You fool GDP is nothing.
12. United States ($59,500)
According to the IMF, the U.S., which
is home to more than 325 million
people, is in the middle of its longest
economic expansion since 1850. The
2016 IMF report also states that
unemployment rates have remained
low in the U.S. while growth driven by
spending and investment have the
country’s economy.
11. San Marino ($60,360)
The country of nearly 9 million is in
recovery mode as rising employment
rates and domestic and external
demand helped lead to a growth in
San Marino’s GDP after a recession,
the IMF reports.
10. Hong Kong ($61,020)
Hong Kong’s growth rate slowed in
2016, according to the IMF, but it still
stands as one of the richest countries
in the world. A reduction in global
trade and tourism from mainland
China led to lower growth last year,
the IMF said, but spending is expected
to lead Hong Kong’s growth rate to
pick up for 2017. The territory has a
population of more than 7 million.
9. Switzerland ($61,360)
The country of 8 million people is
recovering after its central bank lost
$52 billion back in 2015. The IMF
reported that Switzerland growth
reached 1 1/2% in 2016. The country
has also been implementing policies to
help boost its economic recovery.
8. United Arab Emirates
($68,250)
The United Arab Emirates stands as
one of the richest countries in the
world, with an economy pushed by the
oil market, according to the IMF.
Lower oil prices and output led to a
lack of growth for the country in 2016,
according to the IMF, however, non-oil
growth in the UAE, which has a
population of just over 10 million, is
expected to rise in 2017.
7. Kuwait ($69,670)
Kuwait, a country of more than 4
million people, bucked the trend of
other oil-driven economies faced
slower growth in 2016 because to a
drop in oil prices and production,
according to the IMF, largely because
Kuwait saw growth in non-oil areas.
And that non-oil growth is expected to
continue growing, the IMF said.
6. Norway ($70,590)
The Scandinavian nation with over 5
million residents sits just outside of
the top five richest countries in the
world per capita. According to the
IMF, the country was negatively
affected by the the lower oil price over
the last couple of years. Norway also
saw its growth fall to its lowest since
2008 and 2009’s economic downturn,
although the country was also able to
lower its unemployment rate after its
peak last summer.
5. Ireland ($72,630)
Ireland stands as a country with one
of the highest growth rates in Europe
helping it round out the top five
richest countries in the world.
Spending, investment and
construction drove GDP growth in
Ireland in 2016, the IMF reports.
4. Brunei ($76,740)
While Brunei’s GDP growth declined
in 2016, the country actually faired
better than expected, according to the
IMF. The wealthy country, which is
made up of just over 400,000 people,
has seen success in adjusting to
downturns in the oil market, despite it
being a main export of Brunei. Nearly
90% of Brunei’s revenue came from
oil and gas, in 2014 the latest figure
from the IMF.
3. Singapore ($90,530)
Singapore remains one of the world’s
richest countries and saw its real GDP
grow by 2.7% year-on-year in the first
quarter of 2017, the IMF reported. The
city-state with a population of 5.6
million has been continuously
growing since last year as the global
electronics trades has rebounded. On
a broader scale, IMF notes that
Singapore’s economic growth has been
limited mainly to its expert-oriented
fields.
2. Luxembourg ($109,190)
Luxembourg, with a population of
close to 600,000 ranks as the world’s
second-richest country. The country
possesses a strong workforce and its
2016 growth exceeded the European
Union’s overall growth. However, the
IMF notes that changing a changing
landscape from Brexit and policy
changes coming for the U.S. can create
market instability.
1. Qatar ($124,930)
The small Middle Eastern country
often ranks as one of the richest
countries in the world per capita.
Qatar’s population is approximately
2.27 million, giving it a total GDP of
approximately $124,930 per person
and making it the richest country in
world as of 2017, according to the
IMF. The country has grown despite
facing lower prices for hydrocarbon, a
major revenue source for Qatar, which
is used for fuel. Qatar’s GDP growth is
expected to continue through 2017.
Bonus : China GDP 8,123.18 USD
(2016)
WHO is wealthier? 1. Qatar? 2. USA? 3. China? What's the relationship between their GDPs