The 10 Richest Countries in the World

By on May 17, 2016

In 2015, Global Finance Magazine ranked the wealthiest countries in the world based upon their GDP per capita. The analysis also included the Purchasing Power Parity which takes into account the cost of living and the inflation rate within the countries in order to compare the living standards. All but the most smallest countries like Andorra and Monaco were included in the study.

1. Qatar

GDP per capita $105,091.42

http://edugeography.com

http://edugeography.com

Qatar is currently considered to be the most advanced Arab state for human development. It has the highest per capita income in the world and is backed by the world’s third largest natural gas and oil reserves. The country is so wealthy that approximately 14% of households are dollar millionaires but it relies heavily on migrant workers to build its economy. Currently 84% of the population are migrant workers.