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Richest countries in the world

List of Top Richest Countries in the world

A list of the 5 richest populated nations, countries, kingdoms and principalities on the planet in 2016. The countries with the highest GDP per capita (PPP).
This 5 richest countries by gross domestic product (at purchasing power parity) per capita. Using the purchasing power parity (PPP) value of all final goods to show true value of dollar within a country in a given year. Oil nations continue to dominate the list in 2015 as they did in 2014. 

             Here is the list of 5 Richest Countries in the world-

#5 Kuwait - $74,646 GDP (PPP) per capita


Kuwait is a small, relatively open economy and its citizens enjoy a per capita GDP (PPP) of $74,646. 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.

#4 Brunei - $78,369 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 $78,369. 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.


#3 Singapore - $85,382 GDP (PPP) per capita


This tiny city-state has moved up from 5th position to take 3rd with per capita income (PPP) of $85,382, 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 - $101,926 GDP (PPP) per capita



A symbol of wealth, number two on the list has a per capita GDP (PPP) of $101,926, 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 - $141,543 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 $141,543. 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 controversial country on the list for its use of forced labour from nations throughout Asia and parts of Africa.

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