The Richest Countries in the World
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- čas přidán 2. 04. 2020
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Do you agree with the rankings? Or what are the world's richest countries, in your opinion?
(also yes Dubai is part of the UAE, my bad)
According to the GINI index, I would say that in Bulgaria we're equally poor :D
Why didn’t you say Nigeria? It isn’t racist ,but due to you not saying their name just disrespects Nigeria
Srbija best country
3:05 you painted Crimea not Ukrainian ? dislike
Edit: on the other hand, not on the other maps. OK, like, but be careful in the future ! the video is great otherwise !
I'd say to count how rich the country's people are we have to multiply Gini Index by GDP per capita and by somethinglike BigMac Index
Germany: My economy is doing great
EU: *Our* Economy
Haha Ikr.. greetings from the Netherlands.
😂 Litteraly laughed my ass of as a german
Hahahahahahaha
Lol so true 😂💯
UK. I’m going home
"or this country here" youtube really doing us like that
Nigeria if you were wondering
I swear I was about to post this 0-0
I knew it. it was nigeria
YT and the bad system
sykahh why couldn’t he say nigeria ?
Moldova and Belarus be like: we might be the poorest in Europe but at least we are poor together.
Actually that's what it's like in a socialist country
@@flopunkt3665 it was they were poor so they decided to take a try of socialism, and failed.
@@spqr950 all of Europe was very poor back then. That's why so many Europeans migrated to America.
But Western Europe made some tremendous progress, while Eastern Europe just stayed poor. And that's what I blame socialism for.
@@flopunkt3665 Ah, not the same history period. Large scale migration from Europe to the US ended by the era of Victoria, when Soviet Union was still Russia Empire. And these eastern European countries, some of them were former soviet members and the others were vassals of soviet after wwii. these countries were either destoried in wwi or wwii, and some also had pressure from mighty soviet union so they could only choose socialism. they were set into soviet economic system and forced to only produce a few kinds of products. thus only the soviet union could have all the goods and these countries could only be poor under the oppress of soviet union.
so by the time these countries chose socialism, the other half of europe was quite rich. and these countries failed not because they were socialism or you cannot explain china nowadays, it was because they were vassal states and could only serve soviet union that made them poor.
@@spqr950 I am not defending socialism but that is not exactly as it was. Lets take for example Bulgaria, Romania etc, if you check some of the statistics czcams.com/video/IjOkinxXd_s/video.html this is just an example, you will see that the soviet countries were top producers of certain resources. After they became democratic most of those countries disappeared from these statistics, just look the change after 1990 . Yes the people were poor but they were able to use services and goods for free, whilst in the West people were paying handsome money amounts for those services. Its a double edged sword and there are pluses and minuses on everything. Neither the socialism nor the capitalism are perfect systems.
USA: I'm the richest country-
Qatar: Uno reverse card.
luxemburg : hold my beer
😂👍
qatar isnt the richest country :/
@@kazuha1146 here a cookie 🍪
@@MrPegman02011 In gdp percapita (ppp) qatar is richer
„This Country here“
@@elvisionario9466 Its called Nigeria for there people who don't know
General Knowledge: *points to Nigeria* Or this country here
*Top 10 ways to avoid getting demonitized*
The Stan countries (Insert Afganistan)
Why would Nigeria demonitize a video? What problem does yt see in aying the name of a country?
@@fredmdea785 because it is similar to the N-Word
@@mariosschaf1189 I got it
Nigeria (Lagos, Abuja) is not Niger (Niamey)
UK : we're rich
India : you're welcome
India is not rich india is poor country
HuNtEr K u do realize the British tea industry is thanks to looting most of India right?
@@nishk6617 open your eyes
@@nishk6617 Actually it's more like the enitire Indian Subcontinent including Pakistan, Bangladesh, Bhutan, Nepal and Burma.
@@nishk6617 shut up looter
You could've made scorings, standardized your scorings, and add them up to get a general scoring based on all 4 to get you an idea of who would be the riches taking into account all 4 traits.
My guess is Germany or Canada.
@@Skyl3t0n That's what I'd like it to be, but I don't know if that's actually the case. Might have to look into the data myself.
