The global economic crisis of 2008 has long passed, but it crippled the global economy and seriously slowed its economic growth. However, some countries did not suffer too much or were able to quickly recover what was lost. Their GDP (gross domestic product) has practically not decreased and after a short period of time has again gone up. Here is a list of the richest countries in the world for 2019, whose wealth has been increasing over the past years. So, the countries of the world where people live the richest.
10. Austria | GDP: $ 39,711
This small and cozy country is located in the Alps, has a population of only 8.5 million people and a GDP per person of $ 39,711. This is about four times higher than the similar average income per person on the planet. Austria has a highly developed services sector, and proximity to wealthy Germany provides steady demand for Austrian steel and agricultural products. The Austrian capital, Vienna ranks fifth in the list of the richest cities in Europe, followed by Hamburg, London, Luxembourg and Brussels.
9. Ireland | GDP: $ 39,999
This Emerald Island is famous not only for incendiary dances and interesting folklore. Ireland has a highly developed economy, with a per capita income of $ 399,999. The country's population for 2018 is 4.8 million people. The most developed and successful sectors of the economy are the textile and mining industries, as well as food production. Among the countries participating in the Organization for Economic Co-operation and Development, Ireland has a fairly honorable fourth place.
8. Holland | GDP: $ 42,447
With a population of 16.8 million people and a gross domestic product per citizen of $ 42,447, the Netherlands holds an honorable eighth place in our list of the richest countries in the world. Such success relies on three pillars: mining, agriculture and manufacturing. Few people have heard that the Tulip Country is a kingdom consisting of four territories: Aruba, Curacao, Sint Martin and the Netherlands proper, but from all the territories, Holland's contribution to the nation’s national GDP is 98%.
7. Switzerland | GDP: $ 46,424
In a country of banks and delicious chocolate, the gross product per citizen is $ 46,424. Swiss banks and the financial sector keep the country's economy afloat. It should be noted that the richest people and companies in the world keep their savings in Swiss banks, and this allows Switzerland to use excess capital for investment. Zurich and Geneva, the two most famous Swiss cities, are almost always on the list of the most attractive cities for living in the world.
6. United States of America | GDP: $ 47,084
Most of the countries on our list have a relatively small population, but the United States is clearly out of this range. The country has the largest national economy in the world and the population of the country exceeds 310 million people. Each of them accounts for $ 47,084 of the national product. The reasons for the success of the United States are liberal legislation that provides high freedom of business, a judicial system based on British law, excellent human potential and rich natural resources. If we talk about the most developed areas of the US economy, it should be noted engineering, high technology, mining and many others.
5. Singapore | GDP: $ 56,797
It is a tiny city-state in Southeast Asia, but that did not stop Singapore from having one of the highest per capita gross domestic product in the world in 2019. For every citizen of Singapore, $ 56,797 is a national product, which is five times more than the global average. The basis of Singapore's wealth is the banking sector, the oil refining and chemical industries. Singapore's economy has a strong export orientation. The country's leadership is striving to make the conditions for doing business the most favorable, and at the moment it is this country that has one of the most liberal laws in the world. Singapore has the world's second largest trading port; in 2018, goods worth a total of $ 414 billion passed through it.
4. Norway | GDP: $ 56,920
This northern country has a population of 4.97 million people and its small but very powerful economy allows Norway to earn $ 56,920 for each of its citizens. The main drivers of the country's economy are fishing, processing industry and mining, mainly oil and natural gas. Norway is the eighth largest exporter of crude oil, the ninth largest exporter of refined petroleum products and the third largest exporter of natural gas on the planet.
3. United Arab Emirates | GDP: $ 57,744
This small country (32,278 sq. Miles), located in the Middle East, can easily fit in New York State (54,556 sq. Miles), while occupying a little more than half of the state. The population of the United Arab Emirates is 9.2 million, which is equal to the population of a small state in the United States, but the UAE is one of the wealthiest countries in the Middle East. The gross income per person living in the country is $ 57,744. The source of such fabulous wealth is common in the Middle East region - it is oil. It is the extraction and export of oil and gas that gives the lion's share of the income of the national economy. In addition to the oil industry, services and telecommunications are also developed. The UAE is the second largest economy in its region, second only to Saudi Arabia.
2. Luxembourg | GDP: $ 89,862
The silver winner of our very honorable list is another European country, or rather, a European city - this is Luxembourg. With no oil or natural gas, Luxembourg can nonetheless provide $ 89,862 in gross domestic income per person. Luxembourg was able to reach such a level and become a real symbol of prosperity even for a prosperous Europe, thanks to a well-thought-out tax and financial policy. The country has a superbly developed financial and banking sector, at a height is the manufacturing and metallurgical industries. Banks located in Luxembourg have assets worth an astronomical amount of 1.24 trillion US dollars.
1. Qatar | GDP: $ 91,379
The first place in our rating is occupied by the tiny Middle Eastern state of Qatar, which was able to achieve this position thanks to the huge natural wealth and skillful use of it. The gross domestic product per citizen in this country is 91379 US dollars (up to a hundred quite a bit). The main sectors of Qatar's economy are oil and natural gas production. The oil and gas sector accounts for 70% of the country's industry, 60% of its revenues and 85% of the foreign exchange earnings that come to the country and make it the richest in the world. Qatar has a very well-thought-out social policy. Thanks to its economic successes, Qatar has also received the right to host the next World Cup.
The richest country in Europe: Germany
The richest country in Asia: Singapore
Africa's Richest Country: Equatorial Guinea
The richest country in South America: Bahamas