Here Are The Top 10 Richest Countries In The World 2021

By Getrude Mathayo / Published August 31, 2021 | 7:18 am




KEY POINTS

The European country of Luxembourg has been classified and defined as the wealthiest country in the world. The findings are based on the gross domestic product values of the countries.


Diamond

We all heard this saying that money can’t buy happiness. But the fact is having possession of a good amount of money can indeed give you a sense of happiness.

Having less money can results in numerous negative feelings because everything in the world costs money that is why a lot of us want to live in a country that is rich and gives more earning opportunities.

People are quick to retort with the notion that you cannot buy experiences or memories, but the truth of the matter is that you need to have a source of finances in order to go anywhere and experience new cultures, places, or any other travel-related endeavor whatsoever.

You can create memories doing things that don’t require money. Still, the options are painfully limited, and you can only make the same memory of hanging out in your backyard before it becomes dull and not worth storing in your long-term memory.

The ranking of the richest countries in the world are usually based on the country’s gross domestic products. This is because GDP is the value of all final goods and services produced in a country during one year.

  1. Luxembourg

The European country of Luxembourg has been classified and defined as the wealthiest country in the world. The findings are based on the gross domestic product values of the countries. You can visit Luxembourg for its castles and beautiful countryside, its cultural festivals or gastronomic specialties

  1. Norway

This is also one of the richest countries in Europe. Its economy is fueled by oil and it is the largest oil-producing nation in Western Europe.

The GDP of Norway ranks as the second-largest in the world. Back in 2017, Norway’s GDP registered as 74,571 USD. In 2019, the country experienced a high jump to a GDP value of 86,362 USD.

  1. Switzerland

This is another European country that is amazingly rich. It is one of those countries that are known for its invention. The GDP of Switzerland is currently 83,833 USD. This is much higher than the GDP of Switzerland in 2017, which was registered as being 80,069 USD.

  1. Ireland

The economy of Ireland is one of the fastest-growing economies in Europe. A nation of fewer than 5 million inhabitants, Ireland was one of the hardest hits by the 2008 financial crisis.

The GDP of Ireland is 81,477 USD. Compared to the country’s GDP in 2017, the current Irish GDP is nearly 11,000 USD greater than it was. For reference, Ireland’s GDP in 2017 was 70,220 USD.

  1. Iceland

This is a Nordic Island nation utterly famous for its grammatic landscape with volcanoes, geysers, hot springs,s and lave fields. It is a mixed economy with a high level of free trade and government intervention.

The European country of Iceland has a current GDP of 78,181 USD. Two years prior, the GDP was 73,529 USD.

  1. The United States of America

The United States of America, USA, is among the richest countries in the world. The USA is a home to many tech giants around the world and it attracts huge investments for billionaires around the world.

Between March 2020 and April 2021, according to the Institute for Policy Studies, the collective wealth of American’s 719 billionaires leaped by $1.62 trillion, or 55%, from $2.95 trillion to $4.56 trillion

  1. Denmark

This country enjoys a modern and international competitive services-based economy. Their GDP per capita is around US $ 67,218. It is one of the rare economies that is least affected by the Covid-19 pandemic.

  1. Singapore

When Singapore got its independence in 1965, it was nowhere near the prosperity it has today. Half of its population was illiterate with no natural resources. With sheer hard work and smart policy, the country has come a long way. Its GDP per capita is $62,69

  1. Australia

Australia is a service-based economy that is growing quite smoothly over the past few years. Due to its smaller population and abundance of natural resources, this country enjoys a great standard of living.

  1. Qatar

The oil, gas, and petrochemical reserves of Qatar are huge. At the same time, their population is very small. This country is among the richest country for the last 20 years. The per-capita GDP of a Qatari citizen was over $143,222 in 2014, it was “just” $97,846 a year later, and nowadays it is even lower than that.

