From around 200 countries, only a handful have so much money that they can be called the richest countries in the world.
The annual income of these countries is millions or trillions of dollars. The gross domestic product of these countries determines which ones are richer.
Stay with us and get Acquainted more about these countries.
The Richest Countries In The World
10 – Hong Kong
Hong Kong is the easiest place to do business. Many companies have established their offices in Hong Kong for their quiet policies and their liberal tax laws.
9 – United Arab Emirates
The United Arab Emirates consists of seven small areas and Dubai is one of the most populated. Emirates is still run by the royal family, who is proud of the progress of their market and economy.
The per capita GDP of the emirate is $ 68,250 and have not made any effort to become one of the most advanced countries in the world.
8 – Kuwait
Although the decline in oil prices has had a negative impact on some countries, the Kuwaiti economy is still stagnant.
Kuwait has spent a large part of its capital expediting growth in other areas and has achieved remarkable results. The per capita gross domestic product of Kuwait is $ 70,000.
7 – Iceland
Iceland’s economy is due to wise investment and construction growth. High employment rates, high incomes, and domestic spending have contributed to the country’s economic growth.
The per capita GDP of Iceland is $ 72,630.
6 – Norway
Norway is not only one of the happiest countries in the world for life, but also one of the richest countries in the world. The country’s GDP per capita is $ 74,882, and it is the sixth most-richest country in the world.
The country’s economy is largely based on the production and export of oil and international trade.
5 – Brunei
Brunei is a country that has not forgotten its rich cultural heritage, even though it has been synchronized with the adventures of technology and technology day.
Brunei is Singapore’s second-largest developed country in Southeast Asia. The country’s economy relies on oil and gas, exports and trade with other countries.
The country’s GDP per capita is $ 76,740.
4 – Switzerland
This is a small country between the Alps and less than 9 million people with a GDP per capita of $ 80,000. Banking, industry, international trade, and labor expertise are key to the economy.
Tourism also plays an important role in Swiss revenues.
3 – Singapore
It is a small island nation, one of the richest countries in the world. Its economy grows 2.5% every year, and no signs of slowing down.
The country’s GDP per capita is $ 90,530.
2 – Luxemburg
This small European country has only 600,000 inhabitants and the unemployment rate is 5%. Luxemburg’s economy relies heavily on steel production and international banking.
Dense forests have also helped local businesses. The country’s GDP per capita is $ 109190.
1 – Qatar
The Qatar economy is mainly based on the sale of huge oil reserves that the Middle Eastern country possesses.
Qatar is the richest country in terms of gross domestic product, which is $ 12,430. The unemployment rate is 0.4 percent, and the citizens of Qatar are working very well for themselves.