General Question

madmax303's avatar

What country has the best economy.

Asked by madmax303 (262points) April 15th, 2009
Observing members: 0 Composing members: 0

9 Answers

oratio's avatar

I don’t think there is an answer to this question, really. Depends on what you mean by best.

SquirrelEStuff's avatar

Duhhhh.
America of course.
Any ponzi scheme will appear to be the best economy, until it does what all ponzi schemes do….. collapse.

jrpowell's avatar

I would use GDP per capita to measure this. And according to the CIA Liechtenstein has the best. That is old data.

But you really need to define “best” to get a good answer.

LanceVance's avatar

I’d say Iceland.

AstroChuck's avatar

I would guess either U.A.E. or Kuwait.

aprilsimnel's avatar

@LanceVance – Iceland’s in bad shape right now.

artificialard's avatar

GDP is a useful factor in various economic analyses but in itself is not a great way of ranking economic progress or growth. Wikipedia article on the limits of GDP measure and an OECD editorial exapnds on that.

Agreed with @oratio, you need to clarify what best actually means. High wages? Quality of life? Purchasing power? Opportunity? All those measures would cause big differences in ranking.

qashqai's avatar

Sweden.

The only true welfare state in the world.

LanceVance's avatar

@aprilsimnel, that was sarcasm. :)

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