19 countries with the most stable and efficient economies

Financial stability is something that not only every person, but also every country strives for. After all, constancy in the economic environment leads to the normal functioning of the state as a whole and its development. To ensure the stability of the international monetary and financial system and the system of international payments, a special organization was created - the International Monetary Fund (IMF). It allows countries, and, accordingly, citizens living in them, to conduct transactions with each other.

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In order to assess the state of the global economy, many indicators have now been developed. One of these is GDP (PPP) per capita. This indicator most objectively reflects the level of wealth of a country, since it takes into account not only the size of its population, but also its purchasing power.

If the value of gross domestic product (GDP) shows the total value of all goods and services produced in a country per year per capita, then GDP at purchasing power parity (PPP) is calculated adjusted for the level of current prices in the country's economy. That is, this indicator takes into account the purchasing power of the currency.

We present the ranking of the richest countries in the world by GDP (PPP) per capita. The 12 countries with the largest gross domestic product calculated at purchasing power parity are selected according to the International Monetary Fund for 2021.

Rating 2020	GDP per capita
1. Qatar	138 910$
2. Luxembourg	112 045$
3. Singapore	105 689$
4. Ireland	86 988$
5. Brunei	85 011$
6. Norway	79 638$
7. UAE	70 441$
8. Kuwait	67 891$
9. Switzerland	67 558$
10. USA	67 426$
11. San Marino	62 913$
12. Holland	60 299$

Two types of countries for economic development and their characteristics

In addition to high salaries, developed countries use and allocate resources most efficiently. The population of these countries consumes about 85% of all natural resources, and these countries are home to about 1.4 billion people (1/5 of the world's population).

Countries with a relatively high rate of economic development, but not classified as developed, are characterized by average salaries of $900-2500. Almost 5 billion people (70%) live in such countries. The most recognizable are China, Mexico, CIS countries and Russia, South American countries, Egypt and many Arab states. The list is quite extensive, so it will not be possible to list all countries.

But the second type of developing countries with low levels of wealth and poor populations (wages less than $300 per person) are located mainly in Africa and the South Asian region. These countries are home to approximately 1 billion people (10%). Experts predict that the population of these countries will increase.

Rating of countries by human development index

Back in 1990, UN specialists developed the so-called Human Development Index (abbreviated as HDI). This is a general indicator characterizing the level of socio-economic development of different countries. It includes the following criteria:

life expectancy;
poverty assessment;
population literacy level;
quality of education, etc.

HDI index values vary from zero to one. Accordingly, this classification of countries provides for the division into four levels: very high, high, medium and low. Below is a world map based on the HDI index (the darker the color, the higher the index).

As of 2021, the countries with the highest HDI are Norway, Australia, Switzerland, Denmark and Germany. Outsiders in the ranking include the Central African Republic, Chad and Niger. The value of this index for Russia is 0.804 (49th place), for Belarus – 0.796 (52nd place), for Ukraine – 0.743 (84th place).

USA

When assessed on the basis of purchasing power parity, the United States loses first place to the People's Republic of China. This gap is expected to narrow by 2023, when the US will reach $24.53 trillion and China will reach $21.57 trillion.

Despite the relatively low employment rate of the population (68%), the average annual income of an American family is $38,000. The United States is one of the most economically developed countries on the planet. More than 86% of citizens are satisfied with housing conditions, level of security and economic stability. The average duration is 79 years.

The USA ranks first in 2021 in terms of GDP

The most stable economy in the world belongs to the United States; it has maintained its leading position for more than 100 years. A comprehensively developed economic policy is based on the banking system, the largest stock exchange, advanced technologies in the field of IT and agriculture, which is not devoid of innovative solutions and progress. America, due to its significant coverage of areas of activity and advanced technologies in them, has great influence in the world and uses it.

Rating of countries in the world by level of social progress for 2019

Below I present to your attention the current ranking of countries in the world by the level (index) of social progress and development at the end of 2021. The current ranking includes 149 countries.

