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Sunday, January 27, 2013

Qatar : The Richest Country In The World

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
        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.
Qatar
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
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Bst Rgds,
Shakir
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Prophet Muhammad

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Pü Consider the environment. Think before you print.
1 ream of paper = 6% of a tree and 5.4kg of CO2 in the atmosphere
3 sheets of A4 paper = 1 litre of water