Top 10 Richest Countries In The World

Many countries want to reach in the Top 10 list of richest countries in the world but fail to do this because of various reasons – one of which is the economy. Economy decides the place your country holds on this list. The stronger the economy, the stronger the country is and the richer the country is in the world.

The following are the 10 richest countries in the world, calculated by per capita GDP (purchasing power parity). Use the Purchasing Power Parity (PPP) value of all final items to show the true value of the US dollar in a given country for a given year. Oil countries dominate this list, and some may be surprises. According to the International Monetary Fund, all data in this article are taken from the latest 2017 data.

01 – Qatar

Qatar

  • GNI per capita: $128,060
  • 2017 GDP: $338.82 billion (49th out of 185 countries)
  • Life expectancy at birth in 2016: 78.2 years
  •  Population (2017): 2.74 million

This small Middle East country is often listed as one of the richest countries in the world. According to the International Monetary Fund, Qatar has a population of about 2.27 million as of 2017, and its per capita GDP is about $124,930, making it the richest country in the world. Despite the low price of hydrocarbons, the country is still growing and hydrocarbons are the main source of income for Qatar for fuel. Qatar’s GDP growth is expected to continue into 2017.

02 – Singapore

Singapore

  • GNI per capita: $90,570
  • 2017 GDP: $527.02 billion (38th out of 185 countries)
  • Life expectancy at birth in 2016: 82.8 years
  • Population (2017): 5.61 million

This miraculous country has recently risen from fifth place in per capita GDP to third place. Its per capita GDP (purchasing power parity) is about US$84,821, which is basically five times the per capita income of ordinary citizens in the world. The main reasons for Singapore’s wealth are its chemical export industry, financial services industry and free economic policies that encourage growth and innovation. Singapore is also the second busiest port in the world, exporting more than $400 billion annually.

03 – Brunei DarussalamBrunei Darussalam

  • GNI per capita: $83,760
  • 2017 GDP: $33.80 billion (123rd out of 185 countries)
  • Life expectancy at birth in 2016: 77.2 years
  • Population (2016): 430,000

According to the International Monetary Fund, although the GDP growth rate of Brunei fell in 2016, the country actually performed better than expected. This affluent country is made up of more than 400,000 people. Although it is Brunei’s main export product, it has successfully adapted to the downturn in the oil market. Nearly 90% of Brunei’s revenue comes from oil and gas, and 2014 is the latest data from the International Monetary Fund.

04 – KuwaitKuwait

  • GNI per capita: $83,310
  • 2017 GDP: $297.59 billion (55th out of 185 countries)
  • Life expectancy at birth in 2016: 74.7 years
  • Population (2016): 4.41 million

Kuwait is a country with a population of more than 4 million due to the growth of Kuwait in the non-oil sector, contrary to the slowdown in growth of other oil-driven economies in 2016, as oil prices and production declined. . The International Monetary Fund said it expects non-oil growth to continue to grow.

05 – United Arab EmiratesUnited Arab Emirates

  • GNI per capita: $74,410
  • 2017 GDP: $694.47 billion (31st out of 185 countries)
  • Life expectancy at birth in 2016: 77.3 years
  • Population (2005): 10.14 million

Also known as the United Arab Emirates, this Middle Eastern country has a population of over 9 million and a per capita GDP of $67,202. With more than 32,278 square miles of land, the UAE can easily adapt to New York State (54,556 square miles), but its population is slightly larger than New Jersey, which means that even if the country has a smaller national population, their average income. And more production value. A third of the $67,674 per capita comes from the services sector, oil revenues and telecommunications.

06 – LuxembourgLuxembourg

  • GNI per capita: $72,690
  • 2017 GDP: $62.19 billion (102nd out of 185 countries)
  • Life expectancy at birth in 2016: 82.3 years
  • Population (2017): 0.59 million

With a population of nearly 600,000, Luxembourg is the second richest country in the world. The country has a strong workforce and its growth in 2016 exceeded the overall growth of the EU. However, the International Monetary Fund pointed out that changing the pattern of Brexit and the changes in US policy may cause market instability.

07 – SwitzerlandSwitzerland

  • GNI per capita: $65,610
  • 2017 GDP: $547.85 billion (36th out of 185 countries)
  • Life expectancy at birth in 2016: 82.9 years
  • Population (2017): 8.42 million

After the central bank lost $52 billion in 2015, the country with a population of 8 million is recovering. The International Monetary Fund reported that in 2016 the growth rate of Switzerland reached 1 1/2%. The country has also been implementing policies that help promote economic recovery.

08 – Hong Kong SARHong Kong SAR

  • GNI per capita: $64,100
  • 2017 GDP: $454.89 billion (43rd out of 185 countries)
  • Life expectancy at birth in 2016: 84.2 years
  • Population (2017): 7.41 million

According to the International Monetary Fund, Hong Kong’s growth rate has slowed in 2016, but it is still one of the richest countries in the world. The International Monetary Fund said that the decline in global trade and tourism in mainland China last year led to a decline in economic growth, but it is expected that spending will lead to an increase in Hong Kong’s growth rate in 2017. The region has a population of more than 7 million.

09 – NorwayNorway

  • GNI per capita: $63,980
  • 2017 GDP: $324.40 billion (53rd out of 185 countries)
  • Life expectancy at birth in 2016: 82.5 years
  • Population (2017): 5.29 million

Scandinavian countries with more than 5 million inhabitants are located outside the top five rich countries in the world. According to data from the International Monetary Fund, the country has been negatively affected by the fall in oil prices in the past few years. Norway’s growth rate has also fallen to its lowest level since 2008 and the 2009 recession, although the country has been able to reduce its unemployment rate after peaking last summer.

10 – IrelandIreland

  • GNI per capita: $61,910
  • 2017 GDP: $364.14 billion (48th out of 185 countries)
  • Life expectancy at birth in 2016: 81.6 years
  • Population (2017): 4.83 million

Ireland is one of the countries with the highest growth rate in Europe, helping it to become one of the five richest countries in the world. The International Monetary Fund reported that Ireland’s spending, investment and construction in 2016 contributed to GDP growth.

Top 10 Richest Countries In The World

  1. Qatar
  2. Singapore
  3. Brunei Darussalam
  4. Kuwait
  5. United Arab Emirates
  6. Luxembourg
  7. Switzerland
  8. Hong Kong SAR
  9. Norway
  10. Ireland