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Richest Countries

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  • Old Cowzilla
    Senior Member
    • Nov 2020
    • 1603

    #21
    Originally posted by malleefarmer View Post
    Norway is obvious incorrect omission
    Maybe oil money doesn't count ???? Italy historic treasures would be huge but not sure about Spain.

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    • SASKFARMER
      Senior Member
      • Dec 2005
      • 7060

      #22
      I wonder where Canada is now with its trillions in Debt.

      Comment

      • Sheepwheat
        Senior Member
        • Jun 2017
        • 3137

        #23
        Originally posted by Old Cowzilla View Post
        Maybe oil money doesn't count ???? Italy historic treasures would be huge but not sure about Spain.
        If oil counted, Venezuelan and Saudi would make the cut most likely. There are quite a few gaps and missing countries IMO.

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        • Sodbuster
          Senior Member
          • Mar 2017
          • 1134

          #24
          It must be true, it was found on the internet.

          Comment

          • jazz
            Senior Member
            • Jul 2018
            • 9308

            #25
            Originally posted by Sheepwheat View Post
            If oil counted, Venezuelan and Saudi would make the cut most likely. There are quite a few gaps and missing countries IMO.
            You cant have a bunch of oil and destroyed society like Venezuela and expect to to make that list. Same with Saudi, mostly a single export country. Norway produces a lot of oil, but they dont have a lot of oil like Canada.

            The oil sands are a proven resource, no guessing whats going on a couple miles down. Everything is 50 m from the surface. Same with a resource like Potash. Other resources like uranium, forests, farmland, water, hydro, a functioning equities market etc. Look at the infrastructure we have linking what we do. Look at the highways and grid roads we have. What is CP and CN worth in todays dollars?

            Net worth can be tied to inflation as well.
            Last edited by jazz; Jan 2, 2021, 10:40.

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            • shtferbrains
              Senior Member
              • Jun 2017
              • 5285

              #26
              Where did you get the list and what do the numbers represent?

              Has nothing to do with GDP PPP.

              Comment

              • jazz
                Senior Member
                • Jul 2018
                • 9308

                #27
                Originally posted by shtferbrains View Post
                Where did you get the list and what do the numbers represent?

                Has nothing to do with GDP PPP.
                Not related to GDP PPP simply a net worth snap shot.

                https://www.visualcapitalist.com/all-of-the-worlds-wealth-in-one-visualization/

                National net wealth, also known as national net worth, is the total sum of the value of a nation's assets minus its liabilities. It refers to the total value of net wealth possessed by the citizens of a nation at a set point in time. This figure is an important indicator of a nation's ability to take on debt and sustain spending and is influenced not only by real estate prices, equity market prices, exchange rates, liabilities and incidence in a country of the adult population, but also human resources, natural resources and capital and technological advancements, which may create new assets or render others worthless in the future.

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