The richest countries in the world can be measured by GDP per capita. Qatar, Luxembourg, Singapore, and Brunei all top the list of the world's wealthiest places.
3. Singapore - $103,720 : This tiny city-state has moved up from 5th position to take 3rd with per capita income (PPP) of $103,720, which is five times the average per capita income for an ordinary individual in the world. The basis of Singapore's wealth is its financial services sector, a chemical export industry, and its liberal economic policies that encourage growth and innovation. Singapore has the second busiest port in the world, exporting $414 billion of goods in 2011 alone.
2. Luxembourg - 108,810 : A symbol of wealth, Luxembourg takes second place with a per capita GDP (PPP) of $108,810. This is nine times the world average. The backbone of this strong economy is its vibrant financial sector, prudent fiscal policies, and dynamic industrial and steel sectors. Banking in Luxembourg is the largest sector of its economy with an asset base of over $1.24 trillion alone.
1. Qatar - $134,620 : Qatar is the richest country in the world with a per capita income of $134,620. Qatar has a well-developed oil exploration industry where the petroleum industry accounts for 70% of its government revenue, 60% of its GDP and 85% of its export earnings. Although the size of Qatar's GDP is barely within the top 50 largest in the world, the country's relatively low population of two million results in a large GDP per capita, where most residents of the country enjoy a very high standard of living.
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