TOP 20 GDP PER CAPITA RANKING 2017/2018 OF THE WORLD RICHEST COUNTRIES

Being one of the world’s richest countries with the best GDP Per Capita ranking is no joke, this takes lots of time, effort and so much to boost the nation’s economy. The country here listed below took a lot of time to grow their economy. While doing this research some countries we do not expect to top this chart are here, so relax while we trill you with this mind-blowing list. { My plan is to update this post to the top 100 GDP per capita ranking in the world 2017/2018.}

Below is a list of the Top 20 GDP Per Capita ranking 2017/2018 of World richest countries with their Gross Domestic Profit (GDP) per capita

Top 20 GDP  Per Capita Ranking Of The World Richest Countries

GDP Per Capita Ranking 2017/2018

• 1. Qatar

  • $145,894

Following Ottoman rule, Qatar became a British protectorate in the early 20th century until gaining independence in 1971. Qatar has been ruled by the House of Thani since the early 19th century. Sheikh Jassim bin Mohammed Al Thani was the founder of the State of Qatar. Qatar is a hereditary monarchy and its head of state is Emir Sheikh Tamim bin Hamad Al Thani. Whether it should be regarded as a constitution or an absolute monarchy is disputed. In 2003, the constitution was overwhelmingly approved in a referendum, with almost 98% in favor. In early 2017, Qatar’s total population was 2.6 million: 313,000 Qatari citizens and 2.3 million expatriates Qatar is a high-income economy, backed by the world’s third-largest natural-gas reserves and oil reserves. The country has the highest per capita income in the world. Qatar is classified by the UN as a country of very high human development and is widely regarded as the most advanced Arab state for human development. Most recent estimate of its
GDP (PPP ) Per capita is $145,894.

GDP Per Capita Ranking World Richest Countries

• 2. Luxembourg

  • $107,736

Second on our list of GDP Per Capita ranking 2017, Luxembourg, A landlocked country in western Europe. It is bordered by Belgium to the west and north, Germany to the east, and France to the south. it is one of the smallest sovereign states in Europe, about the same size as the US state of Rhode Island or the English county of Northamptonshire. In 2016, Luxembourg had a population of 576,249, which makes it one of the least-populous countries in Europe, Its capital, Luxembourg City , is, together with Brussels and Strasbourg , one of the three official capitals of the European Union and the seat of the European Court of Justice , the highest juridical authority in the EU. Its culture, people, and languages are highly intertwined with its neighbors, making it essentially a mixture of French and Germanic cultures. It has a GDP (PPP ) Per capita of $107,736 making it the second in the world.

• 3. Singapore

  • $90,724

Stamford Raffles founded colonial Singapore in 1819 as a trading post of the East India Company, but after its collapse and the eventual establishment of the British Raj, the islands were ceded to Britain and became part of its Straits Settlements in 1826. During the Second World War, Singapore was occupied by Japan. It gained independence from the UK in 1963 by federating with other former British territories to form Malaysia, but separated two years later over ideological differences, becoming a sovereign nation in 1965. After early years of turbulence and despite lacking natural resources and a hinterland, the nation developed rapidly as an Asian Tiger economy, based on external trade and its workforce. Singapore is a global commerce, finance, and transport hub. Its standings include the most ” technology-ready ” nation (WEF), top International-meetings city (UIA), city with “best investment potential” (BERI), second- most competitive country, third-largest foreign exchange market, third largest financial center, third-largest oil refining and trading centre and the second-busiest container port. The country has also been identified as a tax haven.  It is sometimes referred to as the “Lion City”, “Garden City” or the Little Red Dot “. Its most recent GDP (PPP ) 2017 estimate Per capita is $90,724

• 4. Macau

  • $142,599

A former Portuguese colony, it was returned to Chinese sovereignty on 20 December 1999. It is an autonomous region on the western side of the Pearl River estuary in East Asia and has a population of 650,900 living in an area of 30.5 km 2 (11.8 sq mi), it is the most densely populated region in the world. Macau’s GDP per capita has not been estimated for quite a long time now but as at 2013, its GDP (PPP ) estimate was
Per capita $142,599 which made it the first in the year 2013. But presently it retains its position as the fourth richest country in the world with GDP Per capita

• 5. Brunei

  • $80,000

Fifth on the list of GDP Per Capita ranking of world richest countries, Brunei gained its independence from the United Kingdom on 1 January 1984. Economic growth during the 1990s and 2000s, with the GDP increasing 56% from 1999 to 2008, transformed Brunei into an industrialized country. It has developed wealth from extensive petroleum and natural gas fields. Brunei has the second-highest Human Development Index among the Southeast Asian nations, after Singapore, and is classified as a developed country “. According to the International Monetary Fund IMF), Brunei is ranked fifth in the world by gross domestic product per capita at purchasing power parity. Its GDP (PPP ) 2016 estimate Per capita is $80,000.

