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Top 10 Richest Countries in the World 2020 | GDP Per Capita

Автор: Your Personal Finance

Загружено: 2020-05-04

Просмотров: 184

Описание: Top 10 Richest Countries in the World (By GDP Per Capita)



GDP (Gross Domestic Product)
========
GDP is the final value of the goods and services produced within the geographic
boundaries of a country during a specified period of time, normally a year.
GDP growth rate is an important indicator of the economic performance of a country.


LIST :

10. Australia
GDP per capita: $55,957.72
Australian beef is widely known as one of the country’s signature products, but the nation also relies heavily on the mining industry to produce a high GDP per capita that makes it one of the top 10 richest countries. Other contributing industries include industrial and transportation equipment, food processing, chemicals and steel. Top agricultural products in Australia include wheat, barley, sugarcane and fruits.

9. Denmark
GDP per capita: $57,380.20
Denmark has an advanced economy that benefits from many diverse industries. Wind turbines, pharmaceuticals, medical equipment, shipbuilding and refurbishment, iron, steel and nonferrous metals are key contributing industries, but the country also produces chemicals, machinery and transportation equipment, textiles and clothing, electronics, furniture and other products.

8. United States
GDP per capita: $59,895
The United States fits the largest population on the list into the second-largest landmass. It has a highly diversified economy with the second-largest industrial output in the world. The main industries in the U.S. encompass everything from petroleum, motor vehicles and steel to aerospace and telecommunications. Numerous agricultural products, including wheat, corn, fruits, vegetables, dairy and forest products, also serve to boost the country’s GDP.

7. Singapore
GDP per capita: $59,990.06
Tiny Singapore has a diversified economy that benefits from its location at the center of a major shipping route. At just 278 square miles, the country is one of the smallest in the study, but it’s known for a wide variety of things, from electronics, chemicals, financial services, oil drilling equipment and petroleum refining to biomedical products, scientific instruments, processed food and beverages and telecommunication equipment. Befitting its location, Singapore also performs ship repair, offshore platform construction and entrepot trade.

6. Qatar
GDP per capita: $62,826.06
Perhaps surprisingly, the absolute monarchy of Qatar comes in at No. 6 on the list of the top 50 GDPs in the world. While well known as a producer of oil and natural gas, Qatar also gets major contributions to its GDP from the cement, commercial ship repair, ammonia and fertilizer industries.

5. Ireland
GDP per capita: $68,722.58
Ireland is known for its beef, potatoes and dairy products — and its beer — but a well-diversified collection of industries lifts the tiny nation’s GDP into the top five in the world. Pharmaceuticals, chemicals, medical devices and computer hardware and software are all big contributors to Ireland’s economy.

4. Iceland
GDP per capita: $72,389.87
Iceland has seen a tourism boom since 2010, with the growth in annual visitor numbers registering in the double digits every year since. However, more traditional industries, such as fish processing, aluminum smelting, geothermal and hydropower, all pitch in to make Iceland one of the top five economies in the world.

3. Norway
GDP per capita: $75,513.64
Norway is one of the wealthiest countries on Earth, which was proven when it surpassed the $1 trillion mark in its sovereign wealth fund in 2017. Norway gets its economic output from the shipping, fishing, aquaculture, food processing and shipbuilding industries, in addition to petroleum and gas.

2. Switzerland
GDP per capita: $80,642.58
When you think of Switzerland, you might think of banks and watches. This is more than a stereotype, as both of these industries help propel the Swiss economy into the top two globally. Switzerland also produces grains, fruits, vegetables, meat, eggs and dairy products — not to mention chocolate.

1. Luxembourg
GDP per capita: $105,712.98
Luxembourg has by far the largest GDP per capita in the world, with its GDP ranking a staggering 31% above second-place Switzerland. With a landmass of only 998 square miles, there’s plenty of money floating around, which no doubt helped contribute to the nation’s estimated 1.90% population growth in 2018. Banking and financial services play a huge role in Luxembourg’s economy, but to claim the No. 1 spot as the richest country in the world, the constitutional monarchy’s economy is necessarily diversified.



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Source - https://finance.yahoo.com/news/50-ric...
https://www.worldometers.info/world-p...
https://www.worldometers.info/geograp...


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