America was ranked only world No.7. So, which country the most prosperous?
Economic strength of a country is usually measured by Gross Domestic Product (GDP). Given that figure, the United States is still occupying the highest position as a rich country beyond China and Japan, last August.
However, GDP can not reflect the real wealth of nations because it could be money that was highly concentrated in a number of entrepreneurs, not government. That is why the value of Gross National Income (GNI) becomes important to measure the wealth of a country.
Here are 10 countries with the highest GNP per capita, based on World Bank’s latest data, as quoted from page Daily Finance:
1. Luxembourg
GNI per capita: $ 58.810
Illiteracy rate: 1%
The unemployment rate: 4.8%
Budget education spending per GDP: 3.7%
Is a small land border with France, Germany, and Belgium. Flanked by a large number of countries, these countries grew into one of the major business centers in Continental Europe. In the next three years, the country is planning to provide bandwidth services with a capacity supertinggi to encourage the development of sophisticated digital economy.
2. Norway
GNI per capita: $ 55.190
Illiteracy rate: 0%
The unemployment rate: 1.7%
Budget education spending per GDP: 6.7%
Is the superrich country that gets a big advantage from the export of petroleum in the 1970s. This country’s main revenue comes from oil and gas sector, as well as technology and communication. I was so rich, the country is able to fund various social programs and education without the tax burden. No wonder if there is no illiterate people there.
3. Kuwait
GNI per capita: $ 53.390
Illiteracy rate: 6%
The unemployment rate: 1.3%
Budget education spending per GDP: 3.8%
Small country in the Middle East has 9 percent of world oil reserves. Unlike the nearby oil-producing countries, the country is politically stable enough. Compared with other Gulf countries, the level of education in Kuwait is quite good. Labor absorption reaching over 98 percent, both in the field of petroleum or export of cement and bricks.
4. Macau
GNI per capita: $ 52.410
Illiteracy rate: 7%
The unemployment rate: 3%
Budget education spending per GDP: 2.2%
Special administrative regions in mainland China is a lot of revenue from exports of textiles and various manufactured products. The country is also well known as one of the world’s gambling destination Masyur enough. Even in 2006, revenues from the gambling sector than Las Vegas. The majority of residents use it as a farm business by opening a casino, hotel and resort development to attract foreign tourists.
5. Brunei
GNI per capita: $ 50.920
Illiteracy rate: 5%
The unemployment rate: 3.7%
Budget education spending per GDP: 3.7%
Like Norway and Kuwait, the main source of government revenue is from the oil industry. As many as 60 percent of its citizens living depends on the sector. Financial security to make the government able to provide free education to university. Just a note, even the Sultan of Brunei was once the richest man in the world. But lately, there are concerns, depletion of reserves of crude oil will drop the country’s living standards.
