Kazakhstan the richest and Tajikistan the poorest country in CIS

BISHKEK (TCA) — Kazakhstan is the richest country in the Commonwealth of Independent States (CIS) according to The Richest Countries in the World, the ranking prepared by the Global Finance Magazine.

With US $25,367 of the gross domestic product (GDP) based on purchasing-power-parity (PPP) per capita in 2015, Kazakhstan ranked 50th among 185 countries of the world.  

The 2015 Rankings are based on the GDP (PPP) of a country, which compares the generalized differences in the cost of living and standards between countries.

Russia was ranked 51st with $25,350, followed by Azerbaijan (64th) with $18,913, Belarus (65th) with $18,882, Turkmenistan (77th) with $15,837, Ukraine (109th) with $8,493, Armenia (116th) with $7,748, Uzbekistan (127th) with $5,963, Moldova (132nd) with $5,091, Kyrgyzstan (142nd) with $3,581, and Tajikistan (153rd) with $2,830.

Afghanistan was ranked 162nd.

The world’s richest country is Qatar with $146,011. The top richest countries also include Luxembourg with $94,167, Singapore with $84,821, Brunei Darussalam with $80,335, Kuwait with $71,600, Norway with $67,619, the United Arab Emirates with $67,201, Hong Kong with $57,676, the United States with $57,045, and Switzerland with $56,815.

Central African Republic is the world’s poorest country (185th) with $639 per capita GDP last year.

The ranking was based on data from The World Bank Country Profiles, Report by the Commission on the Measurement of Economic Performance and Social Progress, and the International Monetary Fund (IMF).

Global Finance is a monthly magazine founded in 1987. Its mission is to help corporate leaders, bankers and investors chart the course of global business and finance.

Sergey Kwan