Top 10 2016 Richest Countries In The World

world richest nations

Today we are going to be talking about the richest countries in the world just as we have richest people in the world we have them also.
According to experts these are the list of richest countries in the world based on the (PPP) Purchasing Power Parity of (GDP) Gross Domestic Product.

1. Qatar - $140,649 GDP (PPP) Per Capital -----Image before the content
When it comes to the list of richest countries, Qatar is the richest nation in the world with well developed industries such as oil exploration industries. It has been recorded that the petroleum industry accounts for 70% of its government revenue, and 60% of its GDP and 85% of its export earning accounts. Qatar has been chosen as the host of 2022 FIFA world cup because of it’s wealth and economic stability.

2. Luxembourg -$97,662 GDP (PPP) Per Capital
Luxenbourg is the second richest with $97,662 GDP which is nine times the world average. The financial sector is the pillar of the economic success of this nation and prudent fiscal policies and dynamic industrial and steel sectors.

3. Singarpore-$82,763 GDP (PPP) Per Capital
The 3rd on the list which was initially the fifth got its wealth from financial services sector, a chemical export industry. They have the second busiest port in the world exporting $414 billion of goods in 2011 alone

4 Kuwait-$73,246 GDP(PPP) Per Capital
A very small economy with the highest valued currency unit in the world with nearly 10% of the worlds oil reserve s and 95% of export revenues.

5 Brunei-71,185 GDP (PPP) Per Capital
A small country with a wealthy economy that is a mixture of foreign and domestic entrepreneurship, its supported mostly by exports of crude oil and natural gas which made the economic of the country progress.
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