Identify the five countries with a high income per capita.
Explanation of Solution
Table-1 shows the data of per person GDP level of different countries in 2014 as follows:
Table -1 | |||||
High-income countries | Income per person | Middle-income countries | Income per person | Low-income countries | Income per person |
Singapore | $78,958 | Portugal | $26,175 | China | $12,599 |
Norway | 63,999 | Greece | 24,570 | Egypt | 10,049 |
Switzerland | 55,275 | Malaysia | 24,460 | Indonesia | 10,033 |
Hong Kong | 52,552 | Poland | 23,966 | Ukraine | 8,267 |
United States | 52,118 | Russia | 23,293 | Philippines | 6,649 |
Ireland | 48,400 | Chile | 21,980 | Bolivia | 6,235 |
Netherlands | 45,662 | Romania | 19,104 | Nigeria | 5,639 |
Germany | 43,559 | Venezuela | 16,751 | India | 5,439 |
Australia | 43,256 | Mexico | 16,284 | Bangladesh | 2,979 |
Canada | 42,774 | Botswana | 15,359 | Uganda | 1,689 |
United Kingdom | 38,149 | Brazil | 15,162 | Niger | 895 |
Japan | 35,635 | Thailand | 15,012 | Malawi | 784 |
According to the World Bank report, Table-1 represents the data of the per capita GDP of different countries. From the Table-1, the high income per capita countries are Country S ($78,958), Country N ($63,999), Country SW ($55,275), Country HK ($52,552), and Country U ($52,118). Based on the method of
Table-2 shows the growth rate of per person GDP for high-growth, high-income industrial, and low-growth countries from 1990–2014 as follows:
Table -2 | |
High growth | Growth of per person GDP (1990-2014) |
China | 9.2% |
Vietnam | 5.5% |
India | 4.8% |
Sri Lanka | 4.5% |
South Korea | 4.4% |
Panama | 4.2% |
Chile | 3.7% |
Dominical republic | 3.7% |
Poland | 3.6% |
Malaysia | 3.6% |
According to Table-2, none of the high-income countries are ranked among the fastest growing countries in the world in 1990.
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