Stats: 3,185,618 members, 7,926,826 topics. Date: Tuesday, 20 August 2024 at 11:32 PM |
Nairaland Forum / Nairaland / General / Business / Top 20 Richest & Poorest Countries In The World's $94 Trillion Economy (Photos) (48912 Views)
This Is What 200naira Would Get You In Buhari Economy(photos) / Claim $94 Worth Of Free Crypto / Nigeria Leads In African Start-up Funding With $94.9m (2) (3) (4)
(1) (2) (3) (4) (5) (6) (7) (8) (9) (Reply) (Go Down)
Re: Top 20 Richest & Poorest Countries In The World's $94 Trillion Economy (Photos) by BePrepared: 8:20pm On Mar 18, 2022 |
FutureIsFemale: You don come again |
Re: Top 20 Richest & Poorest Countries In The World's $94 Trillion Economy (Photos) by 1stGenAmerican(f): 8:24pm On Mar 18, 2022 |
I’m shocked to see the amount of people that don’t understand basic economics. |
Re: Top 20 Richest & Poorest Countries In The World's $94 Trillion Economy (Photos) by smeag0l(m): 8:27pm On Mar 18, 2022 |
So this is because GDP isnt an objective nor qualitative measure of how wealthy a country is. GDP just measures how much economic activity that ocurred within a country in a time frame. The weskth of a coubtry is determined by fhe difference between its assets or reserves and its debts and how much potential the country has in converting resources into value. Based on this definition, Nigeria is a poor country. GDP doesnt measure or take into account the things that make life worthwhile. It doesn't account for leisure, inequality in pay, gap between rich and poor, education and infrastructure, impact of technological advancement, air quality etc. Generally, it doesn't account for the quality of life or standard of living. This is why we have a high GDP but over 70% of our population live below the poverty line. Nigeria is a poor country with very poor citizens. Period!! Zico5: 3 Likes |
Re: Top 20 Richest & Poorest Countries In The World's $94 Trillion Economy (Photos) by BigBashiru: 8:29pm On Mar 18, 2022 |
obedience4: Great question! And I'm glad you asked.... For years, Canada, USA, Australia and New Zealand, France and Germany and western europe had been promoted as the "developed countries".... the question is "what makes a country developed?".... I argued that with someone on nairaland not too long ago and the summary was that 1. it's not by infrastructure 2. The so called developed countries is really just a marketing term aimed at marketing English colonies I.e. Canada USA Australia etc.... these are all what is called settler colonial countries and claiming "developed" is the only way to attract immigrants to fill the colonies.... Short answer: it's a name they gave themselves. Saudi is more developed than UK and Australia but you will never hear them called developed. |
Re: Top 20 Richest & Poorest Countries In The World's $94 Trillion Economy (Photos) by smeag0l(m): 8:32pm On Mar 18, 2022 |
Add religion to your list Angelfrost: |
Re: Top 20 Richest & Poorest Countries In The World's $94 Trillion Economy (Photos) by Angelfrost(m): 8:34pm On Mar 18, 2022 |
smeag0l: The biggest culprit of them all! |
Re: Top 20 Richest & Poorest Countries In The World's $94 Trillion Economy (Photos) by jaxxy(m): 8:35pm On Mar 18, 2022 |
Zico5: I'm just wondering how Nigeria is on that list South Africa isn't?? ![]() It's more than evident now that Nigeria is a rich bt high corrupt and mismanaged country. |
Re: Top 20 Richest & Poorest Countries In The World's $94 Trillion Economy (Photos) by smeag0l(m): 8:39pm On Mar 18, 2022 |
There is a reason why US has these debts. Not because they dont have the money to pay or cant pay but because the world economy needs a balance. China and Japan run the two next biggest economies to the US and they both run a budget surplus economy. You need another country with such big economy to run a budget deficit economy and that is what they US is doing. Otherwise, the world economic metrics will be heavily skewed ArewaNorth: |
Re: Top 20 Richest & Poorest Countries In The World's $94 Trillion Economy (Photos) by Bamzyriches451: 8:40pm On Mar 18, 2022 |
Damn! Omo naija dey top 30 gan |
Re: Top 20 Richest & Poorest Countries In The World's $94 Trillion Economy (Photos) by Tmberwolf1: 8:49pm On Mar 18, 2022 |
Yamiriflathead:Honestly, I don't know what is wrong with them... The country is cursed. |
Re: Top 20 Richest & Poorest Countries In The World's $94 Trillion Economy (Photos) by BigBashiru: 8:49pm On Mar 18, 2022 |
Angelfrost: Because the list is compiled by the west. The issue is for a long time, the west had assumed a leadership role.... SERAP in Nigeria should publish its own list and put Nigeria first.... that's how it's done. |
