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Richest Countries In The World 2021. Luxembourg. The European country of Luxembourg has been classified and defined as the wealthiest country in the world. The findings are based on the ... Norway. Switzerland. Ireland. Iceland.
Nov 12, 2020 · Luxembourg is one of the smallest countries in the world, both in terms of landmass and population, with just over 600,000 citizens. With a GDP of $71.1 billion, Luxembourg's GNI per capita is one ...
Known for high-income levels and a low unemployment rate, Luxemburg is the richest country in ...RankCountry/Territory2019 GDP per Capita in Int $1Macau129,1032Luxembourg121,2933Singapore101,3764Qatar96,491
- Qatar. Ranking first in our Top 10 richest countries in the world list is oil-rich Qatar. Its robust economy, which has been outperforming the rest of the world, is powered by its well-established petroleum sector, which accounts for around 85 percent of its export and 70 percent of total national revenue.
- Macau. This former Portuguese colony has established itself as the second wealthiest nation in the world, posting a 7.4 percent increase in its GDP per capita, which has reached $118.099.
- Luxembourg. This small European nation is known for its majestic castles, delectable cuisines and being the last Grand Duchy in the world. But the country more than makes up for its size with its strong economy.
- Singapore. This cosmopolitan city-state of 5.612 million people is known as the wealthiest nation in Asia and by far, fourth in the whole world with a GDP per capita of $98, 255, a 4.4 percent increase from 2017.
Mar 25, 2020 · In this article, we will be sharing with you the list of the richest countries in the world ...CountryGDP Per Capita in US$1 Luxembourg114,2342 Switzerland82,9503 Norway81,6954 Ireland76,099
- Qatar. GDP per capita: $ 130,475. Qatar is one of the richest countries in the world. Qatar’s wealth comes from oil and natural gas, which has made some people very wealthy.
- Macau. GDP per capita: $ 116,808. Technically, Macau is part of China but has a lot of independence. The territory belonged to Portugal until 1999, when it was passed to China, but with its own system, different from the rest of the country.
- Luxembourg. GDP per capita: $ 106,705. Luxembourg is one of the smallest countries in Europe and the world. But its economy is very strong and that made it earn a space on the list of the richest countries in the world.
- Singapore. GDP per capita: $ 100,345. Singapore is the country with the highest percentage of millionaires in the world! Despite this, the wage gap between the richest and the poorest is very large.
- United States
- San Marino
- Hong Kong
- United Arab Emirates
The GDP Per Capita of the United States is $59,500. The U.S. economy constitutes one-quarter of the worldwide economy. Due to this reason, it is regarded as an economic superpower. The US has held the title of the largest economy in the world since 1871. In nominal terms, the overall size of the U.S. economy is $20.58 trillion, and it is expected to reach $22.32 trillion in the year 2020. The reason for being so incredible is that it is backed by advanced technology, infrastructure, and a massive amount of natural resources. However, when the economy is evaluated with respect to purchasing power parity, then the United States was seen to lose it to its competitor nations.
The GDP Per Capita of San Marino States is $60,360. The total population of this country is nine million. It is presently recovering from its economic set caused due to recession. According to the IMF report, the government has taken up measures to increase the rate of employment and external and domestic demands that have greatly assisted in growth in the GDP of San Marino.
The GDP per Capita of Hong Kong is $61,020. The country has a population of over seven million people. It has sustained at the top positions in terms of economic liberty since 1995. One of the downsides of this region is that it suffers from a high level of disparities in income. Hong Kong has been the former British colony and the administrative region of China. It is the entrance to the top financial center in Asia. Ranked at No. 11thposition among the 190 economies, one of the distinctive features about the company is its tax incentives and good infrastructure. Hong Kong has become a highly popular destination for the launch of a start-up, with foreign firms that have permitted to own a hundred percent of their businesses without any citizenship requirements. As per the government statistics, in this country, only five people live below the poverty line. This makes the island extremely rich. Hong Kong is an island with the largest population of high-net-worth individuals througho...
The GDP per Capita of Switzerland is $61,360. Switzerland is connected to Italy on its south border, France to its west, Germany to its north, and Liechtenstein and Austria to its east. The country has a population of eight million people. It is a well-developed economy that boasts of its thriving tourism industry, and social market. The total population in this country is calculated to be 8 million. The country has witnessed exponential growth over the last few decades. It has broken the hurdles of a centralized closed economy for emerging into a manufacturing and export center of the world. As per the prediction of IMF, the growth of Switzerland will reach one and ½ percentage in two to three years. After when the central bank lost $52 million, the company has formulated and implemented several policies in the direction of boosting its economy.
