This article shows the country wealth ranking according to GDP. What do you think of the richest country in the world? The list of European countries such as Switzerland, Luxembourg, and Norway also has Gulf countries rising in recent years.
Even the richest economy in the world is a gulf country … here is the list of richest countries and wealthiest countries in the world map …
Here are the top 10 richest countries in the world list …
10. United States of America – $57,467
The world’s ‘superpower’ The United States is at the same time one of the richest countries in the world. American companies operating in many branches such as the automobile, food, and service sectors are particularly strong in technology.
The United States of America Ranked # 10 in the richest country in the world list.
The Economy of the United States of America;
With more than 326 million inhabitants and $ 18.6 trillion in GDP, the United States is one of the world’s most important markets. Apart from being the world’s largest importer, the country is the world’s largest direct foreign capital source and a destination for both developed and developing countries. The US economy is also an important and decisive economy in the world because it has the power to influence the world economy on an individual scale.
In the US economy, which is the largest example of free market economies around the world, most of the production and services are provided and consumed by the private sector and there are no other economies where the public sector is so prevalent around the world. The service sector accounts for about 80% of GDP. Industry sector has technology-intensive production structure. The United States, which is a leader in civilian and military technology, is among the most important energy producer and consumer countries. With the widespread use of rock gassing technology, the United States began exporting crude oil and LNG for the first time in 2016.
9. Switzerland – $62,882
As for Switzerland, there are well-established banks and financial institutions, many of whom have a long history of intellectual history. Moreover, cities like Geneva and Zurich of the country are on the list in the first place on the list of high living standards. With a gross domestic product of $ 62,882, Switzerland is one of the richest countries in the world and is also a great place to stroll or ski in the unique nature of the Alps. Switzerland Ranked # 9 in the richest country in the world list.
The Economy of Switzerland;
Switzerland is one of the most stable countries in the world. The politics of the country has historically been directed at raising the quality of life of every citizen. The absence of devastating wars has become an excellent tool for building a strong and destructive economic structure. Today, Switzerland is the real banking and financial heart of Europe. The economy of the country is based on market relations and the turnover of foreign capital. Switzerland has created ideal conditions for both small and large entrepreneurs. The state does not interfere in any way with the activities of the enterprises. Production fully meets all requests from an average buyer. Successful economic relations are not only within the country but also internationally.
8. Norway – $59,302
Norwegian, a colorful country famous for its northern fjords, makes its name not only with its delicious salmon but also with its powerful economy. Country’s gross domestic product of $ 59,302 ensures that Norway is at the forefront of European and world order. Norway Ranked # 8 in richest country in the world list.
Economy of Norway;
Norway is the third highest earning country in Europe in terms of per capita income. It is also considered to be the country with the highest living standards. The Norwegian economy is based on a mixed economic model. Reflight-based free market economy and state ownership in certain sectors are carried out together. In the country health care is free. Unemployment in Norway is around 2 per cent, where maternity allowence can last up to 46 weeks. The Norwegian government has control over sectors such as oil, hydroelectric power generation, aluminum production and telecommunications. Through these sectors, 30 percent of the country’s economy is in the hands of the state. The Norwegian people refused to become members of the European Union through referendum held in 1972 and 1994. However, the country is in the European Economic Area. Many exports and imports are carried out in the countries of the European Union.
7. Ireland – $68,883
Ireland, like Norway, is in the north of Europe and has a very good economy and high standards compared to its population approaching 5 million. Ireland’s economy, which is particularly strong in the food and textile sectors, is based on information systems. Ireland ranked 7th in the richest country in the world list.
Economy of Ireland;
Information systems dominate the Irish economy. World-renowned information companies such as Facebook, Google, Twitter, Aplle and IBM have offices in Ireland. Ireland is 7th in the world in terms of income per capita. It was also identified as the country with the best quality of life in the survey conducted by The Economist magazine in 2005. Ireland, with its high growth rates between 1995-2007, is known as the Celtic Tiger. The Celtic Kaplan term is a term used for Ireland’s rapid economic growth with foreign direct investments. The Irish economy grew by an average of 9.4% between 1995 and 2000. In the 2000s, the economy grew by an average of 5.9% per annum, stagnation together. Today, however, the effects of this crisis have diminished and the Irish economy has recovered.
6. United Arab Emirates – $72,419
If you want to go up a few meters above the earth or see the enormous magnificent artificial islands and shopping centers built in the middle of the sea, you can turn your route to other popular cities in the country like Abu Dhabi, the capital of the United Arab Emirates, or Dubai. Gross domestic product rises to $ 72,419 from the world’s strong economies thanks to oil and tourism. United Arab Emirates Ranked # 6 in richest country in the world list
Economy of United Arab Emirates;
In the United Arab Emirates, annual national income is around $ 400 billion. When the number of illegal immigrants is not taken into consideration, per capita national income is 72 thousand dollars. In addition to the fact that oil revenues are very important for the country, it is another part of the infrastructure services economy. The construction industry has developed considerably in Emirates with its rapidly growing cities and the most developed cities of the Middle East.
Dubai, one of the major tourism centers in the country, is considered as the fifth holiday route in the world. Dubai, which hosts 10 million tourists in 2013, is known as the shopping mall of the Middle East. In addition to Dubai’s economic variety, other emirates are almost entirely in an economic sense, centered on oil revenues. It is emphasized by the media and various non-governmental organizations in the United Arab Emirates that the workers suffering from the hardships of immigrant workers as a country where their rights are weak are subjected to practices that reach labor exploitation conditions close to “slavery”.
