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Corrections and Clarifications: A previous version of this story incorrectly stated the methodology used. The story also didn't make clear that the data used was not sufficient to definitively rank the poorest countries because data from some nations were unavailable.
Even though worldwide wealth is increasing – it rose more than 3% to $80.68 trillion in 2017 – not all of the regions are experiencing the same level of affluence.
North America has less than than 5% of the global population, yet the region accounts for about one-fourth of global gross domestic product. On the other hand, early 25% of the world’s population lives in South Asia, but the region’s economic activity accounts for less than 4% of global GDP.
GDP may be the standard method for gauging the size of a particular country or region’s economy, but it does not account for all of the wealth generated by that nation. A more accurate indicator of a country’s economic output is its gross national income, or GNI. This measure captures all economic activity within a nation’s borders in addition to wealth created by nationally owned entities that operate in other countries.
