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Gambling haven Macau to topple Qatar as the richest place on Earth by 2020

The gap between Macau and Qatar will further increase by 2023. The IMF projects that the per capita GDP (PPP-current prices) will reach $172,680 compared to Qatar’s $158,117

August 13, 2018 / 04:06 PM IST
Venetian Macau | Macau, China | Cost of construction: USD 2.40 billion (Photo: Reuters)

Venetian Macau | Macau, China | Cost of construction: USD 2.40 billion (Photo: Reuters)

Macau which is also known as the gambling capital of the world will topple Qatar as world’s richest place in 2020, data released by the International Monetary Fund estimates.

According to IMF's projections, the per capita gross-domestic-product of Macau, an autonomous region in China, will be $143,116 by 2020. In the process, it will surpass Qatar whose per capita GDP will reach $139,151 in the same timeframe.

In the year 2016, for which actual data is available, Macau’s per capita GDP was $100,069, considerably lower than Qatar’s $125,159.

The gap between Macau and Qatar will further increase by 2023. The IMF projects that the per capita GDP (PPP-current prices) will reach $172,680 compared to Qatar’s $158,117.