How do you measure a country’s wealth? You could look at its gross domestic product or GDP, which shows how much money there is in the country but doesn’t consider the population. More accurate would be looking at the GDP per capita, but a country with a high GDP per capita might have such a high cost of living that its people aren’t that rich.
The Richest Country In The World 2018 using this measure and data from the International Monetary Fund, we present the ten richest countries globally.
The top richest countries list has some fascinating contenders, which shows that you don’t have to be a big and mighty country to rake in the moolah. Or maybe, that’s precisely why they can stay rich.
Here are 10 of the richest countries in the world as calculated by GDP per capita
10. San Marino
San Marino’s GDP (PPP) per capita is $61,890. The country’s resources are mostly tourism, banking, textiles, wine, and pottery. San Marino also collects collectible coins and stamps.
Switzerland has a GDP (PPP) per capita of $62,690. Services such as banking, tourism, and insurance are major contributors to the country’s GDP. Still, exports such as watches, precision instruments, and medications are a major source of income for the country.
8. the United Arab Emirates
The United Arab Emirates has an economy with a high GDP/PPP per capita of $69,900. In contrast, petroleum and petrochemical industries depend on the country’s economy and tourism and construction.
Kuwait’s GDP (PPP) per capita is $71,930, one of the highest in the world. Kuwait’s wealth mainly comes from petroleum, but it has thriving financial and food industries.
Norway’s GDP per person stands at $72,190. The Norwegian economy is strongly influenced by its natural resources, with petroleum and natural gas, timber, fishing and mining among its most important industries.
Ireland’s GDP (PPP) per capita is $75,790. Distilling and brewing are two of the most significant sectors of the Irish economy, but the country also benefits from robust pharmaceutical, financial, and technology sectors.
The GDP per capita of Brunei is more than $77,700, which is second in the world among the richest leaders. The country’s economy is based mainly on oil and gas.
Singapore has a GDP(PPP) per capita of $93,680. Financial services dominate the city state s economy, and many multinational corporations operate from their offices here.
Luxembourg’s GDP (PPP) per capita stands at $112,710. Banking, tech, and industry are among the leading economic sectors here.
Qatar’s GDP (PPP) per capita is $129,360, making it the richest nation globally. Qatar is also home to one of the world’s richest royals. Oil, gas, and petrochemical products comprise the primary source of revenue for the country, followed by tourism.