In total, there are an unbelievable 196 countries in the world. Some
of these are highly developed countries with bustling cities and
infrastructure, while others remain developing countries who are having
trouble simply surviving the day-to-day life. Countries such as the US,
France, and Canada are all developed. India, Pakistan, and Nepal are
great examples of countries who are all currently developing, albeit
with some struggles and setbacks. Developed countries tend to have a far
higher GDP. Here are the ten richest countries in the entire world.
Saudi Arabia
Saudi Arabia has managed to become one of the richest countries due
to their influence over the oil and petroleum industries. They have a
per capita income of over 56,000 USD.
Switzerland
Switzerland is a truly beautiful country known for their iconic
vistas and wondrous mountains. However, they are also the ninth richest
country in the world, with a per capita income of around 56,000 USD.
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United States of America
The United States is known for having the largest economy in the
entire world. When it comes to development, the US is number one. The
country is currently the eight richest, though, with a per capita income
of 57,000 USD.
United Arab Emirates
The United Arab Emirates has managed to grasp the seventh spot in the
richest countries of the world due to their revenue from the oil
industry. Tourism has also brought in millions for the country. They
have a per capita income of 68,000 USD.
Norway
Norway currently has the largest foreign wealth fund in the entire
world. The country is the home to abundant natural resources, including
petroleum and production. They have maintained their position as the
sixth richest country by having a per capita income of 68,000 USD.
Kuwait
Most people may not think of Kuwait as a rich country, but oil counts
for around half of their GDP and 95 percent of their revenue from
exporting. They are the fifth richest country due to their per capita
income of 72,000 USD.
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Brunei
You may not have heard of Brunei, but this rich country is famous for
their exportation of crude oil and natural gases. They have gained the
fourth richest country in the world this year because of their 80,000
USD per capita income.
Singapore
Singapore has one of the most open economies in the entire world, and
gains huge amounts of revenue from investors looking for an attractive
business climate. They are the third richest country in the world with a
per capita income of 85,000 USD.
Luxembourg
Luxembourg is the embodiment of a rich country. Their revenue is
dependent on banking, steel, and the industrial sector, which is
booming. Their position as the second richest country of 2016 is
cemented by a 94,000 USD per capita income.
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Qatar
Qatar is known for their petroleum and liquefied natural gas, which
accounts for around 70 percent of all government revenue and 85 percent
of export income. They have a per capita income of 146,000 USD, making
them the richest country in the world.
