World map showing the Top 10 Richest Countries based on Gross domestic product (GDP) based on purchasing-power-parity (PPP) per capita. Click on shaded area on map for more Information about the country.
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Richest Countries in the World based on Purchasing Power Parity Of GDP Per Capita
GDP per capita (PPP) 2015
United Arab Emirates
Hong Kong SAR
Taiwan Province of China
Trinidad and Tobago
Antigua and Barbuda
St. Kitts and Nevis
Islamic Republic of Iran
St. Vincent and the Grenadines
Bosnia and Herzegovina
Republic of Congo
São Tomé and Príncipe
Papua New Guinea
Democratic Republic of the Congo
Central African Republic
Top Ten Richest Countries in the World
As a Sovereign country located in Southwest Asia, Qatar is a high income economy and a developed country. It has the world's third largest natural gas reserves and oil reserves.
Luxembourg has its GDP as one of the lowest in the world and the lowest in Eurozone. With a lesser spending on military, the country invests in banking, transportation etc.
Singapore boasts of being a technology, manufacturing and finance hub. In terms of relative cost of living and inflation rates, the country has fared quite well.
Brunei Darussalam's economy is a mixture of foreign and domestic entrepreneurship, welfare measures and government regulation. It is the third largest oil producer in Southeast Asia.
With a relatively open economy, Kuwait has nearly 10% of the world's oil reserves. It has a well-developed banking system and is also Arab world's largest foreign investor.
Norway operates its own armed forces inside Nato and also has its own policy on the Iraq war. As a real nation, it makes its own laws and sets its own interest rates.
United Arab Emirates has a total land area that can easily fit within the New York State. It is the second largest economy in the Arab world after Saudi Arabia.
As an enclaved microstate surrounded by Italy, San Marino claims to be the oldest surviving sovereign state and constitutional republic in the world.
Factors such as a seamless political system and culture of high work ethics have made Switzerland one of the richest countries in the world.
Hong Kong is world's leading international financial centres with a service-oriented economy. Its economic strengths include rigorous anti-corruption measures, foreign exchange reserves and close ties with the mainland China.
Richest Countries in the World 2012
Richest Countries in the World 2006
This map shows the top ten richest countries in the world calculated as per their Gross Domestic Product (GDP) divided by the mid-year or average population of each country in that year, to arrive at the GDP at Purchasing Power Parity per capita (PPP) for the 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. This list of the top ten richest countries in the world is based on the International Monetary Fund's World Economic Outlook Database October 2015, which uses the GDP per capita of each country, adjusted for cost of living and inflation rates of different countries. Smaller nations such as Qatar and Luxembourg therefore, head the list.
Qatar tops the list of the 10 richest countries in the world because of its record-breaking GDP per capita, which is $1,33,039.60 The country has a well evolved oil exploration industry and is considered the mainstay of Qatar's economy. It is striking to note that the petroleum industry contributes over 62% towards the government revenue, approximately 92% towards export earnings, and over 60% towards GDP. Qatar is also one of the nations that has invested hugely in British property and firms.
#2 Luxembourg - $1,00,778 GDP (PPP) per capita
Luxembourg with just half a million population ranks number second in the list and has per capita GDP of $1,00,778.53, which is multiple times of the world average. The cornerstone of this powerful economy is its exuberant financial sector (with bank holdings almost 20 times of its GDP size), ever increasing and diversified industries to include – steel, rubber, chemicals, etc. and its judicious fiscal policies. Its proximity with Belgium, France, and Germany is also a crucial factor for the prosperity and economic growth of the nation.
#3 Singapore - $84,900 GDP (PPP) per capita
Singapore, officially known as the Republic of Singapore, is the tiny and self-governing city-state of Southeast Asia. Ranked as the third richest country in the world, it has per capita GDP of $84,900 and is one of the world's leading centers for commerce. The foundation of Singapore's wealth is its service sector for finance (the fourth largest financial center), its liberal economic ground that promotes innovation and growth, and its export industry for chemicals. Moreover, the country has the world's second busiest port that exported $414 billion of commodities in the year 2011. In 2014, it handled 33.9 million 20-foot containers.
#4 Brunei Darussalam - $78,475 GDP (PPP) per capita
The world's fourth richest country, Brunei, has extraordinary wealth owing to its extensive natural gas and oil reserves. The per capita GDP is $78,475 and the data indicates that both oil and gas reserves contribute more than 70% towards the nation's economy and around 90% of exports in terms of revenue. Moreover, the country seeks to encourage more and more investment, becoming self-sufficient in food sector, and observing high standards of administration in both private and public sectors.
