Top 10 Richest Countries In The World
There are 195 countries all over the world; each country has its own economic value which can be determined by its Gross Domestic Product Per Capita. Some may earn billions or may be trillions every year but we cannot call each country the richest one in the world. Here we have come up with the list By GDP Per Capita of Top 10 Richest Countries in the World 2018.
By going through some of the previous year’supdates, it has been seen that the game of world’s Richest Countries is ranked by some of the same names that are already on the top of the list of richest countries. From last some of the years Qatar is ranking at the top in the list of world’s richest country.
According to economist the countries are measured as rich if people in these nations earn sufficient to maintain all of their needs. The top 10 richest countries in the world are from those who have the maximum GDP per capita, with the GDP value considered and calculated in US dollars.
Here on this page you may check the Top 10 Richest Countries in the World by GDP Per Capita and also the list of some other countries income as per their GDP, you all must have a look…!!!!!
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Top 10 Richest Countries In The World
10) Hongkong – $63, 350:
A free market financial system in Hong Kong SAR and one of the world’s top financial centers, the per capita GDP of Hong Kong is $63, 350. Hong Kong has the highest degree of financial autonomy in the world according to the Index of Economic Freedom.
Close ties to mainland China, almost no public liability, a sound banking system and a huge amount of foreign exchange treasury are some of the positive points of the economy of Hong Kong.
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9) UAE – $69, 900:
UAE is a prosperous nation. It is an open economy and has a high per capita income. The per capita GDP of UAE is $69, 900. United Arab Emirates is a small nation has 10% of the world’s total supply of oil reserves and the world’s fifth largest natural gas reserves Oil, which is the foundation of the United Arab Emirates financial system, accounts for around 30% of the country’s GDP.
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8) Kuwait – $71,930:
The Kuwait is only Arab country in western Asia which is one of the growing oil manufacturers in the region too, the country has an average GDP of $71,930. The large quantity of oil in the country makes it one of the foremost export suppliers, and one of the major sources of revenue.
It is more the central musical control of the gulf cooperation sector, a location that observes it earn a lot of foreign trade to increase in the income earned from the oil. It is also ruled by a constant monarchical government, which performs all the country’s affairs easily as reveal in its position.
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7) Norway – $72,190:
Norway is the land of the rising sun which has GDP per capita of $72,190 at present. It also has the world’s best social welfare system. It depends mostly on its rich reserve of fish and other farming and suitable for eating products For income such as: coffee and waffles.
The stable management and supportive citizens also play a big job for daily development. Norway’s peoples also lead a healthy and strong lifestyle due to the large quantity of healthy foods such as seafood to being one of the top 10 richest countries in the world 2015.
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6) Ireland – $75,790:
Ireland is currently ranking on the 6th stage amongst richest countries in the world.Ireland’s biggest source is exporting of food. Now, with the help of some of the Foreign investors, Irelandis now also exporting computer and medical equipment as well as electrical machinery.
Such investors are most from the largest international companies such as IBM, eBay, Microsoft, Google, Dell, Boeing, and Apple.
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5) Brunei Darussalam – $77,700:
Brunei Darussalam is the world’s fifth richest country; it has amazing wealth owing to its extensive natural gas and oil reserves. The per capita GDP of this country is $77,700and the data indicates that both oil and gas treasury gives more than 70% towards the nation’s financial system and around 90% of exports in terms of profits.
In addition, the country look for support more and more investment, becoming independent in food sector, and monitoring high principles of organization in both public and private sectors.
4) Singapore – $93,680:
Singapore is stand for fourth rank in the list of world’s richest country with the per capita GDP of $93,680. It is one of the world’s most important centers for commerce. It is an island country that consists of 63 islands. It is surrounded by the four countries like Hong Kong, South Korea, and Taiwan with the biggest financial centers.
Singapore is now also involved in private banking which was started by their late Prime Minister Lee Kuan Yew. Singapore is now known for being the “Most Expensive Country” in the world so you might need to make sure you have access to a considerable amount of money before visiting.
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3) Luxembourg – $112,710:
Luxembourg stands on third number in the top list with just half a million population, it has per capita GDP of $112,710, which is numerous times of the world average. The foundation of this dominant country is its enthusiastic monetary sector, ever growing and diversified productions that consist: steel, rubber, chemicals, etc. and its judicious economic policies.
Because of the country’s low taxes, banks from around the world are encouraged to open up their shops which in return made a great impact on the lifestyle of Luxembourg citizens. In fact, Luxembourg is home to over 150 banks, including the European Investment Bank. Also, Luxembourg is also considered as one of the safest countries in the world with just 2 jails for the whole nation.
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2) Macao – $125,170:
Last year the place was on the third rank in the list and now Macao is the 2nd richest country in the world. It mostly depends upon tourism and gambling for its economic growth as it is the only country in the Chinese reason where gambling is legal.
A lot of tourists and gamblers from mainland China come here for gambling which increases their GDP Per capita at an amazing rate. With over 30 casinos, as well as being the home of the world’s largest – Venetian Macao, more than 100,000 tourists visit this country daily with half of them only staying for 24 hours!
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1) Qatar – $129,360:
Qatar is a peninsula located in the Persian Gulf. It stands first in the list of the 10 richest countries in the world because of its breaking record of GDP per capita, which is $129,360with less than 2 million residents and millions of GDP.
60% of Qatar’s wealth comes from their rich natural gas and oil reserves whilst 85% comes from export earnings with products such as Urea, steel, and ammonia fertilizers. Also, Qatar is considered the safest place to live on Earth because natural disasters are least likely to occur. Additionally, they don’t have any forests and no trees can be seen anywhere in Qatar.
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List of Some of the World’s Richest Countries According to their Ranks:
|Rank||Country||GDP Per Capita|
|9||United Arab Emirates||$69, 900|
|10||Hong Kong||$63, 350|
|13||United States||$61, 690|
|20||Taiwan Province of China||$51,640|
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