This rating is based on a report by the International Monetary Fund, an intergovernmental organization of the United Nations. In her opinion, the richest countries in the world are the ones with the highest GDP per capita.
To find out the size of GDP per capita, total GDP (the cost of all goods and services of the country) is divided by the number of inhabitants.
The total GDP shows all the wealth of the country, and GDP per capita – the welfare of citizens. For comparison, China ranks second in total GDP, and is not even in the top 50 in terms of per capita gdp.
Russia also did not get into the top 20. It ranks 55th with a GDP of $29,640 per person – above us Greece, the islands of St. Kitts and Latvia. The line below (56th place) is the island nation of Antigua and Barbuda.
20. Germany (GDP $53,570)
Germany is the economic center of Europe, one of the most stable countries in the region. Lacking large mineral reserves other than coal, it focuses on services (70% of GDP) and industry (25% of GDP). Agriculture accounts for up to 1.5%. The main export items: machines, chemicals, computers, medicines.
19. Denmark (GDP $53,880)
Denmark’s Kingdom is a southernmost Scandinavian state. The country has strong economic neighbors (Sweden, Norway, Germany), access to the sea, gas and oil – other minerals are few.
Industry accounts for about 40% of GDP – especially the shipbuilding sector. The country exports metal processing, engineering, medicines, dairy and meat products.
18. Sweden (GDP $54,630)
Sweden is another Northern European country with a high standard of living and a stable economy. It is distinguished by the fact that almost 60% of GDP is taxes. The main resources of the state are forest, iron ore and hydropower. These products are the basis of Swedish exports.
in the last decade the role of biomedicine, IT and other science-intensive areas has been growing.
Income from the fields of fashion, design, multimedia products, gastronomy and tourism is increasing.
17. Taiwan (GDP $55,080)
Taiwan is an island partially recognized by the Republic of China with a population of 23.5 million, which is actually part of China. The country has a capitalist economy, where the level of control by the authorities is gradually decreasing.
More than 70% of the country’s GDP is provided by services, about 24% – industry. Taiwanese are increasingly focusing on high-tech industries (electronics, communications, IT), and labor-intensive industrial enterprises are moving abroad.
16. Saudi Arabia (GDP $55,700)
Saudi Arabia is the largest country in the Arabian Peninsula. It borders kuwait and qatar, and therefore gets richer because of similar sources – oil (25% of the world’s reserves) and gas. This industry provides 45% of total GDP, and 90% of raw materials are exported. The second major source of income is tourism. It is supported by the muslim holy city of Mecca.
15. Iceland (GDP $56,070)
The proud island country with unpronounceable names of geographical objects is one of the safest states in the world. In the 20th century, Iceland was an example of monocultural farming, with fishing accounted for a third of GDP until 2001.
But now the economy is diversifying, there is an emphasis on renewable energy. Banking, tourism, information and biotechnology are developing. There are exports of fish, aluminum, medicines.
14. Netherlands (GDP $58,340)
Key sectors of the Dutch economy: engineering, petrochemicals, shipbuilding, aviation, electronics, metallurgy, textiles, beer production, tourism.
In the structure of GDP 3/4 is the service sector, about 24% – construction and industry. The Netherlands also serves Rotterdam, one of the world’s most important shipping ports.
13. San Marino (GDP $61,580)
Only 33,000 people live in this dwarf state, so it is not so difficult to ensure high GDP per capita. The country acts as an offshore zone, exempting foreign companies from taxes. It helps to support the economy.
More than a third of GDP comes from the manufacturing sector, about 18% from insurance and banks, and about 14% from public administration.
For San Marino, tourism is important, 3 million visitors come to the country every year.
12. Hong Kong (GDP $64,930)
Hong Kong is another special area of China with its administration and management. The economic success of the former British colony is based on the principle of non-interference of the state in business and market freedom. It has the most headquarters of international companies in Asia.
Hong Kong is a free port and an offshore zone without VAT. Excise taxes are valid only for the import of tobacco, alcohol, methyl alcohol, mineral oils.
Approximately 90% of GDP is generated by the service sector. Important sectors of the economy: tourism, financial services, information technology.
11. United States (GDP $65,110)
The United States has a very diverse economy, and total GDP is so high that with 329 million inhabitants of the United States is in 11th place in terms of GDP per capita.
The country has the largest economy in the world in nominal (general) terms. Over the past 50 years, it has generated at least 20% of the world’s GDP.
About 79.4% of GDP comes from services, about 20% for industry. The main export items are oil products, air transport, cars, medicines, telecommunications equipment, consumer goods.
