These countries are the richest


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If you are in search of the top 10 richest countries in the world at the moment, your search ends here. In this post we are going to give you the list of the top 10 richest countries in the world at the moment.

Many people might be wondering that how is the list of the richest countries in the world determined. Well to understand how we have gone about curating this list, then you might need to know what GDP means.

GDP stands for Gross Domestic Product, which is the total value of goods produced and services provided in a country during one year.

The data contained in this post is reliable and up-to-date, as it is based on the statistics released by the International Monetary Fund (IMF) this 2017. Let’s go straight into the full list of the top 10 richest countries in the world.

  1. Luxembourg: GDP – $101,994

I know you must have been expecting some of the world powers to take this spot, but given the. fact that Luxembourg has the highest GDP, they sit conveniently on the number one spot of this list.  Luxembourg has a total population of 543,202 as at 2013, and a GDP of 60.13 billion USD in the same year. The economy of this country is largely dependent on the steel, banking, and industrial sectors.

  1. Switzerland: GDP – $80, 675

Taking the number two spot on this list is Switzeeland, which is not also a large country.The country has a total population of 8.081 million as at 2013, and a GDP of 685.4 billion USD in the same year. The key industries in the country include the banking and finance are key industries, while tjr Swiss watches and chocolate are well renowned worldwide.

  1. Qatar: GDP – $76,576

Qatar is regarded as the richest country in the Arab region. This country has a population of 2.169 million, and a GDP of 203.2 billion USD. The cornerstones of Qatar’s economy include the petroleum and liquefied natural gas industry.

  1. Norway: GDP – $74,822

This country missed out on the top 3 spot of this list just by a slight margin, Norway which is a Scandinavian country has a population of 5.084 million, and a GDP of 512.6 billion USD. Norway is well known globally for fishing, hiking, and skiing.

  1. United States: GDP – $55,805

Surprised to find the USA on this spot? Well that’s how high they truly are this year 2017. The total population of the USA is 316.5 million, and as a GDP of 16.77 trillion. This top country has abundant natural resources, a well-developed infrastructure, and high productivity.

  1. Singapore: GDP – $52,888

Taking the number 6 spot on this list is Singapore, this country has a population of 5.399 million, and a GDP of 297.9 billion USD. The economy of this country has been ranked as the most open in the world.

  1. Denmark: GDP – $52,114

This is another Scandinavian country on this list, the total population of 5.614 million as of 2013, and a GDP of 335.9 billion USD in 2013. This country also has natural resources, which include oil and gas.

  1. Ireland: GDP – $51,351

The Republic of Ireland takes the number 8 spot on this list and has a population of 4.595 million as recorded in 2013, with a GDP of 232.1 billion USD. The economy of Ireland is a modern knowledge economy, which focused on services and high-tech industries and dependent on trade, industry, and investment.

  1. Australia: GDP – $50,962

This country has done well to improve their economy over the years, as they take the number 9 spot on this list. Australia as a total population of 23.13 million with a 1.56 trillion USD GDP. Australia is well known for its Sydney Opera House, the Great Barrier Reef, and unique animal species.

  1. Iceland: GDP – $50, 855

This Nordic Island nation takes the final spot on this top 10 list. Iceland has a population of 323,002, with an unemployment rate of 4.3$ in 2015.

 Written by : Amina


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