Re: Top 20 Richest & Poorest Countries In The World's $94 Trillion Economy (Photos) by pafra(m): 8:49pm On Mar 18, 2022 |
Arcbox: Check the definition of GDP again. Your analysis of family was wrong. You were analysing per Capital income. I guess you are an economist |
Re: Top 20 Richest & Poorest Countries In The World's $94 Trillion Economy (Photos) by NairaMaster1(m): 8:51pm On Mar 18, 2022 |
Geminiboi: How many oil rich country made the top 10? |
Re: Top 20 Richest & Poorest Countries In The World's $94 Trillion Economy (Photos) by smeag0l(m): 8:53pm On Mar 18, 2022 |
Exactly. GDP doesnt show the true picture of wealth. It is when you divide the GDP by population and then consider inflation, unemployment rate , balance of trade and human development index that you get the true picture of the wealth of a coountry and its citizens. Gamesmart: 3 Likes |
Re: Top 20 Richest & Poorest Countries In The World's $94 Trillion Economy (Photos) by smeag0l(m): 8:55pm On Mar 18, 2022 |
Dont mind them. People think just looking at that data tells you anything. Divide the US GDP by its 300 million population and the chinese GDP by its 1.4 billion population and youll see who the master is. Goahead: |
Re: Top 20 Richest & Poorest Countries In The World's $94 Trillion Economy (Photos) by chaloskyx: 9:05pm On Mar 18, 2022 |
imagine we are nos 29 even with bad governance so if we now had good governing system what number would we be? Nigeria has potentials but bad governance, tribalisim, ethnic bigotry and the peoples non reluctance in ensuring they elect good politicians are our downfall |
Re: Top 20 Richest & Poorest Countries In The World's $94 Trillion Economy (Photos) by Solofresh2: 9:05pm On Mar 18, 2022 |
Kingpele:Nigeria is rich my brother Na our useless leaders dey chop the money. Nigeria would have been better than this if not for very poor leadership |
Re: Top 20 Richest & Poorest Countries In The World's $94 Trillion Economy (Photos) by Aaay: 9:10pm On Mar 18, 2022 |
Japan has the most powerful passport |
Re: Top 20 Richest & Poorest Countries In The World's $94 Trillion Economy (Photos) by obedience4(m): 9:10pm On Mar 18, 2022 |
BigBashiru: You still didn't answer the question... What makes a country develope? Seriously I want to learn.. If you say Saudi is more developed than the UK.. I really want to know.. Saudis that women can't drive cars. That women can't divorce men, women can't hold political offices, women can't go outside without a Male companion.. Women don't go to concerts... Just educate me.. I really want to learn |
Re: Top 20 Richest & Poorest Countries In The World's $94 Trillion Economy (Photos) by BigBashiru: 9:12pm On Mar 18, 2022 |
obedience4: Let me use Canada and usa as an example. They are normally hyped but in my opinion they not developed....what makes a country developed is the civilization behind it.... that's my view tho.....the strength of the military as well.... as well as the income per capita after taxes.... this is just my own opinion after taxes and expenses (Nigeria is better than UK and Canada in this measure).... |
Re: Top 20 Richest & Poorest Countries In The World's $94 Trillion Economy (Photos) by kernniejay(m): 9:16pm On Mar 18, 2022 |
FutureIsFemale:If the gender that gave Adam the forbidden fruit to eat had not done so, the world would have been a nice place. |
Re: Top 20 Richest & Poorest Countries In The World's $94 Trillion Economy (Photos) by prophetfire: 9:31pm On Mar 18, 2022 |
Kramerr:. Nigeria is the richest African country, but SALA is killing majority of the citizens. Shiooor!!!!!!! |
Re: Top 20 Richest & Poorest Countries In The World's $94 Trillion Economy (Photos) by obedience4(m): 9:38pm On Mar 18, 2022 |
BigBashiru: You said civilization.. How is the UK and US not civilized.. The UK has one of the best educational systems in the world.. Top schools like Oxford , Cambridge are all UK schools... MIT and Harvard are US schools. these schools are the best of the best in the world.. In terms of politics and transportation, medicine the UK and US are pioneers of it.. Even your president gose their for checks up. . Then you said military, the united States is the best in the world.. Have the largest Navy and air force.... You also said income per capital.. This is even the worst point. ![]() Calm down.. The UK and the us are far developed than Nigeria . Nigeria according to the World bank is among the developing countries.. Even Singapore with is infrastructures are still tag developing countries 2 Likes |
