Hi readers Top Ten Wealthiest Countries Around The Globe is totally based on economically based blog. In this blog we tell you how these countries become so wealthiest countries in comparison with others.
Let see Top Ten Wealthiest Countries Around The Globe. There are two standard methods of defining the richest countries in the world. One takes into account the economies that are the largest, as measured by total gross domestic product (GDP).
We would like to give you a overview of Top Ten Wealthiest Countries Around The Globe
Saudi Arabia(per capita income:$56000):
Saudi Arabia has an oil-based economy with strong government control over major economic activities. The Saudi economy is the largest in the Arab world. Top Ten Wealthiest Countries Around The Globe.Each city will be developed around at least one globally competitive cluster or industry. Each city will be developed by the private sector and will therefore generate major private investment opportunities in infrastructure, real estate and industry. Its GDP/capita USD 310 bn.
Switzerland(per capita income:$56000):
The economy of Switzerland is one of the world’s most stable economies. Its policy of long-term monetary security and political stability has made Switzerland a safe haven for investors. Switzerland today ranks as one of the richest countries in the world. Its per capita income of USD $56000. In general, it is the case that countries with strong economies tend to have a smaller income gap.
United States Of America(per capita income:$57000):
Income inequality is high in the US, compared to other countries. Across countries, higher levels of income inequality are associated with less social mobility and hence lower equality of opportunities. Therefore, addressing high and rising gaps between rich and poor has gained center stage in policy debates in the US and elsewhere. Its per capita income of USD $57000. Top Ten Wealthiest Countries Around The Globe.
United Arab Emirates(per capita income:$68000):
The economy of the United Arab Emirates is the second largest in the Arab world. The United Arab Emirates has been successfully diversifying its economy. The formation of the UAE came after the discovery of huge oil reserve in Abu Dhabi in 1958. The country comprises of seven emirates- Abu Dhabi, Dubai, Sharjah, Ajman, Fujairah, Umm AI Quwain and Ras AI Khaimah. Abu Dhabi is the capital of the UAE, and is by far the largest emirate, occupying over 80% of the country. The UAE is considered the second richest Arab country with almost 10% of the world’s proven oil reserves and the fourth largest natural gas reserves.
Norway(per capita income:$68000):
The economy of Norway is a developed mixed economy with state ownership in strategic areas. Norway’s modern manufacturing and welfare system rely on financial reserved produced by exploitation of natural resources. Norway is situated in the most northern part of Europe and borders to fellow Nordic countries Sweden and Finland, as well as Russia. It is a constitutional monarchy. Norway is one of the richest countries in the world; it is highly developed and continually comes out high in standard of living rankings.
Kuwait(per capita income:$72000):
Kuwait is a small, petroleum-based economy. The Kuwaiti dinar is the highest-valued unit of currency in the world. One of the most developed countries in the region. Kuwait, one of the richest Arab nations is a constitutional monarchy ruled by the al-Sabah dynasty.
Brunei(per capita income:$80000):
Brunei is a country with a small wealthy economy that is a mixture of foreign and domestic entrepreneurship government regulation and welfare measures and village tradition.With abundant natural resources and a small population Brunei Darussalam has one of the highest levels of GDP per capita in Southeast Asia.
Singapore(per capita income:$85000):
Singapore is a democratic state that has been ruled by only one party. Singapore is one of Asia’s great success stories, transforming itself from a developing country to a modern industrial economy in one generation. Singapore is today ranked among the world’s strongest and most competitive economies. The Economic Development Board (EDB) has played a key role in developing Singapore’s economy, creating wealth and jobs for the population
Luxembourg(per capita income:$95000):
The economy of Luxembourg is largely dependent on the banking, steel, and industrial sectors. Luxembourgers enjoy the second highest per capita gross domestic product in the world, behind Qatar. Luxembourg currently boasts one of the highest standards of living in the world.
Qatar(per capita income:$146000):
Qatar became the wealthiest nation on earth in 2010 after it steadily pushed up its way on the global rich list, aided by its massive gas wealth. The small European state of Luxembourg was the second richest while Kuwait and the UAE followed Qatar as the wealthiest countries in the Arab region.
This is the list of Top Ten Wealthiest Countries Around The Globe, hope you enjoy to read this article.
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