15 Richest Countries In The World 2022 Update

15 Richest Countries In The World 2022 Update

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15 Richest Countries In The World 2022 Here is the ranking of the 15 richest   countries globally, using their GDP per capita  using Purchasing Power Parity (PPP). PPP is a   popular metric used by macroeconomic analysts that  compare different countries' currencies through   a cost of a "basket of goods" and allows for a  more direct comparison of economic productivity   and living standards between countries. So, buckle up as we bring you 15 Richest   Countries In The World 2022. Before that please subscribe,  

like and turn on that notification buttom and also  leave a comment on your opinion on this video.  15. Germany GDP per capita (PPP): $55,891.2  Germany is one of the richest nations in  the world in terms of GDP per capita and   the excellent living standards of its population.  It is among the greatest exporters in the globe.   Automobiles, chemicals, electronic and  electrical goods, machinery, etc. are   all exported from Germany. The nation boasts  the greatest manufacturing economy in Europe. 

14. Iceland GDP per capita (PPP): $58,512.7  As measured by the nominal GDP in 2007, Iceland is  considered the world's 7th most productive country   and the 5th most effective in terms of PPP. It  is estimated that about 85% of the country's   primary energy supply is met from domestically  produced renewable sources of energy. The use  

of hydroelectric and geothermal power has made  the country the largest per capita electricity   producer in the world. It has also made Iceland  one of the world's top greenest economies.  Iceland's mixed economy primarily depends on  governmental intervention as well as increased   levels of free trade. Tourism, manufacturing,  aluminum smelting, fisheries, agriculture,   etc. are a few of Iceland's key industries.  Iceland had a severe financial crisis in   December 2007 as a result of the failure of  the three main commercial banks in the nation.   As a result, the GDP of the nation  significantly decreased. Nevertheless,  

the Icelandic economy recovered in 2011 because  to a rise in tourism and solid GDP growth.  13. Austria GDP per capita (PPP): $58,649.7  In terms of GDP per capita, Austria is  one of the world's richest countries due   to its highly well-developed social  market and industrialized economy.   In addition to its highly developed industries,  international tourism is also one of the major   contributors to the economy of Austria.  Approximately 66% of the imports and  

exports of Austria come from its trade with  the other member states of the European Union.  12. Netherlands GDP per capita (PPP): $59,469.1  The Netherlands is considered the world's  17th largest economy and one of the world's   highest-earning nations. The prosperous and  open economy of the Netherlands is heavily  

dependent on foreign trade, low unemployment  and inflation rates, stable industries,   and the country's significant role as  the major transportation hub of Europe.   Some of the major industries of the Netherlands  include petroleum refining, food processing,   financial services, electrical machinery,  etc. Among the top exporters in the world,   the Netherlands trades mostly with Germany,  the United Kingdom, France, the United States,   Russia, China, Italy, and Belgium. The  Netherlands' economy was recognized as   the fourth most competitive economy in the world  in a 2018 survey by the World Economic Forum.  11. Denmark GDP per capita (PPP): $60,334.8 

As measured by the nominal GDP, Denmark has  the world's 36th largest national economy and   the 51st largest economy in terms of PPP. In 2020,  Denmark's $58,439 Gross National Income per capita   was considered the world's 7th highest. With more  than 5,822,763 inhabitants living in the country,   the mixed economy of Denmark is rightly supported  by the high standards of living, dependence   on foreign exports and imports, and an improved  level of government services and income transfers.  The World Economic Forum classified  Denmark's economy as the 10th most   competitive in the world and the sixth most  competitive in Europe in its 2018 report.  

Construction, medical and transportation  equipment, food manufacturing, wind turbines,   and other important industries are  just a few that Denmark is home to.   Fish, meat, dairy products, pharmaceuticals,  machinery, crude oil, and other goods are the   principal exports of the nation. In 2018, Denmark  exported 460 million gigajoules of energy.  10. San Marino GDP per capita (PPP): $61,006.8  The stable and prosperous economy of San Marino  is partly owed to its resourceful citizens,   who were able to successfully adapt  and utilize their available resources.   Traditionally, San Marino was a country  of farmers and stone-quarrellers,   producing cheeses and agricultural products,  along with unique trinkets made out of stone.  

