In 2011, according to the IMF, Luxembourg was the second richest country in the world, with a per capita GDP on a purchasing-power parity (PPP) basis of $80,119. Its GDP per capita in purchasing power standards was 261% of the EU average (100%) in 2019.
Oct 23, 2019 · Luxembourg City in Luxembourg, ranked as Europe's richest country. Many countries in continental Europe are ranked as some of the world's richest nations. Europe's history features many innovations and civilizations, and it continues to dominate in areas such as technology, exports, industrialization, engineering, and services.
The country's wealth is attributed to its large reserves and exploitation of oil and natural gas.   Trinidad and Tobago has earned a reputation as an excellent investment site for international businesses and has one of the highest growth rates and per capita incomes in Latin America.
The European country of Luxembourg has been classified and defined as the wealthiest country in the world. The findings are based on the gross domestic product values of the countries. The GDP is calculated by dividing the country's total GDP by the population size, and from there, you'll end up with the GDP value per capita within a country.
If we simply consider a nation's gross domestic product (GDP)—the sum total of all goods and services produced by a country during one year—then we would have to conclude that the richest nations are exactly the ones with the largest GDP: United States, China, Japan, Germany.
Dec 25, 2020 · Per capita gross domestic product (GDP) is a metric that breaks down a country's economic output per person and is calculated by dividing the GDP of a country by its population.
Feb 03, 2020 · The Dangote Group also dominates the sugar market in Nigeria and is a major supplier to the country’s soft drink companies, breweries, and confectioners. Dangote is ranked by the forbes Billionaires Index as the richest black man alive. 2. Nassef Sawiris. Net Worth: $8.5 billion Country: Egypt Source of Wealth: construction, chemicals Age: 60