Entrepreneurs
evaluate the richest countries and the poorest countries in the world
with a view of determining the best investment that suits a specific
region. The richness
is determined using different estimates by different organizations such
as the International Monetary Fund (IMF) and the World Bank. The
purchasing power parity (PPP) per capita of different countries is used
to derive the gross domestic product (GDP).
However,
despite the fact that the GDP (PPP) can indicate the wealth of a
country, estimations based purely on the nominal GDP are believed to
ignore the national wealth of a
country and this might not favour some countries in the rankings.
High
standard of living, low unemployment rate, welfare and social
programs…these are some of the traits of a modern and industrialized
country. But which countries
provide the most for its population? The following are the 20 richest
countries in the world in terms of 2011 per capita income:
Top
5 World’s Richest Countries 2013 list is based on the rankings by the
International Monetary Fund, reflecting the cost of living, the
purchasing power giving the final GDP
per capita of each country.
1.
Qatar
Qatar
is the richest country in the world with a GDP capita of US $100,100
per year in 2012. Qatar is a rich oil country located in the Middle East
and boosts itself as the leader
in the world in exporting natural gas. The capital city is Doha, and
the official language is Arabic. The country has a population of less
than 3 million, though much of the labour force in the country comes
from the neighbouring countries such as India, Pakistan
and Saudi Arabia. Qatar is an Arab country making it the top 10 richest
countries in the globe. The economy of the county is boosted by the
industry sector relying on oil and gas deposits in the region.
Qatar made
a significant jump from the second spot in the previous years to the
first, past Luxembourg, in the new assessment. The leap is especially
noteworthy as Qatar used to be a poor
Islamic country until the mid-19th century.
From
well-planned gigantic infrastructure, exports, economic diversity to
advancements of MNC’s, the Arab nation is also one of the least taxed
countries with most services available
for free or at a minimal cost. It is endowed with the third-largest
natural gas reserve in the world
,
with the proven amount more than enough to allow them to produce the
same number of barrels for the next 50 years. More than half of its GDP
comes from oil, including
almost 85% of exports and 70% of government income. To further
stimulate the economy, Qatar is also embarking on huge infrastructure
projects, just in time for its hosting of the 2022 World Cup of
football.
2.
Luxemburg
Luxemburg
is the world’s second richest country with a GDP capita of US $80,000
per year. The country occupies a small portion in Western Europe. The
population of the country
is below 800 thousand people. The capital city is Luxembourg, while the
official languages are Luxembourgish, French and German. Unlike many
countries, the economy of the country does not rely on natural resources
such as oil, gas, gold, diamond or any other
form of mining, but is mainly depended on financial services. It is
believed that the rich people in the world save their money in the
country and this activity has boosted the economy of the country.
3.
Singapore
Singapore
is an Asian country and the world’s third richest country with a GDP of
$59,711. The country’s capital is Singapore and has an estimated
population of about 5.3 million.
The official languages used in the country include English, Malay,
Tamil, and Chinese. The economy of the country mainly relies on
financial services. Most of the rich people from Asia save their money
in Singapore.
4.
Norway
Norway
is the fourth richest country in the world and one of the safest places
to live on earth. The country has GDP per capita of $53,000 and an
estimated population of about
5 million people. The capital city of Norway is Oslo and the official
language is Norwegian. Norway exports natural resources such as oil and
other derivative products such as metals and chemicals. There is no
single industry sector that can be said to the
country backbone in terms of economy development.
5.
Brunei
Brunei
is located in Southeast Asia, and is a very small country. However, it
is the fifth richest country on the globe with a GDP per capita of $
49,384 and a population of
below 500,000 people. The capital city of the country is Bandar Seri
Begawan and the official languages are Behasa Melayu, Chinese and
English. The country mainly relies on oil and gas industry to boost its
economy.
Thanks & Best Regards
Mohammed Shakir
IT- Consultant
Qatar Airways
PO BOX 22550.
Doha, Qatar.
Pü
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