We’re not the richest but still the best. We have the best capital city, culture, and healthcare
and you have a dummy thicc leader
You also have the best government and food : D
And also no covid cases
How dare you insult are glorious leader, the all mighty Kim Jong Un
No my country is the best!
Only a Portuguese speaker could pronounce “São Tomé e Príncipe” like that.
Or just about anybody else willing to learn properly.
I think he is Portuguese, he labelled Portugal as one of the world's oldest countries and it's Navy as the oldest in the world.
Yes, he's Portuguese.
EXACTLY BRO WHEN HE SAID THAT I WAS LIKE ''w-wait, let me hear that again'' EVERYONE PRONOUNCES IT AS A MIX OF ENGLISH AND SPANISH ASGDKONAGVBPKYHF SD
He is Brazilian :D
Thanks a lot in this video. I really learn a lot of new things in here!!
"Or this country here" 💔💔 😂.
Nigeria sounds nothing like the n word.
Nigeria Nigeria Nigeria Nigeria Nigeria Nigeria Nigeria Nigeria Nigeria Nigeria, see it's totally different, nothing wrong with calling out the country's name. 💔💔😔
tell that to CZcams
Kkkkkkk
CZcams’s algorithm is still too dumb, they sometimes include words close to slurs incase someone is using it as a code word. Hence no Nigeria.
Ooouuuu im telling😂
@@KayJblue pretty scummy to censor a country's name imo.
Bro this list is so wrong! Zimbabwe should be listed as one of the richest countries. Under the great Robert Mugabe everyone in Zimbabwe was a Trillionaire
Indeed they were
Eritrea is richer than Ethiopia
They were. But its value is lower. If we convert in U.S dollars they would be 69$ a month
Famous Kat N I C E
@@gutsjoestar7450 disagree. Lots and lots of millionaires (most people), many billionaires and some trillionaires. Just check how much they were earning.
7:47 Little Liechtenstein is second, I’m so proud. They grow up so fast
They are literally older than the US but I get what you mean, but for that they would have to get bigger, wouldn't they?
U get so many likes avery
Oh boy, Lichtenstein abused the european tax sytem for that "growts".
⚠️〽️🔱ALERT:STORM IN UK
@Justin Case you have literaly Just heard Journalist. No doubt there is some of that but 40% industry workers says sth Else. They manufacture things and kept their goverment pretty small and are not Just a financial power house.
These are some very interesting facts duse. Keep em coming.
it would have been cool to see the combination of the 4 criteria matched to show which countries did the best at them... very nice and imformative video...thank you
Countries that do well across all four criteria:
Germany, Japan, and Canada.
Except in the GDP growth, it's 0-2% quite stagnant or plateaued from my point of view
Nordic countries, Switzerland, Netherlands, Austria ?
Australia & New Zealand?
South Korea? France? Italy?
Spain, Austria, Ireland?
I loved the small detail when you said Scandinavian countries AND Finland. Many people still call Finland and it's really annoying as a Finn. Great video and loved the small details.
Kalm
nordic
Yes. He know how to separate the different regions in the north.
But he also said, after the ad, Middle East COUNTRIES:
Saudi Arabia
Turkey
Dubai
United Arab Emirates
Dubai? When did that city become a country. When I was there in March, it still was a city in United Arab Emirates. OK. Dubai is also an Emirate, but still....
Finland is Finland, not Scandinavia. Hälsningar från Sverige.
@@AndySwede58 i may be late, but he said the mistake and its pinned in the comment section.
Good job thanks your explanation is really good
11:59 I passed my finger over the line checking for a crack lmao
Breh
5:44
"Followed by turkey, *Dubai*, UAE"
Me: "What?"
why a small 't' for Turkey thanks
@@cancanbatu Oh sorry i didn't know this is a *"Big deal"*
Really only a small t?
Ikr. Dubai is in the UAE lmfao
@@user-jz7xp6lr6l u are talking about him saying uae and dubai differently right?
I got confused by the t guy lol
Nice background music, man. Too nice, actually. There were certain moments where I was listening to music more than watching the video
Countries should be listed on purchasing power parity and also the top source of income indicating sustainability.
