Armenia placed 114th among world’s richest and poorest countries: reportMarch 4, 2017 - 18:38 AMT PanARMENIAN.Net - Armenia was placed the 114th in the Global Finance’s ranking of the world’s richest and poorest countries for 2016. The tables use IMF data for per capita GDP, adjusted for purchasing power parity (PPP). “GDP-PPP makes for a better comparison of living standards, because PPP takes into account cost of living and inflation rates, rather than just exchange rates, which may distort the real differences in income. This is the measure most economists prefer for comparing living conditions and economic strength across countries,” Global Finance says. Based on this principle, Armenia, with a per capita GDP (PPP) of $8,881, took the 114th position, lagging behind Georgia in the 108th, Azerbaijan in the 71st, Turkey and Iran in the 63rd and 70th, respectively. The richest five countries in the world are, in order, Qatar, Luxembourg, Macao, Singapore and Brunei Darussalam. Similarly, the poorest five are, in order, Central African Republic, Democratic Republic of the Congo, Burundi, Liberia and Niger. Top stories The number of state universities will be reduced from 23 to 8 by 2030, Minister of Education, Science, Culture and Sport Zhanna Andreasyan has said. From September 21 to November 11, a total of 2,820 Russians registered at a place of residence in Armenia, the police has said. The situation on the contact line between Karabakh and Azerbaijan was relatively stable overnight, the Defense Army says. Defense Minister Suren Papikyan has visited the southern Armenian province of Syunik, the Defense Ministry reported on March 18. Partner news | Government reveals details from Pashinyan’s meeting in border village Prime Minister Nikol Pashinyan has met with a group of residents of a border village in Armenia’s northern Tavush province Narek Manasyan wins European Boxing Championships silver for Armenia Armenia’s Narek Manasyan (92kg) won Armenia’s second silver medal at the European Boxing Championships 2024 on April 28. Blinken urges Azerbaijan to continue negotiations with Armenia Secretary of State Antony J. Blinken has urged Azerbaijani President Ilham Aliyev to continue negotiations with Armenia. Pashinyan, Blinken talk Armenia-U.S. ties over the phone Prime Minister Nikol Pashinyan had a phone conversation with US Secretary of State Antony Blinken on April 28, Pashinyan’s office reports. |