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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
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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
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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
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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
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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
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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
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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 - $90,091
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Marina Bay Sands, the most exclusive resort in Singapore and the second most expensive building in the world |
- GDP per capita (PPP): USD 90,091 (Dec 2018)
- GDP Sector: Agriculture (0%), Industry (24.8%), Services (75.2%)
- Unemployment rate: 2.2% (Jun 2019)
- Human Development Index: 0.932 (2017)
- Population below poverty line: N/A
- Average gross salary (annual): S$ 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
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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
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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
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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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