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Top 10 Richest Countries in the World 2019

richest countries in the world
Several luxury office towers in Doha City, Qatar
World Ranking - To determine the wealth level of a country is usually measured by GDP per capita of the country. GDP (Gross Domestic Product) is the market value of all goods and services produced by a country for a certain period of time. This GDP per capita reflects the size of the average income of the people in a country (per capita Income). The greater the per capita income, the higher the level of prosperity and development of a country.

By measuring GDP per capita in every country in the world, data is obtained about the wealth level of each country which is then used to rank the richest countries in the world. Oil nations still dominate this list. And here are top 10 of the richest countries in the world in 2019:

10. Switzerland - $59,019 

zurich city switzerland
Zurich City, the most important economic center of Switzerland
  • GDP per capita (PPP): USD 59,019 (Dec 2018)
  • GDP Sector: Agriculture (0.7%), Industry (25.6%), Services (73.7%)
  • Unemployment rate: 2.1% (June 2019)
  • Human Development Index: 0.944 (2017)
  • Population below poverty line: 6.6% (2014)
  • Average gross salary (annual): USD 64,109 (2018)
  • Main industries: machinery, chemicals, watches, textiles, precision instruments, tourism, banking, insurance, pharmacy


9. Norway - $65,441

oslo norway
Oslo - Norway
  • GDP per capita (PPP): USD 65,441 (Dec 2018)
  • GDP Sector: Agriculture (1.6%), Industry (34.7%), Services (63.5%)
  • Unemployment rate: 3.4% (May 2019)
  • Human Development Index: 0.953 (2017)
  • Population below poverty line: -
  • Average gross salary (annual): USD 50,956 (2018)
  • Main industries: Petroleum, natural gas, shipping, fishing, aquaculture, food processing, shipbuilding, pulp & paper, metals, chemicals, timber, mining, textiles

8. Kuwait - $65,515

kuwait city
Kuwait City, the capital of Kuwait
  • GDP per capita (PPP): USD 65,515 (Dec 2018)
  • GDP Sector: Agriculture (0.4%), Industry (58.7%), Services (40.9%)
  • Unemployment rate: 2.1% (May 2019)
  • Human Development Index: 0.803 (2017)
  • Population below poverty line: -
  • Average gross salary (annual): USD 77,709 (2018)
  • Main industries: Petroleum, petrochemicals, cement, shipbuilding and repair, desalination, food processing, construction materials

7. Uni Arab Emirates - $66,616

dubai
Dubai, the financial center of the United Arab Emirates
  • GDP per capita (PPP): USD 66,616 (Dec 2018)
  • GDP Sector: Agriculture (0.9%), Industry (49.8%), Services (49.2%)
  • Unemployment rate: 2.57% (Dec 2018)
  • Human Development Index: 0.863 (2017)
  • Population below poverty line: 0% (2014)
  • Average gross salary: -
  • Main industries: Petroleum, petrochemicals, fishing, alumunium, cement, fertilizer, ship repair, construction, materials, handicrafts, textiles

6. Ireland - $70,361

dublin ireland
Dublin, the capital and largest city of Ireland
  • GDP per capita (PPP): USD 70,361 (Dec 2018)
  • GDP Sector: Agriculture (1.2%), Industry (38.6%), Services (60.2%)
  • Unemployment rate: 4.5% (Jun 2019)
  • Human Development Index: 0.938 (2017)
  • Population below poverty line: 8% (2014)
  • Average gross salary (annual): USD 47,952 (2018)
  • Main industries: Petrochemicals, chemicals, computer hardware, software, food products, beverages and brewing, medical devices

5. Brunei - $71,802

bandar seri begawan
Bandar Seri Begawan, the capital and financial center of Brunei Darussalam
  • GDP per capita (PPP): USD 71,802 (Dec 2018)
  • GDP Sector: Agriculture (0.7%), Industry (73.3%), Services (26%)
  • Unemployment rate: 9.2% (Dec 2018)
  • Human Development Index: 0.853 (2017)
  • Population below poverty line: 1000 persons (2014 est)
  • Average gross salary: -
  • Main industries: Petroleum, petroleum refining, liquefied natural gas, construction

4. Singapore - $90,091

Marina Bay Sands, the most exclusive resort in Singapore and the second most expensive building in the world
Marina Bay Sands, the most exclusive resort in Singapore and the second most expensive building in the world
  • GDP per capita (PPP): USD 90,091 (Dec 2018)
  • GDP Sector: Agriculture (0%), Industry (24.8%), Services (75.2%)
  • Unemployment rate: 2.2% (Jun 2019)
  • Human Development Index: 0.932 (2017)
  • Population below poverty line: N/A
  • Average gross salary (annual): S$ 67,152
  • Main industries: Electronics, chemicals, financial services, oil drilling equipment, petroleum refining, biomedical products, scientific instruments, telecommunications equipment, rubber, food and beverages, ship repair, offshore construction, life sciences, re-exportation

3. Luxembourg - $93,734

luxembourg
Luxembourg City, Capital of Luxembourg
  • GDP per capita (PPP): USD 93,734 (Dec 2018)
  • GDP Sector: Agriculture (0.3%), Industry (12.8%), Services (86.9%)
  • Unemployment rate: 5.5% (Jun 2019)
  • Human Development Index: 0.916 (2017)
  • Population below poverty line: 21.5% at risk of poverty or social exclusion (2017)
  • Average gross salary (annual): $ 67,656
  • Main industries: Banking and financial services, construction, real estate services, iron, metals, and steel, information technology, telecommunications, cargo transportation and logistics, chemicals, engineering, tires, glass, aluminum, tourism, biotechnology


2. Macau - $108,831

macau
Macau - An autonomous region within China known as the Macao Special Administrative Region of the People's Republic of China
  • GDP per capita (PPP): USD 108,831 (Dec 2018)
  • GDP Sector: Agriculture (0%), Industry (5.9%), Services (94.1%)
  • Unemployment rate: 1.7% (Jun 2019)
  • Human Development Index: 0.894 (2015)
  • Population below poverty line: N/A
  • Average gross salary: -
  • Main industries: Tourism, gambling, clothing, textiles, electronics, footwear, toys


1. Qatar - $112,531

doha qatar
Doha, the capital and financial center of Qatar
  • GDP per capita (PPP): USD 112,531 (Dec 2018)
  • GDP Sector: Agriculture (0.2%), Industry (50.3%), Services (49.5%)
  • Unemployment rate: 0.1% (Dec 2018)
  • Human Development Index: 0.856 (2017)
  • Population below poverty line: 0%
  • Average gross salary: -
  • Main industries: Liquefied natural gas, crude oil, ammonia, fertilizer, petrochemicals, reinforcing steel, cement, ship repair

Source: Wikipedia, Trading Economics, & International Monetary Fund (IMF) official website.

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