We have already seen the richest people and richest companies in the world. Today we are here to present the top 9 richest countries in the world. Maybe you know or not, just check out if you are correct. The data have been represented on the basis of the Fortune wealthiest countries list. So carry on down to find out which is the richest country of all.
Of course, how do we know the wealth of any country, from its GDP rate? Today, every country wants that they overtake another country. And all this is possible only if that country will earn in billions and trillions. The more the revenues are, the more the country will progress. Today we will discuss the richest nation in the world.
Swiss banking and monetary foundations keep this nation and its economy above water. Note that a portion of the wealthiest individuals and organizations on the earth possess account in the Swiss financial institution and hence Switzerland has abundance money to use for venture purposes. In 2015 the central bank had lost amount $52 billions.
8.The United Arab Emirates
One of the richest countries in the world. According to IMF the economy growth pushed by oil market. Although, the declining price of oil leads the graph of growth down of the UAE (United Arab Emirates) in the year 2016. The overall population of the UAE is over 10 millions or more than that.
Kuwait is a relatively small country and its people enjoy per capita of $69,670. It holds a population more than 4 million. With almost 10% of oil reserves, petroleum about a portion of GDP and 95% of fare incomes and government pay.
Although, this country affected by the declining the oil prices from the past few years. Whereas, there was also decreased at the rate of the growth in the 2008 and 2009 economic downturn. Still, Norway is successful in maintaining position in the top ten.
The base of good earning is from textiles, food production, and mining. This helps it to maintain its position in the top 5 richest countries in the world. Ireland stands out of-of the highest growth rate in Europe.
This small country has maintained its GDP and still, it is there in the top 10 list of wealthy countries. This country is a blend of foreign and native Entrepreneurs, Welfare Measures, Government Regulation and Village Traditions. Some 90% Brunei’s income is from gas and oil.
Positioned at third by Fortune has GDP over $87,856 with a population of 5.6 million. Singapore has the second busiest port in the world, trading billions of commodities. Because of its financial service sector, chemical export industry and its liberal policies persuade the innovation growth of the country to top.
Luxembourg is the second richest country in the world list. The foundation of this nation is its monetary segment, dynamic ventures, steel division, and judicious fiscal policies. Saving money area the most grounded in the economy of Luxembourg with resources over $1.24 million alone. The fascinating thing is that its GDP is the nine times the average world GDPs.
As indicated by the IMF (International Monetary Fund), Qatar is one of the richest countries on the planet. Positioned at the best with GDP rate $124,930 making it a rich nation in the realm of 2017. The nation in the Middle East, Qatar holds populace around 2.27 million. It has all around created oil investigation. Because of its riches and monetary achievement, this country has been picked as the host for FIFA world cup 2022. The first ever Arab country to hold this part.
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