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Top 10 richest countries in the world


The world is made up over 100 countries scattered allover the continent and different economic activities and natural and human resources.

Below are the top 10 Richest Countries

based on Gross domestic product (GDP) based on purchasing-power-parity (PPP) per capital

1. Qatar

Qatar is one of the most prominent Arab countries with its capital in Doha. Qatar is one of the fast rising countries in the world today. It is one of the prominent oil producing countries in the world today. According to world atlas fact book Qatar has had the highest GDP per capital in the world since 2014. Based on Purchasing Power Parity of GDP per capital Qatar is the richest country in the world with GDP of $140,649

2. Luxembourg

Luxembourg is located in western European sorrounded by Belgium, France and Germany. Its culture, people and

languages are highly intertwined with its neighbors, making it essentially a mixture of French and Germanic cultures. Luxembourg houses European Court of Justice, European Court of Auditors, the Statistical Office of the European Communities (“Eurostat “) and other vital EU organs. Luxembourg has a high steady and stable economy with low inflation with 6.1% unemployment rate in 2012. Luxembourg is the second richest with GPD based on PPP of $1,00,778.53

3. Singapore

Singapore is the world’s only Island City, Located in the Asian part of the world. Singapore gained her independence from United Kingdom in 31 August 1963. Singapore is known to be one of the easiest place for business transaction in the world. Singapore was once referred to as one of Asian Tigers but has suppressed his peers in terms of GDP per capital. Singapore is the third richest country in the world with a GDP of $84,900.80

4. Brunei Darussalam

Brunei is an Island country in the South East Asia bordered by Malaya, South China sea and state of Sarawak. Brunei is an oil producing state who discovered oil as far back as 1929. Brunei is often refered to as a small country with large economy. Crude oil and natural gas accounts for 90% of the country’s GDP. Brunei is the fourth richest country in the world with GDP of $78,475.63

5. Kuwait

Kuwait is an Arab country located Western Asia along the Mesopotamian. Kuwait is one of the highest oil producing states in the world after its oil reserve was discovered in 1939. Crude oil accounts for more than half of Kuwait’s GDP and 94% of her export revenues and government income. Kuwait is the fifth richest in the world with GDP of $70,258.72

6. Norway

Norway is a Scandinavian country with mountains, glaciers and deep coastal fjords. Oslo is the capital city. The country is bordered with Sweden, Finland and Russia. Norway has the second largest economy in Europe, taking after Luxembourg. Norway is the richest country in the world in terms of monetary value having the highest monetary reserve in the whole world. Norway is the 6th richest country interms of GDP with GDP of $67,671.36

7. United Arab Emirates

UAE is an Arabian country formed from 7 sheikdoms. It has its capital in Dubai. UAE is a site for ultra modern facilities and skyscrapers, shopping and extravagant attraction. UAE since after gaining independence have had a remarkable increase in the countries economy by 231 times as at 2012. UAE is ranked as the 31st best nation in the world for doing business based on its economy and

regulatory environment, ranked by the Doing Business in the 2016 report published by the World Bank Group. UAE is the 7th richest country in the world with GDP of $66,996.66

8. San Marino

San Marino is a mountainous microstate surrounded by Italy. It is one of the oldest republics in the world. San Marino has the first elected communist leader in the world. San Marino though not a member of EU is allowed to use Euros as her currency. Her main agricultural products are wine and cheese. San Marino is the 8th richest country in the world with a GDP of $62,119.79

9. Switzerland

Switzerland is located in European part of Of the world with no capital city but has Zurich as its largest city. Switzerland is a location for ski resort and hiking trail. Switzerland has a high tech, stable and prosperous economy. In 2011 Switzerland was ranked the richest country in the world in both financial and non financial assets. Switzerland is the 9th richest country in the world with a GDP of $58,598.33

10. Hong Kong SAR

Hong Kong Special Administrative Region is an autonomous territory located in South China. Hong Kong maintains a different political system from China. Hong Kong is renowned for its deep natural harbour, which provides international cargo ships ready access, and its skyline , with a very high density of skyscrapers. Hong Kong SAR is the 10th richest country in the world with GDP of $56,689.15.

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