Top 10 Richest Countries In The World
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 between 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, must have a look…!!!!!
Top 10 Richest Countries in the World
|RANK||COUNTRY||Current International Dollar|
(GDP based on PPP per capita YEAR 2014)
|7||United Arab Emirates||63,180.83|
|10||Hong Kong SAR||52,984.06|
Qatar is a peninsula located in the Persian Gulf, and it is found in the Middle East Asia. 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 $1,45,894.18. With less than 2 million residents and millions of GDP, it is no doubt that Qatar is the richest country in the planet. The country has a well develop oil exploration industry and that considered the base of Qatar’s economy. It is striking to note that the petroleum industry put in over 62% towards the government profits, around of 92% towards export earnings, and more than 60% towards GDP. It is also one of the nations, that has spent immensely in British property and firms.
Luxembourg stands in second number in the top list with just half a million population, it has per capita GDP of $90,332.89, 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. The closeness of Luxembourg with Belgium, France, and Germany is also a vital reason for the richness and financial growth of the nation.
Singapore is formally known as the state of Singapore, It is a small and independent city and state of Southeast Asia. Singapore is stand for third rank in richest country in the world with the per capita GDP of $78,761.92. It is one of the world’s most important center 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. Besides this the country has the world’s second busiest port that exported $414 billion of produce in the year 2011. it handled 33.9 million 20-foot containers In 2014.
Brunei Darussalam is the world’s fourth richest country; it has amazing wealth owing to its extensive natural gas and oil reserves. The per capita GDP of this country is $73,823.13 and 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.
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 $43,700. 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.
Norway is the land of the rising sun which has GDP per capita of $55,264.45 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.
United Arab Emirates:
UAE is a prosperous nation. It is an open economy and has a high per capita income. The per capita GDP of UAE is $63,180.83. 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.
Switzerland is among those nations that has the world’s most stable financial system, has per capita GDP of $53,976.60. The keys to the nation’s financial income include Swiss banking and economic institutions, highly developed service sectors, skillful labor force, and developed industries based on high technology. Switzerland also has right to use the capital to use for investments as world’s richest people and companies who holds Swiss Bank accounts.
United state America is not only the world’s biggest economies, but also one of the top 10 richest countries in the world with the GDP per capita of $49,820.15. The monetary status is mostly influenced by the stable and well-organized system of Management. It is also a leading producer of IT goods with a very extensive market worldwide. Other monetary sectors, which produce it a lot of money, also include the entertainment industry.
Hong Kong SAR:
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 $52,984.06. 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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