America Not Among The Top 5 Richest Countries in The World. Check The List.
If one ask what the richest country in the world is, the abrupt answer is Qatar. This is because it comes first on our top 5 richest countries in the world as per their capital annual average income. If individuals are rich, the country is rich. Hence, our list is supposed to give you a comprehensive and useful information about top most rich countries in the world at individual citizens level and not as an economic power house at collective level.
Wealth can be measured in various ways and doesn't have to include how much money a country has. It can also be welfare, health or happiness.
In this article, the richest country in the world is measures by the Gross Domestic Product (at Purchasing Power Parity- PPP) Per Capital standard. This is the value of all final goods and services produced within a country in a given year, divided by the total population for the same year. The value is given in international dollars, which is a hypothetical currency that follows the exchange rate of the US dollars. Below is the list of the top 5 richest countries in the world:
Do you know that Google and Facebook have their offices in Ireland? Many companies are attracted to have Ireland as their base due to tax advantages.
This has given a huge rise for the Irish economy, and are now ranked as the fifth richest country in the world.
GDP per capital: 78,785
This small little Sultanate has become rich, thanks to the huge resources of oil and gas. Brunnei doesn't have either tax or VAT.
GDP per capital: 79,530
One of the world's top financial centers that have become experts in importing products and services to resell. Many Singaporeans are grown up with a desire to become rich, and with a right mentality. With power and conditions, much can happen.
The movie, 'Crazy Rich Asians' took place in Singapore and gives some insights into the rich society and the wealthiest people in the country.
GDP per capita: 100,345
Another country that has become rich, thanks to banking and financial services. They also have strong industry of steel, rubber and chemicals. Several of the main headquarters of the EU can be found in the capital of Luxembourg.
GDP per capita: 106,705
Qatar is the richest country in the world according to GDP per capita. It's wealth primarily comes from oil and natural gas. Qatar also tries to lie at the forefront when it comes to technical innovation and making themselves independent of fossil fuels in the future.
This is also where one of the best airlines in the world has its main base- Qatar Airways.
GDP per capita: 130,475.
And that is our list of the top 5 richest countries in the whole world. Let is know which of the included or ommitted country name suprises you most in the comment section and please remember to share to your friends on your handles.