PETALING JAYA – Malaysia has been ranked the 49th richest country, above countries such as Hungary, Russia and Thailand. Singapore and Brunei are the two richest nations in Southeast Asia, ranking fourth and fifth respectively.
In the world’s richest and poorest countries for 2016 rankings, released by Global Finance on Feb 13, Malaysia fared as the third best Southeast Asian country. The Global Finance is a monthly magazine based in New York.
It ranked the world’s richest and poorest countries according to Gross domestic product (GDP) per capita, adjusted for relative purchasing power.
This gives a more accurate picture of living conditions. The rankings factor in purchasing power of the people. Its values are expressed in current international dollars, reflecting a single year’s (2016) currency exchange rates and purchasing power parity (PPP) adjustments.
Singapore is listed as the fourth richest country in the world and top in Southeast Asia. Second best in this region is Brunei, which ranks fifth in the world.
Values are expressed in current international dollars, to the nearest whole dollar, reflecting a single year’s (2016) currency exchange rates and PPP adjustments.