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Richest Countries in the World | Top 10 Richest Country in the World


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Richest Countries in the World

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Map Showing Top 10 Richest Countries in the World
Map depicting the top 10 richest countries in the world

 

Gross Domestic Product (GDP) is the total market value of all goods and services produced in a country in a year. These estimates are made every year by international financial organizations such as the International Monetary Fund and the World Bank. While the GDP (PPP) is a good indicator of a country’s wealth, calculations based on nominal GDP often tend to overlook the cost of living in each country. The GDP per capita, however, is not precisely a measure of personal income.

Top 10 Richest Country in the World

Country Name GDP per Capita (2021) About
Qatar $59,330 Qatar is the richest country in the world. Its economy is driven by its vast reserves of natural gas and oil, which have made it a major player in the energy sector.
Macau $48,130 Macao SAR is the second richest country in the world. Its economy is heavily dependent on tourism, particularly its bustling casino industry.
Luxembourg $114,705 The third richest country in the world. Its economy is driven by its thriving financial sector, as well as its steel industry.
Singapore $65,233 Fourth richest country in the world. Its economy is heavily export-oriented, with a focus on electronics, chemicals, and financial services.
Brunei $37,032 Fifth richest country in the world. Its economy is heavily dependent on its oil and gas reserves, which account for a significant portion of its GDP.
Ireland $89,383 Sixth richest country in the world. Its economy is driven by its technology and pharmaceutical industries, as well as its financial sector.
Norway $44,758 Eighth richest country in the world. Its economy is driven by its oil and gas reserves, as well as its tourism and construction industries.
United Arab Emirates (UAE) $43,576 One of the wealthiest countries in the Middle East. Its economy is highly diversified, with a strong focus on oil and gas, tourism, and financial services.
Kuwait $38,720 Ninth richest country in the world. Its economy is heavily dependent on its oil reserves, which account for around 60% of its GDP.
Switzerland $84,987 Tenth richest country in the world. Its economy is driven by its finance, pharmaceuticals, and tourism industries, as well as its reputation as a hub for international organizations.

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