In addition, all countries of the world, based on the score received, are divided into 6 levels of countries :

Level 1 (1-15 place) - countries with very high social progress
Level 2 (16-30 place) - countries with a high level of social progress
Level 3 (31-61 places) - with an average index
Level 4 (62-104 places) - countries below average
Level 5 (105-138 place) - countries with low social progress and finally
Level 6 (139-149 place) - countries with extremely low social progress

The top 10 countries for 2021 included: Norway, Denmark, Switzerland, Finland, Sweden, Iceland, New Zealand, Germany, Canada and Japan. Russia in 2021 is in 62nd place with an index score of 69.71. Thus, Russia leads the 3rd group of countries with an average level of social development. It is only one step away from the group of countries with high social progress. Belarus is in 48th place, Georgia is in 56th place, Armenia is in 59th place, Kazakhstan is 69th, Moldova is 70th, Ukraine is 80th. You can find the rest of the countries in the table below.

№	A country	Social Progress Index
1	Norway	90.95
2	Denmark	90.09
3	Switzerland	89.89
4	Finland	89.56
5	Japan	88.34
6	Sweden	89.45
7	Iceland	89.29
8	New Zealand	88.93
9	Germany	88.84
10	Canada	88.81
11	Netherlands	88.31
12	Australia	88.02
13	Great Britain	87.98
14	Ireland	87.97
15	France	87.79
16	Luxembourg	87.66
17	Spain	87.47
18	Portugal	87.12
19	Belgium	86.77
20	Austria	86.4
21	Slovenia	85.8
22	Italy	85.69
23	South Korea	85.61
24	Czech	84.36
25	Estonia	83.98
26	USA	83.62
27	Singapore	83.23
28	Cyprus	83.14
29	Malta	82.63
30	Greece	82.48
31	Israel	81.44
32	Lithuania	81.3
33	Poland	81.25
34	Costa Rica	80.65
35	Slovakia	80.43
36	Latvia	80.42
37	Chile	80.02
38	Croatia	79.21
39	Hungary	78.77
40	Barbados	77.89
41	Uruguay	77.77
42	Argentina	76.86
43	Bulgaria	76.17
44	Mauritius	74.88
45	Romania	74.81
46	Malaysia	74.17
47	Panama	73.96
48	Belarus	73.9
49	Brazil	72.87
50	Jamaica	72.58
51	Tunisia	72.33
52	Ecuador	71.88
53	Serbia	71.59
54	Albania	71.57
55	Mexico	71.51
56	Georgia	71.34
57	Peru	71.31
58	Montenegro	71.16
59	Armenia	71.14
60	Colombia	70.31
61	UAE	69.84
62	Russia	69.71
63	Jordan	69.57
64	Qatar	69.37
65	Sri Lanka	69.09
66	Oman	69.08
67	Macedonia	68.92
68	Cape Verde	68.55
69	Kazakhstan	68.2
70	Moldova	67.58
71	Türkiye	67.49
72	Thailand	67.47
73	South Africa	67.44
74	Cuba	67.42
75	Suriname	67.27
76	Butane	67.26
77	Paraguay	67.2
78	Dominican Republic	67.15
79	Algeria	67.06
80	Ukraine	66.97
81	Kyrgyzstan	66.64
82	Morocco	66.04
83	Mongolia	65.6
84	Botswana	65.58
85	Indonesia	65.52
86	Iran	65.15
87	Lebanon	64.98
88	Salvador	64.65
89	China	64.54
90	Saudi Arabia	63.95
91	Fiji	63.85
92	Guyana	63.74
93	Bolivia	63.66
94	Philippines	63.4
95	Ghana	61.75
96	Egypt	61.71
97	Sao Tome and Principe	61.42
98	Honduras	60.31
99	Nepal	60.23
100	Uzbekistan	59.83
101	Guatemala	59.67
102	India	59.1
103	Nicaragua	58.97
104	Senegal	58.59
105	Timor-Leste	55.8
106	Turkmenistan	55.57
107	Bangladesh	54.11
108	Kenya	53.51
109	Tajikistan	54.92
110	Rwanda	52.96
111	Gambia	52.9
112	Tanzania	52.69
113	Myanmar	52.65
114	Comoros	52.04
115	Swaziland	51.21
116	Benin	51.07
117	Ivory Coast	50.56
118	Malawi	50.52
119	Cambodia	50.36
120	Laos	49.34
121	Nigeria	49.2
122	Sierra Leone	49
123	Togo	48.58
124	Lesotho	48.44
125	Pakistan	48.2
126	Djibouti	48.05
127	Cameroon	48.04
128	Burkina Faso	47.82
129	DPRK	46.95
130	Liberia	46.67
131	Zimbabwe	46.58
132	Mali	45.98
133	Congo	45.67
134	Ethiopia	45.41
135	Mozambique	45.39
136	Madagascar	43.58
137	Angola	42.58
138	Mauritania	42.45
139	Niger	41.74
140	Sudan	41.59
141	Guinea	40.59
142	Burundi	39.09
143	Afghanistan	38.6
144	Papua New Guinea	38.59
145	DR Congo	36.77
146	Eritrea	31.61
147	Chad	28.79
148	CAR	28.05
149	South Sudan	24.44

