30 RICHEST COUNTRIES IN THE WORLD
>> Wednesday, September 07, 2016
(2016)
1. Qatar
Its oil exploration industry accounts for 70% of its government revenue, 60% of its GDP and 85% of its export earnings. However, Qatar is perhaps the most controversial country on this list because of its use of forced labor from nations in Asia and Africa.
2. Luxembourg
. Its stable and high-income market economy features “moderate growth, low inflation, and a high level of innovation”. Banking is the largest sector of its economy with an asset base of over $1.24 trillion alone. Yowza.
3. Singapore
It is home to the second busiest port in the world which exported $414 billion of goods in 2011 alone. The Singaporean economy is known as one of the freest, most innovative, most competitive, most dynamic and most business-friendly in the world.
4. Brunei
Brunei, officially named “Nation of Brunei, the Abode of Peace”, is a small country with a wealthy economy that is almost completely supported by their exports of crude oil and natural gas. It’s society is a mixture of foreign and domestic entrepreneurs that support a healthy economic mindset.
5. Kuwait
Nearly 10% of the world’s oil reserves come from Kuwait which greatly contributes to its high GDP.
Fun fact of the day: the highest-valued currency unit in the world currently is the The Kuwaiti dinar.
6. Norway
Norway’s economy is driven by the fishing, natural resources, and major petroleum exploration industries. It also happens to be the eighth largest exporter of crude oil, 9th largest exporter of refined oil, and 3rd largest exporter of natural gas in the world.
7. United Arab Emirates
More than a third of their economy comes from oil revenues while the rest mostly comes from their service/tourist/telecommunications sectors. The UAE is the second largest economy in the Arab world after Saudi Arabia.
8. Hong Kong
It’s a major port and global financial center well known for its tower-studded skyline. Hong Kong has a major capitalist service economy characterized by low taxation and free trade.
9. United States
It can attribute its success for our large domestic automotive industry, technological sector, and a democratic system protects and encourages entrepreneurial and intellectual property rights.
10. Switzerland
As true to its stereotype, Swiss banking and financial institutions keep this country and its economy stable and thriving. However, it is important to understand that some of the wealthiest people and companies in the world own Swiss bank accounts (because of its stability) and and provides Switzerland with excess capital to use for investment purposes.
11. Saudi Arabia
Saudi Arabia possesses 18% of the world’s proven petroleum reserves, and is the largest exporter of petroleum.The petroleum sector accounts for almost all of Saudi government revenues, and export earnings.
12. Bahrain
Based of the 2011 Index of Economic Freedom, Bahrain has the freest economy in the Middle East and is twelfth freest overall in the world.
It has been famed throughout history for its pearl fisheries, which were considered the best in the world into the 19th century.
13. Netherlands
The Netherland’s economical success comes from three key sectors: mining, agriculture and manufacturing. With 16.8 million people (most of them happily employed), and a per capita GDP of $47,633, the Dutch thrive in their economy.
14. Ireland
The main industries in its economy are textiles, mining, and food production.
15. Australia
It generates its income from mostly from mining-related exports, telecommunications, banking and manufacturing. It also happens to be the world’s fourth largest exporter of wine, with the industry contributing $5.5 billion per year to the nation’s economy.
16. Austria
Its bustling service sector and its closeness to Germany provide a ready market for its steel, iron and agricultural products.
Capital city Vienna is the fifth richest metropolis in Europe behind Hamburg, London, Luxembourg, and Brussels.
17. Sweden
With a total population of over 9.8 million, its GDP per citizen is $46,386. Sweden is an export-oriented mixed economy and the ninth-largest arms exporter in the world. Timber, hydropower and iron ore make up the resource base of their economy with a heavy emphasis on foreign trade.
18. Germany
From history class, you might know how terrible Germany’s economic story has been on account of the two world wars, but it has stabled out quite nicely. It has a social market economy with a highly skilled labour force, a large capital stock, a low level of corruption. It is also the world’s third largest exporter of goods.
19. Taiwan
t’s part of the “Four Asian Tigers” (term used in reference to the highly free-market and developed economies) alongside Hong Kong, South Korea and Singapore. Unlike its neighboring countries, the Taiwanese economy is dominated by small and medium-sized businesses, rather than the large businesses.
20. Canada
It is one of the world’s top ten trading nations, with a highly globalized economy and one of the few developed nations that are net exporters of energy. It also is one of the world’s largest suppliers of agricultural products. The Canadian Prairies are some of the most important global producers of wheat, canola, and other grains.
21. Denmark
It ranks highest in the world for workers rights. This is probably attributed to their no minimum wage legislation.
Workers at McDonald’s and other fast food chains can make up to the equivalent of US $20 an hour and have access to five weeks’ paid vacation, parental leave and a pension plan.
22. Oman
Oman’s Basic Statute of the State expresses in that the “national economy is based on justice and the principles of a free economy.” It has a relatively diversified economy, but is still extremely dependent on oil exports. However, tourism is the next fastest growing industry in the country.
23. Iceland
A country where insular existence has spurred a rich and vibrant culture.” That vibrant culture is dedicated to producing renewable energy sources and is considered one of the most environmentally friendly countries in the world. Iceland’s economy is heavily dependent on fishing, which provides 40% of export earnings and employs 7% of the work force.
24. Belgium
Its central location makes it the world’s 15th largest trading nation. This contributes to Belgium’s strong globalized economy. The Belgian economy is “heavily service-oriented and shows a dual nature: a dynamic Flemish economy and a Walloon economy that lags behind.”
25. France
The global center of art, science, and philosophy has a mixed economy that combines private enterprises with “substantial state enterprise and government intervention”. It receives the most tourists per year than any other country in the world which contributes to their bustling economy. Other contributors include agriculture, transport, and energy.
26. Finland
The largest sector of their economy (around two thirds of it) is services, followed by manufacturing and refining.
27. United Kingdom
The aerospace industry of the UK is the second national aerospace industry in the world with an annual turnover of around £25 billion. The agriculture industry is also a huge contributor to their economy. It’s intensive, highly mechanized and efficient by European standards, producing about 60% of food needs with less than 1.6% of the labour force.
28. Japan
With a population of 127 million, their GDP per citizen is $38,797. Their economy relies on their advancements in the auto industry and in energy production.
29. South Korea
South Korea is a developed country with a high-income economy and is the most industrialized member country in the Organization for Economic Co-operation and Development. Its economy heavily relies on the technological transportation industry and tourism.
30. New Zealand
It is heavily dependent on international trade, particularly with agricultural products. The extractive industries contribute strongly to their economy so they focus their efforts on sealing, whaling, flax, gold, kauri gum, and native timber.
From: http://www.pressroomvip.com/
