Today we are going to talk about the richest country in the world. Many very rich countries benefit from having a viable financial sector and tax regime to help attract foreign investment and business talent. Others, such as Brunei, Qatar and Kuwait, have large reserves of hydrocarbons or other lucrative natural resources. So let's gather a little more information about the richest country in the world.
Every Qatari citizen has lost an average of $ 15,000 since hydrocarbon prices began to fall in 2014. Yet Qatar's gas, oil, and petrochemical reserves are so large. This type of country has a low population. For just $ 2.8 million, Qatar has topped the list of richest countries in the world for 20 years thanks to its ultramodern architecture, luxury shopping malls and fine cuisine.
Current International Dollars (GDP-PPP) : 132,886
This country was formerly a colony of the Portuguese Empire since the gaming industry was liberalized here in 2001. The People's Republic of China has seen Macao's wealth grow at an astonishing rate in this special administrative region. This country is called the gambling capital of Asia. More than 40 casinos are spread over an area of about 30 square kilometers across the country. This country can do very well even without foreign tourists.
Current International Dollars (GDP-PPP) : 114,362
People can visit the castles of Luxembourg and its beautiful countryside for its cultural festivals and gastronomic specialties. In a country called Luxembourg, located in the very center of Europe, about 600,000 people offer plenty to its tourists and its citizens. A large portion of this country's wealth is used to provide better housing, healthcare and education for its people who enjoy the highest living standards in the Eurozone.
Current International Dollars (GDP-PPP) : 108,950
With a fortune of approximately $ 16 billion, restaurateur Zhang Yong is known as the richest man in the country. Singapore is considered to be a prosperous financial haven. Capital gains and dividends are tax free in this country. With virtually no natural resources, Dish Country pulled itself through its Bootstrap with hard work and smart policy and today Singapore is considered one of the most business-friendly destinations in the world. This country is a thriving trade, manufacturing and financial center.
Current International Dollars (GDP-PPP) : 103,181
5. Brunei Darussalam
Brunei Darussalam's fortune from his vast oil and natural gas reserves is estimated at 28 28 billion, more than 50 times that of Britain's Queen Elizabeth. Malnutrition is common in this country, despite Bolkiah prosperity and purchasing power of more than $ 80,000 per capita. This country is known as one of the richest countries in the world for its oil production.
Current International Dollars (GDP-PPP) : 80,383
This country with a population of less than 5 million was one of the most difficult due to the global recession. Ireland has regained its financial health following a series of politically difficult measures, including a sharp drop in public sector wages and a restructuring of its banking industry. Ireland's employment rate has risen and its per capita GDP has almost doubled from its current levels. This type of country is one of the largest corporate tax havens in the world and benefits the common man more than companies.
Current International Dollars (GDP-PPP) : 83,399
Norway has benefited for decades as one of Western Europe's top petroleum producers in recent times and with very high prices. This country can always count on the world's largest 1.2trillion sovereign wealth fund. Unlike many other rich countries, Norway's high per capita GDP figures are a reflection of people's financial well-being. This type of country has the lowest income inequality gap in the world.
Current International Dollars (GDP-PPP) : 76,684
8. United Arab Emirates
Agriculture, fishing and commercial pearls were the economic backbone of the United Arab Emirates nation. Oil was then discovered in the 1950s and this type of country was included in the list of the richest countries in the world. Today, the entire population of the United Arab Emirates enjoys significant wealth. This country blends traditional Islamic architecture with glossy shopping centers. The economy of this country is also becoming more and more diverse. Outside of the UAE's traditionally dominant hydrocarbon sector, trade and finance as well as construction and tourism are major industries.
Current International Dollars (GDP-PPP) : 69,434
This type of country accounts for 6% of the world's total reserves. Kuwait's oil industry today accounts for about 40% of the country's GDP and 90% of its exports. The country has a population of about 4.1 million and is concentrated almost entirely in urban areas. Kuwait, a small country on the northern edge of the Persian Gulf, is the smallest state in the Middle East. This type of country is known as one of the richest countries in the world.
Current International Dollars (GDP-PPP) : 66,969
This type of country is known as white chocolate. With a population of 8.6 million, Switzerland's wealth is highly valued for its banking and insurance services and tourism, as well as for pharmaceutical products, gems and precious metals, precision instruments and machinery. The country's production is projected to decline by 7% in 2020. The density of millionaires in the world is very high in this type of country.
Current International Dollars (GDP-PPP) : 66,196