Top 10 Richest Countries in the World
In this selection the 10 richest countries in the world are highlighted, by the gross domestic product, in purchasing power parity (PPP), per capita. Use of purchasing power parity value of all final goods to show real value of the dollar within a country in a given year. GDP, gross domestic product, represents the sum, in monetary values, in relation to the totality of final goods and services with production in a given region, whether states, cities, or countries, in a stipulated period, for example month, year, quarter. GDP is characterized by being one of the indicators of greater use in macroeconomics with focus on the quantification of the economic activity referring to a region. The oil nations continue to dominate the national team in 2018, as it did in 2017.
10. UNITED STATES – $ 57,467 GDP PER CAPITA
While most nations in the selection have relatively small populations, it is striking that the world’s largest economy, the United States, can maintain a per capita GDP of $ 57,467, considering its population of over 310 million people ( third most populous country in the world ). The reasons behind its success include its large domestic automotive industry, the technology sector that promotes innovation, and a system of democracy that protects intellectual property rights.
9. SWITZERLAND – $ 62,882 GDP (PPP) PER CAPITA
The GDP (PPP) per Swiss citizen is US $ 62,882, which makes the nation one of the richest countries in the world. Swiss 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 hold Swiss bank accounts and therefore the country has excess capital to use for investment purposes. Zurich and Geneva, Switzerland’s most well-known cities, have consistently ranked among the top 10 cities worldwide in terms of living standards. In addition to being one of the most developed countries in the world , they have one of the highest IQ average and one of the best health systems in the world .
8. NORWAY – $ 59,302 GDP (PPP) PER CAPITA
The value here allows 4.97 million people to reap the benefits of a small but robust economy. Driven by fishing, natural resources, and large oil exploration, Norway is the third largest exporter of natural gas in the world. It is not in vain that this nation appears among the countries with the highest average of rich inhabitants of the world and higher average wages .
7. IRELAND – $ 68,883 GDP (PPP) PER CAPITA
The population here is about 4.8 million people. The main industries that drive its economy are textiles, mining, and food products, staples in any economy. In the rankings of the Organization for Economic Cooperation and Development, Ireland ranks fourth overall.
6. UNITED ARAB EMIRATES – $ 72,419 GDP (PPP) PER CAPITA
With a population of 9.2 million people, it is a little more populated than the state of Ceará. A third of the US $ 72,419 per capita economy comes from oil revenues, while the service and telecommunications sector also make a significant contribution. The United Arab Emirates is the second largest economy in the Arab world after Saudi Arabia. It is in this rich country that there is the tallest building , the largest Ferris wheel , the most expensive police car and one of the largest artificial islands in the world .
5. KUWAIT – $ 73,817 GDP (PPP) PER CAPITA
Kuwait is an open economy, relatively small, and its citizens enjoy the value pointed out above. The most valuable currency in the world today is the Kuwaiti dinar. With about 10 percent of the world’s oil reserves , oil accounts for almost half of GDP, and 95 percent of government export revenue and revenue. In recent years, the country has done little to diversify its economy due to the positive fiscal situation, but remains among the most cost-of-living countries in the world .
4. BRUNEI – US $ 77,441 GDP (PPP) PER CAPITA
Brunei, a small country with a rich economy that is a mixture of domestic and foreign entrepreneurship, government regulation and welfare measures, and people’s tradition led to the aforementioned value. its GDP is almost completely backed by exports of crude oil and natural gas. Like other oil countries in the selection, the government showed progress in diversifying the economy away from just oil and gas. It is here that one of the richest presidents of the world , Sultan Hassanal Bolkiah, owns one of the biggest houses and collections of cars of the planet reigns .
3. SINGAPORE – $ 87,856 GDP (PPP) PER CAPITA
This small town state has risen in position with the important amount mentioned above, which is 5 times the average per capita income for an ordinary individual in the world. Singapore’s wealth base is from its financial services sector (one of the best tax havens in the world ), 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 worth of goods in 2011. In addition to being one of the world’s lowest crime rate countries , it is considered one of the smartest and cleanest on the planet .
2. LUXEMBOURG – US $ 105,882 GDP (PPP) PER CAPITA
A symbol of wealth, with the important value above, 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. Bank in Luxembourg is the largest sector of its economy, with an asset base of more than $ 1.24 trillion by itself. Its inhabitants benefit from being one of the countries with the most cars per person in the world (667 in 1,000) and one of the nations where people live the longest .
1. QATAR – US $ 127,523 GDP (PPP) PER CAPITA
Qatar has a well-developed oil exploration industry where the oil industry accounts for 70% of its government revenue, 60% of its GDP, and 85% of its export earnings. Because of his wealth and economic success he was chosen as host for the 2022 FIFA World Cup, the first Arab nation to ever take that role. It appears in the list of the most natural countries in the world . However, Qatar is also the most controversial country in the selection, for its use of forced labor by Asian nations and parts of Africa.
Other rich countries coming to enter the Top 10:
Saudi Arabia – $ 55,263 GDP per capita
12. Netherlands – $ 53,583 GDP per capita
13. Iceland – $ 52,150 GDP per capita
14. Bahrain – US $ (PPP) per capita
15. Sweden – $ 51,264 GDP (PPP) per capita
16. Germany – $ 50,260 GDP (PPP) per capita
17. Australia – $ 49,882 GDP (PPP) per capita
(PPP) per capita
60% – Uruguay – US $ 22,445 GDP per capita
63% – Argentina – US $ 20,667 GDP per capita
81% – Brazil – US $ 15,500 GDP (PPP) per capita