35 Richest Countries by Median Income

n n n ‘. concat(e. i18n. t(“search. voice. recognition_retry”),’n

In this article, we’re going to take a look at the 35 richest countries in terms of median income. If you need to skip our review of the global economic environment, head to the 10 richest countries in terms of median income.

The richest countries in the world, through their average source of income, tend to have a strong economic formula that provides a wide diversity of jobs and business opportunities. The world’s most evolved economies have suffered since the COVID-19 pandemic, as things have not been the same since the pandemic. Despite the economic disruptions, the world has gone through a decade of transformative progression with the practical application of technologies such as artificial intelligence, cybersecurity, blockchain, and the metaverse, among others. However, the global economy is expected to end 2024 on a negative note: the slowest half-decade of GDP expansion in 30 years, according to the World Bank’s latest Global Economic Prospects report.

Compared to 2023, the global economy is expected to improve and the threat of a global recession is expected to fade, basically due to the strengthening of the US economy. But emerging geopolitical tensions are taking their toll. In the Middle East in particular, things seem tense with Israel’s inhumane bombardment of Gaza and Iran’s proxies acting against Israel and its allies. In addition, the war between Russia and Ukraine has entered a new phase almost 700 days after it began. On Jan. 19, Reuters reported that NATO was launching its largest exercise since the Cold War, involving approximately 90,000 troops. The training will begin in May and will test the execution of NATO’s regional plans, in the face of an imaginable reaction to a Russian attack. and European defence.

The medium-term outlook for many emerging economies looks bleak due to slowing expansion in primary economies, stagnant global industry, and tightening global monetary conditions. According to the World Bank, global expansion is expected to slow from 2. 6% in 2023 to 2. 4% in 2024, slowing for the third year in a row. While emerging economies are expected to grow by 3. 9% and low-income countries by 5. 5% in 2024. By the end of 2024, about 40% of the population of low-income countries and one in 4 countries to come will be even poorer than before the COVID-19 pandemic.

The global economy is changing its circle of expansion and Asia seems to be the most powerful region of the future. According to Goldman Sachs, China, the United States, India, Indonesia, Germany, Japan, and the United Kingdom will be the top economies by 2050. These economies are among the richest countries in terms of GDP consistent with capita. By 2075, India will overtake the United States and become the world’s second-largest economy. Nigeria and Pakistan will upgrade Germany and Japan to become the world’s fifth and sixth largest economies. The UK is tightening its immigration regulations in 2024 to prevent a large influx of migrants and stabilize the country’s hard labor market. While Germany is making its immigration more flexible because it wants a more skilled workforce. In the summer of 2023, the German parliament passed the Skilled Immigration Act aimed at removing immigration barriers for professional workers from countries outside the European Union.

Businesses are one of the greatest resources of an economy and industries reflect the strength of an economy. International Holdings Co. PJSC (ADX:IHC), Novartis AG (NYSE:NVS) and Apple Inc. (NASDAQ:AAPL) are the largest corporations in some of the world’s richest countries.

International Holdings Co. PJSC (ADX:IHC) is the largest state-owned holding company in the United Arab Emirates. On January 2, International Holdings Co. PJSC (ADX:IHC) announced the approval of a next-generation holding company for International Holdings. The new corporate holding company, 2PointZero, will include several sectors with business combinations of entities under not unusual control. 2PointZero is expected to have assets of over AED one hundred billion. 2PointZero will cover sectors such as generation and artificial intelligence, monetary services, investment banking, mining and resource management, and virtual and crypto ecosystems.

Novartis AG (NYSE: NVS) is one of Switzerland’s leading multinational pharmaceutical companies. On January 5, Novartis AG (NYSE: NVS) announced that it had obtained approval from the US Food and Drug Administration (FDA) for advertising production of PluvictoTM. FDA approval of Novartis AG’s (NYSE: NVS) existing radioligand treatment (RLT) production facility in the US increases RLT production capacity to 250,000 doses. RLT’s new production facility is a 70,000 square foot facility in Indianapolis, Indiana. Novartis AG’s ( NYSE:NVS ) new RLT production facilities will represent a very extensive development in origin for the foreseeable future.

Apple Inc. (NASDAQ: AAPL) is one of the world’s largest corporations in terms of revenue. On January 20, Apple Inc. (NASDAQ: AAPL) announced the opening of its 100th retail location in the Asia-Pacific region. The company opened Apple Hongdae in Seoul, South Korea. On Jan. 11, Apple Inc. (NASDAQ: AAPL) announced that former president and CEO of The Aerospace Corporation, Dr. Wanda Austin had been nominated for election to Apple’s board of directors. Dr. Austin brings extensive scientific and technological experience to his role at Apple Inc. (NASDAQ: AAPL). Tim Cook, CEO of Apple Inc. (NASDAQ: AAPL), said:

“She is an ordinary leader, and her invaluable experience and expertise will contribute to our project of leaving the world better than we found it. “

These were a few top companies that are playing a massive role in both domestic and international economies. Now, let’s take a look at the richest countries by median income.

