Thursday , December 8 2016

Top Ten Richest Countries In The World

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The ranking of the Top Ten Richest Countries In The World is done according to the standard of living for the citizens of each country , economists say that a rich country is the country that have citizens that earn enough to support their everyday needs , The ranking is also done according to the GDP per capita in these nations calculated and measured in US Dollars , Discover with us the ranking of the Top Ten Richest Countries In The World .

10- Kuwait

Kuwait is considered a prosperous country in the Middle East economically and that is primarily due to the huge percentage of exporting crude oil , the average GDP for Kuwait is $43.700 , Kuwait’s population is only 2.8 residents .

9- Switzerland

The rich European country has one of the most prosperous economies in the world due to its extensive income sources such as agriculture , banking , tourism and the manufacturing and exporting of the finest watches in the world , Switzerland could successfully maintain its high records of GDP and stable economy as it is ranked as the 9th richest country in the world .

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8- United Arab Emirates

Comes as the 8th richest country in the world with an average GDP of $48,400 annually , The country consist 7 Emirates each Emirate is independent and ruled by its own monarch , The country is considered one of the richest Arab nations , the main source of income in this country is exporting natural gas , oil , dried fish and dates .

7- United States Of America

The United States is the most powerful nation in the world and come on our list as the 7th richest country in the world and that is due to some political issues that shook the economy of the United States for the past few years , The country’s income source include exporting goods such as weapons , modern technologies and several other services and products .

6- Brunei Darussalam

Brunei is one of the richest southeastern Asia countries with an average GDP of $50,400 and a small population of only 500,000 resident only , The country generate its income by exporting natural gas crude oil and more than 90% of this country’s GDP coming from petroleum exporting .

5- Hong Kong

Hong Kong is ranked as the 5th richest country in the world in terms of its GDP .Hong Kong is an important financial destination for foreign investor from Asia and the whole world .

4- Norway

With a high GDP and a rather small population of only 5 million residents Norway is ranked as the 4th richest country in the world in terms of its GDP , Fortunately Norway share borders with other economically advanced countries such as Finland , Sweden and Russia , the country’s income source depend largely on natural gas and oil exporting .

3- Singapore

Singapore consist of 63 islands in south east Asia , Singapore has an advanced position on the list of the Top Ten Richest Countries In The World , Singapore is included in the four countries that have the largest financial centers in the world which are Hong Kong , South Korea and Taiwan the population of this country is 5,5 millions .

2 – Luxembourg

Luxembourg is another prosperous European nation that is also recognized as Tax Heaven , in fact several business men leave their native countries and choose to live in this country to free themselves from too much taxes . Income sources in this country include telecommunications and steal industry .

1- Qatar

Qatar come as the richest country in the world due to a small population of less than 2 million residents and over $ 182 billions GDP , the economy of this country depend primarily on petroleum which generate over 85 percent of this country’s export earnings , the country also contribute in tourism and banking business .

There are many other countries in the world that have a high economical state and standard of living the ranking above is for the Top Ten richest Countries In The World.

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