Around 200 countries in the world, many generate billions, and even trillions, in revenue each year. But which one comes out on top as the richest country in the world? Many of the richest countries have fuel and oil propelling their economies. Others have strong investment and banking system. Here are the Top 15 Richest Countries in the World
Qatar has well-developed oil exploration industry where the petroleum industry accounts for 70% of its government revenue, 60% of its GDP and 85% of its export earnings. It has approximately 2.27 million population giving total GDP of per capita of $124,930 and making the richest country in the world as per International Monetary Fund (IMF) Data.
Macao population is close to 650,900 ranks as the world’s second-richest country with total GDP of $114.430 per person as per IMF data.
Luxembourg is the richest European country in the world with total GDP $109,190 per person with respect to IMF data. Banking in Luxembourg is the largest sector of its economy with an asset base of over $1.24 trillion alone.
Singapore is technically the richest country in South East Asia, stands on the fourth position with GDP $90,530 per person according to the International monetary fund.
Brunei is a tiny nation on the island of Borneo with a wealthy economy that is a mixture of foreign and domestic entrepreneurship. Brunei has estimated 417,200 population and is the second richest country in the Middle East according to it’s IMF with GDP $76740 per person.
Ireland is an island in the North Atlantic. It is separated from Great Britain to its east by the North Channel, the Irish Sea, and St George’s Channel. According to IMF, Ireland GDP is $72,630 per person which is the second richest European country in the world.
Norway is a land of unparalleled beauty wealth and mystery it has given its off-the-grid status. Most people didn’t know about Norway, the cost of living in Norway is known to be one of the highest in the world. Norway is the richest country in the Scandinavia with total GDP of $70,590 per person.
Kuwait consists almost entirely of flat rolling dessert and mud flats. In fact, only 0.6% of the land area is considered arable and even that is naturally covered with sparse vegetation. Despite this, people have been managing to survive in these harsh lands for thousands of years. After Qatar and Brunei Kuwait is the third richest country in the Gulf with $69,670 GDP per person according to IMF data.
UAE consists of 7 Emirates with 9.27 million population. Despite being a country ruled by the Islamic Sharia Law, the UAE is welcoming more people every year. It has $68,250 GDP per person according to International Monetary Fund.
The ‘Playground of Europe’, Switzerland is a very wealthy country in the heart of Europe with a population of 8 million. Swiss economies based solely upon expensive watches chocolate and banks. Switzerland has stable prosperous and high-tech economy with $61,360 GDP per person.
Hong Kong isn’t a country but technically a special administrative region its sovereign state is China but it’s been occupied by the British and Japanese. Intern Hong Kong officially became independent from British rule in 1997. Hong Kong now considered to be one of the world’s most important financial centres and has a total GDP of $61,020 according to IMF data.
San Marino has been around since 301 A.D. and its border haven’t changed since 1463. This smallest country in Europe also has the oldest constitution in the world. San Marino has zero external debt and even a budget surplus and it is the fifth richest country in Europea with $60,360 per person of total GDP according to it’s per capita income.
The United States, which is home to more than 325 million people is the thirteen richest country in the world taking the $59,500 GDP per capita income into consideration. According to International Mutual Fund report in 2016 states that unemployment rates have remained low in the U.S. while growth driven by spending and investment have the country’s economy.
Saudi Arabia has been ruled by the Al Saud family since its inception as a nation in 1923. Saudi Arabia is one of many oil-based economies with strong government control over major economic activities that enjoy high GDP. Saudi Arabia has 32.28 million population with $55,260 GDP per capita income as per IMF data.
Netherland is the kingdom of four countries Aruba, Curaçao, the Netherlands and Sint Maarten. Netherland has 6.8 million people population, and a per capita GDP of $50,898 according to IMF data. The Dutch are more than just a tulip country.