Top 5 Richest Countries/Territories In The World. Talking about the richest country in the world, there are lots of popular countries that will come to your mind. But research has proven otherwise,
Below are the 10 richest countries in the world.
Qatar is an Arab country that is made up of desert and long Persian(ARAB)Gulf shoreline of beaches and dunes. Qatar country is a high-income economy, attributing its success to oil and gas, despite the declaration In economic growth in the past few years. Qatar is also made up of 55 percent of the country’s GDP that means that they have the highest GDP per capita in the world approximately $124,930 per person. Qatar is currently the richest country in the world.
- LUXEMBOURG :
This is the second richest country in the world, located in the western part of Europe and also shares its border with Belgium, Germany, and France. The country is said to be the richest country in the European Union, per-capital, and its citizens are said to have a high standard of living.
Its large private banking and its finance sector is the biggest contributor to its economy, it is the world’s largest investment fund center, making it the second richest country in the world.
Singapore is a sovereign island city-state in maritime Southeast Asia. Its economy is driven by exports in electronics manufacturing and machinery, financial services, tourism, and finally the world’s busiest cargo seaport. Singapore is the 3rd richest country in the world because it has no foreign debt, it has high government revenue and consistent positive surplus making it’s economy a very stable one.
- BRUNEI :
The country is famous for its gorgeous mosques and Islamic architecture. The country is supported by exports of crude oil and natural gas, and also with its revenues from the petroleum sector which accounts for over half of GDP.
The country is also enriched by foreign and domestic entrepreneurship, government regulation, and welfare measures. Its GDP per capita is $76.740
This country remains the second-largest island of the British Isles, their largest factor when it comes to being wealthy is their low corporate tax, this particular low tax has made some big companies to move into Dublin. Ireland country is the 5th wealthiest country in the world because of the low cooperate tax making its GDP growth one of the fastest for the EU for the past two decades.