Today its hard-working citizens contribute  to the economy by producing ceramics,   tiles, building materials, furniture, clothing,  fabrics, paints, quality spirits, and wines for   export. The export of fruit has also been a  factor in the nation's recent economic growth.  San Marino's resourceful population, who were  able to successfully adapt and maximize their   existing resources, are in part responsible  for the country's stable and thriving economy.   San Marino was formerly a nation of farmers  and stone quarries that produced cheeses,   other agricultural products, and  distinctive souvenirs made of stone.  

These days, the nation's hard-working residents  support the economy by making ceramics,   tiles, furniture, building supplies, paints,  premium spirits, and wines for export.   The recent economic expansion of the country  has also been influenced by the export of fruit.  9. Brunei GDP per capita (PPP): $64,724.1  Having gained independence from Britain  in 1984, the small country of Brunei,   situated in South Asia, quickly grew to become  one of the richest countries in the world.   Its Sultan regulates everything  from the military to the economy,   imposing unique punishing rules and providing  free education and medical care for its citizens.   Brunei has an over 97% literacy rate. Brunei is known as the second happiest  

nation on the continent behind Singapore,  which may be surprising, seeing as the   country's wealth is not equally distributed,  with much of the population living in poverty.   Nevertheless, while the US's public debt in 2018  was 106% of its GDP, it was only 2.4% in Brunei.  The offshore oil drilling business, which  generates economic wealth through export,   is what has made Brunei so wealthy. It is commonly  known that a significant portion of the population   in Brunei owns an automobile, which is more  than the average for the world. Prostitution   frequently goes "unnoticed," even though there  are stringent laws against it. Even the Sultan  

has been the subject of countless sensational  articles for being a "sex-obsessed king." 8. United States GDP per capita (PPP): $65,279.5  With resource-rich land and the biggest economy  in the world, the United States has a strong   purchasing power. It supplies its energy and  can export its oil and gas for profit, and the   size of its economy and the high rate of real  GDP growth goes unmatched by any other country.  

As a relatively deregulated market economy  with a decentralized political system, there   are virtually no state-owned enterprises, and the  legal system protects the liability of investors.   Although such stats attract talented people  worldwide to take a shot at earning a fortune,   it remains one of the top countries  where wealth is not shared equally.  In America, entrepreneurship is promoted from  a young age and is backed by academic curricula   and research organizations. In addition,  a sophisticated financial structure that   promotes entrepreneurial operations has taken the  position of equity financing. However, the public  

debt is now $27,000 billion, which is $3,000  billion more than it was before to COVID-19.  7. Norway GDP per capita (PPP): $67,978.7  Norway is known to have the highest standard  of living on Earth and rank top on the human   development index with its advanced education  systems, distinct social security system,   and universal health care. Its raw oil and  gas resources exports lead the economy,   while abundant reserves  guarantee future prosperity,   including seafood, hydro-power, lumber,  minerals, natural gas, and freshwater.   Petroleum is another export that has been  bringing Norway riches since the 1970s. 

While parents make sure that children understand  the value of production at school from an early   age, the government invests in providing  free education for its citizens. In Norway,   staying active at work is a cultural requirement;  without it, people would not enjoy life.   The two primary industries are technology and  telecoms. With unemployment and poverty rates   at 3 and 0.5 percent, respectively, it is  understandable why other countries aspire   to Norway's standard of living. Despite the high  cost of living in Norway, Norwegians don't mind   investing in their country's economy, and their  high incomes allow them to spend lavishly abroad. 

6. United Arab Emirates GDP per capita (PPP): $69,957.6  Back when it was known as the Trucial States, the  pearl industry prevailed in this country from the   1770s until the late 1930s, when pearl-diving  was a hobby turned into a significant source   of income for the people living in the small  villages. Having been able to establish some   of the most luxurious resorts in the world,  Dubai, along with the rest of the country,   has moved on to tourism, which keeps investing  in itself through ongoing growth and popularity. 

After oil was discovered in the late 1950s,  residents of Dubai and Abu Dhabi clashed,   with the latter winning the oil war and  prospering while the former struggled.   While Abu Dhabi prospered, Sheikh Rashid  bin Saeed Al Maktoum, the ruler of Dubai,   never lost faith in the promise of his state.  On 1958, he loaned the state tens of billions   of dollars to invest in its infrastructure, and  by 1960, the state had built its first airport. 

