -- economists call it purchasing power -- you get slightly different results. In particular, note that Switzerland gets pushed down the list, and Hong Kong gets lifted.
1 Luxembourg 69,800
2 Norway 42,364
3 United States 41,399
4 Ireland 40,610
5 Iceland 35,115
6 Denmark 34,740
7 Canada 34,273
8 Hong Kong 33,479
9 Austria 33,432
10 Switzerland 32,571
2007-02-03 04:39:42 · answer #1 · answered by Allan 6 · 1⤊ 0⤋
Per capita income in 2006 according to the World Almanac & Book of Facts and the CIA World Factbook is:
1. Luxembourg 55,600 (population is bigger than Iceland's)
2. Equitorial Guinea 50,200 (I don't believe it either)
3. UAE 43,400
4. Norway 42,300
5. United States 41,800
6. Ireland 40,610
7. Iceland 35,115
8 Denmark 34,600 (& 8b the micronation of San Marino)
9. Canada 34,273
9b. Hong Kong 33,479 (is not a country)
10. Austria 33,432
It's funny how similar other people's are.
But I always say it is important to keep in mind that per capita income
1-5. depends on how you treat taxation, inflation, purchasing power, the black economy & the exchange rate
6-7. it does not tell you how much of it is being earned by actual people & by ordinary people who are not in the richest 1%
8. it measures money changing hands - lots of money changes hands for bad things & to repair damages & through mismanagement - sometimes through the mafia & for things that would not be needed but people have no choice, and many things are accomplished & nobody is paid for them
9. It does not tell you how many hours per week people are having to work & how many they are having to commute or do mandatory forms & things
10. It does not tell you who is measuring it & how it is in this agency's interest to exaggerate it - these are estimates
11. It is not better than things like counting the number of electrical appliances in your kitchen or home (including TVs, home computers, dishwashers, ...); life expectancy & infant mortality; various alternatives in deciding how good the standard of living is
So overall Northern Europe, Japan & Canada are all top places for standard of living, as far as I've measured with Norway, Denmark, Finland & Switzerland among the very best.
2007-02-03 06:11:48 · answer #2 · answered by profound insight 4 · 2⤊ 0⤋
#1 Luxembourg: $66,463.78 per capita
#2 Norway: $54,467.23 per capita
#3 Switzerland: $47,999.07 per capita
#4 Ireland: $45,707.17 per capita
#5 Denmark: $44,742.82 per capita
#7 United States: $39,452.74 per cap
2007-02-03 03:43:01 · answer #3 · answered by Shina Beana 4 · 2⤊ 0⤋
Luxembourg
The US will soon fall out of the top 10 due to so many dipshits spending all the money and babyboomers neglecting to plan for their retirements.
2007-02-03 04:06:51 · answer #4 · answered by Kitty 6 · 0⤊ 0⤋
Luxembourg.
2007-02-03 03:43:56 · answer #5 · answered by Scrumpy 3 · 0⤊ 0⤋
It depends on what you are measuring. Bhutan is one of the poorest nations in terms of money but is considered the richest in terms of Happiness which is the official measure there
2007-02-04 04:13:41 · answer #6 · answered by Anonymous · 0⤊ 1⤋
Kuwait
2007-02-03 03:41:52 · answer #7 · answered by Clown Knows 7 · 1⤊ 0⤋
they are the much more first one is Luxemburg
Reindo United States Joined Brazil Argentina Denmark Australia Canada
2007-02-04 03:59:27 · answer #8 · answered by looknewyork 1 · 0⤊ 2⤋
http://www.nationmaster.com/graph/eco_gdp_percap-economy-gdp-nominal-per-capita
2007-02-03 03:43:07 · answer #9 · answered by rainmagg 2 · 0⤊ 0⤋
Well they say Luxemborg on the internet atleast.
2007-02-04 10:45:44 · answer #10 · answered by Anonymous · 1⤊ 0⤋