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Click to Watch in HD > Top 10 Richest Countries In The World 2016
Watch 10 – Saudi Arabia - $52,010GDP (PPP) per capita
Saudi Arabia is one of many oil-based economies with strong government control over major economic activities that enjoy high GDP. Its GDP (PPP) per capita is $51,924 as it possesses 18% of the worlds proven petroleum reserves, ranks as the largest exporter of petroleum, and played a leading role in OPEC for many years.
9 – The United States - $54,629 GDP (PPP) per capita
While most nations on the list have small populations (relatively), it is impressive that the worlds largest economy, the United States, can maintain a per capita GDP (PPP) of $54,630, considering its population of over 310 million people.
8 – Switzerland - $59,540GDP (PPP) per capita
The GDP (PPP) per Swiss citizen is $57,235. Swiss banking and financial institutions keep this country and its economy afloat. It is important to note that some of the wealthiest people and companies in the world own Swiss bank accounts and therefore Switzerland has excess capital to use for investment purposes.
7 – Norway - $65,614GDP (PPP) per capita
This Nordic nations per capita GDP of $64,856 allows its 4.97 million people to reap the benefits of a small yet robust economy. Driven by fishing, natural resources, and major petroleum exploration,
6 – The United Arab Emirates - $67,674GDP (PPP) per capita
This Middle Eastern federation of emirates has a land area of about 32,278 sq. miles, which means it could easily fit within New York State (54,556 sq. miles). With a population of 9.2 million people, its a bit more populated than the state of New Jersey.5 –
Brunei - $71,185GDP (PPP) per capita
Brunei, a small country with a wealthy economy that is a mixture of foreign and domestic entrepreneurship, government regulation and welfare measures, and village tradition has led to GDP per capita (PPP) of 71,185. It is almost completely supported by exports of crude oil and natural gas.
4 – Kuwait - $73,246GDP (PPP) per capita
Kuwait is a small, relatively open economy and its citizens enjoy a per capita GDP (PPP) of $73,246. The highest-valued currency unit in the world currently is the The Kuwaiti dinar. With nearly 10% of the worlds oil reserves, petroleum accounts for nearly half of GDP and 95% of export revenues and government income–.
Singapore - $82,763 GDP (PPP) per capita
This tiny city-state has moved up from 5th position to take 3rd with per capita income (PPP) of $82,763, which is five times the average per capita income for an ordinary individual in the world. The basis of Singapores wealth is its financial services sector, a chemical export industry, and its liberal economic policies that encourage growth and innovation. .
2 – Luxembourg - $98,460GDP (PPP) per capita
A symbol of wealth, number two on the list has a per capita GDP (PPP) of $97,662, which is nine times the world average. The backbone of this strong economy is its vibrant financial sector, prudent fiscal policies, and dynamic industrial and steel sectors.
1 – Qatar - $140,649 GDP (PPP) per capita
Qatar ranks number one on the list of the top 10 richest nations because of its high GDP (PPP) per capita of $140,649. Qatar has a well-developed oil exploration industry where the petroleum industry accounts for 70% of its government revenue, 60% of its GDP and 85% of its export earnings.
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