Resource via - https://www.giantbomb.com/profile/scoopify/blog/richest-country-in-the-world/120121/
Any country that is economically advanced and developed with large industrial sectors, service sectors, high levels of gross domestic product, gross national product, income per head, advanced technologies, infrastructure and general standard of living in comparison to other nations is said to be richest country in the world. The IMF ranks the countries according to their GDP based on purchasing power parity (PPP) per capita. Among 200 nations many are richest who generates billions and trillions of revenue each year so let’s take a look at the richest countries of the world and what are their wealth and fortunes.
These are the five richest countries in the world with their net worth.
5. IRELAND: ($72.630)
4. BRUNEI: ($76,740)
3. SINGAPORE: ($ 90,530)
2. LUXEMBOURG: ($109,190)
1. QATAR: ($124,930)
As per the rankings for richest country in the world it’s sure that Qatar is the richest country in the world.
QATAR: $124,930
Qatar is the small Middle Eastern state which borders the Saudi Arabia. Since the oil boom in 1970, Qatar attracted many male migrants for work from South Asia.It’s a home for 2.7 million of residents and the fact is that around 88% of population is of foreign migrants.
Qataris one of the world’slargest reserves for oil and natural gas its resources are its runningand developed economic wheels. It’s the main source for generating revenues, the rich statespend its income on infrastructural growth and spends on construction of ports, highways airways, hospitals, universities and tall skyscrapers.Thepopular companies such as Qatar airways, Al- Jazeera newspaperand the Qatar investment authority owns stakes in Volkswagen , Porsche and more.
Qatar won the bid and will be hosting FIFA world cup, 2022 in November -December and it would be the first Middle Eastern country to do so but the country booming with advanced economy is facing criticism from human Rights group for allegations regarding abusive treatment of migrant workers involved in world cup 2022 costruction.
Qatar is an absolute monarchy headed by Emir, who is the executive head of the state and commander in chief of armed forces. Emir of the state believes that people are the source of power, he has full control overall the offices and appointscouncil members and executive officials directly. According to the national constitution established in 2005Qatar is an independent sovereign Arab state with a democratic political system.
