At Merca2 today we present you some of the richest countries in the world, these countries will surprise you, since some are quite small and will make you wonder what criteria we usually use to reflect on the countries that seem to be the richest but that, in actually they are not.
What then is the factor that defines the wealth of a country when making this list? Well, the most popular index is the Gross Domestic Product. GDP is the sum of the goods and services that are produced in a country throughout the year.
The countries that will appear will be surprising to you since they have been ordered according to the purchasing power parity (PPP) per capita, this means that the GDP has been divided by the estimated population of each state in question, taking into account factors such as the level of inflation and the cost of living in each. Therefore, as you can imagine, you will find below that the richest countries in the world are also smaller and less populous than others.
Before you you have the richest country in the world, leading the ranking with a PPP of $ 128,487. Its economy is based on oil and almost 80% of its income comes from oil exports. However, the country is in the process of diversifying its economy so as not to depend solely on oil production.
In recent years the change in the landscape has been quite drastic, until it became unrecognizable to those who have always lived in Qatar. The country has become very urban, glass and steel buildings occupy what was once a completely flat and empty coast.
Such has been the change that, obviously, has influenced the social and economic life of the inhabitants, each time the family character has been lost as the consumer culture has increased. Qatar is the richest country in the world, but the inhabitants are not happier because of this, in fact, it is also known for the abundance of corruption and the lack of compliance with human rights.
Macao is an autonomous region on the south coast of mainland China, featuring a mix of great cultural influences. It is one of the emerging countries that has grown the most in terms of the economy at present, its PPP is $ 119,009.
It is known as “Las Vegas of Asia” since it has numerous shopping centers and giant casinos dedicated to tourism and gaming, which is what its economy is based on, a fact that is truly paradoxical considering that gambling is prohibited in China.
The high towers such as the 338-meter-high Macao Tower allow you to enjoy truly enviable panoramic views.
Luxembourg is a small country in Europe that borders Belgium, France and Germany. It is a mostly rural country, but this does not prevent Luxembourg from being known for its fiscal policies, these make the richest people in the world decide to deposit their money in their banks.
Luxembourg has a GDP per capita of $ 109,199 and as you can imagine, the banking sector is the most important for the country’s economy. It is the place where the richest people live per square meter and it is obviously the richest country in the entire European continent.
Singapore is a sovereign island country of Asia, made up of sixty-three islands, whose form of government is the parliamentary republic and has a PPP of $ 98,255, which is more or less equivalent to multiplying by 5 the average world PPP. Its economy is based on the export of chemical products.
It is a country that encourages growth and innovation thanks to its liberal policy. In addition, thanks to its exports, it has one of the busiest ports in the world with $ 400 billion in merchandise.
If you ever visit Singapore, you can’t miss the Marina Bay area!
Ireland is the country with the fifth highest number of billionaires per capita in the world. It is the second richest country in Europe, only being surpassed by Luxembourg, which is third in the world ranking.
Ireland has a GDP per capita of $ 77,670. Its economy is quite dynamic and modern, it focuses on trade. Currently, there are about 17 Irish billionaires.
The Irish figures reflect a global trend when it comes to inequality of wealth, as we can also see in the rest of the world’s richest countries.