5. Switzerland GDP per capita (PPP): $70,276.6  Considered one of the happiest  and healthiest nations on Earth,   Switzerland is home to German-, French- and  Italian-speaking citizens, living peacefully   and thriving together for over 800 years. Even  with its high cost of living, expensive products,   and services and the Swiss Frank's extremely  high value with a high conversion rate   to other currencies, people stream to engage  with this country through business or tourism.   A stable economy with a fixed currency value,  Switzerland is regarded highly by investors   searching for a safe haven for highly profitable  feats. Attractive tax rates bring in investment,   while international companies seek to  expand their business to Switzerland. 

The inventive Swiss craftily transform raw  materials into high-quality products like   their in-demand cheese, chocolate, jewelry, home  furnishings, and accessories. The largest share of   the GDP comes from exports, with equipment and  pharmaceuticals coming in second and diamonds   and precious metals bringing in about $100  billion annually. Millions of tourists are   drawn to Iceland every year by its mountains,  charming cities, and opulent way of life;   the country's highly developed tourism industry  does not scare them away with exorbitant pricing. 

4. Ireland GDP per capita (PPP): $87,212.0  Low corporate taxes continuously attract  numerous multi-billion-dollar companies   to relocate and grow their business in Ireland,   contributing to the GDP and the high standard of  living for the people. Although citizens receive   high wages, the income per capita has been  growing much slower than the collective GDP.   Nevertheless, the country's stability and  ongoing wealth gain from tourism, agriculture,   and manufacturing, is coveted by others. Metals and food goods, including beer, computers,  

components, and software, as well as textiles  make up the majority of the nation's exports.   Ireland also relies heavily on its tertiary  sector, which includes contact centers, law firms,   accountancy firms, customer service  companies, stockbrokers, and restaurants.  3. Qatar GDP per capita (PPP): $93,851.7 

With only a small fishing industry and almost no  schools just fifty years ago, the once-sleeping   peninsula off Saudi Arabia's eastern coast has  become a significant oil-exporting world center   in the last two decades. Qatar first began massive  exports of natural in 1997 to Japan and Spain,   expanding to other countries in the early 2000s.  Fifteen years and 14 natural gas plants later,   its GDP has grown exponentially from $30 billion  to over $200 billion. Qatar has the largest   natural gas reserves globally, following Russia  and Iran, at nearly 900 trillion cubic feet,   earning 60% of its collective GDP. It started producing 46,500 barrels   per day in 1951 after finding oil  in 1939 and natural gas in 1983.   The Royal Family amassed a large portion of the  income, with portions also going to Great Britain,   the country's dominant nation, even though some of  it was utilized to begin modernizing the nation.  

After becoming independent in 1971, Khalifa  bin Hamad overthrew his father and reduced   the allowances given to the Royal Family  while increasing spending on social programs,   housing, healthcare, education, and pensions. The  nation gains large returns through investments in   international companies, banks, even the soccer  team Paris Saint-Germain and London real estate.  2. Singapore GDP per capita (PPP): $101,936.7  Having no natural resources to build its economy  on has not stopped the hard-working and inventive   Singaporeans from turning their country into the  second-richest in the world. Being a central world   hub for global financial services firms drives  the economy. The jobs in manufacturing, services,  

transport engineering, and logistics pay its  citizens well, while electronics, biotechnology,   and chemicals are the country's main exports. Singapore draws millions of tourists each year   by building upscale infrastructure and greatly  growing its tourism industry. An extremely   investor-friendly economic climate with free  trade, an open market, and enticingly low tax   rates was also created by the government, which  attracted foreign companies and business visitors.

1. Luxembourg GDP per capita (PPP): $120,962.2  Known for high-income levels and a low  unemployment rate, Luxembourg is the richest   country in the world. With its inflation rate at  only 1.1%, its wealth is also extremely stable.   According to the World Economic Forum, the  primary factor for Luxembourg's high GDP is   the large number of people working in this  tiny, landlocked nation while residing in   the neighboring western European countries.  The advanced infrastructure and high values  

for the labor market attract investment  and duplicates of the big outside firms.

2022-07-27 10:55

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