Good video 👍. Keep it up 👏
Why did you say “THAT COUNTRY” for Nigeria
becuase CZcams thinks you're saying le n word
Charlie Swan demonitization
Charlie Swan yeah
CZcams needs to chill with this algorithm.
Yes , that country is Nigeria.
this whole channel is one big 5th grade school presentation, and i LOVE it
great video!!! Thanks!
The Gini coefficient chart only includes data up until 2005. Income Inequality has really increased A LOT Since then.
6:17 or this country here lol
Its nigeria
@@memesbybigchunges6856 yeah I know lol
@@memesbybigchunges6856 it's because of demonetization, he obviously know wheat country it is.
@@johskr2223 ik but why is CZcams so stupid
@@memesbybigchunges6856 because of edgy commentary channels in late 2016 I think, not too sure though
Love your videos 😍❤️
You are very honest man , I respect it
In a nutshell, Scandinavia, and Western Europe is richest.
@Sharnie Gujjar what's your definition of "western world"?
@Sharnie Gujjar if you are including all of the Americas, then the UK is quite distant from the worst
@Sharnie Gujjar thank you for your perspective. As a Latin American, I can say we generally consider ourselves very western (the economic definition of "west" is considered absurd by us). We just call the global north the "first world" or "developed world".
Sharnie Gujjar Switzerland, austria, germany, the netherlands, belgium, luxemburg, monaco, iceland and liechtenstein arent scandinavian but still very very rich
You must say #noNazi we Germans are very sensitive about being proud about our country
Pls don't take to serious but it is kinda so
Ja ich bin Deutscher und nein ich trage keine Lederhosen🇪🇺🇪🇺 Eu beste
This country here, ah! My favorite county!
Well done.Easy to understand.
Is there some stat that combines GINI with GDP per capita? Because it seems like that would be more informative, than the 2 stats taken separately.
The Gini coefficient is practically irrelevant. People regarded as poorer in rich, relatively unequal nations like the United States can afford much more in slightly-less-rich, equal nations, like China or Ethiopia. Quality of life is important; that's why the Consumer Price Index is so important.
True. Gini coefficient is only useful comparison between countries which have about equal PP corrected GDP per capita. Example would be US where difference between poor and rich is wide but still poor people can afford more than average income people in poorer European countries (There is quite a big difference between European countries for a historical reason).
Afghanistan has a much better gini score than the usa
@@3ipolarBear
Yeah, almost everyone is equally poor.
@@suokkos I would add median income per capita. Unlike average, median takes middle value, which means that one guy in population where 50% are above him and 50% are below him. Which automatically tells you that at least half of country is rich as this or more.
It solves it on both ends. Rich 1% isn’t shown so, if majority is poor, country will be shown as poor, and same way some secluded minority that doesn’t want to be part of economy, doesn’t dragged everyone’s average down.
Also it dudn't take into account thet, while America's "wealth inequality" is getting worse, our poor people are getting richer, just at a slower rate than the rich.
"I'm going to use these four criteria"
"No, wait, I'm not. The criteria doesn't work" 😂
If a country has health care, child care, elder care...those countries are rich. They may not appear on the list, using criterion used here, but they have the foundation for happiness scale. Foe example, if you become sick in some countries you can go from rich to poor quickly.
Any chance you want to do tax rates per country? Could be an interesting factor with regards to how rich a country is.
For instance, South Africa's income is lower than most countries yet the tax rate is quite high and seems to mostly affect the middle class, whilst in the UK, income is generally quite good and the tax rate seems to be a lot lower.
which tax rate? and for which class of people? there's a world of difference between corporate tax and income tax.
I think it is interesting to notice that one country in the world doesn't use the common categories to measure the wealth of its people: Bhutan. Rather than using GDP or such, it uses the GNH, or Growth National Happiness. In Bhutan, being rich litteraly equals being happy. That's a pretty nice way to see it.