Re: Top 20 Richest & Poorest Countries In The World's $94 Trillion Economy (Photos) by Gamesmart: 9:41pm On Mar 18, 2022 |
smeag0l: I just could not understand how a person would have "writer" in their moniker and make such a judgement. The moniker suggests the person is an adult and the person's profession involves writing. The same person, after all his/her education and profession, does not know GDP is not a judgement of Wealth? The person did not have any grey matter working to review himself/herself after seeing that "Nigeria is the richest in Africa"? |
Re: Top 20 Richest & Poorest Countries In The World's $94 Trillion Economy (Photos) by BigBashiru: 9:45pm On Mar 18, 2022 |
obedience4: 1. United States was formed around 1776... by taking over aboriginal land thru genocide of them by British Island savages. Nigeria on the other hand - Oyo, Benin had existed for thousands of years. So Nigeria and Africa are more civilized. We can even see the effect today where British Island savages and americans (who in the real sense are western Europeans) tend to be drunks, anti-social and uncivilized. 2. Your idea of civilization is by school but western Europe isn't where civilization originated. Just give me about 2-3hrs and il expand this response. But yes I agree that militarily the western Europeans and Americans are more advanced but that's only due to the set back as a result of 400 years of colonialism. Brb |
Re: Top 20 Richest & Poorest Countries In The World's $94 Trillion Economy (Photos) by Workch: 9:52pm On Mar 18, 2022 |
GDP PPP is the real deal for measuring richest countries in the world. GDP alone won't give you the clear picture |
Re: Top 20 Richest & Poorest Countries In The World's $94 Trillion Economy (Photos) by gidjah(m): 9:56pm On Mar 18, 2022 |
Our population is our curse .the riches refuse to spread partly due to bad leadership syatem . Self centeredness and disloyalty the majnor reasons |
Re: Top 20 Richest & Poorest Countries In The World's $94 Trillion Economy (Photos) by VEHINTOLAR: 10:11pm On Mar 18, 2022 |
If the humongous population of India is taken into an account,the country can be said to be rich in the through sense of it. The vast majority of almost 1.4 billion population of India live below poverty line. The same thing is applicable to Nigeria. Nigeria is unbelievably blessed but her wealth is effectively in the hands of some very few individuals. |
Re: Top 20 Richest & Poorest Countries In The World's $94 Trillion Economy (Photos) by internationalman(m): 10:29pm On Mar 18, 2022 |
BigBashiru: Are you not even ashamed with the kind of arguments you are putting up. Of all countries in the world to compare Nigeria with you choose UK and USA?? Really, the two countries the world owes half of its inventions to.. Even the other so called developed countries like China and your Saudi Arabia go there to learn a thing or two from them.. Do you even know New York has been developed over a hundred years ago more than some cities current development... California GDP is about 3 trillion dollars which is bigger than the whole of Africa.. You mentioning Nigeria alongside the US that is leading in all areas like Education Infrastructure Technology Military Medicine Entertainment World billionaires Economics.. The list is endless. Nigeria, a country where you wear your shoes to step out in the morning and return with mould allover the soul in the evening.. Poto poto republic with open and smelling ghutters everywhere is what you are comparing with the US and UK... Please don't even get me started. 1 Like 1 Share |
Re: Top 20 Richest & Poorest Countries In The World's $94 Trillion Economy (Photos) by Panda7: 10:46pm On Mar 18, 2022 |
I think the GDP of a country is influenced by its production. countries that practice a mixed economy system would mostly have a good GDP. |
Re: Top 20 Richest & Poorest Countries In The World's $94 Trillion Economy (Photos) by presido997(m): 10:50pm On Mar 18, 2022 |
tolakush92: My phone face i.d is saying problem Detected with TrueDepth, face i.d disable, the phone is Xsmax, can u do it asap? If yes drop ur number |
Re: Top 20 Richest & Poorest Countries In The World's $94 Trillion Economy (Photos) by DAMIMONY: 10:51pm On Mar 18, 2022 |
falseprophet:From your name I know you are doomed,,false prophet |
(1) (2) (3) (4) (5) (6) (7) (8) (9) (Reply)
Naira Redesign: Old, New Notes Are Legal Tender – CBN Reveals / IRON & STEEL SALES/SUPPLY, FABRICATIONS @ BEST PRICES / Angry Nigerian Man Strips Naked At Gtbank To Request Back His Stolen Money
Viewing this topic: 1 guest(s)
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 70 |