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Top 5 Richest Country in the World


Top 5 Richest Country in the World: Hello, Everyone Today I am going to share some interesting facts on The Top Five World Richest Country. The GDP is defined as the value for all the final goods and the services produced within a nation in a given year which then converted at the market exchange rates to the current US dollars, divided by the average of the mid-year population for the same year. So, to determine the amount of GDP for the richest countries in the World, you have to use the data for the last year. And here is The Top Five Richest countries in the world.

Top 5 Richest Country in the World

1. United States

The Unites States of the America is a country of 50 states which is covering a vast swath of the North America with the Alaska in the northwest and the Hawaii extending the nation’s presence into the Pacific Ocean. The New York is the major Atlantic Coast City, which is a global finance and the culture center and also the capital Washington, DC. The Midwestern metropolis Chicago is known for its influential architecture and on the west coast Los Angeles, The Hollywood is famed for the filmmaking.

The US total population is nearby 316.5 million on data in the year of 2013, while its GDP is 16.77 trillion and the Gross National Income of 16.99 trillion. The US is the world’s largest national economy in the nominal terms and also the second largest according to the purchasing power parity. The US has the abundant natural resources, a well-developed infrastructure, and the high productivity. It is also the world’s largest producer of oil and the natural gas. And it is also one of the largest trading nations in the world. Likewise, it is one of the world’s largest and the most influential financial markets.

2. Luxembourg

The Luxembourg is a small European country, which is surrounded by Belgium, France and Germany. It is mostly rural, with the dense Ardennes forest and the nature parks in the north, the rocky gorges of the Mullerthal region in the east and the Moselle River valley in the southeast. Its capital, the Luxembourg City is famed for its fortified medieval old town perched on the sheer cliffs.

The Luxembourg’s total population is nearby 543,202 in the year of 2013, with its GDP of 60.13 billion USD in the same year and the unemployment rate of 5.7% in the year of 2015. The economy of the Luxembourg is largely dependent on the banking, steel, and industrial sectors. After so many years, the Luxembourg is now the top and the richest country in the world with the per capita gross domestic product in the world. The Luxembourg in the tourist literature is aptly called the “Green Heart of Europe”, its pastoral land coexists with a highly industrialized and the export-intensive area.

3. Switzerland

The Switzerland is a mountainous Central European country, it is the home to the numerous lakes, villages and the high peaks of the Alps. Its cities contain the old quarters, with the landmarks like Capital Bern’s Zytglogge clock tower and the Lucerne’s wooden chapel bridge. This country is also known for its ski resorts and the hiking trails. The Banking and finance are the key industries, and the Swiss watches and chocolate are the world renowned.

The Switzerland’s total population is nearby 8.081 million in the year of 2013, with the GDP of 685.4 billion USD in the same year and the life expectancy of 82.70 as recorded in the year of 2012. The economy of the Switzerland is one of the world’s stable economies. Its policy of long-term monetary security and the political stability has made the Switzerland a haven for the investors, creating an economy that is increasingly dependent on a steady tide of the foreign investment. Because of the country’s small size and the high labor specialization, the industry and trade are the keys to the Switzerland’s economic livelihood.

4. Qatar

The Qatar is a peninsula Arab country whose terrain comprises the arid desert and a long Persian (Arab) Gulf shoreline of the beaches and the dunes. Also on the coast is the capital called Doha, which is known for its futuristic skyscrapers and the other ultramodern architecture inspired by the ancient Islamic design, such as the limestone Museum of the Islamic Art. This museum sits on the city’s Corniche waterfront promenade. The Qatar’s total population is nearby 2.169 million in the year of 2013, with the GDP of 203.2 billion USD in the same year and the life expectancy of 78.45 years on 2012 data. The Petroleum and the liquefied natural gas are the cornerstones of the Qatar’s economy and also the account for more than 70% of the total government revenue. The Qatar is now the richest country in the world.

5. Iceland

The Iceland is a Nordic Island nation, which is popular in its dramatic landscape with the volcanoes, geysers, hot springs and the lava fields. As of the year 2013, the total population of the Iceland is nearby 323,002, with an unemployment rate of the 4.3$ in the year of 2015 and the life expectancy of 82.92 years in the year of 2012. The economy of the Iceland is small and subject to high volatility. In the year of 2011, the GDP was US$12.3bn.

However, the financial crisis in the years of 2007 to 2010 which produced a decline in the GDP and the employment, although the magnitude of this decline remains to be different. Iceland, on the other hand, has a mixed economy with the high levels of the free trade and the government intervention. However, the government consumption is less than the other Nordic countries. The Geothermal power is the primary source of home and also the mechanical energy in Iceland.

So, these are The Top Five World Richest Country. These World’s Richest Countries are determined the amount of the Gross Domestic Product of GDP per capita at nominal values. If any Queries or Questions is persistthen please feel free to comment your view points.