• 6. Kuwait

  • $73,017

Kuwait is a country in Western Asia. It is at the northern edge of Eastern Arabia at the tip of the Persian Gulf and it shares borders with Iraq and Saudi Arabia. Kuwait is a constitutional state with a semi-democratic political system. It has a high-income economy backed by the world’s sixth largest oil reserves. The Kuwaiti dinar is the highest valued currency in the world. Its GDP per capita is $73,017.

• 7. Norway

  • $70,665

Norway, a European country is the seventh, among the list of richest countries with high GDP Per Capita ranking 2017. Norway has a total area of 385,252 square kilometers (148,747 sq mi) and a population of 5,258,317 (as of January 2017). Its GDP Per capita is $70,665.

• 8. The Republic of Ireland

  • $72,632

This is a sovereign state in north-western Europe occupying 26 of 32 counties of the island of Ireland. The capital and largest city is Dublin, which is located in the eastern part of the island, and whose metropolitan area is home to around a third of the country’s 4.75 million inhabitants. It is one of the top richest countries in the world with a GDP Per capita of $72,632

• 9. United Arab Emirates (UAE)

  • $72,632

The UAE’s oil reserves are the seventh-largest in the world while its natural gas reserves are the world’s seventeenth-largest. In 2013, the UAE’s population was 9.2 million, of which 1.4 million are Emirati citizens and 7.8 million are expatriates. Islam is the official religion of the UAE and Arabic is the official language (although English, Urdu, and Hindi languages are widely spoken, with English being the language of business and education particularly in Abu Dhabi and Dubai. It has a GDP Per capita of $.68,424

• 10. Switzerland

  • $61,014

The country is located in Central Europe and its GDP Per capita is $61,014

• 11. Republic of San Marino

  • $60,651

San Marino is situated on the Italian Peninsula on the northeastern side of the Apennine Mountains. Its size is just over 61 km 2 (24 sq mi), with a population of 33,562. Its capital is the City of San Marino Its GDP Per capita $60,651.

• 12. The United States of America 

  • $57,220

With over 325 million people, USA is the world’s third- or fourth-largest country by total area and the third-most populous. The capital is Washington, D.C.  Its GDP per capita is $57,220.

• 13. Saudi Arabia

  • $55,229

Saudi Arabia is geographically the fifth-largest state in Asia and second-largest state in the Arab world after Algeria. Saudi Arabia is bordered by Jordan and Iraq to the north, Kuwait to the northeast, Qatar , Bahrain and the United Arab Emirates to the east, Oman to the southeast and Yemen to the south. Saudi Arabia has since become the world’s largest oil producer and exporter, controlling the world’s second-largest oil reserves and the sixth largest gas reserves. Its GDP per capita is $55,229.

• 14. Netherlands

  • $53,139

The Netherlands is the world’s second-largest exporter of food and agricultural products, after the United States. This is partly due to the fertility of the soil and the mild climate. Its GDP per capita is $53,139

• 15. Bahrain

  • $51,956

Bahrain has been famed since antiquity for its pearl fisheries. which were considered the best in the world into the 19th century. Bahrain had the first post-oil economy in the Persian Gulf. Since the late 20th century, Bahrain has invested in the banking and tourism sectors. Many large financial institutions have a presence in Manama, the country’s capital. Bahrain has a high Human Development Index and was recognized by the World Bank as a high-income economy. Its GDP per capita is $51,956.

• 16. Sweden

  • $49,678

Sweden ranks highly in numerous metrics of national performance, including quality of life, health, education, protection of civil liberties, economic competitiveness, equality, prosperity and human development. Its GDP per capita is $49,678.

• 17. Iceland

  • $52,150

Iceland has a market economy with relatively low taxes compared to other OECD countries. It maintains a Nordic social welfare system that provides universal health care and tertiary education for its citizens.  Iceland ranks high in economic, political and social stability and equality. In 2016, it was ranked as the 9th most developed country in the world by the United Nations’ Human Development Index, and ranks first on the Global Peace Index. Its GDP per capita is $52,150.

• 18. Australia

  • $49,882

Australia ranks highly in quality of life, health, education, economic freedom, and
civil liberties and political rights. Australia is a member of the United Nations, G20, Commonwealth of Nations, ANZUS, Organisation for Economic Co-operation and Development (OECD), World Trade Organization, Asia-Pacific Economic Cooperation, and the Pacific Islands Forum. Its GDP per capita is $49,882.

• 19. Germany

  • $50,206

Germany As a global leader in several industrial and technological
sectors, it is both the world’s third-largest exporter and importer of goods. It is a developed country with a very high standard of living sustained by a skilled and productive society. It upholds a social security and universal health care system, environmental protection, and a tuition-free university education. Its GDP Per capita is $50,206

• 20. Taiwan

  • $49,901

Taiwan is ranked highly in terms of freedom of the press, healthcare, public education, economic freedom, and human development.  The country benefits from a highly skilled workforce and is among the most highly educated countries in the world with one of the highest percentages of its citizens holding a tertiary education degree. Its GDP per capita is $49,901.

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Tags: GDP Per Capita Ranking 2018 World Richest Countries