'The Economist' took into account GDP per capita, took into account differences in prices between countries as well as citizens' working time, and it turned out that Norway is now Norway's richest country in the world.
Poland is in 35th place, and I think it truly gives our position back.
Wealth is not only good money, but besides the cost of living.
Working time is besides important: in any places advanced incomes are achieved with less working hours, which leaves time for rest.
So which countries are truly rich?
To answer that question, they ranked 178 countries utilizing 3 different measures.
1. The first is GDP per individual at marketplace exchange rates - a simple, intuitive and frequently utilized tool.
2. The second measurement corrects the gross just as mentioned local costs - it is simply a purchasing power parity; PPPs.
This is simply a better guide to the local standard of living, but does not include leisure time, and the percent of people working and working time varies from country to country.
3. They have so besides introduced a 3rd measure, which takes into account both local prices and hours worked.
The graph shows how countries fall out according to these measurements
