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IPFS News Link • Communities

Silicon Valley could be the second richest country in the world

• https://www.mercurynews.com, By LEONARDO CASTAÑEDA

If Silicon Valley was its own country, its per-person GDP would make it the second richest in the world, just behind oil-producing Qatar.

The Republic of Silicon Valley — more specifically the San Jose metropolitan area, which includes Palo Alto, Mountain View, Gilroy and the headquarters of some of the world's most valuable public companies — had a per-person gross domestic product of $128,308 in 2017, the most recent data available from the U.S. Bureau of Economic Analysis.

That's about $66 (roughly the cost of one Chromecast Ultra from Mountain View-based Google) less than Qatar's per-person GDP of $128,374 in 2017, as measured by The World Bank and adjusted for the difference in cost of living from country to country. Next highest is Macao, a semi-autonomous region in China best known for its resorts and casinos, with a per-person GDP of $115,123. Other rich countries, according to this measure, include Luxembourg, Singapore and Ireland.

So how do Silicon Valley and Qatar compare?


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