10. Switzerland (GDP $66,200)
The top 10 richest nations of the world are opened by the Swiss Confederation, the financial center of the planet. The policy of the state guarantees foreign investors bank secrecy, so here they are confident in the safety of their money. However, because of this, the country’s economy is increasingly dependent on foreign investments.
The country’s key resources are industry and trade. Switzerland is also the leader in gold cleanup. It recycles two-thirds of its global production. Most of the exports are occupied by pharmaceutical and chemical products, machinery, electronics, watches.
9. Kuwait (GDP $66,390)
Kuwait has about 9% of the world’s oil reserves, which gives the country almost half of GDP and accounts for about 95% of exports. The main sales areas are Japan, South Korea, India, Taiwan. Kuwaitis are well-off, so 60% of the workers are from other countries.
8. UAE (GDP $69,430)
The United Arab Emirates is a nation not just wealthy, but also rich in oil reserves. But despite this, it continues to deal with traditional industries: oasis landscaping, transit trade, fishing and crafts.
The country has a free economic zone Jebel Ali, international ports and developed tourism. About 250,000 tourists a year come to the UAE from Russia alone.
There are a lot of migrant workers in the UAE. Of the nearly 10 million people, about two-thirds are visiting workers from Asia.
7. Norway (GDP $76,680)
Norway is one of the strongest countries economically, economically, environmentally and socially. It ranks 48th in total GDP in the world, but 7th – per capita.
Oil and gas undoubtedly play a big role in the economy, but other minerals, chemical industry, engineering, shipbuilding, fishing, forestry are also developed.
6. Brunei (GDP $80,380)
Brunei’s main source of income, like other Arab countries, is oil, which generates more than 90% of foreign exchange earnings. Stocks are enough for 400,000 people, so that the residents are well-off, and the country has many signs of luxury. Almost half of the workers come from neighboring countries.
However, the standard of living in Brunei strongly depends on the funds of the royal family, which she manages, as the sultan wants.
5. Ireland (GDP $83,400)
Ireland is a European country with a population of 4.9 million people. It manages to maintain a high GDP with a relatively high unemployment rate (5.7% in 2018). For comparison, in Germany – 3%.
Before the 2008 crisis, the Irish economy was called the “Celtic Tiger” – in terms of growth rates it overtook the fast-growing Asian countries. In 2008-2010 there was a big crisis in the banking sector, unemployment rose to 13%.
Now Ireland is returning to pre-crisis levels. Its economy is based on pharmaceuticals, information and multimedia technologies, medical equipment, food industry and engineering.
4. Singapore (GDP $103,180)
Singapore is a city-state in Southeast Asia, one of the world’s economic centers. Thanks to the well-established infrastructure, technology and the level of innovation, it is called the city of the future. But it is noteworthy that the country also imports food, energy and water.
Singapore is home to 5.7 million people, but the economy of this city alone is so powerful that it is in the 4th place in GDP per capita. Reasons for prosperity: economic freedom, stable investment climate, law-abiding citizens, lack of corruption.
Transnational corporations are important to Singapore, so it is dependent on the international economic agenda.
3. Luxembourg (GDP $108,950)
The Grand Duchy of Luxembourg ranks 167th in the world in territory and 164th in population (119 thousand), but it is one of the richest countries in Europe and the world. This is due to the offshore zone. Easier business conditions have attracted more than 1,000 foreign investment funds and 200 banks. There are so many offices in no other city in the world.
The Luxembourg economy is based on services and trade, metallurgy, banking and financial services. Like all offshore zones, Luxembourg is dependent on the situation in other countries, so its GDP sags in crisis periods. The number of people below the poverty line is 0%.
2. Macau (GDP $114,360)
Macau is an autonomous part of China with its own administrative structure. From an economic point of view, it is a separate state.
Macau is one of the largest ports in the world and Asian Las Vegas. Gambling accounts for about 40% of GDP. The population of the island autonomy is only 653,000, of which one in 7 people regularly goes to the casino. The largest casino in the world, The Venetian, is also here.
The main production in Macau is fishing, tobacco, rice and vegetables.
1. Qatar (GDP $132,900)
It is the richest country in the world according to the Navy. This is due to large oil and gas production and a small population (2.6 million).
It is the third largest oil producer and the sixth largest oil exporter in the world. This area of the economy provides 50% of GDP and 70% of revenues to the state budget. 25% of GDP is generated by the service sector. The population is also engaged in fishing and pearl mining. Agriculture is weak and covers only 10% of food needs.
Despite the wealth, it is far from the European image of a prosperous state. It has an absolute monarchy, political parties are banned and demonstrations cannot be held.