The International Monetary Fund (IMF) has prepared a study to identify the world’s richest countries according to the latest developments on the global economic scene. It revealed surprises as the list included small countries that many did not expect to enter among rich countries.
According to economists, countries are considered rich if their citizens earn enough to secure all their needs. The richest 10 countries in the world this year are based on GDP per capita, with GDP calculated in US dollars.
The 10 Richest Countries in the World
The world’s richest countries are evaluated according to many considerations such as the value of production, the value of spending and the value of income. We may be surprised by the existence of many countries in this classification, including those who kept their ranking, including the decline and some of the income of the list again
Qatar is the richest country
GDP per capita: $ 102,769
is ranked as the richest country in the world in per capita GDP, which exceeds $ 146,000. Oil and gas account for more than 50 percent of GDP, 85 percent of its exports and its budget.
Qatar ranks first as the richest country in the world again. Its location on the Arabian Gulf in the Arabian Peninsula has a lot of oil reserves and natural oil, and most of its income depends on it. It also has a very diversified economy. It has the pearl sector as well as industry and transportation, and more specifically the air transport sector. To increase the standard of living of its citizens, the ruling royal family has laid down a strategy to abolish taxes for the people. It also has open trade policies with the world’s largest economy, the United States, a very important factor.
Luxembourg the richest country
Luxembourg: GDP per capita is $ 80,679.
It is one of Europe’s richest countries with a high standard of living, with many EU organizations on its territory. It hosts more than 1,000 investment funds and more than 200 banks. GDP per capita exceeds $ 100,000.
Is one of the most prosperous countries in Europe and is also known as the Tax Commission (or tax haven: an area that imposes some taxes or does not impose any taxes at all or countries whose banking systems have strict laws to keep the accounts of their foreign clients secret and help them evade taxes in their country Original) making it a haven for many world billionaires who choose to live in it. The main sources of income are telecommunications, steel industry, and iron.
Singapore is the richest country
Singapore: GDP per capita: $ 60,833.
Is a magnet for foreign investment because of low tax levels? GDP per capita exceeds $ 86,000. Singapore is thriving in the electronics and ship industry as well as the financial services sector.
Another Asian country is well-off, Singapore is a group of islands consisting of 63 islands, located in Southeast Asia, among the four richest countries including Hong Kong, South Korea, and Taiwan. The population of this tiny country is about 5.5 million people. And is famous for its delicious and famous cuisine not only within the country but in other countries, where they have earned huge sums of money unexpectedly. It is also famous for its international tourism competition.
Norway the richest country
Per capita income of GDP: $ 55,265.
is one of the largest oil and gas producers in northern Europe. GDP per capita exceeds $ 69,000.
With about 5 million people living in this country and relatively high GDP gives it its place amongst the richest countries in the world. Interestingly, the country shares its borders with some other booming states, including Finland, Russia, and Sweden. any country’s economy depends largely on natural gas reserves and oil.
Hong Kong is the richest country
Hong Kong: GDP per capita: $ 50,709.
Located on the southern coast of China, it is the fifth richest country in terms of GDP. In fact, this country is among the leading financial destinations for investors not only in Asia but in the world. While it has its own currency and stable government, most of its income comes from sectors such as tourism and transportation.
Brunei is the richest country
Brunei: per capita GDP: $ 50,400.
It is one of the richest countries in the world, with annual oil production exceeding 10 million tons, in addition to 12 billion cubic meters of natural gas. GDP per capita exceeds $ 77,000.
One of the richest countries in Southeast Asia. Vetoed income and revenue from exports of natural gas and crude oil. As well as oil revenues, adding at least 90% to the country’s GDP. With less than 500 thousand people. also, this country is the least populated country in the world.
United States of America
United States of America: GDP per capita: $ 49,820.
The United States is one of the most influential countries in the world despite many natural disasters and political issues that have rocked its economy over the past years. Which makes the country among the richest countries in the goods exported in the world, which includes weapons and technology and a few other services and products. In addition, the United States is the largest producer and financial country in the world.
United Arab Emirates
United Arab Emirates: GDP per capita: $ 48,992.
The UAE is one of the 10 richest countries in the world. Including 7 independent emirates. At present, it is one of the richest Arab countries because its gross domestic product ranks third in the Middle East. Income sources include natural gas, oil exports, dates and dried fish. Since the depletion of oil in the country has been discovered many of the various works of the continued prosperity, the great architectural projects carried out making it one of the most attractive tourist places, and this role earned a lot of foreign currency.
Switzerland is the richest country
GDP per capita: $ 45,286
is one of the most prosperous countries in the world. Its economy is characterized by diversity and stability and has managed to maintain its excellent GDP record, making Switzerland one of the richest countries in its vast sources of income such as agriculture, tourism, and banking. And is also known as a leading leader in the industry of the finest watches in the world, who enjoy affordable living as a safe haven to increase their money.
Kuwait is the richest country
GDP per capita: $ 43,846 ranked tenth as one of the richest Arab countries, making it one of the booming countries in the Middle East and Asia. As with rich countries, Kuwait relies on oil deposits for its huge revenues. In fact, crude oil accounts for a large proportion of its exported goods. As far as this country is concerned, its population is about 2.8 million.
The Richest Countries In The World
also, there are many countries are richest in the world like San Marino
The fifth smallest country in the world. The European country has a population of 32,000, but its citizens are considered to be among the world’s most independent, because of a one-third lower tax than in the rest of Europe. GDP per capita exceeds $ 64,000 a year.
It should be noted that the previous numbers do not mean what the individual receives as an annual salary in these countries. But rather the amount of its share of the value of the goods and services provided by the State in which they live if they are divided among the entire population.