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The Richest and Poorest Countries in the World

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The world economy is complex, but today’s series of maps will allow you to simplify your understanding of the relative wealth of people around the globe.

Global Finance Magazine recently collated data from the World Bank on Gross National Income (GNI) per capita for 204 countries.

Each country was placed in one of four groups:

Low income: $1,045 or less
Lower-middle income: $1,046 to $4,125
Upper-middle income: $4,126 to $12,745
High income: $12,746 or more

The good people at HowMuch.net, a cost information site, helped to transform this information on the richest and poorest countries into the following visuals:

The Richest and Poorest Countries

Income groups in North America
Income groups in South America
Income groups in Europe
Income groups in Africa
Income groups in Asia
Income groups in Oceania

Based on the data of 204 countries, below is a breakdown of the number of countries that fall within each of the four income groups listed above.

  • Low income: 17%
  • Lower-middle income: 25%
  • Upper-middle income: 26%
  • High income: 32%

As a side note, the World Bank has recently revised the poverty line to US$1.90 per day using 2011 PPP, which is equal to an income of $693.50 per year. This was mainly due to rising food prices.

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Markets

Ranked: Top 10 Single-Day Market Cap Gains

Nvidia broke the record for the largest single-day market cap gains after adding nearly $250B on Feb. 22, 2024.

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The 10 Biggest Single-Day Market Cap Gains

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

Since the COVID-19 pandemic, U.S. tech stocks have led in terms of market cap gains, sometimes boosting their valuations by hundreds of billions of dollars in a single day.

In this graphic, we’ve ranked the largest single-day gains ever recorded, using data from Bloomberg.

Top 10 List

The top 10 list includes just 5 companies, and all are based in the U.S.

RankDateCompanySingle-day
Market Cap Gain
(USD billions)
1Feb 22, 2024NVIDIA$247.0
2Feb 2, 2024Meta$196.8
3Nov 10, 2022Apple$190.9
4Feb 4, 2022Amazon$190.8
5May 25, 2023NVIDIA$184.1
6Jan 28, 2022Apple$178.9
7Jul 31, 2020Apple$169.0
8Oct 28, 2022Apple$150.5
9Mar 13, 2020Microsoft$150.4
10Apr 26, 2023Microsoft$148.3

To put these massive gains into context, consider this: As of May 2023, the average market cap of an S&P 500 company was $30.4 billion.

Meta’s $197B Record Didn’t Last Long

On Feb 2. 2024, Meta set a new record for the largest single-day gain after reporting strong quarterly earnings, as well as announcing $50B in share repurchases and its first ever dividend payment.

This record lasted only 20 days, however, as Nvidia’s massive Q4 2024 earnings beat sent it to all-time highs. The firm is now nearing a $2T valuation, firmly placing it among the world’s most valuable corporations.

More on Nvidia’s Earnings…

Nvidia reported $12.3B in net income during Q4 2024, which is 769% higher than the same quarter last year. Revenues are also up 265% from last year, largely driven by demand for its AI chips like the H100 Tensor Core GPU.

Nvidia’s earnings have seemingly shifted the AI craze into another gear, boosting other chip stocks like AMD and Super Micro Computer (SMCI) to double-digit % gains for the day (Feb 22).

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