The United States is the richest country in the world by GNP, and has held the position for a while now.
Economists measure a country’s wealth by looking at the value of the goods and services it produces each year.
They call this the GNP, which stands for gross national product.
The United States had the world’s highest GNP by far, nearly $8 trillion in 1998.
Japan was second, with $4 trillion, followed by Germany, France, Great Britain, and Italy, in that order.
Another way to measure wealth is to divide a country’s GNP by the number of people who live in that country. This is called the gross national product per capita.
Using this measure, the world’s richest country is Luxembourg, not the United States.
The next richest countries are, in order, Switzerland, Norway, Denmark, Japan, and Singapore. The United States ranks seventh.
Of the world’s 6 billion people, 1.5 billion live on $1 a day or less.
More money is spent by tourists in the United States than in any other country in the world.
Spain, France, Italy, and the United Kingdom, in that order, are the next leading countries for tourism spending.
Related Posts
-
What Is the Richest Country In the World and Which Country Has the Highest Gross National Product?
The United States is the world's richest country, followed by Japan. Economists measure a country's wealth by looking at the total value of the goods and services it produces each year. They call…
-
Why Is The Ivory Coast The Richest Country in West Africa?
During the sixteenth century, European ivory traders visited the coast of West Africa. They named part of that region the Ivory Coast. For a time, other regions in West Africa were called the…
-
Why Is South Africa the Richest Country In Africa and How Much Gold Does South Africa Export?
Today, South Africa is the most industrialized country on the continent. It grew rich because Dutch colonists discovered gold and diamonds there in the late 1800s. South Africa still supplies about one third…
-
Which European Country Has the Largest Population and What Is the Biggest Country In the World?
Russia has the largest population in Europe, with 142 million people in 2010, that's about half as many people as in the United States. Covering more than a ninth of the Earth's land…
-
How many countries were involved in World War I and When did the United States join World War I?
World War I lasted from 1914 to 1918. It began as a war between two European countries, Austria-Hungary and Serbia. The underlying causes of the conflict were rooted in European political and economic…
-
Does Mexico Have States Like the United States and How Many States Does Mexico Have?
Mexico has 31 states and a federal district, Mexico City, which is the capital. Mexico, Central America, and the West Indies are home to numerous different languages and cultures. Many countries are former…