Economically developed countries:

The main countries
are the USA, Japan, France, Germany, Italy, Great Britain, Canada. They provide more than 50% of all industrial production and more than 25% of agricultural production in the world. The major countries and Canada (with the exception of China) are often referred to as the "G7 countries". (In 1997, Russia was admitted to the G7, which became the G8.)
economically developed countries of Europe
- Switzerland, Belgium, the Netherlands, Austria, Scandinavian countries, etc. These countries are characterized by political stability, a high standard of living of the population, high GDP and the highest rates of export and import per capita. Unlike the main countries, they have a much narrower specialization in the international division of labor. Their economy is more dependent on income received from banking, tourism, intermediary trade, etc.;
countries of “settler capitalism”
- Canada, Australia, New Zealand, South Africa - former colonies of Great Britain - and the state of Israel, formed in 1948 by decision of the UN General Assembly. A characteristic feature of these countries (except Israel) is the preservation of international specialization in the export of raw materials and agricultural products. Unlike developing countries, this agricultural and raw material specialization is based on high labor productivity and is combined with a developed domestic economy.

TOP 10 countries with the highest GDP levels

If you observe global trends, you will notice that the leaders in the ranking are the same countries that know how to maintain the economy at a certain level. But from time to time, powers are brought to the forefront and surprise with their leaps in development.

USA

The American economy is called the most stable in the world. The USA has been leading for more than a hundred years. The reason for this is a balanced economic policy.

America skillfully uses innovations, not forgetting the involvement of different industries. Therefore, the dollar is quoted all over the planet, and the United States leads the ranking of countries with a high level of economic development.

China

This power is developing very rapidly. Therefore, analysts see all the prerequisites for the fact that America will soon have to give up its position as an unambiguous leader.

The Celestial Empire is actively investing in the development of industry and technology, but without launching the agricultural sector. It is interesting that the auto industry is progressing very quickly: today, in terms of volume, it defeats the American and Japanese automotive markets combined.

Japan

This power amazes with its successes, since it is limited in material resources due to its small area. Its population is famous for its hard work, and the authorities stimulate the development of technology, entering into competition with the States and China.

Germany

Berlin has skillfully maintained its economy despite the European crisis. According to experts, its whales are:

mechanical engineering;
industry;
services sector.

Correct economic policies helped Germany recover relatively quickly after the world wars. Today the country is recognized as one of the best in terms of living standards.

Great Britain

Foggy Albion cannot boast of large reserves of natural resources. But the authorities have obviously chosen the right vector for economic development. Here they focus on the service sector, industry and tourism.

France

This country focuses on the development of the industrial and agricultural sectors. Interestingly, it is very popular among tourists, but this area makes up a very modest share of the overall economy.

India

The economy of a country of contrasts is based on agriculture. This sector employs about two thirds of the total population. India is developing very rapidly. However, this has little effect on the well-being of citizens, the majority of whom are below the poverty line.

Italy

The country is attractive to tourists, so the economy receives the lion's share of profits from them. Italy is also called a trendsetter. However, given fairly good natural conditions, the state cannot boast of the development of the agricultural sector: this is its weak point.

Brazil

The state has become a leader thanks to agriculture. It also develops extractive industries and invests in industry.

Canada

The country is gradually transforming from agricultural to industrial. It receives a significant portion of its income from the States by selling natural resources to America.