Top 15 Richest Country in the World
These top fifteen articles are all about the top 15 richest country in the world. These ranking are based on high standard of living, low unemployment rate, welfare and social program.These are some of the traits of a modern and industrialized country. But which countries provide the most for its population? The following are the 15 richest countries in the world.
Now for this top fifteen article, we are showcasing some of the most richest country in the World. Have some time to read and checkout the 15 listed richest country below. Have fun reading and enjoy!
Now for this top fifteen article, we are showcasing some of the most richest country in the World. Have some time to read and checkout the 15 listed richest country below. Have fun reading and enjoy!
Top 15: Sweden
Information: Sweden is also dependent on foreign trade, with iron ore, timber and hydro-power constituting most of its resources. With per-capital income of 40,705 and a broad welfare system, its economy is further complemented by modern technology and highly skilled labor.
Top 14: Ireland
Information: Ireland is a modern country dependent on trade, Irish per-capital income is $40,838. Agriculture used to be a mainstay in its economy, though it has now been overtaken by the export sector, specifically in industry and services.
Top 13: Australia
Information: Australia is a country rich with natural resources, like coal, iron ore, gold, uranium and natural gas. Australia is a leading exporter of food and energy products. Its per-capital income is $40,847.
Top 12: Austria
Information: Austria’s economy is consistently boosted by its service and industrialized sectors. It also has a smaller, albeit highly-advanced, agricultural sector. Per-capital income is at $41,556.
Top 11: Kuwait
Information: The one word that best epitomizes Kuwait is the Oil. With petroleum making up 95% of its exports and government income, it’s no surprise that the country has a high per-capital income of $41,701.
Top 10: Netherlands
Information: Netherlands is known for its stable industrial relations, it has a per-capital income of $42,023. Income is generally derived from food processing and petroleum refining. The country also has an automated agriculture sector that consistently produces huge export numbers, allowing it to post significant trade surpluses.
Top 9: San Marino
Information: San Marino’s tourism and banking sectors have accounted for its economy’s success with per-capital income of $43,090. It faces a challenge, however, because of pressure from the international community for the country to improve the transparency of its banking industry. Foreign companies are keen on setting up shop here because of its low tax rates.
Top 8: Switzerland
Information: Rich, peaceful and perpetually neutral, Switzerland has a modern economy with a learned labor force with per-capital income of $44,452. Its banks are acclaimed the world over. Along with low taxes, efficient markets, predictable rules and modern infrastructure, these characteristics have allowed Switzerland’s economy to continuously progress.
Top 7: United Arab Emirates
Information: United Arab Emirates is another oil-rich Middle Eastern country with per-capital income of $47,729. The discovery of its oil fields has radically transformed the United Arab Emirate from its poverty-ridden population three decades ago. Its free trade economic zones feature international conglomerates attracted by United Arab Emirate’s zero-tax policy even for companies that are completely foreign-owned. This has helped boost private sector employment, an important element in the government’s drive to diversify the economy.
Top 6: United States
Information:United States probably the most powerful economy in the world it has always taken the lead in advances in technology, armaments and aerospace sectors. Per-capital income is at $48,328, though does not come with the same welfare packages as other advanced countries. They take pride instead in its market-oriented economy in which the private sector decides practically everything with minimal intervention from the government.
Top 5: Brunei
Information: Brunei makes good use of its substantial crude oil and natural gas reserves. Citizens are entitled to free medical services and education up to the tertiary level. Housing is also subsidized. To further boost its income, the government has also taken advantage of investment opportunities abroad. Brunei has per-capital income of $49,536.
Top 4: Norway
Information: Norway is blessed with abundant natural resources, from oil and hydro power to minerals and forests. Aside from providing its people with per-capital income of $53,396, an extensive social welfare net is also in place. It is one of the largest exporters of oil and gas in the world, with revenues from the petroleum industry accounting for a fifth of the government’s revenue.
Top 3: Singapore
Information: The financial and technological hub of Southeast Asia, Singapore has translated its highly advanced economy featuring per-capital income of $59,710 to the third strongest economy in the world. It relies mostly on the exports of electronic and technology products and pharmaceuticals, as well as on a solid financial sector.
Top 2: Luxembourg
Information: Minimal inflation, low unemployment and general stability have led to solid growth for this small European country. They have a robust industrial sector featuring steel, chemicals and rubber. Luxembourg is also known for its financial services sector that accounts for nearly a third of its economy. Their reputation as a tax haven has taken a hit, however, because of pressure from the European Union. Still, with per-capital income of $80,559, the country’s economy is the envy of most of Europe.
Top 1: Qatar
Information: This oil-rich country tops the list with a per-capital income of $98,948. They have the third largest natural gas reserves, with the proven amount more than enough to allow them to produce the same number of barrels for the next 50 years. More than half of its GDP comes from oil, including almost 85% of exports and 70% of government income.
Thanks for reading this article guys. And do not forget to share this article in your friends on Facebook, Google+ and Twitter. Thank you!
Please be noted that the top 15 that we are including here in our blog are all unofficial rankings unless otherwise noted. Most of the top fifteen lists are based on Google search results and collected mainly from different blogs and websites around the internet world.
Post a Comment