Top 10 most wealthiest countries in the world

Ever find how much a bottle of water costs in every country across the world. A wealth of a country depends on Gross Domestic Product or GDP per capita. This article is a list of the countries of the world by gross domestic product (at purchasing power parity) per capita, i.e., the purchasing power parity (PPP) value of all final goods and services produced within a country in a given year, divided by the average (or mid-year) population for the same year. Now let’s find out which are the wealthiest nation across the world as per GDP per capita (as of 2020).

Switzerland

Switzerland is one of the wealthiest nations in the world. Its GDP per capita is about 67.6 k US dollars. Switzerland is a mountainous Central European country, home to numerous lakes, villages, and the high peaks of the Alps. Its cities contain medieval quarters, with landmarks like the capital Bern’s Zytglogge clock tower and Lucerne’s wooden chapel bridge. The country is also known for its ski resorts and hiking trails. Banking and finance are key industries, and Swiss watches and chocolate are world-renowned. Switzerland is bordered by Italy to the south, France to the west, Germany to the north, and Austria and Liechtenstein to the east. It is geographically divided among the Swiss Plateau, the Alps, and the Jura, spanning a total area of 41,285 km2 (15,940 sq mi), and a land area of 39,997 km2 (15,443 sq mi).

Kuwait

Kuwait is also one of the wealthiest countries in the world. Its GDP per capita is about 67.9 k US dollars.  The Population of Kuwait is about 42 lacs. Kuwait was a highly strategic location within ancient Mesopotamia. Kuwait lies on the delta of the Persian Gulf and has a coastal length of approximately 499 km (310 mi). Oil reserves were discovered in commercial quantities in 1938. In 1946, crude oil was exported for the first time. From 1946 to 1982, the country underwent large-scale modernization.

UAE

UAE or United Arab Emirates is famous for its economic capital city Dubai. Burj Khalifa is also a famous tourist attraction in Dubai. Power of economy UAE is one of the powerhouses across the countries.  Its GDP per capita is about 70.4 k US dollars. The UAE’s economy is the most diversified of all the members of the Gulf Cooperation Council, while its most populous city, Dubai, is a global city and international hub. The country has become less reliant on oil and gas and is economically focusing on tourism and business. The UAE government does not levy income tax, although there is a system of corporate tax in place and value-added tax at 5% was established in 2018.

Norway

Norway is a beautiful country which is situated in Europe. Its GDP per capita is about 79.4 k US dollars. It is one of the wealthiest countries in Europe. Norway has a total area of 385,207 square kilometers (148,729 sq mi) and had a population of 5,385,300 in November 2020. The country shares a long eastern border with Sweden (1,619 km or 1,006 mi long). Norway is bordered by Finland and Russia to the north-east, and the Skagerrak Strait to the south, with Denmark on the other side. Norway has an extensive coastline, facing the North Atlantic Ocean and the Barents Sea.

Brunei Darussalam

Brunei Darussalam is a country which is famous for its mosque and amusement parks it is also the wealthiest country in Asia. It is separated into two parts by the Sarawak district of Limbang. Brunei is the only sovereign state completely on the island of Borneo; the remainder of the island’s territory is divided between the nations of Malaysia and Indonesia. Brunei’s population was 428,963 in 2018. The government is an absolute monarchy under the Sultan, which implements a combination of English common law and sharia law, as well as direct general Islamic practices.

Ireland

Ireland is a country which is situated near England. The geography of Ireland comprises relatively low-lying mountains surrounding a central plain, with several navigable rivers extending inland. Its lush vegetation is a product of its mild but changeable climate which is free of extremes in temperature. Much of Ireland was woodland until the end of the Middle Ages. Today, woodland makes up about 10% of the island, compared with a European average of over 33%, and most of it is non-native conifer plantations. Its GDP per capita is about 87 k US dollars it is one of the wealthiest countries in the world.

Singapore

Singapore is one of the wealthiest countries of Asia is GDP per capita is about 105k US dollars. Singapore is a unitary parliamentary republic with a Westminster system of unicameral parliamentary government. While elections are considered generally free, the government exercises significant control over politics and society, and the People’s Action Party has ruled continuously since independence. One of the five founding members of ASEAN, Singapore is also the headquarters of the Asia-Pacific Economic Cooperation (APEC) Secretariat and Pacific Economic Cooperation Council (PECC) Secretariat, as well as many international conferences and events.

Luxembourg

Luxembourg is the wealthiest nation which is located in Europe GDP per capita is more than about 110k US dollars. The history of Luxembourg is considered to begin in 963 when count Siegfried acquired a rocky promontory and its Roman-era fortifications known as Lucilinburhuc, “little castle”, and the surrounding area from the Imperial Abbey of St. Maximin in nearby Trier. Siegfried’s descendants increased their territory through marriage, war, and vassal relations. At the end of the 13th century, the counts of Luxembourg reigned over a considerable territory.

Macau

Macau is a former colony of the Portuguese Empire after Ming China leased the territory as a trading post in 1557. Portugal paid an annual rent and administered the territory under Chinese sovereignty until 1887 when it gained perpetual colonial rights in the Sino-Portuguese Treaty of Peking. The colony remained under Portuguese rule until 1999 when it was transferred to China. Macau is a special administrative region of China, which maintains separate governing and economic systems from those of mainland China under the principle of “one country, two systems”. its GDP per capita is about 1 13k US dollars.

Qatar

Qatar is the wealthiest country in the world is GDP per capita is about 115 US dollars it is one of the famous countries in the middle East. The FIFA world cup 2022 will be organized in Qatar. Qatar is a peninsular Arab country whose terrain comprises an arid desert and a long Persian (Arab) Gulf shoreline of beaches and dunes. Also on the coast is the capital, Doha, known for its futuristic skyscrapers and other ultramodern architecture inspired by ancient Islamic design, such as the limestone Museum of Islamic Art.

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