Top 10 Richest Countries of the World in 2011

With the independence of South Sudan from Sudan (North Sudan) the no. of countries in the world has increased to 196 but four of these countries are not member of United Nations, so the no. we hear often is 192. Most of us know that United States is the richest country of the world followed by China, Japan and others on the basis of different economic indicators i.e. Nominal GDP, GNI and more. But very few of us know about the richest countries in terms of GDP per Capita i.e. the value of final goods and services produced by the average population of that country, so here is a list of the ten richest countries of the world in terms of GDP per Capita. All these GDP figures are derived using Purchasing Power Parity (PPP) Calculations by the World Bank.

10) Austria

At tenth place, we have Austria with a GDP per Capita of $39,711.  The population of this European country is 8.41 million and it has a social market economy.  The main industries of the country are constructions, food, metals, vehicles, chemicals and tourism and the official currency since 2002 is Euro.

9) Ireland

The ninth richest country in the World with a GDP per Capita of $39,999 is Ireland. This European state with a population of 4.58 million has shifted its focus from agricultural to modern knowledge economy. The main industries of Republic of Island are steel, lead, zinc, silver, aluminium, food, textiles, clothing, computer software and tourism.

8) Netherlands

Netherlands with a GDP per Capita of $42,447 is the eighth wealthiest country of the world. Netherlands which is constituent country of The Kingdom of Netherlands has a population of 16.68 million. Netherlands has an open economy and is known for a very low unemployment rate. The main industries of the country include agriculture, metal, engineering products, electronic machinery, chemicals, petroleum, construction and fishing.

7) Switzerland

The seventh richest country of the world in terms of GDP per Capita is Switzerland, it has $46,424 as GDP per Capita. Switzerland is situated in the Western Europe and has a population of 7.86 million. Switzerland has one of the most stable economies of the world that depends mostly on foreign investment, it is known as safe heaven for the investors. The main industries of Switzerland are tourism, machinery, chemicals, watches and textiles.

6) United States

United States of America is the sixth richest country of the World with a GDP per Capita of  $47,084. It is worth mentioning that United States is also the richest country of the world in terms of total GDP. The main industries of this largest economy and one of the most populated countries of the world are petroleum, steel, motor vehicles, aerospace, telecommunications, chemicals, creative industries, electronics, food processing, consumer goods, lumber, mining, defense, biomedical research and health care services, computers and robotics.

5) Singapore

The fifth wealthiest nation on earth in terms of GDP per Capita is Singapore, with $56,797 of GDP per Capita. Republic of Singapore is a Southeast Asian country made up of 63 islands and has a population of 5.07 million. It has a highly developed state capitalist mixed economy and the main industries of the country include electronics, chemicals, financial services, petroleum refining, rubber products, processed food and beverages, ship repair,  and life sciences.

4) Norway

With a GDP per Capita of $56,920, Norway is fourth richest country of the world. Officially known as Kingdom of Norway, this Scandinavian country has a population of 4.97 million.  Norway has a highly developed mixed economy with state owning different strategic areas of the economy. The main industries of the country are petroleum and natural gas, food processing, shipbuilding, metals, chemicals, timber, mining, textiles and fishing.

3) United Arab Emirates

United Arab Emirates is the third richest country with a GPD per Capita of $57,744. United Arab Emirates that is more known by its abbreviation UAE has a population of 8.26 million. It is a country with a highly diversified developed economy and Dubai, one of the seven emirates of UAE has emerged as the financial capital of Middle East. The main industries of the country include Petroleum and Petrochemicals, Fishing, Aluminum, Cement, Fertilizers, Tourism, Handicrafts and Textiles.

2) Luxembourg

The second richest country of the world with a GDP per Capita of $89,562 is Luxembourg. Officially known as Grand Duchy of Luxembourg, this small landlocked country has a population of 0.51 million, that is a little more than half of population of San Francisco. It has a diversified industrialized and the main industries of the country are banking and financial services, iron and steel, information technology, telecommunications, tires, glass, aluminum and tourism.

1) Qatar

Qatar with a GDP per Capita of $91,379 is the richest country of the world. The Middle Eastern country that will host the 2022 FIFA World Cup has a population of 1.69 million. The economy of the country is largely dependent on Petroleum that accounts for more than 60% of the GDP of country. The main industries of this highest ranked country in terms of GDP per Capita are Crude Oil Production and Refining, Ammonia, Fertilizers, Petrochemicals and Cement.

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