Here is a post which is going to give you the list of the top 10 richest countries in the world for the year 2018. So if you have been in search for the top 10 richest countries in the world at the moment, then I can rightly say that your search ends here.
How this list of the top 10 richest countries in the world for the year 2018 was compiled
Many people might be wondering that how is the list of the richest countries in the world determined. Well to understand how we have gone about curating this list, then you might need to know what GDP means. Cause this is the basis on which this top 10 list was ordered.
GDP is an acronym for Gross Domestic Product, this is the total value of goods produced and services provided in a country during a one year period.
Now that we have sorted that out let’s go straight into the full list of the top 10 richest countries in the world…
Here we go
10. Iceland: GDP – $50, 855
This Island nation takes the number 10 spot on this fabinfos top 10 list. Iceland has a population of 323,002, with an unemployment rate of 4.3$ in 2015.
9. Australia: GDP – $50,962
This country has done well to improve their economy over the years, as they take the number 9 spot on this list. Australia has a total population of 23.13 million with a 1.56 trillion USD GDP.
8. Ireland: GDP – $51,351
Ireland takes the number 8 spot on this list and has a population of 4.595 million as recorded in 2013, with a GDP of 232.1 billion USD. The economy of this country is a modern knowledge economy, which focused on services and high-tech industries, investment, and dependent on trade, industry.
7. Denmark: GDP – $52,114
This a Scandinavian country on this list, the total population of 5.614 million as of 2013, and a GDP of 335.9 billion USD in 2013. This country economy is really strong and they have some natural resources, which include oil and gas.
6. Singapore: GDP – $52,888
Taking the number 6 spot on this fabinfos list is Singapore, this country has a population of 5.399 million, and a GDP of 297.9 billion USD. Singapores economy has been ranked as the most open in the world.
5. United States: GDP – $55,805
I know you might be a bit surprised to find the USA on this spot, but that is how they stand for now. The total population of the USA is 316.5 million, and as a GDP of 16.77 trillion. This top country has abundant natural resources, a well-developed infrastructure, and high productivity.
4. Norway: GDP – $74,822
This country missed out on the top 3 spot of this list just by a slight margin, Norway which is a Scandinavian country has a population of 5.084 million, and a GDP of 512.6 billion USD. Norway is well known globally for fishing, hiking, and skiing.
3. Qatar: GDP – $76,576
Qatar is regarded as the richest country in the Arab region. This country has a population of 2.169 million, and a GDP of 203.2 billion USD. The cornerstones of Qatar’s economy include the petroleum and liquefied natural gas industry.
2. Switzerland: GDP – $80, 675
Taking the number two spot on this list is Switzerland, which is not also a large country.The country has a total population of 8.081 million as at 2013, and a GDP of 685.4 billion USD in the same year. The key industries in the country include the banking and finance are key industries, while tjr Swiss watches and chocolate are well renowned worldwide.
1. Luxembourg: GDP – $101,994
Before you opened this post, I bet you must have been expecting some of the world powers to take this spot. Luxembourg has the highest GDP in the world today, so they sit conveniently on the number one spot of this list. This country has a total population of 543,202 as at 2013, and a GDP of 60.13 billion USD in the same year. Luxembourg’s economy is largely dependent on the steel, banking, and industrial sectors.
There you have it on this recently updated fabinfos list, before we put a close to this article, lets briefly give you the breakdown of this list
List of the top 10 richest countries in the world 2018
- Luxembourg: GDP – $101,994
- Switzerland: GDP – $80, 675
- Qatar: GDP – $76,576
- Norway: GDP – $74,822
- United States: GDP – $55,805
- Singapore: GDP – $52,888
- Denmark: GDP – $52,114
- Ireland: GDP – $51,351
- Australia: GDP – $50,962
- Iceland: GDP – $50, 855
That put a close to this article, I hope you found this helpful.