Top 5 Richest Countries In The World
Top 5 Richest Countries In The World,There are about 200 countries all over the world, of which many countries provide billions and trillions of revenue. But which of these countries is first in the list of rich countries, you probably would not know. So, no problem, here we will tell you about those 5 countries according to the capital, in which place they are. Let us also tell you that this ranking is based on the report of International Monetary Funds October 2017.
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5 richest countries in the world
Qatar is the first richest country in the world. Small Middle Eastern countries often figure as one of the richest countries in the world per capita. Qatar has a population of about 2.27 million, giving it a GDP of approximately $ 124,930 per capita and making it the richest country in the world by 2017 according to the IMF. A major revenue source for Qatar, which is used for fuel, is hydrocarbons.
Luxembourg ranks as the second richest country in the world with a population of around 600,000. The country has a strong workforce and its 2016 growth exceeds the overall growth of the European Union. However, the IMF said that the changing scenario from Brexit and the U.S. Policy changes can cause market volatility.
Singapore remains one of the richest countries in the world and in the first quarter of 2017 its real GDP is growing at 2.7% annually. The IMF said that the city with a population of 5.6 lakh has been growing continuously since last year as the global electronics business has grown. On a broader scale, the IMF notes that Singapore’s economic growth is primarily limited to its specialist-oriented sectors.
However, in 2016, GDP growth rate of Brunei decreased. But according to the IMF, the country is actually better than expected. The rich country, which is made up of just 400,000 people, has managed to adjust to the decline in the oil market, despite being the main export of Brunei. According to the IMF’s 2014 report, about 90% of Brunei’s revenue is through oil and gas.
Ireland is included in the list of the five richest countries in the world. This country is believed to have the highest growth rate in Europe. Investment, expenditure and construction are the main reasons for GDP growth here. The total GDP of Ireland is $ 72,630.