If you live in the United States of America, you’re living in a nation that is amongst the top 10 wealthiest nations in the world. If you’re in the UK, you’re only in the top 35! However, there are some countries that are even wealthier than the USA, such as Singapore, Qatar, and the UAE, with Luxembourg taking the top position as the wealthiest nation on earth! Keep on reading to discover more about these nations and where the wealth comes from!
Just how Rich are the Wealthiest Nations on Earth?
Luxembourg leads the global wealth ranking with a GDP per capita of 151.146 Dollars. On average, a Luxembourger earns 123.000 dollars annually, making it the richest country in the world. The country thrives on banking and industry, which is different from the country in second place. Singapore is the second country on the list, following Luxembourg closely with a GDP per capita of 148.186 dollars. Their wealth is mostly related to low taxes, and strategic policies fuel diverse sectors like manufacturing and biotech.
In Ireland, the wealth is mostly generated by its corporate-friendly environment and tech giants. Their GPD per capita is more than 103.000 dollars! If you’ve ever been to Qatar, you know that it is a tax haven for expats who work in engineering and the construction industry. However, most of the nation’s wealth is generated by the extraction of oil. They’re on the 4th spot in the list with a GDP of a little over 87.000 dollars!
Even though challenges like the global COVID-19 pandemic and geopolitical tensions couldn’t overthrow these countries and their wealth! However, there are other countries that are on the rise to get a spot in the top 10 of the wealthiest nations in the world. For example, a lucrative oil discovery in 2019 has made Guyana a rising star amongst other nations!
Some of the poorest nations on earth
The previous nations have an unbelievable amount of wealth per capita. However, there are also countries that don’t have that luxury! Some of the poorest countries in the world are Congo, Madagascar, and Afghanistan! Congo has a GDP per capita of just 708 dollars, while Madagascar has a GDP per capita of 577 dollars. Afghanistan is currently the poorest nation in the world, with a GDP per capita of just 434 dollars!
