Top 10 Richest Countries in World

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Money matters for any country and so does the economical status of countries with each other. Here are the top 10 richest countries of the world:-

QATAR

qatar

  • Ranked #1, $140,649 GDP per capita.
  • Well developed oil industry contributes to 70% of government revenue, 60% GDP and 85% of export earnings.
  • Will be first Arab nation to host FIFA cup in 2022.
  • Along with this it is also controversial country as it uses forced labor from Asian and African nations.

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LUXEMBOURG

luxembourg

  • GDP of $97,662 per capita. It is nine times of world’s average!!
  • Ranked 2.
  • Vibrant financial sector, prudent fiscal policies and steel and dynamic industry contributes to its strong economy.
  • Largest sector is banking with an asset base of over $1.24 TRILLION alone.

SINGAPORE

singapore

  • $82,763 as GDP per capita.
  • Ranks 3 from 5th by covering five times the world’s average.
  • Backbone of its golden economy is its chemical industry, economical policies and innovation growth.
  • Own second busiest port and exports $414 billion goods alone in 2011.

KUWAIT

kuwait

  • Has $73,246 as GDP per capita, is an open and small country.
  • It has the highest valued currency i.e. Kuwait’s diner.
  • Owns the 10% of world’s oil reserves.
  • This petroleum accounts for its strong economy including half of its GDP and up to 95% of its export revenues and income.

BRUNEI

brunei

  • $71,185 GDP per capita.
  • Backbone of this small country is the foreign and domestic entrepreneurship projects, welfare measures and government regulations.
  • Exporter of crude oil and natural gas. And this oil and gas contribute to this platinum economy.

THE UNITED ARAB EMIRATES

united-arab-emirates

  • Being so small that it could actually fit in New York it still has a GDP per capita of $67,674.
  • Has 9.2 million people’s population.
  • The backbone of its economical status is the oil revenues, telecommunication sector and service sector.
  • Largest petroleum exporter after SAUDI ARAB, it ranks 2nd in our list.

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NORWAY

norway

  • Has $64,856 GDP per capita with small and robust economy at the same time.
  • Has 4.97 million as its population.
  • The main contributor of its economy is the dishing, natural resources and the genuine petroleum explorations.
  • It ranks as the 8th largest crude oil exporter, 9th largest refined oil exporter and 3rd in natural gas exporter in the world.

SWITZERLAND

switzerland

  • Has a GDP of $57,235 per capita.
  • The mere banking and financial institutions have kept this country afloat among others in this ranking.
  • Through the famous Swiss Bank, it has excess to world’s capital for investments.
  • Zurich and Geneva have the highest living standards ranking among the world.

THE UNITED STATES

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  • Holds a GDP of $54,630 per capita.
  • Has small population of 310 million, yet largest economy.
  • The contributor of its economy is the largest domestic automotive industry, technological sector supported through foster innovation, and democracy that encourages entrepreneurial and intellectual property rights.

SAUDI ARABIA

saudi-arabia

  • $51,924 GDP per capita.
  • Oil industry and strong government control backbones its brilliant economy
  • Owns 18% of world’s proven petroleum reserves.
  • Ranks as largest petroleum exporter, no doubt.
  • Leadership role in OPEC for many years.
  • Although has largest petroleum reserves, sadly its per capita income has decreased than the smaller Persian Gulf neighbors.

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