Macau, S’pore secure spot in world’s richest countries list for 2023

In Global Finance’s list of the “Richest Countries in the World,” the Macau Special Administrative Region (SAR) came in at number five.

After declining during the COVID-19 pandemic and dropping out of the top 10, the SAR’s standing has rebounded. The value of purchasing power per capita is $35,000 less than in 2019, although it has not yet recovered to pre-pandemic levels.

With a per capita GDP of $89,558, Macau SAR surpassed the United Arab Emirates (UAE), which is also vying to become a major player in the gaming industry, with $88,221. Comparing the SAR to Qatar, which is in fourth place with a per capita GDP of $124,834, it is substantially lower.

Singapore’s per capita GDP of $133,895 placed it third in the rankings. The city-state’s economy benefited tremendously from its early reopening, which brought in talent and capital before Hong Kong.

Ireland topped the list as the richest country, with a per capita GDP of $140,694, partly because of its status as a corporate tax haven. With a GDP per person of $142,490, Luxembourg ranked second. The rankings provide insight into the global purchasing power and economic environment.

Original story by: Asia Gaming Brief