A list
of the 13 richest populated nations, countries, kingdoms and principalities on
the planet in 2016. The countries with the highest GDP per capita (PPP).
13.Austria - $46,223 GDP (PPP) per capita
The alpine nation has a population of about 8.5 million people with a healthy per capita income of $46,223, which is about four times higher than the per capita income for the average person globally. Its robust service sector and its proximity to Germany provide a ready market for its steel, iron and agricultural products. The Capital city, Vienna is the fifth richest metropolis in Europe behind Hamburg, London, Luxembourg, and Brussels.
12.Netherlands - $47,633 GDP (PPP) per capita
With 16.8 million people, and a per capita GDP of $47,633,
the Dutch are more than just a tulip country. Its success comes from three key
sectors: mining, agriculture, and manufacturing. Many people do not know that
the Netherlands is actually a kingdom of four countries: Aruba, Curaçao, the
Netherlands and Sint Maarten but the Netherlands makes up 98% of the total land
area in the Kingdom.
11.Ireland - $48,755 GDP (PPP) per capita
The Emerald Isle has a
per capita income of about $48,755 with a population of about 4.8 million
people. The main industries that boost its economy are textiles, mining, food
production, staple products in any economy. In OECD (Organization of Economic Cooperation and
Development) rankings, Ireland actually places 4th overall.
10.Saudi Arabia - $51,924 GDP (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 world's proven petroleum reserves, ranks as the largest
exporter of petroleum, and played a leading role in OPEC for many years.The
petroleum sector accounts for almost all of Saudi government revenues, and
export earnings. Despite possessing the largest petroleum reserves in the
world, its per capita income dropped is much smaller than of that of smaller
Persian Gulf neighbors.
9.The United States - $54,630 GDP (PPP) per capita
While
most nations on the list have small populations (relatively), it is impressive
that the world's largest economy, the United States, can maintain a per capita
GDP (PPP) of $54,630, considering its population of over 310 million people.
Reasons behind its success include its large domestic automotive industry,
technological sector that foster innovation, and a system of democracy that protects
entrepreneurial and intellectual property rights.
8.Switzerland - $57,235 GDP (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. Zurich and Geneva, Switzerland's
most well-known cities, have consistently ranked among the top ten highest
living standard cities in the world.
7.Norway - $64,856 GDP (PPP) per capita
This
Nordic nation's 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, Norway is the eighth largest
exporter of crude oil, 9th largest exporter of refined oil, and 3rd largest
exporter of natural gas in the world.
6.The United Arab Emirates - $67,674 GDP (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, it's a bit more populated than
the state of New Jersey. A third of the $67,674 per capita economy comes from
oil revenues, while the service sector and telecommunications also contribute
significantly. The UAE is the second largest economy in the Arab world after
Saudi Arabia.
5.Brunei - $71,185 GDP (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. Like other oil
countries in the list the government has shown progress in diversifying the
economy away from just oil and gas.
4.Kuwait - $73,246 GDP (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 world's oil reserves, petroleum
accounts for nearly half of GDP and 95% of export revenues and government
income. In recent years, Kuwait has done little to diversify its economy due to
positive fiscal situation.
3.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 Singapore's wealth is its
financial services sector, a chemical export industry, and its liberal economic
policies that encourage growth and innovation. Singapore has the second busiest
port in the world, exporting $414 billion of goods in 2011 alone.
2.Luxembourg - $97,662 GDP (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. Banking in Luxembourg is the largest sector of its economy
with an asset base of over $1.24 trillion alone.
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. Because of its wealth and economic success, it has been chosen as the host of the 2022 FIFA World Cup, the first Arab nation to ever hold this role. However, Qatar is also the most conterversail country on the list for its use of forced labour from nations throughout Asia and parts of Africa.
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