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Top 10 Richest Countries in The World

The document lists the top 10 richest countries in the world based on GDP per capita according to the IMF and CIA. Qatar ranks as the richest with a GDP per capita of $129,360, followed by Macao at $125,170 and Luxembourg at $112,710. The top 10 includes several small countries with oil-based economies as well as larger developed nations like Ireland, Singapore, and Hong Kong that have knowledge-based or mixed economies.

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47 views3 pages

Top 10 Richest Countries in The World

The document lists the top 10 richest countries in the world based on GDP per capita according to the IMF and CIA. Qatar ranks as the richest with a GDP per capita of $129,360, followed by Macao at $125,170 and Luxembourg at $112,710. The top 10 includes several small countries with oil-based economies as well as larger developed nations like Ireland, Singapore, and Hong Kong that have knowledge-based or mixed economies.

Uploaded by

Alex Dioquino
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Top 10 Richest Countries in the World

SHAKEEL ANWAR MAR 7, 2019 18:33 IST


The Gross Domestic Product (GDP) is one of the economic indicators that provide valuable
information about the economy. It is the monetary value of all the finished goods and services
produced within a country's borders in a specific time period. In this article, we are giving the
name of top 10 list of Richest Countries in the World on the basis of report given by the
International Monetary Fund assessments and US Central Intelligence Agency's list of countries
by GDP (PPP).
It identifies the wealth of a specific country. It is a measure of consumer spending (C) plus
business investment (I) and government spending (G) as well as its net exports, which is exports
minus imports (X-M).

Top 10 Richest Countries in the World


The top 10 list of the Richest Countries in the World is drafted on the basis of latest report given
by the International Monetary Fund assessments and US Central Intelligence Agency's lists of
countries by GDP (PPP) are discussed below:

10. Hong Kong


GDP per capita ($): 63, 350
It is an Administrative Region of the People's Republic of China which
is located on the eastern side of the Pearl River estuary in southern
China. It has consistently ranked at the top of the Heritage Foundation's index of economic
freedom since 1995, but the region suffers from a relatively high level of income disparity.

9. UAE
GDP per capita ($): 69, 900
It is located at the southeast end of the Arabian Peninsula on the Persian
Gulf, bordering Oman to the east and Saudi Arabia to the south, as well
as sharing maritime borders with Qatar to the west and Iran to the north. It has the second largest
economy in the GCC (after Saudi Arabia) and ranked as the 26th best nation in the world for doing
business based on its economy and regulatory environment, ranked by the Doing Business 2017
Report published by the World Bank Group.
8. Kuwait
GDP per capita ($): 71,930
It is located in the Western part of Asia and shares borders with Iraq
and Saudi Arabia. It has a high-income economy backed by the
world's sixth largest oil reserves.

7. Norway
GDP per capita ($): 72,190
It is a Nordic country which is located in the North-western part of
Europe. It has one of the highest GDP per-capita among European
countries. The economy of this country has a mixed economy which
is embedded by a prosperous capitalist welfare state and social
democracy country featuring a combination of free market activity and large state ownership in
certain key sectors.

6. Ireland
GDP per capita ($): 75,790
It is an island in the North Atlantic which is separated from Great
Britain to its east by the North Channel, the Irish Sea, and St
George's Channel. It is the second-largest island of the British
Isles, the third-largest in Europe, and the twentieth-largest on Earth. It has a knowledge economy,
focused on services into high-tech, life sciences and financial services industries. Ireland is an
open economy (6th on the Index of Economic Freedom), and ranks first for high-value foreign
direct investment (FDI) flows

5. Brunei Darussalam
GDP per capita ($): 77,700
It is located on the north coast of the island of Borneo in Southeast
Asia. It is also known as Nation of Brunei, the Abode of Peace. It
has wealthy economy which is a mixture of foreign and domestic entrepreneurship, government
regulation, welfare measures, and village tradition.
4. Singapore
GDP per capita ($): 93,680
It is a sovereign city-state and island country in Southeast Asia. It is
also a global hub for education, entertainment, finance, healthcare,
human capital, innovation, logistics, manufacturing, technology, tourism, trade, and transport.

3. Luxembourg
GDP per capita ($):112,710
It is located in the western part of Europe and shares its border
with Belgium, Germany and France. It has stable and high-income
market economy features moderate growth, low inflation, and a high level of innovation

2. Macao
GDP per capita ($): 125,170
It is an autonomous territory on the western side of the Pearl River
estuary in East Asia. Its economy is based largely on tourism and
Other chief economic activities are export-geared textile and garment manufacturing, banking and
other financial services.

1. Qatar
GDP per capita ($): 129,360
It is located in the Western Asia which is neighbouring the Gulf
Cooperation Council (GCC) monarchy Saudi Arabia to the south,
with the rest of its territory surrounded by the Persian Gulf. Its economy is based on the export of
petroleum and liquefied petroleum gas.

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