The GDP per Capita of The United Arab Emirates is $68,250. Agriculture, pearl trading, and fishing have been the revenue generation occupation for people in this Persian Gulf nation. After the discovery of oil in the 1950s, the economy underwent a major positive transformation. In the present scenario, the nation is seen to have considerable wealth, conventional Islamic architecture, showy shopping centers, and tax-free salaries that allures professionals from different parts of the world to this country. Only 20 percent of its total population is comprised of locally-born residents. It has a large-sized export and manufacturing base. Looking at the performance in the last couple of years, the role of the services department has increased to a reasonable extent. However, the role of the manufacturing sector in forming the GDP has declined. The economy of the United Arab Emirates is becoming highly diversified. Outside the conventionally dominant hydrocarbon sector, several major ind...
The GDP per Capita of Kuwait is $69,670. It lies in the Western region of Asia. Kuwait is connected to Saudi Arabia, and Iraq on its borders. It is considered to be the sixth-largest oil reserves in the country. The Arabian Desert covers a significant area of Kuwait. With the discovery of an abundance of oil under its sands in 1938, Kuwait made around eight percent of the entire world’s reserve. The present situation of this oil industry is equivalent to half of the overall GDP of the country and more than 90 percentage of its exports. Kuwait is a small state with a population of 4 million people who are concentrated in urban regions. Located on the northern corner of the Persia Gulf, Kuwait is among the highly democratic and advanced nations in the world.
The GDP per Capita of Norway is computed to be $70,590. The total population of Norway is more than five million people. Oil is the resource that drives the economy of this country. As the top producer of petroleum in western Europe, the nation has benefitted from increasing prices after a decade of decline. With huge revenues that boost the economy, the governor of the central bank has decided to increase the rate of interest to the highest level since the year 2015. Sub-zero rates have helped the nation to encourage growth and investment. Norway has the lowest bridges related to inequality in income throughout the world.
The GDP per Capita of Ireland is computed to be $72,630. Ireland is considered to be the second-largest nation of the British Isles. It stood in the third position in Europe. The nation has one of the highest economic growth rates all over Europe. Amidst uncertainties in European economies, Italy’s economic griefs, and rising oil prices, the Irish economy is moving up in the economic ladder at a consistent rate. In 2019, it saw expansion by more than four percentage that in turn made it the fastest-growing economy after the financial crisis in 2008. With a population of below five million inhabitants, the country became one of the most challenging hits by the worldwide downturn. After implementing politically tough improvement measures that included a sharp decline in wages and restructuring the banking area, the nation recovered its lost financial health. Slowly employment rates went up, and its per capita GDP got doubled.
The GDP per Capita of Brunei is $76,740. The population of this country is about 400,000 people. Crude oil production and natural gas account for making ninety percent of its overall GDP. The country is known to derive its fortune by its massive immense reserves of natural gas, and oil. Despite being a prosperous and affluent nation, malnutrition, adultery, death penalty, and sodomy are very common here. Though Brunei is ranked in one of the top ten wealthiest countries in the world, it does not seems like though, as richness doesn’t come by money alone.
The GDP per Capita of Singapore is $90,530. It is an island city-state located in Southeast Asia and also the second-largest overseas investor in India. Another very interesting thing about this country is that the world’s highest number of millionaires lives here. This shows how affluent the country is! In 2018, there was noticed an expansion in its economy by 3.2%. Afterward, it showed a drastic deceleration due to worldwide trade tensions. Yet, the reason for such a slowdown in GDP per capita figures of the country could be hard to interpret. As per the International Monetary Fund, GDP per capita raised to more than $86,000 in 2017 and reached $89,000 in the next year. It is estimated that this rising trend will continue till 2024 and could reach the $99,000 mark too. In 1965, when Singapore got independent, around fifty percent of its population was uneducated. With negligible natural resources, the country became one of the wealthy, and business-friendly places through its smar...
Top 10 Richest Countries in The World 2021. Qatar. Qatar is the richest country in the world in 2021 today. This is because Qatar stands out with a GDP per capita of $128,070. Luxembourg. It’s the 2nd richest country in the world in 2021. Singapore. It’s the 3rd richest country in the world in 2021. Brunei. Ireland. Norway. The United Arab ...
Considering GDP per capita, Luxembourg is a very wealthy country but perhaps not the wealthiest. Between the data of the IMF, the World Bank and the UN, the highest GDP per capita is created in Liechtenstein (US$166,000) and Luxemburg ranks high at US$114,000. Moreover, the debt of Luxembourg is around 20%, while that of Liechtenstein is 0.