5. Kuwait – $73,817
Kuwait, located on the shores of the Gulf of Basra, is one of the increasingly rich countries thanks to its oil revenues. Apart from petroleum in Kuwait, especially in recent years, the service sector and technology investments are increasing, and the country’s shores are enlightened by the sight of skyscrapers rising one after another. Kuwait ranked 5th in the richest country in the world list.
Economy of Kuwait;
Kuwait’s economy is basically based on oil exports. Oil accounts for 95 per cent of Kuwait’s exports, the fifth richest country in the world in terms of oil reserves. 80 percent of the country’s income is based on oil exports. Kuwait, the fifth richest country in the world according to gross domestic product, is the 31st country with the highest human development index. Kuwait Dinar is the most valuable currency in the world.
4. Brunei – $77,441
Thanks to foreign and domestic initiatives, the Brunei economy is among the growing countries. Brunei ranked 4th in the richest country in the world list.
Economy of Brunei;
Although it is one of the richest countries in the world, Brunei, which is in the underdeveloped country, is based on oil and natural resources alone. The importance of agricultural production, which meets 25 per cent of the country’s consumption, is steadily declining, with rice, sweet potatoes, cassava, banana, pineapple and tropical fruits being the major agricultural products. On the other hand, shrimp production and cattle growing become increasingly important.
The petroleum industry, petroleum chemistry, natural gas liquefaction plants and fertilizer production, as well as the lumber, paper and glass industry, are the main activities of the petroleum industry. Crude oil and natural gas constitute more than 9 percent of exports (rubber, lumber, leather, pepper, back). All kinds of food products, machinery, transportation vehicles and other processed goods are imported. Japan, which constitutes the largest foreign market, sells 46 percent of petroleum and 97 percent of natural gas. Malaysia, Singapore, Taiwan, USA, Great Britain, Australia, People’s Republic of China, and other major trading partners.
3. Singapore – $87,856
The rising star of the Far East Singapore, although spreading over a very small area, is one of the important economic powers of the region and the world. With its botanical gardens and parks, Singapore attracts tourists and is home to one of the world’s busiest ports. Singapore is ranked 3rd in the richest country in the world list.
Economy of Singapore;
Most of the economy in the country is mostly based on commercial. Singapore is one of four countries with the name of Asian tigers. It grew rapidly with its high growth figures in 1965 when it gained its independence. It is considered one of the most competitive, free, innovative and business-friendly countries in the world. Thanks to its competitive environment, improved infrastructure services, anti-corruption, low taxation system and many other factors, it was one of the countries that attracted the most investment. Country unemployment rate is also very low. Singapore’s leading industries include shipbuilding, oil refineries, electronics, textile, food and timber industries. Tourism is an important source of income for the country. Fishing has also provided significant income to the country’s economy, especially in recent times. In addition, the country is ranked among the world’s most expensive countries by many research companies.
2. Luxembourg – $105,882
The name Luxembourg is often referred to throughout the world as economic development and especially the banking sector. Gross domestic product reaching 105,882 dollars makes this small European country one of the richest countries in the world. Luxembourg Ranked # 2 in richest country in the world list
Economy of Luxembourg;
The per capita national income is high in the country. Luxembourg, known as the global financial center, is ranked second in the world with per capita income, and the first among the European Union countries. Due to its position as Europe’s heartland, it has a strong and high-yielding economy, opening up to Europe’s largest markets with low inflation and steady growth rates, close to countries like France and Germany. Luxembourg is also one of the leading insurance companies in Europe. Grain, grapes, potatoes are grown in the country where modern methods are used in agriculture. The major foreign trade items of the country developed by the iron and steel industry are the European Union and the United States.
There is Qatar, which is at the top of the list and is the most richest country in the world.
1. Qatar – $127,523
Qatar, which will host the FIFA World Cup to be held in 2022, is the richest country in the world with a gross domestic product of $ 127,523. Although oil revenues are at the top of Qatar’s level of development, the country has reached a much more advanced position in recent years thanks to the breakthroughs in the service sector and tourism. The most richest country in the world is Qatar and Qatar has richest economy in the world. Qatar Ranked # 1 in richest country in the world list.
Economy of Qatar;
Before the discovery of oil reserves, the Qatar economy was bound to fisheries and pearl hunting. But with the discovery of oil reserves in the 1940s, the whole economy of the country has changed. This change brought with it high living standards and social services for the citizens of big countries. The country is among the countries with the most gas reserves in the world. This major factor has brought the wealth of the citizens of the country to the top. Almost there is production of consumption material in the country. The main source of income is natural gas exports.
Richest Man in the World
Jeff Bezos, CEO of US e-commerce giant Amazon and founder of Amazon, is the wealthiest person in the world.
Jeffrey Preston Bezos is an American entrepreneur and businessman who is the founder of Amazon.com. It contributed greatly to the development of e-commerce. Amazon.com is the world’s largest and best-selling Internet sales company in its management. Due to this pioneering movement, Time Magazine selected him the Person of the Year in 1999. Apart from Amazon.com, Bezos, the founder and owner of Blue Origin, an aerospace research firm, bought The Washington Post in 2013.
Amazon was the first project born out of the idea of buying books from the internet in the early days. As time went on selling different products, it became a shopping brand. These days, the online shopping industry is the largest and sends orders to every corner of the world.