6:17 that is Nigeria 🇳🇬
Nina Wicks I think he didn’t want to risk saying it wrong and getting demonized lol
@@blakehill5324 you got it :D
I am from Luxembourg and I can tell you that the result of GDP per capita is biased because it doesn't take in account the 200k border-workers who work in Luxembourg but live in France, Belgium and Germany. If we take those workers too (and we should, since they also creat wealth), the GDP per capita is much lower.
Nice video, keep going on !
I think I saw the same reasoning in a report made by Liechtenstein government. Instead of using GDP per capita they used another index because they have a lot of commuters from the neighbouring countries
How do they work in Luxembourg and live abroad at the same time? I didnt really get the comment
@@danielbozza they live in Germany/France/Belgium near the border with Luxembourg. And because of the Schengen area, travelling in and out is easy
Suggestion : how about covering the GDP or similar for nations that were once part of an empire so to compare them with other empire nations fates.
eg bahamas verses haiti etc.
The Philippines: *stonks*
The Philippine People: *laughs in starvation*
Cringe
Sad😞
@@endcolonialtreat3997 you are cringe
@@khatri664 uhhhh there's a button for the to translate word to english and it say now
@ok I’m Filipino too. My family would be considered rich here. But look around you. Go to the city. It’s fucking depressing. More than half of everyone you know is barely eating.
I see you counted Crimea as a part of Russia...
yeah because it is a part of Russia.
@@DefyDistrict It is part of Ukraine and not Russia. Ukraine and 114 other UN member states do not accept the Russian annexation.
omfg than how about you go to crimea and say its Ukrainian then
@@DefyDistrict Petty simple, russian nazi should move their solders from Crimea away and then I can be able to do it.
78, are you russian mate?
Heh I loved how that red cross appeared when talking about proper investments of the USs money
Hi, is there already comparison video by country on forest cover, remaining forest and historical CO2 contribution? If there's none could you make one? Thanks in advance.
That went right over my head...great video though!
Some of the reoccuring top scorers in multiple indexes are Norway, Switzerland, Iceland, Ireland and Denmark, which by most accounts, are the most livable places in the world.
Only Switzerland if you want a decent climate.
I absolutely love the way he pronounces countries like the Portugese countries
Best yours video, realy, u done great job
I think that one good approach to see what is the best country to live in, could be to give weights to these rankings and adding them. I would give these weights:
1 x Total GDP
10 x GDP per capita
1 x Gini index
6 x GDP Growth
What would be the ranking when you sum up the 4 rankings multiplied by the weights I am giving above? I think this would be a good measure. Just curious...
none are good measures of how well your average citizen in a country is doing.
i would rather use literacy rate, graduation rate, median household income, overall health, life expectancy and happiness
Me as a person from Switzerland starting to watch this video with hope :)
chlar, mir alli..
Oh, so you're from Switzerland
Pls give me some money, I know you have a lot.
@@tilerloh892 😂😂😂
So are you from the German, French or Italian region?
I just watch this video to see switzerland metioned
USA: im first yall terrible with money!
China: pfft everything you sell is made by me ...
USA: idk im RIIIIICH !!!
China: I steal all your ideas and don't respect human rights. That's how we are rich
@@majesuhernandez3965 and US respect human rights? *cough* *cough* BLM *cough* *cough*
Pakistan will be 16largest gdp 4.8trillion 2050
Thanks to us. We got rid of our industry for a reason.
@N Shivam Kumar Brah. Im in neither of these countries. Ofcourse I get to say it.
A useful measurement is gdp per capita PPP which is per capita but it shows what a person can purchase for how much gdp that is since 100usd will go a lot further in thailand than the usa
My dude. In your segment regarding the Gini coffecient, why are you overlooking Kazakhstan and Pakistan?
So Canada, Australia and New Zealand are the places to be?
5:46 he said the highest GDP in the middle East are
Saudi Arabia
Turkey
DUBAI
UAE
DUBAI is part of UAE
Mistake
lol you're right
He wached yakoo more than he should
He avoided Israel
@Russel Lord Israel is the biggest aid receiver per capita, the media been beefing it up. And yah without aid Israel economic as countries would be worst than Dubai economic if we make it country
I saw a video that Thomas Sowell made that discussed 2 major geographical issues with Africa, which are the lack of navigatable rivers and ports.
really now you missed the most important part: you should find a way to multiply GDP per capita with the inverse Gini coefficient; I'll go on a wild guess and presume the best ranking would go to Monaco and Luxembourg for differing reasons (first is a conglomerate of millionaires and the second contains high level professionals) but if you include "servants" maybe get mixed results
At 6:17 "...and this country, here."
