Jul 13, 2015 · Luxembourg is the second richest country in the world with an average GDP per capita of $79,593,91. The high figure is partly due to the large number of people working in the tiny landlocked nation while living in surrounding France, Germany and Belgium.
- Barbara Tasch
- John Csiszar
- Luxembourg. GDP per capita: $114,704.59. With a landmass of only 998 square miles, there?s plenty of money floating around in Luxembourg, which no doubt helped contribute to the nation?s estimated 1.95% population growth in 2019.
- Switzerland. GDP per capita: $81,993.73. When you think of Switzerland, you might think of banks and watches. This is more than a stereotype, as both of these industries help propel the Swiss economy into the top two globally.
- Ireland. GDP per capita: $78,660.96. Ireland is known for its beef, potatoes and dairy products ? and its beer ? but a diversified collection of industries lifts the tiny nation?s GDP into the top three in the world.
- Norway. GDP per capita: $75,419.63. Norway is one of the wealthiest countries on Earth, which was proved when it surpassed the $1 trillion mark in its sovereign wealth fund in 2017.
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The economy of Luxembourg is largely dependent on the banking, steel, and industrial sectors. Luxembourgers enjoy the highest per capita gross domestic product in the world (CIA 2018 est.).Luxembourg is seen as a diversified industrialized nation, contrasting the oil boom in Qatar, the major monetar
Mar 09, 2017 · Global Finance Magazine ranked the world’s richest countries according to GDP per capita. And number one isn’t Brunei. Or Luxembourg. Published in February 2017, the results were computed using using IMF data for per capita GDP, and then adjusted for purchasing power parity (PPP).
Qatar has been ranked as the world's richest country per capita in a new list compiled by US-based Forbes magazine. Blessed with the third-largest natural gas reserves in the world, the Arab Gulf ...
- Yahoo Finance
Luxembourg is the small European nation with a populace of around 600,000 but with a GDP of $122,489 makes it the third world’s richest country. The country owns a strong workforce and its continuing growth have exceeded the European Union’s overall growth so far.
Jul 23, 2020 · 5th BEST Ranking Passport in the World. Luxembourg passport is ranked the 5th BEST ranking passport in the world. Luxembourg citizens enjoy visa-free or visa-on-arrival access to 186 countries and territories. Top 10 Richest Country in the World. Luxembourg is one of the TOP 10 richest countries in the world, with one of the lowest GDP debt ratio.
- South Sudan
- Democratic Republic of The Congo
- Central African Republic
- Gross Domestic Product (GDP) Based on Purchasing-Power-Parity (PPP) Per capita.
Situated 400 kilometers off the coast of East Africa, Madagascar is the fourth largest island in the world. Known for its astonishing wildlife, the flourishing tourism industry has not been able to lift the country out of poverty. The majority of the population is still dependent upon agriculture for their livelihoods, leaving the country’s economy especially vulnerable to weather-related disasters. Since becoming independence from France in 1960, Madagascar has experienced bouts of political...
This volcanic archipelago in the Indian Ocean, north of the Mozambique Channel, is a natural paradise with pristine beaches and incredible forest vegetation. Economically speaking, however, it is a nightmare. Unemployment amongst the generally under-educated low-skill workforce is high, as is dependence on foreign aid and technical assistance. Although the country’s lava-encrusted soil is unsuited to agriculture, most the young and rapidly increasing population of about 800,000 make their liv...
South Sudan is the newest nation in the world. It was born on July 9, 2011, six years after the agreement that ended the conflict with Sudan, Africa's longest-running civil war. However, violence has continued to ravage this land-locked state of 12.5 million. Formed by the 10 southern-most territories of Sudan and home to around 60 indigenous ethnic groups, a new conflict broke out in 2013 when president Salva Kiir accused his former deputy, rebel leader Riek Machar, of staging a coup. As a r...
Africa’s oldest republic has also ranked amongst the poorest nations for the longest time. While the country has enjoyed peace and stability since the ending of the civil war in 2003, its governments failed to adequately address serious systemic problems and structural challenges. To add to the difficulties, this country of just 4.7 million struggled to recover from the decline in commodity prices and the major Ebola epidemic that hit West Africa in 2014.Things seem to be looking up. Growth a...
The former Portuguese colony has plenty of arable land and water, and ample energy and mineral resources. On top of that, a recently discovered natural gas offshore field could add an estimated $40 billion to its economy by 2035. Mozambique is also strategically located, as four of the six countries it borders are landlocked and depend on it as a conduit to global trade, and over the past 10 years has posted average GDP growth rates of over 5%. Yet, it remains among the top 10 poorest countri...
With 80% of its this landlocked territory covered by the Sahara desert and a rapidly growing population largely dependent upon small scale agriculture, Niger is under threat from desertification and climate change. Food insecurity is high, as are disease and mortality rates, and the army’s recurrent clashes with jihadist group and Islamic State (ISIS) affiliate Boko Haram have displaced thousands of people. One of the main driver of the economy—the extraction of valuable natural resources suc...
One of Africa’s smallest nations, in recent years Malawi has made strides in improving economic growth and implementing crucial structural reforms. Its per capita GDP, which went from about $975 in 2010 to $1,200 in 2018, is now projected to reach $1,580 by 2024. This improved outlook has been overseen by a stable and democratic government which has received considerable financial support from both the IMF and the World Bank. Nevertheless, poverty is still widespread, and the nation’s economy...
Since gaining independence from Belgium in 1960, the Congo has suffered decades of rapacious dictatorship, political instability and constant violence. Now the country is ready to turn a page: on 24 January 2019, Félix Antoine Tshisekedi Tshilombo—the son of legendary opposition leader Etienne Tshisekedi—was elected as the new president.He has his work cut out for him. His controversial predecessor Joseph Kabila—who had governed since succeeding his assassinated father in 2001—is credited for...
Rich in gold, oil, uranium and diamonds, the Central African Republic is a very wealthy country inhabited by very poor people. However, after claiming the title of poorest in the world for the best part of the decade, this nation of just 4.7 million is showing some signs of progress.For the first time since its independence from France in 1960, in 2016 the Central African Republic has a democratically elected a president: former mathematics professor and prime minister Faustin Archange Touadé...
The small landlocked country of Burundi, scarred by Hutu-Tutsi ethnic conflict and civil war, has fallen two places in the ranking since last year. President Pierre Nkurunziza, a former Hutu rebel who won a third term last year in controversial elections boycotted by the opposition after a failed coup, has come under international pressure. In March 2016 the European Union, Burundi’s largest donor, cut funding to the government in an attempt to force Nkurunziza into talks to end the political...
Values are expressed in current international dollars, to the nearest whole dollar, reflecting a single year's (2018) currency exchange rates and PPP adjustments.Source: International Monetary Fund, World Economic Outlook April 2019.
> You should look for 3 things in a foreign country if you want to save money as an ex-pat: 1. Access to a secure residence. If you can't get a residence visa in a safe place to live, you're not going to be able to stay long enough to earn and sa...