Daily Times

It is widely believed that American and European states are the richest in the world. But in actual the Asian states have suppressed them in this regard. According to MSN, North America, home to less than 5 percent of the global population, accounts for about one-fourth of global economic output. Meanwhile, in South Asia, where nearly 25 percent of the world’s population resides, the region’s economic activity accounts for less than 4 percent of global gross domestic product. Using data from the World Bank, 24/7 Wall St reviewed the GNI per capita of about 180 nations to identify the 25 richest countries. Qatar stand at #1 with GNI per capita: $128,060. Its population is 2.74 million.

Published in Daily Times, March 21^st 2019.