Read More: Lang’ata And Westlands Among The Wealthiest Estates In Kenya






More Articles From This Author








Trending Stories










Other Related Articles










SOKO DIRECTORY & FINANCIAL GUIDE



ARCHIVES

2023
  • January 2023 (182)
  • February 2023 (203)
  • March 2023 (322)
  • April 2023 (298)
  • May 2023 (268)
  • June 2023 (214)
  • July 2023 (212)
  • August 2023 (257)
  • September 2023 (237)
  • October 2023 (266)
  • November 2023 (282)
  • December 2023 (80)
  • 2022
  • January 2022 (293)
  • February 2022 (329)
  • March 2022 (358)
  • April 2022 (292)
  • May 2022 (271)
  • June 2022 (232)
  • July 2022 (278)
  • August 2022 (253)
  • September 2022 (246)
  • October 2022 (196)
  • November 2022 (232)
  • December 2022 (167)
  • 2021
  • January 2021 (182)
  • February 2021 (227)
  • March 2021 (325)
  • April 2021 (259)
  • May 2021 (285)
  • June 2021 (272)
  • July 2021 (277)
  • August 2021 (232)
  • September 2021 (271)
  • October 2021 (305)
  • November 2021 (364)
  • December 2021 (249)
  • 2020
  • January 2020 (272)
  • February 2020 (310)
  • March 2020 (390)
  • April 2020 (321)
  • May 2020 (335)
  • June 2020 (327)
  • July 2020 (333)
  • August 2020 (276)
  • September 2020 (214)
  • October 2020 (233)
  • November 2020 (242)
  • December 2020 (187)
  • 2019
  • January 2019 (251)
  • February 2019 (215)
  • March 2019 (283)
  • April 2019 (254)
  • May 2019 (269)
  • June 2019 (249)
  • July 2019 (335)
  • August 2019 (293)
  • September 2019 (306)
  • October 2019 (313)
  • November 2019 (362)
  • December 2019 (318)
  • 2018
  • January 2018 (291)
  • February 2018 (213)
  • March 2018 (275)
  • April 2018 (223)
  • May 2018 (235)
  • June 2018 (176)
  • July 2018 (256)
  • August 2018 (247)
  • September 2018 (255)
  • October 2018 (282)
  • November 2018 (282)
  • December 2018 (184)
  • 2017
  • January 2017 (183)
  • February 2017 (194)
  • March 2017 (207)
  • April 2017 (104)
  • May 2017 (169)
  • June 2017 (205)
  • July 2017 (189)
  • August 2017 (195)
  • September 2017 (186)
  • October 2017 (235)
  • November 2017 (253)
  • December 2017 (266)
  • 2016
  • January 2016 (164)
  • February 2016 (165)
  • March 2016 (189)
  • April 2016 (143)
  • May 2016 (245)
  • June 2016 (182)
  • July 2016 (271)
  • August 2016 (247)
  • September 2016 (233)
  • October 2016 (191)
  • November 2016 (243)
  • December 2016 (153)
  • 2015
  • January 2015 (1)
  • February 2015 (4)
  • March 2015 (164)
  • April 2015 (107)
  • May 2015 (116)
  • June 2015 (119)
  • July 2015 (145)
  • August 2015 (157)
  • September 2015 (186)
  • October 2015 (169)
  • November 2015 (173)
  • December 2015 (205)
  • 2014
  • March 2014 (2)
  • 2013
  • March 2013 (10)
  • June 2013 (1)
  • 2012
  • March 2012 (7)
  • April 2012 (15)
  • May 2012 (1)
  • July 2012 (1)
  • August 2012 (4)
  • October 2012 (2)
  • November 2012 (2)
  • December 2012 (1)
  • 2011
    2010
    2009
    2008
    2007
    2006
    2005
    2004
    2003
    2002
    2001
    2000
    1999
    1998
    1997
    1996
    1995
    1994
    1993
    1992
    1991
    1990
    1989
    1988
    1987
    1986
    1985
    1984
    1983
    1982
    1981
    1980
    1979
    1978
    1977
    1976
    1975
    1974
    1973
    1972
    1971
    1970
    1969
    1968
    1967
    1966
    1965
    1964
    1963
    1962
    1961
    1960
    1959
    1958
    1957
    1956
    1955
    1954
    1953
    1952
    1951
    1950