You mean Nigeria? The largest country in Africa in terms of population?
Omar why if he says Nigeria's name he would get demonitized please explain i am trying to understand how CZcams is being a totalitarian trash
@@asssww11 easy, cuz of N words.. remember Pewdiepie got numerous law suit regards with demonetise? Yeah, he may not say N word but still its utube thing
Elie Ghanime because CZcams algorithm is trash
Didn’t want to get demonitized (Niger-ia, youtube is stupid)
12:40 income equality is not necessarily fair people who contribute more should obviously receive more.
Also high income equality equals less economic growth .
Norway laughs at you rs
I have been watching videos (since the time of "fun with flags") on your channel for a long time (over 3 years), and enjoyed all the videos that I watched until this one which highly disappointed me. Please, what do you mean by "and this country here"? What did Nigeria or Nigerians do to you?
Me as an African seeing this👁️👄👁️!!and not even one single country is there😂😂
Dont be sad brother... 😊 Every people should be grateful with their life🙏
Big brain idea: Multiply Gini coefficient by GDP per capita, and divide by the Consumer Price Index!
Divide by Gini coefficient, instead, 'cause the higher, the worse
Bias by population size is way less of a bias then you make it seem to be as GDP per capita is fairly close the the median income of the citizens.
Talking about that, that's also a map I would be very interested in since it represents regular citizens the most
Oh so the median income of Qatar is 2.3421 million? Tell that to to all those workers.
It's all about the wealth distribution my guy
Loved the video. One suggestion. 12:10- write the countries names rather than or in addition to using just flags. Most people do not know which flag belongs to which country, so although flags look pretty, left with a graphic that you do not know what it means.
I want you to do a video on 10 highest countries by life expectancy
I live in Canada, in a small town. When I went to Panama this winter, I found out that there are no need to plow roads, salt or sand them, no need to heat ones home, no need to store up crops for winter, insulate your house.... So although we are quite hard working and rich and fairly egalitarian here, we also need to be. Life is harder here. It is wonderful and I am glad to live here but we do need more resources to survive up here then they do in the tropics. Of course they have other issues there but I still say that the baseline costs are much lower in tropical places so less $ are needed per person
Well, kind of. Tropical countries usually have problems with diseases and there's also the need not to insulate, but to refrigerate. In contrary to northern countries who only have to use those resources for heating in the winter, we have hot temperatures all year round. So in the end, it's kinda of the contrary
Awesome Tom 👍👍 Nice analysis bro 👍👍👍👍
@@unterplaink1526 True, and also the tropics is a large and varied place. Panama though, Costa Rica too, I bet that if you tallied the hours an average person worked to live there with basic necessities then over the course of a year you would find that there is a lot less work needed. Less then half the clothing, no skis, skates, snowboards, boots,etc. No insulation in a home, no wood to cut, split and haul for heat. Surely refrigeration is a bigger issue as are insects, disease and fungi. I need a heating and cooling unit here. Where I live we get deep winters. There is a lot of snow to plow. Winter is amazing, but my baseline stuff load is more then double what I would need in the tropics
@@tomkelly8827 bro it's been a year
None of these parameters indicate wealth. You should take into account the percentage of population that has its own real estate, average salary and pensions, size of foreign investments (per capita?), international credit rating, external debt, size of population's savings in the banks, etc. Then there would be some sense in judging different countries and their "wealth".
There's no study or link that can document that. We work with what we have
If you look on the strongest economy the netherlands is definetly part of the top 20 and there was a good prosperity here
Os teus videos sao optimos! Bom Trabalho!
Its "interesting" point of view to claim that the amount of money going to the state woud be indicating that it generates the quality of life. As a citizen of a nordic country I know that the high level of tax also makes the public sector to grow and become a burden.
