Which are the 10 richest countries in the world and what is India's rank on?

Measure of wealth?

Usually, the wealth of a country is measured by its Gross Domestic Product or GDP.
GDP is formed by adding the production of goods and services of a country in a given period, it is seen as an indicator to show the wealth of a country.
This is the most famous and widely used measure, in which, among other things, it is known that-

How much money can the government spend on sectors like education and health?
However, people have also been raising questions on this scale that the scale should be Gross Domestic Product or GDP per capita.
List of the ten richest countries in the world according to the data of October 2022 of the International Monetary Fund and Visual Capitalist:-
- 10. Italy US $ 1.99 trillion
- 9. Russia US $ 2.113 trillion
- 8. Canada US $ 2.2 trillion
- 7. France US $ 2.778 trillion
- 6. Britain US $ 3.199 trillion
- 5. India US $ 3.469 trillion
- 4. Germany US $ 4.031 trillion
- 3. Japan US $ 4.301 trillion
- 2. China US $ 18.321 trillion
- 1. US $ 25.035 trillion
According to the current assessment of the IMF (2023), the ten richest countries in the world on the assessment of GDP per capita:-
- Luxembourg
- Singapore
- Ireland
- Qatar
- Macau
- Switzerland
- Norway
- United Arab Emirates
- Brunei
- USA
Except US No country from the first list is included in the second list.
Despite contributing nearly 20% of the global GDP, it is ranked 10th in the second list.

Forbes has ranked Luxembourg, one of the most beautiful countries in the world, first in this list of rich people.
Luxembourg's GDP per capita is 131,380 US dollars.
With an area of 2,586 square kilometres, Luxembourg is the seventh smallest country in Europe.
Its GDP is 88.56 billion dollars and its population is just 6 lakh 53 thousand.

Actually, it is the world's largest banking centre. There are more than 200 bank institutions here in the capital.
This country is a hub of industries as well as an import-export economy based on financial services.
There are also many small and medium-sized industries.
It also invites foreign businessmen due to tax concessions.
Citizens of neighbouring countries like France, Germany and Belgium work in Luxembourg, contribute to the GDP, but they live in their own country.
The minimum wage in the country is US$ 2,488 per month, while the average salary is US$ 5,380 per month.

It is the fifth economy of the world on the scale of GDP.
On the scale of GDP per capita, India ranks 144th in the list of 194 countries of the world.
Among Asian countries, India ranks 33rd in this list.
The national average of minimum wage in India is $ 16 per day, i.e. about $ 65 per month.