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Home / News / World News / Qatar the richest country in the world per capita
  • World

    Qatar the richest country in the world per capita

    Sneha Bengani
    Written by
    Sneha Bengani
    Mail
    Last updated on Nov 18, 2017, 01:59 pm
    Qatar the richest country in the world per capita
    Credits:
  • Based on the per capita income of its people, Qatar has been named the world's richest country.

    Thanks to its rich hydrocarbon reserves and a per capita GDP (gross domestic product) of over Rs. 81 lakh, this small middle-eastern nation features on the top of a recent International Monetary Fund (IMF) report.

    Read on to know more about the standings of other countries.

  • In this article
    Luxembourg at No. 2; India not even in top 100 Singapore at No. 3, Brunei, Ireland follow close Norway, UAE, Switzerland, Kuwait also in top 15 Oil, investments, strong banking systems propel top economies: IMF
  • Rankings

    Luxembourg at No. 2; India not even in top 100

    Luxembourg at No. 2; India not even in top 100
    Credits:
  • Due to its small population and an efficient workforce, the European nation of Luxembourg grabs the second spot with a GDP of Rs. 70 lakh per person.

    With per capita GDP of over Rs. 38 lakh, the United States is at No. 12.

    India, with a GDP of over Rs. 4 lakh per person, is not even in the top 100.

  • Rich economies

    Singapore at No. 3, Brunei, Ireland follow close

    Singapore at No. 3, Brunei, Ireland follow close
  • At No. 3 is Singapore, with a per capita GDP touching Rs. 60 lakh.

    Because of its tiny population (just over 4 lakh), and rich reserves of oil and gas (contributing about 90% in total revenue), Brunei is at No. 4.

    With a GDP of over Rs. 47 lakh, Ireland is at No. 5, thanks to its robust spending, investment and construction sectors.

  • Others

    Norway, UAE, Switzerland, Kuwait also in top 15

    Norway, UAE, Switzerland, Kuwait also in top 15
    Credits:
  • 6. Norway | Rs. 45.8 lakh

    7. Kuwait | Rs. 45.2 lakh

    8. UAE | Rs. 44.3 lakh

    9. Switzerland | Rs. 39.8 lakh

    10. Hong Kong Rs. 39.2 lakh

    11. San Marino | Rs. 39.2 lakh

    12. United States | Rs. 38.6 lakh

    13. Saudi Arabia | Rs. 35.8 lakh

    14. Netherlands | Rs. 34.8 lakh

    15. Iceland | Rs. 33.8 lakh

  • Details

    Oil, investments, strong banking systems propel top economies: IMF

    Oil, investments, strong banking systems propel top economies: IMF
    Credits:
  • According to the report, most highest-ranking countries have either fuel and oil or investment and strong banking systems supporting their claim.

    The IMF has based the rankings on its October 2017 data. The report looks at GDP per capita and purchasing power parity. It also compares currencies with the cost of goods to weigh a country's economy in relation to others.

  • Saudi Arabia
  • Netherlands
  • Kuwait
  • Qatar
  • Hong Kong
  •  
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