top 10 richest countries of the world

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Top 10 richest countries of the world

by Roman on May 23, 2008

Here is a top 10 list of worlds richest countries according to CIA World Factbook and Wikipedia measured by GDP per capita. For those in the dark ± GDP or Gross Domestic Product ± is thevalue of all the goods that a country produces. GDP per capita stands for the value an average

person produces.

10. Switzerland ± $39,800 (GDP per capita)

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.

9. Equatorial Guinea ± $44,100

The Republic of Equatorial Guinea is a country in Central Africa. Most people have never heardof it. This country flew into stardom after 1996 when large oil reserves were found in the nation

of only 0,5 million people. While being one of the largest producers of oil in Africa, little has been made to improve the living conditions of the people. Corruption is widespread and ordinary

people are mostly living in poverty. The gap between rich and poor is probably the largest in theworld.

8. Ireland - $45,600

This member of European Union has been often admired as one of the most modern knowledgeeconomies in the world. Ireland is the largest maker of computer software in the world. A study

done by The Economist ranked the Celtic Tiger to have the best quality of life in the world.

7. United States ± $46,000



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 alsohome 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.

6. Singapore ± $48,900

This country tiny country consist of 63 island and some mainland with a total area of only 270square 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 foreignexchange trading center in the world. Singapore is widely believed to be the most business-

friendly economy in the world.

5. United Arab Emirates ± $55,200

This oil and natural gas rich country has a highly developed economy which makes it one of the

most developed in the world. Having more money than they know what to do with, they have built numerous artificial islands and just finished building the worlds highest structure ± Burj

Khalifa. It is 828 meters tall, being about 2 times as high as the Empire State Building in NewYork. It is estimated that about 1/4th of the total construction going on in the world is taking

place in Dubai ± one of the largest cities in United Arab Emirates.

4. Kuwait ± $55,300

In Arabic Kuwait translates to ³Fortress built near water´ . In addition to being on the coast of the Persian Gulf this country has well known neighbors like Saudi Arabia and Iraq. Kuwait has

the worlds fifth largest proven oil reserves ± about 10% of the worlds total. Being a countrywithout taxes, about 80% of the governments revenue comes from exporting oil. Having the the



second-most free economy in the Middle East, Kuwait has one of the fastest growing economiesin the region. (Thanks to Alsab3a from Stumbleupon for a little tip!)

3. Norway ± $55,600

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 theUnited States. In 2006 only Russia and Saudi Arabia exported more oil than Norway.

2. Qatar ± $75,900

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 andnatural 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).

In 2009 Qatar is also expected to be the fastest growing economy in the world!

1. Luxembourg ± $80,800

This tiny country with a total population of less than 500 000 is a true European miracle. By tinywe 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.

Where does the money come from?

Well, there is over 250 banks crammed into the small country! It has the largest bankingconcentration in the European Union and probably in the world. In addition to being rich the people are smart as well. In elementary school everyone studies in French, starting from middle

school they learn in German and in highschool the main language is English.Their own language ± Lëtzebuergesch. When picking up a local newspaper be prepared to find

articles in all languages.



If your country is on the list and you have an interesting fact about it ± let me know in thecomments and I will add it to the list!

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top 10 richest countries of the world

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