Today I am going to discuss here about top 10 richest countries of the world 2018. The economic value of any country is measured with Gross Domestic Product (GDP) and every country has different GDP rates. It has also been seen that some countries have less GDP despite of having large population and some have fewer population and large GDP. Not to forget that no country can become rich overnight actually hard work is needed from both of nation and as well as government. Lets have detailed view without wasting of time about top 10 richest countries of the world.
It is the dream of every country to become richest in the world, and why not? We are living in the age where wealth is considered everything. There are many countries in the world but peace, prosperity, progress and value of mankind are only found in the countries which are rich by wealth and nature. And we all know that richness is subject to economy. The governments which have made such kinds of rules and regulations to improve their economic matters, their states are standing amongst the richest countries in the world. The economy of any country depends on agriculture, lubricants, natural gas and manufacturer industries.
1. State of Qatar Richest Country in the World:
State of Qatar is the richest country in the world which is located at West of Asia. It is small country situated at Persian Gulf and its south border is connected with Saudi Arabia. According to recent surveyed the population of State of Qatar is 2,035,140. The climate of State of Qatar is normally remained hot the maximum remains around 30 and minimum 13. The currency name of State of Qatar is Riyal. In 1892 oil in huge amount was discovered in Qatar and since then it has been become source of income for living people in Qatar. One of the reasons of prosperous Qatar is extraordinary educational system therefore the literacy rate is really low in Qatar. The rate of gross domestic product as per capital is 102,767 dollars and this is very high rate therefore there is no competitor of State of Qatar yet. State of Qatar is completely relying on lubricants and oil. 90% income comes from export of oil in other countries. There is not income or any kind of tax is being charged by the nation in Qatar.
2. Luxembourg 2nd Richest Country in the World:
Luxembourg is richest country in Europe and 2nd richest in the world. Luxembourg is a European country which is found between Belgium, Germany and as well as France. The population of Luxembourg is 537, 900 and the GDP rate of Luxembourg is 80,689 US dollars. The currency name of Luxembourg is Euro. The concept of unemployment in Luxembourg is almost to zero therefore people want to have stay in Luxembourg. The reason of richness of Luxembourg is world largest iron and as well steel companies. It is also the country where no tax is being charged. The statistical says that huge number of international billionaires love to reside here because they don’t have to pay tax therefore approximately one third population of Luxembourg is consisted on foreigners.
3. Singapore 3rd Richest Country of the World:
According to http://ihelpf9.com Singapore is the 3rd richest country in the world. The complete name of Singapore is Republic of Singapore. Singapore is another richest country in the world which is located in Asia. It is the small country, the past of Singapore was not good as it is today the reason behind it they work hard and made some outstanding policies to make their country developed and prosperous so due to this today it is ranked 3rd richest country of the world. The population of Singapore is about 5,500,100 and the GDP rate of Singapore as per capita is 61,046 US Dollars. The currency name of Singapore is Singapore Dollar. The economic system of Singapore is so powerful in the world therefore it has 3rd ranking in the world.
4. Norway 4th Richest Country of the World:
Here comes Norway founded 4th richest country of the world. The official name of Norway is Kingdom of Norway which is located in Europe. It has been said that it is the place of hardworking and determined people and job placements can be found easily in Norway. Government of Norway paid especial attention for making economy strong. The currency of Norway is Norwegian Krone and the capital of Norway is Oslo. The GDP rate of Norway is 55,300 Dollars. The main sources of income in Norway are export of lubricants and natural gas. The borders of Norway are connected with Russia, Finland as well as Sweden.
5. Hong Kong SAR 5th Richest Country of the World:
In the list of top 10 richest countries of the world Hong Kong SAR is placed at 5th. It is once again Asian country that has been titled richest in the world. The population of Hong Kong approximately is 7,184,090. As per capita the GDP rate of Hong Kong is 50,708 Dollars. This state is known as the largest destination for finance and located next to China.
6. Brunei 6th Richest Country in the World:
Brunei who is also known as State of Brunei is the 6th richest country in the world. The capital of Brunei is Bandar Seri Begawan. The population of Brunei is around 415,817. There is sultanate system in Brunei and the majority of nation is consisted on Muslims. The GDP rate as per Capita is not very different from Hong Kong as it has 50,608 Dollars. The currency name of Brunei is Brunei Dollar. Brunei is dependent on production of crude oil and as well as natural gas. The economy of Brunei is so strong therefore they are very good at finance and ranked 6th in the world as concerned to wealth.
7. USA 7th Richest Country in the World:
United States of America required no introduction due its popularity in the world. It is considered the hub of technology and researches. It has 7th position in the list of top 10 richest countries in the world. The capital city of US is Washington DC which is most famous place in the world. United States of America also called USA was founded in 1776. It has huge population as 317,612,400 and huger number of people came across the world. The currency name of USA as all know is US Dollar and according the capita the GDP rate of USA is 49,902 dollars. The income of source is strong economy and it is also known as one of the largest production nation in the world.
8. UAE 8th Richest Country in the World:
UAE which is abbreviation of United Arab Emirates is the 8th richest country in the world. The capital city of UEA is Abu Dhabi. It also the richest country founded in the subcontinent of Asia. It the Islamic country and Islam starts here when Holy Prophet Muhammad (PBUH) started to preach. The population of UEA is 54,739,999 and according to Capita the GDP of UAE is 48,803 Dollars. Natural gas, oil dried fish and as well dates are sources of income in UEA.
9. Switzerland 9th Richest Country in the World:
Switzerland one of the most beautiful counties in the world as concerned to natural beauty. The capital of Switzerland is Berne. The currency name of Switzerland is Swiss Frac. It ranked on 9th in the top 10 list. The population of Switzerland is 8,015,000. As per capita the GDP rate is 45,290 Dollars. Switzerland is dependent of tourists, agriculture and as well large number of industries.
10. Kuwait 10th Richest Country in the World:
Kuwait the Arabian country is the 10th richest country of the world if we talk about wealth. The currency name of Kuwait is Kuwaiti Dinar. The population of Kuwait is 2,695,329. The source of income in Kuwait is oil as it is the 6th largest country in the world that is producing oil. The GDP rate of Kuwait is 43,898 Dollars as per capita.