Presently, there are 196 nations in the world. Some have enormous size while some with a size of a small island. You might be thinking that a country with a larger landmass means more natural resources. Ultimately, resulting in the richest nation in the world. Sadly, you are wrong, as there is an enormous diversity in the distribution of wealth in the world. In fact, people believe that USA, Canada, UK are developed countries while India, Pakistan, Nepal, Philippines are some developing countries.
We can assume that a developed country consists greater GDP, per capita income than the developing ones. For this reason, majority of the Indian citizens are searching for a high paying jobs in the US or UK. In fact, they even tend to migrate to another border for the sake of money. below is the list of richest countries in the world. Note: I have created this list considereing GDP per capita.
Arabs are the richest community in the world. Saudi Arabia is the number one exporter of oil in the world. Mainly started back in 1938 when someone discovered that Saudi Arabia has huge reserves of oil. People also calls Saudi Arabia as “The Land of Holy Mosques”. For this reason, millions of Muslim pilgrims travel every year to visit the holy Mecca. They holds an impressive per capita income of 56000 USD. Saudi in on the10th spot on our list of richest countries in the world.
Known as one of the most beautiful country in Europe. For this reason, tourism remains the primary source of income for Switzerland. The country consists the pool of foreign investment, this gives it one of the highest per capita income (56000 USD). Switzerland in on the 9th on our list of richest countries in the world.
United States of America:
Surely Britain’s greatest gift to the world. Presently, United States of America is the world’s largest economy. In fact, they consist massive GDP of 17.91 trillion USD. Furthermore, the nation is a leader in most of the industries. Its education sector stays crowded with over millions of students every year. USA holds per capita income of 57000 USD. This makes it grab the 8th spot on our list of richest countries in the world.
United Arab Emirates:
It is the second largest economy in the Arabic nations. Presently, UAE earns its revenue from its tourism and petroleum industries. This massive development came in 1971 after UAE gained its independence. Above all, UAE has a massive 1.45 trillion USD economy. Along with a per capita income of 68000 USD. UAE is on the 7th spot on our list of richest countries in the world.
Norway, world’s largest foreign wealth fund. Norway consists of huge reserves of natural resources in its land. However, tourism is primary source of income for the country. For this reason, Norway consists of high standard of living compared with other European nations. With a per capita income of 68000 USD, Norway stands at the 6th spot on our list of richest countries in the world.
Kuwait for its oil reserves among the world. They are the fourth largest oil exporter. In fact, over 95% of country’s revenue is generated by selling oil to the world. Furthermore, the country has highest value currency in the world. Along with a per capita income of 72000 USD. Kuwait is on 5 spot on our list of richest countries in the world.
A big exporter of natural gas and crude oil. Brunei generates more than half of its revenue from the petroleum exports. The country has a great per capita income of 80000 USD. Brunei is on the 4th spot on our list of richest countries in the world.
One of the richest Asian countries. Singapore, has the most open economy in the world. Presently, the country is attracting investors for the investment climate and political stability. Singapore holds a per capita income of 85000 USD. It is on 3rd spot of our list of richest countries in the world.
People often address Luxembourg as the “Green Heart of Europe” for its diversity. Surely it is one of the richest European countries. With a per capita income of 94,000 USD. Luxembourg in on the 2nd spot on our list of richest countries in the world.
Qatar consists of massive Petroleum and Natural Gas reserves. In fact, its oil industry is responsible for making more than 70% of the government revenue. Furthermore, tourism is also a huge industry in Qatar. Qatar holds a per capita income of 146000 USD. Qatar is on the 1st on our list of richest countries in the world.