Top 5 Richest Countries in the World

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Top 5 Richest Countries in the World. Some of these rich countries in the top 5 will suprise you but they all earned their spots because they are simply the richest in the world today

This list is based on Gross Domestic Product Based on Purchasing-Power-Parity Per Capita.

5. Brunei Darussalam - $53,431

Brunei Darussalam is better known as just Brunei. This small nation in the south-east region of Asia is located off the north coast of the island of Borneo. It is extremely wealthy due to its natural resources. Its exports of petroleum and oil make for most of its wealth. In 2011, Brunei was one of the two countries which had 0% public debt.

4. Norway - $54,947

It is believed that the government in Norway has designed such a good social welfare system, that it has given rise to a society where every individual is duly paid if he/she does their bit of work with perseverance. Norway also has extensive petroleum, lumber, mining and fisheries reserves which help the economy.

3. Singapore - $64,584

Singapore is a really small nation state in the south east of Asia. In the recent few years, Singapore has made great developments and changed, and we have seen it slowly become one of the world's richest countries. The government of Singapore has right tapped all the beneficial fields and made sure that Singapore has a place of its own on the world map. The legal structure of Singapore is extremely strict yet one of the best.

2. Luxemburg - $78,670

Luxembourg is a small European country located in between France, Belgium and Germany. The country appears so small on the map that one may actually miss its existence. It is the richest country in Europe and it is the second richest country in the world. It is a rare known fact that Luxembourg has some of the world's biggest and richest iron and steel companies, making it very wealthy. It also provides international banking services to the rest of the world, making sure that there is foreign reserve in the country.

1. Qatar - $98,814

Qatar is a comparatively small nation located in the Middle East region of Asia. Qatar was previously known for pearl-mining but then with the discovery of the importance of oil, Qatar got lucky with its numerous oil, natural gas and petroleum reserves. Its competitively open trade policies with the US have made Qatar the wealthiest nation in the world. The country charges no income tax to its citizens and other taxes are also very minimal!

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