35 Richest Countries by Median Income

Our Methodology

To compile and list the richest countries via median source of income, we receive data on the median source of income by country from Data Pandas, updated as of 2024. We also highlight the GDP (PPP) of the countries in the lists, which is taken from the knowledge base of the International Monetary Fund (IMF), updated in 2024. Purchasing force parity (PPP) figures are used and, as an undeniable definition, PPP is calculated by subtracting value differences and nominal adjustments in the local currency and the US dollar. We rank the richest countries by their median source of income, in ascending order of their median source of income.

By the way, Insider Monkey is an online investment page that tracks the movements of corporate experts and the hedging budget. Using other consensus approaches, we identified the most productive inventory options among more than 900 hedging budgets that make an investment in U. S. stocks. Top 10 Consensuses Hedge fund stocks outperformed the S index

Median Income: $7,712

Lebanon is the least richest country by median income on our list. With a median income of $7,712, Lebanon ranks 35th among the richest countries by median income.

Median Income: $7,971

Latvia is a European country located between Lithuania and Estonia. Latvia has a GDP of $80.33 billion and has a median income of $7,971. Latvia is one of the richest countries by median income.

Median Income: $7,991

The Slovak Republic has a GDP of $240. 65 billion. Slovakia has an average source of income of $7,991 and is among the richest countries in terms of median source of income.

Median Income: $8,267

Lithuania has a GDP of $144. 26 billion. Lithuania, one of the richest countries in terms of average source of income, has an average source of income of $8,267.

Median Income: $8,439

Portugal is one of the most powerful economies in Europe, with a GDP of $482. 85 billion. With an average source of income of $8,439, Portugal ranks 31st among the richest countries in terms of median source of income.

Median Income: $8,885

Poland has a GDP of $1. 79 trillion and a median source of income of $8,885. Poland is one of the richest countries in terms of median source of income.

Median Income: $10,046

The Czech Republic is also known as Czechia and is located in Central Europe. The Czech Republic has a GDP of $564. 19 billion and a median source of income of $10,046.

Median Income: $10,651

Estonia is one of the richest countries in terms of median source of income, with a median source of income of $10,651. Estonia has a GDP of $63. 86 billion.

Median Income: $10,866

Israel has a GDP of $565.99 billion and a median income of $10,866. Israel ranks 27th among the richest countries by median income.

Median Income: $11,786

Spain is one of the largest economies in Europe, with a GDP of 2. 51 trillion dollars. Spain has an average source of income of $11,786 and is among the richest countries in terms of average source of income.

Median Income: $11,878

Slovenia has a GDP of $113. 6 billion and an average source of income of $11. 878. Slovenia ranks 25th among the richest countries in terms of median source of income.

Median income: $12,507

South Korea is one of the countries with the highest median source of income in the world. The country has a median source of income of $12,507 and a GDP of $3. 06 trillion.

Median Income: $13,053

Cyprus has a GDP of $52. 14 billion and a median source of income of $13,053. Cyprus is among the richest countries in terms of median source of income.

Median Income: $13,170

Italy is one of the largest economies in Europe with a GDP of $3.29 trillion. With a median income of $13,170, Italy ranks among the richest countries by median income.

Median Income: $13,605

Taiwan is one of the richest countries in the world. The country has a GDP of $1. 77 trillion and an average source of income of $13,605.

Median Income: $14,255

Japan is one of the largest economies in the world. The country has a GDP of $6.71 trillion and a median income of $14,255.

Median Income: $14,520

Ireland has a GDP of $764. 07 billion and a median source of income of $14,520. Ireland ranks 19th among the richest countries in terms of median source of income.

Median Income: $14,543

Malta has a relatively small economy with a GDP of $35.17 billion. The country has a median income of $14,543 and ranks among the countries with the highest median income.

Median Income: $14,793

The United Kingdom is one of the largest economies in the world with a GDP of $3.98 trillion. The United Kingdom has a median income of $14,793.

Median Income: $16,157

Belgium has a GDP of $793.83 and a median income of $16,157. Belgium ranks 16th among the richest countries by median income.

Median income: $16,332

Finland is one of the countries with the highest median income earner. Finland has a GDP of $346. 97 billion and a median income of $16,332.

Median Income: $16,372

France is one of the largest economies in the world, with a GDP of $4. 01 trillion. With an average source of income of $16,372, France is among the richest countries in terms of median source of income.

Median Income: $16,845

Germany has a GDP of $5. 72 trillion and a median source of income of $16,845. Germany is one of the largest economies and has one of the highest median sources of income.

Median Income: $17,017

Iceland is a small island country with a GDP of 28. 17 billion dollars. Iceland has a median source of income of $17,017 and ranks as the 12th richest country in terms of median source of income.

Median income: $17,076

Australia is one of the fastest-growing economies in the world. The country has a GDP of $1. 78 trillion and an average source of income of $17,076.

Click here to continue to the 10 richest countries by median income.

Leave a Comment Cancel Reply