That's an overly simplistic take. Obviously the absolutely richest nations in the world are better places to live than the absolutely poorest. But that doesn't mean there is a strict ranking based on GDP.

For example, based on GDP/capita:

  - The United States outrank the Netherlands.
  - The United Arab Emirates outrank Italy.
  - Puerto Rico outranks South Korea.
  - Saudi Arabia outranks Japan.

I don't know about you but for all of these pairs I'd rather live in the latter rather than the former.