#5 Kuwait - $70,258 GDP (PPP) per capita
Kuwait - Fifth Richest Country in the World is a small but a wealthy economy. The country's crude oil reserves, which are about 102 billion barrels, form more than 6% of the world reserves. The per capita GDP is $70,258. Oil sector dominates the economy. Petroleum accounts for over half of the GDP of the country, 89% of the government income and 94% of export revenues. The Kuwait oil exports are oil products, chemical fertilizers, crude oil, liquefied petroleum gas, salt and chlorine.
#6 Norway - $67,671.36 GDP (PPP) per capita
Norway or the Kingdom of Norway has the world's sixth highest per capita GDP $67,671.36 – allowing its five million population to reap the profit of its strong economy. Having large-scale reserves of natural gas, petroleum, minerals, seafood, and fresh water, Norway is the third biggest exporter of natural gas, and seventh largest oil exporter.
#7 United Arab Emirates - $66,996.66 GDP (PPP) per capita
UAE is a prosperous nation. It is an open economy and has a high per capita income. The per capita GDP of UAE is $66,996.66. The small nation has 10% of the world's total supply of oil reserves and the world's fifth largest natural gas reserves. Oil, which is the mainstay of the UAE economy, accounts for around 30% of the country's GDP.
#8 San Marino - $62,119 GDP (PPP) per capita
Holding the eighth position on my list of Top 10 Richest Countries is San Marino. With a per capita GDP of $62,119, San Marino's economy is mainly focused around industries including banking, electronics, tiles, paints, ceramics, furniture and sprites/wines. Other items sold by San Marino include collectible postage stamps and philatelists. While the traditional economic activities in San Marino comprised of food crops, stone quarrying and sheep farming, the contemporary activities are focusing on vines, grain, animal husbandry (cattle and swine) and orchards. All in all, the manufacturing and financial sectors account for more than half of San Marino's GDP.
#9 Switzerland - $58,598 GDP (PPP) per capita
Switzerland is among those nations that has the world's most stable economy with per capita GDP of $58,598. The keys to the nation's economic livelihood include Swiss banking and financial institutions, highly evolved service sectors, dexterous labor force, and manufacturing industries based on high technology. Moreover, Switzerland has access to extraordinary capital to use for investment motives as world's wealthiest people and companies hold Swiss Bank accounts. Also, the nation's most popular cities – Geneva and Zurich – have repeatedly appeared in the top ten list of highest living standard cities in the world.
#10 Hong Kong SAR - $56,689 GDP (PPP) per capita
A free market economy and one of the world's leading financial centers, the per capita GDP of Hong Kong is $56,689. As per the Index of Economic Freedom, Hong Kong has had the highest degree of economic freedom in the world. Close ties to mainland China, virtually no public debt, a sound banking system and a huge amount of foreign exchange reserves are some of the positive points of the economy of Hong Kong.
Gross Domestic Product (GDP) is the total market value of all goods and services produced in a country in a given time period. In the rankings of the World's Top 10 Richest Countries based on GDP (PPP) per capita for the year, Qatar is placed first, with Luxembourg placed second. Qatar is an oil rich country in the Middle East with an abundance of natural resources, such as natural gas.
Luxembourg is one of the smallest countries in the world, located in north-western Europe, whose population enjoys a high standard of living. It is also a favorite destination among European countries for political activities, thanks to its central location not far from EU headquarters. Once bolstered by the iron and steel industry, Luxembourg's economy is working to maintain its momentum by providing international banking and financial services. Among the countries on the list, six are in Asia (Qatar, Singapore, Brunei, Kuwait, UAE, and Hong Kong), three are from Europe (Luxembourg, Norway, and Switzerland), and one is from North America (USA). International financial services, tourism, petroleum and natural gas exports, electronic goods manufacturing, facilitating international trade (as in the case of Singapore) and a flourishing service sector are the keystones behind the economic success of these nations which has led to their topping the table of the richest countries in the world.
Gross domestic product From 2012 to 2015 (in USD)
$18.125 trillion(Nominal and PPP)
$11.384 trillion(Nominal) $19.510 trillion(PPP)
$4.210 trillion(Nominal) $4.70 trillion(PPP)
€ 3.573 trillion(Nominal) € 3.698,63 trillion(PPP)- Both 2016 estimate