There are 196 countries in the world today. Some of them are developed countries while others are developing countries. The richest countries in the world can measured by GDP. GDP (Gross Domestic Product) is defined as the value all the final goods and services produced within a nation in a given year which then converted at market exchange rates to current US dollars, divided by the average of mid-year population for the same year.
Here is a list of the richest countries of the world 2017.
10. San Marino -GDP per capita $64,443
San Marino is one of the wealthiest country in the world with the GDP (per capita) of $64,443 in Europe its economy is considered as the most stable economy and with low tax rates and low rate of unemployment. It is fully developed country world witnessed its infrastructure and use of modern technology it is only country with more vehicle then people. The economy of the country depends on its finance sector, banking field, industrial zone and tourism sector. San Marino has the world’s first democratic government and it is the fifth smallest country in the world with rich economy.
9. United Arab Emirates -GDP per capita $67,696
United Arab Emirates when the whole world wanted to visit a beautiful richest country it should be Dubai the infrastructure of Dubai is so powerful and modern that no one could ever miss the chance to visit it. It shows the strong tourism impact on the whole world, its economy reliant on its big oil and gas resources which makes Dubai the richest country in the world with the GDP of $67,696. Employment rate is very high anyone can find easy job opportunities here Dubai has the record holder of world’s tallest building Burj khalifa with 828m. Dubai is on the richest countries list and it well deserves one.
8. Norway -GDP per capita $69,296
The nation is called Nordic nation with the per capita income of $69,296 it is a Scandinavian country with high mountains, deep coastal lines, glaciers and beautiful landscape. Norway has been an emerging economy and now with the best growth in GDP and developed its economy with capital reserves, assets, oil and gas reserves, development in technology and human index, highly living standards with big employment opportunities and industrial sector is become the part of richest countries in the world. It is the stable and well organized country with wooden houses which seek the attention of the people and they surely wanted to visit it once in lifetime.
7. Ireland -GDP per capita $69,374
The economist said Ireland has the best quality of life and it is among the richest countries in the world measured by its GDP of $69,374 with the population of almost 5 million people. The human lives in this country could enjoy the luxuries of high standard living the economy of Ireland is highly depends on the trade industry, textiles, mining, food production and banking sector. It is the country of high technology and innovations in new products due to growth in every sector it is called as Celtic tiger. It is the hub of tourism and this sector help the economy of Ireland toward the highest ranking.
6. Kuwait-GDP per capita $71,263
Kuwait is an Arab country it has the strongest economy with all relied on petroleum reserves it has the sixth largest oil and petroleum reserves. The GDP of Kuwait $71,263, and the economy is based on other industries like shipping, oil industries, water desolation and banking Kuwaiti dinar is the highest current valued currency in the world. Kuwait has the largest human development index it is one of the best employment provider country in the world and people move here with heavy cost just to find out the luxuries and secured future. Kuwait city is one of the eye candy destinations of the world just because of its beautiful buildings and eye catching resorts.
5. Brunei -GDP per capita $79,710
In south East Asian a very small but the richest country is Brunei with the GDP of $79,710 the country is large exporter of natural gas and also its economy is accounted by crude oil and natural gas production. The distinctive pieces of land are cause of attraction for the tourists and Brunei is blessed with natural and beautiful destination. It has developed infrastructure and highly developed human index with low tax rates and high employment opportunities in the world like all other countries who has oil and gas reserves Brunei government also lead their economy toward the strongest economies in the world.
4. Singapore -GDP per capita $87,082
In southern Malaysia Singapore is an Iceland state .The country has GDP about $87,082 it has the highest per capita income with low tax rates and its economy is known as the most business friendly, freest, and strongest. It is one of the least corrupt country and very developed in Technology and innovation of new products it has also multicultural nation and highly developed trade market which helps its economy towards boost. Its finest destination attracts the tourists to visit Singapore places like woodland, central area, or Tengeh Reservoir. Singapore wealth is depends on chemical export industry, tourism, and banking sector.
3. Macao -GDP per capita $96,147
Macao is another on the list of richest countries of the world it has the richest economy in term of GDP of $96,147 and its strong economy depends on gambling and tourism people admire this country because of the dream destinations and strong infrastructure. Macao is the only territory where gambling is legal in china region. The swelling numbers of tourist and center of china gamblers helped Macao to rose its GDP and became among the highest ranked richest in the world. Macao is a developed country with a very low rate of unemployment it is one of the Asian regions which has the highest human development index.
2. Luxembourg -GDP per capita: $101,936
Luxembourg is a small country this nation is the world’s second investment fund center with the GDP of $101,936 with is nine times the world average it’s a developed country with various industries like rubber, chemicals, and other industries, mostly rural with natural parks and surrounded by Germany, France, and Belgium. Unemployment rate is low here and quality of living with all essential needs is very high. It has stable economy which is depend on banking sector, steel industry. Luxembourg is favorite place for tourist as well because of its capital Luxembourg City which has great destination with old culture like Esch-sur-Alzette, Esch-sur-Sûre and many. Luxembourg is a symbol of wealth and world richest countries.
1. Qatar -GDP per capita: $129726
Qatar is an Arab country and ranked top of the richest countries, the GDP of Qatar is $129,726 highest per capita income in the whole world. It is a developed country with industries like Urea, Steel plants, ammonia fertilizers the state of Qatar is rich with natural resources like gas reserves and oil reserves which plays the major part in the rise of its economy with employment opportunities for foreigners as well. Because of its economic growth and wealth Qatar has been chosen to host the FIFA 2022 and will became the first ARAB nation to have this Opportunity and hold this record as well.