TOP 10 RICHEST COUNTRIES IN THE WORLD 2023
HERE IS A LIST OF TOP 10 RICHEST COUNTRIES IN THE WORLD 2023
1.Ireland
Ireland estimated GDP is $499 billion
Ireland has a Population of 5.03 million. Ireland is one of
the largest corporate tax havens in the world, with multinational companies
(such as Apple, Google, and Microsoft) adding over 50 percent to the Irish
economy in recent years.
2.Luxembourg
Luxembourg has a GDP of $86.7 billion
Luxembourg has a Population of 639 thousand. Luxembourg is
one of the relatively unscathed European countries to come out of the Covid-19
pandemic. The nation is known for using wealth to ensure better living
standards, healthcare, and education for the general population. the country is
one of the biggest tourist destinations in the world, with its idyllic castles,
abundant greenery, and picturesque canals.
3.Singapore
Singapore has a GDP of $397 billion
Singapore has a Population of 5.45 million and one of the
world's biggest hubs for businesses and trading centres. The nation has many
high-net-worth individuals among its population. The economy has taken a few
consecutive hits in recent years, with the pandemic at first.
4.Qatar
Qatar has a GDP of $180 billion
Qatar has a Population of 2.93 million people.Qatar (and
also the UAE) are on this list of the top 10 economies by GDP per capita
ranking for 2023, benefit largely from their reserves of natural resources. For
example, Qatar’s oil and natural gas reserves are significantly huge compared
to its population, contributing to its high ranking among the richest
countries.
Macao SAR has a GDP of $22 billion
Macao SAR has a Population of 695,168 people.Macao SAR is a
special administrative region under China, and its wealth mainly emerges from
its over 40 casinos, which make it one of the biggest travel destinations
around the world. Even though Macao took a tremendous hit during the Covid-19
crisis with travel restrictions and frequent lockdowns, the economy is already
on its way to rapid economic recovery.
United Arab Emirates has a GDP of $359 billion
United Arab Emirates has a Population of 9.99 million
people.The UAE, as mentioned above, benefits greatly from its natural
resources. Only 20 percent of the total population in this region is truly
native, the rest being attracted by economic benefits like tax-free salaries.
Aside from its hydrocarbon sector, tourism, finance, and construction are
lucrative sectors in the UAE.
Switzerland has a GDP
of $813 billion
Switzerland has a Population of 8.70 million.One of the
biggest tourist hotspots globally, Switzerland also has a bustling financial
sector. The country further benefits from exports of precious metals, precision
instruments, and machinery like computers and medical devices. About 74 percent
of the Swiss GDP comes from the services sector and 25 percent from industry,
with less than one percent from the agricultural sector. Switzerland further
has the lowest VAT rate in Europe.
8.Norway
Norway has a GDP of $482 billion
Norway has a Population
of 5.41 million.Norway is again a top petroleum provider in the Western
European territories. The country has made good financial progress after the
economy crashed during the Covid-19 crisis. Further, Norway has a $1.3 trillion
sovereign wealth fund to deal with any crises urgently, which also happens to
be the largest of its kind in the world.
United States has a GDP
of $23.0 trillion
United States has a Population
of 332 million.If you were wondering about GDP per capita US at the beginning,
the country definitely makes it to the list of the top 10 economies by GDP per
capita PPP, albeit at one of the lower ranks. Along with being a dominant
economic entity, America is also powered by its military capacities.
10.San Marino
San Marino has a GDP of $1.86 billion
San Marino has a total Population of 33,900 people2q
San Marino is the oldest republic in Europe and the fifth
smallest on the continent. Income tax rates are meagre here, which contributes
to the wealth held by citizens.
Comments