“Global Finance” recently announced the ranking of the world’s wealthiest countries (or regions) in 2024. Hong Kong trailed Taiwan this time around, and ranked 15th. For other places, Macau came second, while mainland China was at 78th, far behind other advanced Asian economies.
The report shows that many of the rich places are small countries (or regions). And even worldwide calamities such as COVID-19, the global economic slowdown, and geopolitical tension have done little to dent the vast wealth of these economies. This is manifested in the small European country Luxembourg being ranked first, Macau in second, followed by Ireland and Singapore in third and fourth, respectively.
