A list of the 13
richest populated nations, countries, kingdoms and principalities on the
planet in 2016. The countries with the highest GDP per capita (PPP). This 13 richest countries by gross
domestic product (at purchasing power parity) per capita. Using the
purchasing power parity (PPP) value of all final goods to show true
value of dollar within a country in a given year. Oil nations continue
to dominate the list in 2017 as they did in 2016.
13 – Austria - $50,07 GDP (PPP) per capita
The
alpine nation has a population of about 8.7 million people with a
healthy per capita income of $50,078, which is about four times higher
than the per capita income for the average person globally. Its robust
service sector and its proximity to Germany provide a ready market for
its steel, iron and agricultural products. The Capital city, Vienna is
the fifth richest metropolis in Europe behind Hamburg, London, Luxembourg, and Brussels.
12 – Netherlands - $50,898 GDP (PPP) per capita
With 16.8 million people, and a per capita GDP of $50,898 the Dutch are
more than just a tulip country. Its success comes from three key
sectors: mining, agriculture, and manufacturing. Many people do not know
that the Netherlands is actually a kingdom of four countries: Aruba, Curaçao, the Netherlands and Sint Maarten but the Netherlands makes up 98% of the total land area in the Kingdom.
11 – Saudi Arabia - $54,431 GDP (PPP) per capita
Saudi
Arabia is one of many oil-based economies with strong government
control over major economic activities that enjoy high GDP. Its GDP
(PPP) per capita is $54,43`. Saudi Arabia possesses 18% of the world's
proven petroleum reserves and ranks as the largest exporter of
petroleum. It played a leading role in OPEC for many years.The petroleum
sector accounts for almost all of Saudi government revenues and export
earnings. Despite possessing the largest petroleum reserves in the
world, its per capita income is much smaller than of that of smaller
Persian Gulf neighbors.
10 – The United States - $57,467 GDP (PPP) per capita
While
most nations on the list have small populations (relatively), it is
impressive that the world's largest economy, the United States, can
maintain a per capita GDP (PPP) of $57,467, considering its population
of over 310 million people. Reasons behind its success include its large
domestic automotive industry, technological sector that foster
innovation, and a system of democracy that protects entrepreneurial and
intellectual property rights.
9 – Switzerland - $62,882 GDP (PPP) per capita
The GDP (PPP) per Swiss citizen is $62,882. Swiss banking and
financial institutions keep this country and its economy afloat. It is
important to note that some of the wealthiest people and companies in
the world own Swiss bank accounts and therefore Switzerland has excess
capital to use for investment purposes. Zurich and Geneva, Switzerland's
most well-known cities, have consistently ranked among among the top
ten worldwide in terms of standards of living.
8 – Norway - $59,302 GDP (PPP) per capita
This
Nordic nation's per capita GDP of $59,302 allows its 4.97 million
people to reap the benefits of a small yet robust economy. Driven by
fishing, natural resources, and major petroleum exploration, Norway
is the eighth largest exporter of crude oil, 9th largest exporter of
refined oil, and 3rd largest exporter of natural gas in the world.
7 – Ireland - $68,883 GDP (PPP) per capita
The
Emerald Isle has a per capita income of about $68,883 with a population
of about 4.8 million people. The main industries that boost its economy
are textiles, mining, and food proctuon - staple products in any
economy. In OECD (Organization of Economic Cooperation and Development) rankings, Ireland actually places 4th overall.
6 – The United Arab Emirates - $72,419 GDP (PPP) per capita
This
Middle Eastern federation of emirates has a land area of about 32,278
sq. miles, which means it could easily fit within New York State (54,556
sq. miles). With a population of 9.2 million people, it's a bit more
populated than the state of New Jersey. A third of the $72,419 per
capita economy comes from oil revenues, while the service sector and
telecommunications also contribute significantly. The UAE is the second
largest economy in the Arab world after Saudi Arabia.
5 – Kuwait - $73,817 GDP (PPP) per capita
Kuwait
is a small, relatively open economy and its citizens enjoy a per capita
GDP (PPP) of $73,817. The highest-valued currency unit in the world
currently is the The Kuwaiti dinar. With nearly 10% of the world's oil
reserves, petroleum accounts for nearly half of GDP and 95% of export
revenues and government income. In recent years, Kuwait has done little
to diversify its economy due to positive fiscal situation.
4 – Brunei - $77,441 GDP (PPP) per capita
Brunei,
a small country with a wealthy economy that is a mixture of foreign and
domestic entrepreneurship, government regulation and welfare measures,
and village tradition has led to GDP per capita (PPP) of $77,441. It is
almost completely supported by exports of crude oil and natural gas.
Like other oil countries in the list the government has shown progress
in diversifying the economy away from just oil and gas.
3 – Singapore - $87,856 GDP (PPP) per capita
This
tiny city-state has moved up from 5th position to take 3rd with per
capita income (PPP) of $87,856, which is five times the average per
capita income for an ordinary individual in the world. The basis of Singapore's
wealth is its financial services sector, a chemical export industry,
and its liberal economic policies that encourage growth and innovation.
Singapore has the second busiest port in the world, exporting $414
billion of goods in 2011 alone.
2 – Luxembourg - $105,882 GDP (PPP) per capita
A symbol of wealth, number two on the list has a per capita GDP (PPP)
of $105,882, which is nine times the world average. The backbone of this
strong economy is its vibrant financial sector, prudent fiscal
policies, and dynamic industrial and steel sectors. Banking in
Luxembourg is the largest sector of its economy with an asset base of
over $1.24 trillion alone.
1 – Qatar - $127,523 GDP (PPP) per capita
Qatar
ranks number one on the list of the top 10 richest nations because of
its high GDP (PPP) per capita of $127,523. Qatar has a well-developed
oil exploration industry where the petroleum industry accounts for 70%
of its government revenue, 60% of its GDP and 85% of its export
earnings. Because of its wealth and economic success, it has been chosen
as the host of the 2022 FIFA World Cup, the first Arab nation to ever
hold this role. However, Qatar is also the most controversial country on
the list for its use of forced labour from nations throughout Asia and
parts of Africa.
The 25 Richest Countries In The World Based On Purchasing Power Parity Of GDP Per Capita
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