If we look at the World Top 10 rich countries according to the total GDP of the country . Maybe some other country will emerge. But in this article, we have to look at the World Top 10 rich countries 2021 according to GDP PPP per capita in the world in 2021 . So first of all what is GDP (Gross Domestic Product), GDP is the term used to calculate the total income of a country. The increase in the total value of goods and services produced in a country within the national boundary is called GDP.
And GDP per capita means the total value of GDP divided by the number of population of that country, and we have to focus on this particular calculation to measure the world top 10 rich countries by 2021.
|1. Luxembourg (GDP per capita: $119,719)
|6. Qatar (GDP per capita: $65,062)
|2. Norway (GDP per capita: $86,362)
|7. United States (GDP per capita: $64,906)
|3. Switzerland (GDP per capita: $83,832)
|8. Denmark (GDP per capita: $63,434)
|4. Ireland (GDP per capita: $81,477)
|9. Singapore (GDP per capita: $62,690)
|5. Iceland (GDP per capita: $78,181)
|10. Australia (GDP per capita: $58,824)
World Top 10 rich countries 2021
Luxembourg is one of the smallest sovereign states in Central Europe which is surrounded by other European countries such as Belgium, Germany and France. The economy of Luxembourg is strong and ranks third among the top 10 richest countries in the world.
Due to the low taxes it was successful in attracting banks from all over the world. The fact that the country has more than 150 banks is one of the reasons for boosting its economy and achieving a GDP growth of $1,19,719 per capita.
Norway is a Scandinavian country primarily recognized for its natural beauty. It is not very prosperous economically, but it has a GDP per capita of US$86,362.
It is a country with natural resources and hence petroleum exploration and fishing industry is contributing to the economy but most of the contribution has come from industrialization. One achievement is that the government provides free healthcare to its people and the unemployment rate is negligible.
Switzerland is a Central European country which is famous as a tourist destination. It has a population of about 8.5 million. It is also home to the world’s international offices such as the second largest office of the United Nations, the FIFA headquarters, and the Bank for International Settlements.
Switzerland is also known as a tax haven country. It is a developed country as well as having the highest nominal wealth per adult and according to some international metrics such as economic competitiveness and human development, Switzerland has the highest ranking in the world.
Ireland is the third largest island country in Europe. Ireland is popular for its lovely tourist places and great writers. Its economy is driven exclusively by trade and investment.
Ireland’s per capita GDP has reached US$81,477 making it the fourth country among our top 10 richest countries in the world in 2021.
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It has the highest standard of living in the world. Ireland is also noted for its chemical industries such as medical, electrical and computer equipment, and as exporters of natural resources such as minerals, timber and fisheries, which are contributing to its economy.
Iceland is a Nordic island country in Europe. Iceland is one of the members of NATO with no standing army. The least populated country with a population of about 3,56,991.
It is a volcanically and geologically active region, and this is why most of Iceland’s electricity comes from renewable sources. Historically, its economy was mostly dependent on the fishing and agriculture industry but after 1994 Iceland diversified the economy into sectors such as biotechnology manufacturing and finance.
Qatar is also one of the Middle Eastern countries blessed with mineral oil. Qatar has vast oil-proven reserves. With a population of only 2.81 million. Qatar has massive oil reserves.
Which accounts for 85% of its exports and contributes up to 70% of the country’s income. Qatar enjoys economic benefits due to surplus revenue from oil. Due to the low population, Qatar relies on ex-pat labor to run its financial motor.
The Qatari government does not require any taxes on Qataris, the gains made by Q’s oil are supplemented for the country’s development.
7. United States
The fourth largest country in the world is located in North America with the United States being the third most populous country. It is a highly developed country in the world.
US The world’s largest military spender and according to the Global Firepower Index, the U.S. Has the largest military and influence around the world.
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Technology has the edge and this is the reason why American tech company business has a worldwide presence, the US economy is driven by its diverse industries such as computer technology, aerospace, medical, military equipment, and this industry makes America a top in the world. creates economy.
In terms of nominal GDP, the US ranks first in the world and ranks seventh in GDP per capita among our top 10 richest countries in the world in 2021.
Denmark is a Nordic country that is one of the happiest countries in the world, it has a population of about 5.84 million as of 2021 and the economy mostly depends on the service sector, with about 80% of all jobs coming from the service sector and others coming from the service sector. There are manufacturing and small amount makes up the agriculture sector.
Singapore is one of the Asian countries of the world. Which was under British control till 1967, when they had nothing. Despite the lack of natural resources as a state, Singapore became a developed nation among other Asian countries.
And this has only happened because of its strong leadership, liberal economic policy and its multicultural society. Today Singapore’s economy is driven by making it an international trade hub. And the financial sector banking, shipbuilding industry and electronics industry are also contributing to the economic growth.
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Singapore has the second highest population density in the world, with approximately 5.612 million people, with a per capita GDP of $62,690.
Australia is the last country in all the top 10 richest countries in the world in 2021. A distinctive feature of the country is the kangaroo, even in the Australian military the animal is featured on their uniforms.
The culture is similar to a European one due to European settlers and their control over time in history. Australia’s economy depends on the service sector, with service sector jobs accounting for about 78.8% of the labor force.
Australia’s GDP per capita is approximately $58,824
Richest country in Asia?
China has emerged as the richest country in Asia in terms of nominal GDP, and Qatar ranks first in Asia in terms of GDP.
Which is the richest continent?
Qatar Peninsula is the richest country in Asia and the world.
which is poorest country?
Haiti is the poorest country in the world.
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