Richest Country in the World [Top 5] | Golgappa Travel

Top 5 Richest Countries in the world

Richest-country in the world

Qatar

Qatar

GDP (PPP) per capita – $124,930

Qatar ranks first on top richest country in the world list with the population of 2.27 million giving the total GDP of approx $124,930 per person. This small middle eastern country makes itself the top richest country in the world as of 2017 according to the IMF. This one of the top 5 richest countries in the world has the well-developed oil exploration industry where the petroleum industry accounts 70% for its Govt., 85% of its export earnings and 60% for its GDP. Qatar made it at the top richest countries in the world despite facing lesser prices for the major revenue source, a hydrocarbon which is used as a fuel.

 

Luxembourg

luxembourg

GDP (PPP) per capita – $109,191

Luxembourg takes the spot as the second top richest country in the world with the per capita GDP of $109,191. Having the population close to 60,000, Luxembourg stands in the top 5 richest countries in the world possessing the strong workforce. The expansion in 2016 extended the European union’s growth overall. Its vibrant economic sector, dynamic industrial, prudent fiscal policies, and steel sectors are the backbone of its strong economy. Banking in Luxemburg is the major segment for this world’s richest countries economy having the asset base of over $1.24 trillion alone. however, the IMF notes that varying the changing landscape from Brexit and policy changes coming for the U.S can create unsteadiness in the market.

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Singapore

singapore

GDP (PPP) per capita – $90, 530  

Singapore made its place as the third top richest country in the world with GDP of $90, 530 which is five times the average per capita revenue for any other in the world. The GDP of this 3rd world’s richest country grow by 2.7% year on year in the first quarter of 2017. Remaining in the top 5 richest countries in the world list, the population of the 5.6 million has been continuously rising since the previous year, the overall electronic trades has rebounded. The chemical export industry, economic services sector, and its liberal economic policies encouraging the expansion and modernism are the basis of Singapore’s wealth.

 

Brunei

brunei

GDP (PPP) per capita – $76,740

According to IMF, the GDP growth of Brunei declined in 2016 and is one forth with GDP per capita of $76,740.  the smallest country in Southeast Asia is about utterly supported by exports of crude oil and natural gas and actually fared better than expected. With over 400,000 people in this wealthy country has seen success in adjusting to declines in the oil market, regardless of it being a major export of Brunei. As per IMF, about 90% revenue of Brunei comes from oil and gas in 2014. Brunei, one of the top richest countries in the world list, the govt. has shown growth in expanding the economy away from just oil and gas.

 

Ireland

ireland

GDP (PPP) per capita – $72,632

Stands out as Europe’s highest growth rate country, Ireland is one of the top 5 richest countries in the world with the GDP of approx $72,632. With the population of about 4.8 million in Ireland, investing and construction drove the growth of GDP, as per IMF reports.

 

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