4:22 "Most of us don't spend our time learning"
Me watching this video... "Wait wha-"
I think a list of top 10 Gini but only with gdp per capita above 20k, and excluding city-states, would make a reasonable list of top 10 "prosperous countries" (or something of the sort)
The Netherlands Is Rich!
*STONKS*
12:09 you should correct this: not the "most income inequality" but "least income inequality"...
6:47 "Mongolia and Stans in Central Asia"
Pakistan (in South Asia and painted same colour as Malaysia): *Why are we still here? Just to suffer?*
Bhai Malaysia bhi kaha bola usne us chej me
Finally a Pakistani
@@iamaliveineverything.5452
Malaysia usse pehle bola tha jo "good" ki category mein aa raha tha.
Mongolia is east nt central....rest of the stans r central
He said the stans in central asia pakistan isnt in central asia
13:31 i know having a darker shade of green doesn't mean the country is richer but damnn seeing romania has basically improved the most in europe is just🥺🥺🥺
Dragostea Din Tei
Your videos are awesome. And provides a great knowledge. But the only thing that hits/poke the eye alot is the wrong Map of India being shown, where one of the part is shown as a part of Pakistan, which is not the case. Please do look into this.
8:10 - map from 2010...
I'm impressed how you never mensioned the Netherlands, even though they were (almost) top tier in every category
irrelevant country🤷🏽♀️
@@blancavelasquez9859 tell that to the east indies.
Its also funny that our biggest company ever has more money than almost all countrys
Only china and the us stand higher than the voc in gdp
@@dimactavicus tell it to me.
I like that he had meme man as germany with stonks
I think per capita makes much more sense on average.
Otherwise you have boosted numbers if two states are merged, and halved if two states split, but the total amount of wealth hasn't changed...
Especially the whole world going to be red this year
Everyones wanting to see their country and I dont even need to see this video to know where mine is..
Gdp growth rate on libya and ethiopia: *STONKS*
So surely the inverse of the Gini rating multiplied by the GDP/Capita would be the best rating?
Your Portuguese pronunciation is perfect!
The guy is from Portugal.
The philippines was the richest in Asia long time ago :(
Rip Rich Philppines 1960-1982
phillipine is still rich, but another country grow their wealth and surpass rich country before like phillipine and thailand
for extance South Korea, they grow from zero to hero
That’s not right China became rich In the 70s
Benjamin Rich Yes, and Hong Kong, Singapore and Taiwan become rich at 1960-2020. So Philippine is not the richest in Asia !
Bulshit dds
Why don't we try vote BBM?
Russia "stretches from the Baltic sea to China"
General- Let's have a look at Moldova!
Russian empire stretched to the Americas and the doorstep of india
5:46 Saudi arabia, Turkey, Dubai(An emirate in the uae), U.A.E etc
2 Questions
Does this video take into account that the USA is in debt by 23 TRILLION?
Does this note that when nations like ireland have a rich u.s company based there its for tax haven status, an so it dont bring any richness to its host nation.?
I don't like ads, this is why I pay CZcams Premium so it bothers me when videos have sponsor spots.
Você que lute
Just kidding, sorry kwjsksk
why would you pay when there is adblocker LOL
Yeah ikr,like who cares if you need sponsors to be able to afford to make content
*Scoffs in entitled*
@@thetechoasis2179 maybe he's using Android, I mean u can still use some species of adblock and u can use a modded youtube like me (CZcams Vanced)
@@thetechoasis2179 because you might want to use the mobile app?
Funny how covid map is so similar to this, right?
Go to a poor country, never get covid!
A question
What countrie is general Knowledge
Maybe UK USA or Portugal
His automatic corrector and 1st flag video point to portugal
Nice 😊
9:56 Nazaré Tedesco FTW!
I'm surprised you didn't come with with a General Knowledge Index (GKI) by multiplying the GDP per capita by the decimal Gini index. That would be very interesting.
The overall trend towards worse wealth distribution may be related to money printing (MMT, QE). It’s known as the Cantillion Effect.
so my parking meter to pay rent online/on season was?? east of Aussie here & it's a lightweight material...