To know the richness of any country, the total wealth of a country is included; which means the property of each and every citizen of the country has been included in this list.
The property of any citizen includes the salary, the total amount of business, the amount of property he has and the property purchased in abroad by him.
The main thing we used to calculate the richness of any country is GDP (Gross Domestic Product). Gross Domestic Product (GDP) is the price value of all finished goods and services made by a country in a specific period.
This GDP is basically used to calculate the size of an economy and growth rate and it can be calculate via three ways; using expenditures of the country, production of the country, or incomes of the country.
Top Richest Countries in the world based on the GDP
Qatar is the world’s richest country as the GDP per person of this country is 128,703 dollars. This is expected to grow by 2.6% this time.
Macao is the second richest country of the world and its GDP per person is 112,490 dollar.
Luxembourg is the third richest country of the world. The GDP per person here is 110,870 and this is expected to increase by 4.3% this time.
Singapore is the fourth richest country of the world and the GDP per person here is 98,014 dollar.
Ireland is the fifth richest country of the world and the GDP per person of this country is 79,925 dollar. This is expected to grow by 4.5% this time.
Brunei is the sixth richest country of the world. The GDP per person here is 79,726 dollar. The most interesting thing about this country is that the people of this country are free from taxes.
Norway is the seventh richest country of the world and the GDP per person of this country is 74,065 dollar. It is on seventh position of oil exporting too.
UNITED ARAB EMIRATES
UAE is on eighth position in this list and the GDP per person of this country is 68,662 dollar.
Kuwait is the ninth richest country of the world. The GDP per person of this country is 66,673 dollar. It is the highest per capita income country in the world.
Hong Kong is on the tenth number of this list and the GDP per person of this country is 64,553 dollar.