TOP 10 RICHEST COUNTRIES OF THE WORLD
Countries which are rich are leading the world.Every year there will be changes in the line up .
We will see the richest countries of the world in 2016.
10 – Saudi Arabia
Saudi Arabia is one of many oil-based economies with strong government
control over major economic activities that enjoy high GDP. Its GDP per capita is $51,924 as it possesses 18% of the world's proven
petroleum reserves, ranks as the largest exporter of petroleum, and
played a leading role in OPEC for many years.The petroleum sector
accounts for almost all of Saudi government revenues, and export
earnings. Despite possessing the largest petroleum reserves in the
world, its per capita income dropped is much smaller than of that of
smaller Persian Gulf neighbors.
9 – The United States
of $54,630, considering its population of over 310 million people. Reasons behind its success include its large domestic automotive industry, technological sector that foster innovation, and a system of democracy that protects entrepreneurial and intellectual
8 - Switzerland
The GDP per Swiss citizen is
$57,235. Swiss banking and financial institutions keep this country and
its economy afloat. It is important to note that some of the wealthiest
people and companies in the world own Swiss bank accounts and therefore
Switzerland has excess capital to use for investment purposes. Zurich
and Geneva, Switzerland's most well-known cities, have consistently
ranked among the top ten highest living standard cities in the world.
7 – Norway
This Nordic nation's per capita GDP of $64,856 allows its 4.97
million people to reap the benefits of a small yet robust economy.
Driven by fishing, natural resources, and major petroleum exploration,
Norway is the eighth largest exporter of crude oil, 9th largest exporter
of refined oil, and 3rd largest exporter of natural gas in the world.
6 – The United Arab Emirates
This Middle Eastern federation of emirates has a land area of about 32,278 sq. miles, which means it could easily fit within New York State (54,556 sq. miles). With a population of 9.2 million people, it's a bit more populated than the state of New Jersey. A third of the $67,674 per capita economy comes from oil revenues, while the service sector and telecommunications also contribute significantly. The UAE is the second largest economy in the Arab world after Saudi Arabia.5 – Brunei
Brunei, a small country with a wealthy economy that is a mixture of foreign and domestic entrepreneurship, government regulation and welfare measures, and village tradition has led to GDP per capita of 71,185. It is almost completely supported by exports of crude oil and natural gas. Like other oil countries in the list the government has shown progress in diversifying the economy away from just oil and gas.4 – Kuwait
Kuwait is a small, relatively open economy and its citizens enjoy a per capita GDP of $73,246. The highest-valued currency unit in the world currently is the The Kuwaiti dinar. With nearly 10% of the world's oil reserves, petroleum accounts for nearly half of GDP and 95% of export revenues and government income. In recent years, Kuwait has done little to diversify its economy due to positive fiscal situation.3 – Singapore
This tiny city-state has moved up from 5th position to take 3rd with per capita income of $82,763, which is five times the average per capita income for an ordinary individual in the world. The basis of Singapore's wealth is its financial services sector, a chemical export industry, and its liberal economic policies that encourage growth and innovation. Singapore has the second busiest port in the world, exporting $414 billion of goods in 2011 alone.
2 – Luxembourg
A symbol of wealth, number two on the list has a per capita GDP of $97,662, which is nine times the world average. The backbone of this strong economy is its vibrant financial sector, prudent fiscal policies, and dynamic industrial and steel sectors. Banking in Luxembourg is the largest sector of its economy with an asset base of over $1.24 trillion alone.
1 – Qatar
Qatar ranks number one on the list of the top 10 richest nations because
of its high GDP per capita of $140,649. Qatar has a
well-developed oil exploration industry where the petroleum industry
accounts for 70% of its government revenue, 60% of its GDP and 85% of
its export earnings. Because of its wealth and economic success, it has
been chosen as the host of the 2022 FIFA World Cup, the first Arab
nation to ever hold this role. However, Qatar is also the most
conterversial country on the list for its use of forced labour from
nations throughout Asia and parts of Africa.
