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The Top Ten Richest Countries In The World By GDP

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1. Qatar — GDP per capita: $129,726 (£105,791)
The small Middle Eastern country often ranks as one of the richest countries in the world per capita. Qatar’s population is approximately 2.27 million, giving it a total GDP of approximately $124,930 per person and making it the richest country in world as of 2017, according to the IMF. The country has grown despite facing lower prices for hydrocarbon, a major revenue source for Qatar, which is used for fuel.

Scenes Of Qatar 2014

2. Luxembourg — GDP per capita: $101,936 (£83,128)
Luxembourg, with a population of close to 600,000 ranks as the world’s second-richest country. The country possesses a strong workforce and its 2016 growth exceeded the European Union’s overall growth. However, the IMF notes that changing a changing landscape from Brexit and policy changes coming for the U.S. can create market instability.


3. Macao — GDP per capita: $96,147 (£78,407)
Macau is an autonomous region on the south coast of China, across the Pearl River Delta from Hong Kong. A Portuguese territory until 1999, it reflects a mix of cultural influences. Its giant casinos and malls on the Cotai Strip, which joins the islands of Taipa and Coloane, have earned it the nickname, “Las Vegas of Asia.” One of its more striking landmarks is 338m-high Macau Tower, with sweeping city views.


4. Singapore — GDP per capita: $87,082 (£71,015)
Singapore remains one of the world’s richest countries and saw its real GDP grow by 2.7% year-on-year in the first quarter of 2017, the IMF reported. The city-state with a population of 5.6 million has been continuously growing since last year as the global electronics trades has rebounded. On a broader scale, IMF notes that Singapore’s economic growth has been limited mainly to its expert-oriented fields.

Singapore Skyline at Marina Bay at Twilight with glowing sunset illuminating the clouds

5. Brunei — GDP per capita: $79,710 (£65,003)
While Brunei’s GDP growth declined in 2016, the country actually faired better than expected, according to the IMF. The wealthy country, which is made up of just over 400,000 people, has seen success in adjusting to downturns in the oil market, despite it being a main export of Brunei. Nearly 90% of Brunei’s revenue came from oil and gas, in 2014 the latest figure from the IMF.

Sultan Omar Ali Saifuddin Mosque

6. Kuwait — GDP per capita: $71,263 (£58,114)
Kuwait, a country of more than 4 million people, bucked the trend of other oil-driven economies faced slower growth in 2016 because to a drop in oil prices and production, according to the IMF, largely because Kuwait saw growth in non-oil areas. And that non-oil growth is expected to continue growing, the IMF said.

Shuwaikh beach and skyline of Kuwait City, Kuwait, Middle East

7. Ireland — GDP per capita: $69,374 (£56,574)
Ireland stands as a country with one of the highest growth rates in Europe helping it round out the top five richest countries in the world. Spending, investment and construction drove GDP growth in Ireland in 2016, the IMF reports.


8. Norway — GDP per capita: $69,296 (£56,510)
The Scandinavian nation with over 5 million residents sits just outside of the top five richest countries in the world per capita. According to the IMF, the country was negatively affected by the the lower oil price over the last couple of years. Norway also saw its growth fall to its lowest since 2008 and 2009’s economic downturn, although the country was also able to lower its unemployment rate after its peak last summer.


9. United Arab Emirates — GDP per capita: $67,696 (£55,206)
The United Arab Emirates stands as one of the richest countries in the world, with an economy pushed by the oil market, according to the IMF. Lower oil prices and output led to a lack of growth for the country in 2016, according to the IMF, however, non-oil growth in the UAE, which has a population of just over 10 million, is expected to rise in 2017.


10. San Marino — GDP per capita: $64,443 (£52,553)
The country of nearly 9 million is in recovery mode as rising employment rates and domestic and external demand helped lead to a growth in San Marino’s GDP after a recession, the IMF reports.


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Engr. Okparuba Noble Chiedozie is an author in TruexBLOG. He is a graduate of Agricultural and Bio-resources Engineering, a PRO Blogger, and an entrepreneur. am also a Career soccer punter, who has been predicting matches for the past 9 years. You can connect with GURU on WHATSAPP:07061043909 GURU FACEBOOK: CLICK HERE TWITTER: CLICK HERE

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