LIST OF RICHEST COUNTRIES IN THE WORLD

1)Qatar

Capital: Doha

GDP: $102,768.69

Known for: Pearl mining, natural gas, numerous oil and petroleum reserves

The country that has been ruled over the years by a single royal family, got lucky with its natural reserves and stands still in the list of richest countries again. Its foreign open trade policies with US and a strategy of no income tax to its citizens have made Qatar the wealthiest nation in the world.

2) Luxembourg

Capital: Luxembourg

GDP: $80,679.06

Known for: Iron and steel companies

This small country is a home to world’s biggest and richest iron and steel companies also providing international banking services to the rest of the world. The country also has the highest minimal legal salary.

3)Singapore

Capital: Singapore

GDP: $60,833.33

Known for: Education system, Tourism, Cuisine

Singapore has always been on roads of development and changes holding together the small nation. The governance and the legal structures of Singapore is extremely strict yet one of the best, making it easy for the country to slowly become one of the world’s richest.

4)Norway

Capital: Oslo

GDP: $55,264.45

Known for: Minkey whale meat, Skiing, Coffee, Waffles, Trolls, Fishing, Seafood

The land of the rising sun, holding its place firmly, has the world’s best social welfare system, where every individual gets to pay if he/she does their bit of work. The extensive natural and fishing reserves has brought the country in the rich list and keeping the healthy and wealthy lifestyle of people.

5)Hong Kong

Capital: Panyo

GDP: $50,708.95

Known for: Tourism, Hopping centers, Victoria Harbor Night View, Transportation network

Though you may find people debating upon the inclusion of Hong Kong in the list, but being the administrative country of China and mainly due to its major contribution in the world economy and politics, it deserves a spot. The friendly political condition made it easy to have a free trade with it, which in turn help in boosting the economy.

6)Brunei Darussalam

Capital: Bander Seri Begawan

GDP: $50,526.35

Known for: Natural gas and petroleum fields

The small nation of Southeast which is mainly dominated by Muslim population is extremely wealthy due to its gifts from god of natural gas and petroleum. The other secret behind its existence in the list is, it is one of two countries which has 0% public debt.

7)The United States of America

Capital: Washington, D. C

GDP: $49,820.15

Known for: IT products

The world’s largest economy, no doubt is also one of the world’s richest economies. The country, considered to be as the global power, has set many milestones in the past few decades in IT, producing products that have a huge consumer market. This demand and purchase greatly profits America and its national treasury, so the country is going to stay in the list couple more decades as its not dependent on non renewable sources.

8)United Arab Emirates

Capital: Abu Dhabi

GDP: $48,992.47

Known for: Oil reserves, Date plants

It wasn’t more than doom of dessert scorching under sun few decades back, but now suddenly it is witnessing a boom after all the oil reserves were explored in the country. The land is basically profits greatly from the monarchy that rules over it. Together with the natural reserves, the lavish style and free trade opportunities, the UAE have seen a growth in incoming tourists, which is defiantly bringing the foreign currency to the country, helping it to stand in the list.

9)Switzerland

Capital: Bern

GDP: $45,285.8

Known for: Banking system, Swiss chocolates, Swiss army knives, 4 national languages

A home to the world’s richest bank, Swiss Bank, Switzerland, is also a home to some of the world’s biggest agencies. Together with its world’s efficient banking system and liberal taxation policies leaves no stone unturned to raise the economy of the country despite of economic European cruises.

10)Kuwait

Capital: Kuwait City

GDP: $43,846.72

Known for: Oil Producers, the Central musical influence of the Gulf Cooperation Council

The only Arab country in the western region of Asia is one of the leading oil producing countries and so building its treasury dependent upon non renewable source solely. The country has a monarchy system of government which provides all the necessary funds and money, supporting the economic growth policies.

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