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Top 10 Richest Countries in the World 2020

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Top 10 Richest Countries in the World 2020

There are over 190 countries in the world. All these are governed either by others or by themselves. All of these countries have one source of wealth or the other.

The gain their wealth from their various endowments ranging from their natural resources or mineral resources. A country’s wealth is measured by its Gross Domestic Product (GDP). We are giving you the list of the top 10 richest countries in the world.

richest countries in the world
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Richest Countries In The World

1. Qatar

1st on the list of richest countries in the world is Qatar, with a GDP per capita of about $134,000. This makes its citizens the richest in the world.

Qatar is located in Asia and its main sources of revenue are oil, gas, and petrochemical products. The country also has one of the richest royal families in the world.

2. Macau

Macau has a GDP per capita of about $122,000 and this makes it the 2nd richest country in the world. The Asian country has so many casinos, it’s referred to as Asia’s gambling capital. Its major sources of revenue are casinos and apparel exports.

3. Luxembourg

The 3rd country on the list of the world’s richest countries is Luxembourg. The country has a GDP per capita of around $108,000. Its main economic sectors are banking, tech, and industry. It is also known as one of the countries with the longest-living people.

4. Singapore

Singapore is currently number 4 on the list of the world’s richest countries. The country has a GDP per capita of around $103,717. Singapore is wildly and economically recognized for the financial services there. Last year, it was termed as the best country to live and work abroad.

5. Brunei

This small country has made its way to the 5th spot on this list. Brunei’s GDP per capita is about $83,000. The country’s sultan is the second richest leader in the world. Its wealth is mostly gotten from oil and gas.

6. Ireland

The country has a GDP per capita of about $82,439 and this makes it the 6th richest country in the world. The country’s source of wealth includes brewing, pharmacy, financial services, and tech.

7. Norway

Norway is a country that relies greatly on its natural resources, petroleum, mining, timber and so on. Those are its major industries and its GDP per capita is around $76,000 which makes it number 7 on the list of the top richest countries in the world.

8. United Arab Emirates

The United Arab Emirates, or UAE, is the 8th richest country in the world. The Middle-eastern country has a GDP per capita of around $70,000. The country majorly depends on oil, petrochemicals, tourism, and construction as its source of wealth.

9. Kuwait

Number 9 on the list is Kuwait, which has a GDP per capita of around $67,000. It is also known as one of the most generous countries in the world. The country’s source of income includes oil, food, and financial services.

10. Switzerland

The 10th richest country in the world is currently Switzerland, with a GDP per capita of about $65,000. Its major sources of income are banking, tourism, insurance. The country also exports goods like wristwatches and pharmaceutical products.

Conclusion

The list of top 10 richest countries in the world would leave you stunned as some of the countries, you haven’t even heard before. Your thoughts and comments are valuable to us. Make use of the comments section.

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