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- Despite being one of the smallest countries in the European Union, Luxembourg stands out as the wealthiest nation in the world. Its remarkable economic success is reflected in the GDP per capita, which currently stands at nearly 130,000 dollars, according to the International Monetary Fund's latest data, which covers some 190 countries.
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Dec 28, 2021 · Real GDP (purchasing power parity) $69.72 billion note: data are in 2017 dollars (2020 est.) $70.64 billion note: data are in 2017 dollars (2019 est.) $69.06 billion note: data are in 2017 dollars (2018 est.) note: data are in 2010 dollars. country comparison to the world: 103.
Country (or area) Subregion Region Total wealth (USD bn) % of world Wealth to GDP ratio (2017–19) World: 454,385: 100.0% — Asia and Oceania: Asia and Oceania: 177,824: 39.1% — Northern America: Northern America: 151,170: 33.2% — United States * Northern America: Americas: 139,866: 30.8%: 5.493 Europe: Europe: 104,410: 23.0% — China ...
Country (or Area)SubregionRegionTotal Wealth (usd Bn)454,385Asia and OceaniaAsia and OceaniaAsia and Oceania177,824151,170139,866- Iceland
- Netherlands
- Saudi Arabia
- United States
- San Marino
- Hong Kong
- Switzerland
- United Arab Emirates
- Kuwait
- Norway
Tourism, exports and investment have driven Iceland’s GDP growth, according to the IMF. The IMF also predicts that the growth of the country’s tourism industryis also expected to be long-lasting.
The IMF noted in its 2016 staff report that the Netherlands has been going through an economic recovery, though Brexit may negatively affect the country’s economy. The Kingdom of the Netherlands, which includes Netherlands, Aruba, Curaçao, and Sint Maarten, has a population of just over 17 million, almost all of which are located in the Netherlands...
Oil is a large driver forSaudi Arabia’s GDP. However, non-oil economic growth is expected to pick up in the country, according to the IMF. The nation of 32 million is also in the middle of its “Vision 2030” reform program, an economic plan to move the country’s economy away from depending on oil.
According to the IMF, the U.S., which is home to more than 325 million people, is in the middle of its longest economic expansion since 1850. The 2016 IMF report also states that unemployment rates have remained low in the U.S. while growth driven by spending and investment have the country’s economy.
The country of nearly 9 million is in recovery mode as rising employment rates and domestic and external demand helped lead to a growth in San Marino’s GDP after a recession, the IMF reports.
Hong Kong’s growth rate slowed in 2016, according to the IMF, but it still stands as one of the richest countries in the world. A reduction in global trade and tourism from mainland China led to lower growth last year, the IMF said, but spending is expected to lead Hong Kong’s growth rate to pick up for 2017. The territory has a population of more ...
The country of 8 million people is recovering after its central bank lost $52 billion back in 2015. The IMF reported that Switzerland growth reached 1 1/2% in 2016. The country has also been implementing policies to help boost its economic recovery.
The United Arab Emirates stands as one of the richest countries in the world, with an economy pushed by the oil market, according to the IMF. Lower oil prices and output led to a lack of growth for the country in 2016, according to the IMF, however, non-oil growth in the UAE, which has a population of just over 10 million, is expected to rise in 20...
Kuwait, a country of more than 4 million people, bucked the trend of other oil-driven economies faced slower growth in 2016 because to a drop in oil prices and production, according to the IMF, largely because Kuwait saw growth in non-oil areas. And that non-oil growth is expected to continue growing, the IMF said.
The Scandinavian nation with over 5 million residents sits just outside of the top five richest countries in the world per capita. According to the IMF, the country was negatively affected by the the lower oil price over the last couple of years. Norway also saw its growth fall to its lowest since 2008 and 2009’s economic downturn, although the cou...
May 7, 2024 · Capital. name: Luxembourg geographic coordinates: 49 36 N, 6 07 E time difference: UTC+1 (6 hours ahead of Washington, DC, during Standard Time) daylight saving time: +1hr, begins last Sunday in March; ends last Sunday in October etymology: the name derives from the Celtic lucilem (little) and the German burg (castle or fortress) to produce the meaning of the "little castle"; the name is ...
Despite being one of the smallest countries in the European Union, Luxembourg stands out as the wealthiest nation in the world. Its remarkable economic success is reflected in the GDP per capita, which currently stands at nearly 130,000 dollars, according to the International Monetary Fund's latest data , which covers some 190 countries.
- How rich is the average person in LuxembourgThe average person in Luxembourg is relatively wealthy. According to the OECD Better Life Index, the average household net-adjusted disposable inco...
- Do you get paid well in LuxembourgYes, you do get paid well in Luxembourg. The average salary in Luxembourg is 48,220 euros per year or 4,018 euros per month. This is considerably h...
- Why is Luxembourg one of the richest countries in the worldLuxembourg's wealth can be attributed to several key factors. First, the country has a thriving financial services sector and serves as a global hu...
Jan 12, 2021 · IMF Ranking. Is Luxembourg the richest country in the world? Christophe Wantz - adapted for RTL Today | Update: 01.12.2021 11:57. © Shutterstock. The pandemic has shaken up the ranking of the...
Economy. International Monetary Fund: Income per capita in purchasing power parity ranked 1 out of 182 (2009) United Nations Development Programme: Human Development Index ranked 24 out of 169 (2010) Gallup World Poll: happiness ranked 28 out of 155 (2009) World Economic Forum: Global Competitiveness Report ranked 20 out of 133 (2010-2011)
