Sunday, December 24, 2017

Top 5 Richest countries in the world.

In this case America isn't in the top 5 that's a suprising fact for many out there but it is the truth, well the majority of richest countries are from Europe,Yes you read it right majority are from Europe.
Now let's get to the list.

5.Ireland
         

At number FIVE position is Ireland.
Ireland is country located in Europe with a small population of  nearly 5 million (approx) Ireland's GDP Per capita income is about $68,885, Ireland's major income is produced by Food,textile and tourism industries,any how Ireland is a beautiful country to have a vacation with your family.

4.Brunei

Wow never heard of the country right? But it is the FOURTH richest country with a GDP Per capita income of $76,551 and a very small country and it's major income is produced by Crude oil and natural gas.

3. Singapore

Singapore's per capita income has grown at a very high and at a significant rate before taking the no.3 spot Singapore was at no.8 it has increased 5 places in the list,For now Singapore has taken no.3 spot with a GDP Per capita income of $87,855.
The basis of Singapore's wealth is its financial services sector, a chemical export industry, and its liberal economic policies which plays a very significant role in it's income.
Singapore has the second busiest port in the world, exporting $414 billion of goods in 2011 alone.

2. Luxembourg

Luxembourg was at the first place for many years but now it has dropped down to 2nd place with a GDP per capita income of $105,882 
Banking in Luxembourg is the largest sector of its economy with an asset base of over $1.24 trillion alone well that's a big number.

1. Qatar

Now the countdown ends with QATAR being the world's RICHEST country with a GDP Per capita income of  $127,523.
The country is rich because of it's  relatively low population of two million results in a large GDP per capita because of which most residents of the country enjoy a very high standard of living.
The countries capital is Doha and is we'll developed and gives a tough competition to other neighboring countries like UAE.
However the country may be the fact that makes it unique is it's RICHNESS.
                                -Srikanth Mudiraj

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