What is the richest country in the world? There are around 200 countries in the world. All of them have different kinds of economies.Some country have very less GDP in-spite of large population, on the other hand some have high GDP in spite of the small population. Welcome to this list of top 10 richest countries in the world based on Purchasing Power Parity (PPP) per Capita.
1) Qatar – Richest Country in the World and in Asia
It constitute the population of 19 Million, GDP $106,283.96, Qatar is the world’s richest country. It lies in the Persian Gulf and it is peninsula with DOHA as is capital. It lies in the Middle East and is richest Arab country in the world. Saudi Arabia lies to its south. The economy of this country is entirelydependent on Petroleum as it contributes nearly 85% of export earnings. Banking and Tourism are other areas where Qatar generates money. It is also the richest country in Asia.
2) Luxembourg – Richest Country in Europe
Luxembourg holds the title of the wealthiest country in Europe, with the GDP (PPP): $79,649.49 Luxembourg is much famous as a tax heaven. Many billionaires from around the globe reside in this country to save themselves from taxes in their homeland. It is the second richest country in the world. With a population of just around half million,it has striking contrast of green pastures of land alongside the industrialized city. It lies in Europe and is headed by a Grand Duke. Banking, Steel Industry and telecommunications contribute heavily to its wealth.
3) Singapore
Singapore the capital city with the GDP (PPP): $61,046.96.Located in Southeast Asia and comprising of 63 islands, Singapore is a fully island country. On this list of top 10 wealthiest nations, it ranks third. It is one of the largest financial centers in the world and along with Taiwan, Hong Kong and South Korea, it forms the Four Asian Tigers. Its population is around 5.5 millions with majority of them practicing Buddhism.
4) Norway
Population of Norway is 5 million people ,GDP (PPP): $54,479 with the capital city as Oslo, Norway, coupled with high GDP and comparatively low population, it is one of the richest countries on Earth. Sharing its border with Finland, Sweden and Russia, it is a developed country. The economy of this rich nation depends on oil and natural gas reserves which is found around it.
5) Hong Kong SAR
HongKong is the fifth country in this list based ,lying on China’s South coast,on percapita income GDP $50,716. It has a high GDP and it is a leading financial destination in the world as well as in Asia. It is a specially administrated region with its own currency but defense services from China.
6) Brunei Darussalam
GDP (PPP): $50,440
Capital city Bandar Seri Begawan,Burnei is located in Southeast Asia, Brunei generates its revenues from crude oil and natural gas exports. Revenues from petroleum contribute around 90% of its GDP. With a small population of less than half-a-million, Brunei is one of the least densely populated country in the world. Its sultan is one of the richest people in the world.
7) United States of America
GDP (PPP): $49,601.The most powerful country in the world and the most powerful economy in the world, with Washington (DC) as its capital.United States (US) leads the globe in science and technology and nearly in every research field which can be thought of. It is the largest exporter of weapons and also other goods and services. This rich country in the world has a GDP of around 15 trillion US Dollars which makes it the richest and biggest economy in the world. It is one of the wealthiest economy on planet Earth. On the American continent, this country is second to none. Thus it is also the richest country in the American continent (North as well as South America). This country is also the largest manufacturer in the world and the leading financial nation.
8) United Arab Emirates (UAE)
GDP (PPP): $48,434, capital Abu Dhabi, another wealthy country in the Middle-East, United Arab Emirates consists of seven independent Emirates which are ruled by their individual monarchs. It is the second richest Arab country. Its GDP is third largest in the Middle East after Saudi Arabia and Iran. It generates wealth from its oil and natural gas exports along with dried fish and dates. With the depletion of oil reserves, the UAE has started diversification of its businesses. This country now plans to make the UAE a big tourist destination and a leading financial market.
9) Switzerland
It is the ninth wealthiest nation with GDP (PPP): $44,015 and Bern as its capital. Switzerland has a diverse economy and it has one of the most stable economies of the world. The economy of this wealthy country depends on banking, Tourism, Industries and Agriculture. Switzerland is also a leading exporter of high-end watches in the world. It is one of the financial havens for those seeking to hide their cash.
10) Kuwait – Rich Arab Country
Kuwait is another prosperous country in the middle-east with the GDP (PPP): $43,773 Like others, it also highly depends on petroleum for revenues. Crude Oil accounts for majority of its exports. It has a small population of 2.8 million of which majority are expatriates. The percapita income of Kuwaitis is around $43,000 and this makes it one of the richest countries in the world.
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