Qatar ($124,927 GDP per capita), Luxembourg ($109,192 GDP per capita), Singapore ($90,531 GDP per capita) and Brunei ($76,743 GDP per capita) lead the list of the richest countries in the world.
Below are the 5 richest countries in the world by gross domestic product (purchasing power parity) per capita. The purchasing power parity value of all end products indicates the true value of the dollar in a country in a given year. Oil nations dominate the list, as do a few surprises. Let us see who are the happiest countries when it comes to wealth.
5. Ireland – $ 72,632 GDP (PPP) per capita
Emerald Isle has a per capita income of about $72,632 and a population of about 4.8 million. The most important industries that boost its economy are textiles, mining and food production – basic industries in any economy. Ireland ranks fourth in the OECD (Organisation for Economic Cooperation and Development) rankings.
4th Brunei – $ 76,743 GDP (PPP) per capita
With a per capita income (PPP) of $76,743, Brunei is the fourth richest county in the world. The tiny state in Southeast Asia has a total area of 2226 square miles and a population of 417,200 in July 2015. The rich economy of the county is supported by the oil sector. Brunei is the ninth largest producer of liquefied natural gas in the world and the third largest oil producer in Southeast Asia. The government is working to diversify the economy in order to reduce its reliance on oil revenues.
3rd Singapore – 90,531 GDP (PPP) per capita
This tiny city-state has improved from 5th to 3rd place with a per capita income (PPP) of 90,531 US dollars, five times the average per capita income of a normal city state. Human in the world. Singapore’s wealth is based on the financial services sector, a chemical export economy and a liberal economic policy that promotes growth and innovation. Singapore has the second largest port in the world and exported 414 billion US dollars in 2011 alone.
2nd Luxembourg – 109,192 GDP per capita
As a symbol of wealth, Luxembourg takes second place with a per capita GDP (PPP) of USD 109 191. That’s nine times the world average. The backbone of this strong economy is its dynamic financial sector, prudent fiscal policies and dynamic industrial and steel sectors. Banking in Luxembourg is the largest sector of its economy, with an asset base of over $1.24 trillion alone.
Qatar 1 – $ 124,927 GDP (PPP) per capita
Qatar is the richest country in the world with a per capita income of $124,927. Qatar has a well-developed oil production industry, in which the oil industry accounts for 70% of its national income, 60% of its GDP and 85% of its export earnings. Although Qatar’s gross domestic product is just under the 50 largest in the world, the relatively low population of two million leads to a high per capita GDP, in which most of the country’s inhabitants enjoy a very high standard of living.