Here we have a list of top ten richest countries in the world according to International Monetary Fund (IMF) and World Bank etc. The ranking is based on Gross Domestic Product (GDP) and per capita of a country these calculations are made by different organizations as told before. A study shows that people of richest country have 30 times higher income than people of poorest country so as per criteria we produce a list to top ten richest countries in the world below:
Austria is a German speaking country containing mountain villages in the central Europe and tenth richest country in world. Austria has GDP per capita income of $42,400 and GDP $360 Billion government of Austria got success in controlling oil, steel, gas industries it is the tenth richest country in our top ten list of 2015. There are rare cases of corruption in Austria and it has population of 8.5 million people.
Australia is a continent as well as country surrounded by pacific and Indian oceans its currency is Australian Dollar. Australia stands ninth richest country of world in our list with its GDP $970.7 Billion and GDP per capita $42,600. Australia has two main exports like agriculture and mining this country is a big competitor for many countries in manufacturing goods and service industry the individual tax rate is 45% and corporate tax rate is 30%.
Netherlands is a European country in the northwestern of Europe is famous for its canals, tulip fields and cycling routes its capital is Amsterdam. This country has 16.7 million population and 8th richest country in our list because of its GDP $707 Billion and GDP per capita income $42,192. Netherland has one of the largest ports in the world it is among the richest countries in the world because of its three factors i.e., agriculture, mining and manufacturing industries. People have high standard of living in Netherlands.
Switzerland is a European country with huge range of mountains, lakes, villages and the high peaks of the Alps its capital is Bern and its currency is Swiss franc (CHF). It is the seventh richest country of world in our list because of its GDP $363 Billion and GDP per capita income $45,415. The economy of Switzerland mainly depends upon revenue from chemicals, electronics, metals and pharmaceuticals this country is very vast in investment because there are no restrictions on investments as word’s wealthiest people and companies hold Swiss Bank accounts.
6. United Arab Emirates
United Arab Emirates is an Asian country its capital is Abu Dhabi and its currency is Dirham (AED). This country got sixth rank in top ten richest countries of world because it has GDP $271 Billion and GDP per capita income is $49,010 this country has large amount of oil resources and almost 80% percent of income depends on oil and gas export which put this country in richest countries list 2015. This country has no income and corporate tax at all it is one of leading tourists country with attractive architecture.
5. United States
The U.S. is a country of 50 states covering large part of North America its Capital is Washington D.C and its currency is American Dollar (USD). This country got fifth position in the list of top richest countries of world because it has GDP $15.6 trillion and GDP per capita income is $49,920 and the main point is United States has population of approximately 300 million people and all other countries on our list have small population as compared to United States. Revenue from export goods are the main source of income of this country.
Norway is a European country comprising of mountains, glaciers and deep coastal fjords its capital Oslo and its currency is Norwegian krone. It is fourth richest country of world in our list because it has GDP $2771 Billion and GDP per capita income is $55,006 and it has population of approximately 5 million it has strong economy. Its 77% economy depends on export as it is the 3rd biggest exporter of natural gas, 8th biggest exporter of crude oil and 9th biggest exporter of refined oil all over the world. Seafood, petroleum and minerals are its main source of income.
Singapore is an Asian country its currency is Singapore Dollar (SGD) and it is officially known as Republic of Singapore is third richest country in our list because its has GDP $325 Billion and GDP per capita income is $60,405. Singapore is one of the world’s leading center of commerce its income highly depend on chemical industry and financial sectors it has the second world’s busiest port for export of goods.
Luxembourg is a country in Europe its currency in Euro and it has large resources of oil which make this country the second richest country in our list. This country got this position due to its GDP $42.1 Billion and GDP per capita income is $79,788 this country has 0.5 million population which depends on oil, rubber, steel and chemical industries. It is one of the wealthiest countries in world.