Friday, January 7, 2011

Top 10 Richest Countries in the World

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In our lists of top 10, today we are going to tell you about top 10 richest countries according to International Monetary Fund (IMF).
1Qatar – $88,232

This Arabic speaking country has less than million people and gained independence from Great Britain only in 1971. Qatar used to be a poor Islamic country but since the discovery of oil and natural gas in the 1940s, it is completely transformed. With no income tax it is one of the least taxed countries in the world, while still offering most of its services to the population for free. (Who needs tax when you have all this oil and gas money coming in).

2Luxembourg – $80,304

This tiny country with a total population of less than 500 000 is a true European miracle. By tiny we mean the 8 smallest country in the world. From top to bottom it’s only about 50 miles and at its widest about 30 miles.

3Singapore – $57,238

This country tiny country consist of 63 island and some mainland with a total area of only 270 square miles (704 sq km). With Hong Kong, South Korea and Taiwan it is considered one of the Four Asian Tigers. Singapore has the busiest port in the world and is the 4th largest foreign exchange trading center in the world. Singapore is widely believed to be the most business-friendly economy in the world.

4Norway – $52,238

Norway is one of the few highly developed countries in Europe tthat are not part of the European Union. This oil and natural gas rich country has living costs more than 30% higher than in the United States. In 2006 only Russia and Saudi Arabia exported more oil than Norway.

5

Brunei

 – $44,100

This small, wealthy economy is a mixture of foreign and domestic entrepreneurship, government regulation and welfare measures, and village tradition. It is almost totally supported by exports of crude oil and natural gas, with revenues from the petroleum sector accounting for over half of GDP. Per capita GDP is high, and substantial income from overseas investment supplements income from domestic production. The government provides for all medical services and subsidizes food and housing.

6United States – $47,123

What sets the US apart from most other countries in this list is its size. While most other countries in this list are among the smallest in the world the US has a population of over 300 million and a total land area of 3,79 million square miles (9.83 million sq km). The US is also home to the largest amount of billionaires in the world. It is speculated that as many billionaires live in the US as in the rest of the world.

7. Switzerland – $41,765

This cheese making country is considered to be one of the most neutral countries in the world. During World War 2, people from other European countries deposited their money in the banks of Switzerland, knowing that their money would be safer there than in their home countries. Some well known Swiss companies include Nestle, Logitech, Rolex and Credit Suisse.

8.

Netherlands

 $40,777

The Netherlands has a very strong economy and has been playing a special role in the European economy for many centuries. Since the 16th century, shipping, fishing, trade, and banking have been leading sectors of the Dutch economy.

9Australia – $39,692

Australia has a free-market economy with high GDP per capita and low rate of poverty. After the 2006 merger of the Australian Stock Exchange and the Sydney Futures Exchange, the Australian Securities Exchange is now the ninth largest in the world.

10. Austria – $39,454

Labour movements are particularly strong in Austria and have large influence on labour politics. Next to a highly developed industry, international tourism is the most important part of the national economy.

Checkout top 10 richest women in the world and richest men in the world.

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