This country has ranked 49 places higher than 142 other countries in terms of standard of living. That is, in terms of Gross Domestic Product (GDP) based on Purchasing-Power-Parity (PPP) per capita. This is indicated in a Global Finance article from the International Monetary Fund (World Economic Outlook) on the World's Richest Countries 2019.
The article stated that the wealthiest nations are among the tiniest globally.
The article examined how a country is seen as rich, "Especially in an era of growing income inequality between the rich and everyone else."
In the list, TT ranked 49th, beating out China, India, Pakistan, nearly all African states, several European countries, including Greece, and most Caribbean countries such as Jamaica, St. Kitts and Nevis, Antigua and Barbuda, St. Lucia, Barbados, St. Vincent and the Grenadines, Grenada, Dominica, and Haiti.
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