Wednesday, December 01, 2004

Wealth/Poverty Rankings

US States With Highest (Personal) Income Per Capita
  1. Connecticut ($38,450)
  2. New Jersey ($35,521)
  3. Massachusetts ($35,333)
  4. Maryland ($32,680)
  5. New York ($32,451)
US States With Lowest (Personal) Income Per Capita
  1. Mississippi ($20,142)
  2. Arkansas ($21,169)
  3. West Virginia ($21,327)
  4. New Mexico ($21,555)
  5. Utah ($21,883)

Nations With Highest Per Capita Income

  1. Luxembourg
  2. Bermuda
  3. United States
  4. Norway
  5. Liechtenstein

Nations With Lowest Per Capita Income

  1. Sierra Leone
  2. Malawi
  3. Tanzania
  4. Burundi
  5. Democratic Republic of Congo

The figures for the countries are based on purchasing power as $100 will get you more in Egypt than it will in Switzerland. Other lists may use less realistic determinations of income. The PPP (Purchasing Power Parity) indices use a base value determined by a nation's GDP divided by the population. This artificially boosts nations with favorable banking and tax laws -- like Luxembourg, Monaco, et al -- as their GDP is boosted by foreign investments without a commensurate increase in the population count. It is near impossible to separate domestic from foreign incomes in these nations, so the statistics are left as skewed.

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