Which country is richest in the world 2017

Which country is richest in the world 2017


In order to determine the top 10 best richest countries in the world this 2017, you must know first what is Gross Domestic Product of GDP per capita at nominal values. GDP is defined as the value all the final goods and services produced within a nation in a given year which then converted at market exchange rates to current US dollars, divided by the average of mid-year population for the same year. So, to determine the amount of GDP for the richest countries in 2017, you have to use the data for the last year. And here it is, the top 10  richest countries in the world in 2017 according to the International Monetary Fund (IMF).

1/. County of Luxembourg $107,7361

The recorded history of Luxembourg begins with the acquisition of Lucilinburhuc (today Luxembourg Castle) situated on the Bock rock by Siegfried, Count of Ardennes, in 963 through an exchange act with St. Maximin’s Abbey, Trier. Around this fort, a town gradually developed, which became the centre of a state of great strategic value.
Duchy Main article: Duchy of Luxemburg. In the 14th and early 15th centuries, three members of the House of Luxembourg reigned as Holy Roman Emperors. In 1437, the House of Luxembourg suffered a succession crisis, precipitated by the lack of a male heir to assume the throne, which led to the territories being sold by Duchess Elisabeth to Philip the Good of Burgundy.
In the following centuries, Luxembourg’s fortress was steadily enlarged and strengthened by its successive occupants, the Bourbons, Habsburgs, Hohenzollerns and the French.

Which country is richest in the world 2017

  • Area
  • Total 2,586.4 km 2 (998.6 sq mi)
  • Water (%)0.60%
  • Population
  • 01.01.2017 estimate Increase 590,6672001 census 439,539
  • Density 222.8/km 2 (577.0/sq mi) 
  • GDP (PPP) 2017 estimate 
  • Total$63.549 billion
  • Per capita $107,736[4] (2nd)
  • GDP (nominal) 2017 estimate
  • Total$59.997 billion
  • Per capita $101,715

2/. Switzerland $80,837

Switzerland, officially the Swiss Confederation, is a federal republic in Europe. It consists of 26 cantons, and the city of Bern is the seat of the federal authorities. The country is situated in Western-Central Europe, and is bordered by Italy to the south, France to the west, Germany to the north, and Austria and Liechtenstein to the east. Switzerland is a landlocked country geographically divided between the Alps, the Swiss Plateau and the Jura, spanning an area of 41,285 km2 (15,940 sq mi). While the Alps occupy the greater part of the territory, the Swiss population of approximately eight million people is concentrated mostly on the plateau, where the largest cities are to be found: among them are the two global cities and economic centres Zürich and Geneva.

Which country is richest in the world 2017

  • Area
  • Total 41,285 km 2 (15,940 sq mi) 
  • Water (%)4.2
  • Population
  • 2016 estimate Increase 8,401,120
  • 2015 census 8,327,126
  • Density 202/km 2 (523.2/sq mi) 
  • GDP (PPP) 2017 estimate
  • Total$517 billion
  • Per capita$61,360
  • GDP (nominal) 2017 estimate
  • Total$681 billion
  • Per capita $80,837

3/. Qatar $68,940

Qatar is a sovereign country located in Western Asia, occupying the small Qatar Peninsula on the northeastern coast of the Arabian Peninsula. Its sole land border is with Saudi Arabia to the south, with the rest of its territory surrounded by the Persian Gulf. An arm of the Persian Gulf separates Qatar from the nearby island country of Bahrain.
Following Ottoman rule, Qatar became a British protectorate in the early 20th century until gaining independence in 1971. Qatar has been ruled by the House of Thani since the early 19th century. Sheikh Jassim bin Mohammed Al Thani was the founder of the State of Qatar. Qatar is a hereditary monarchy and its head of state is Emir Sheikh Tamim bin Hamad Al Thani. Whether it should be regarded as a constitutional or an absolute monarchy is disputed. In 2003, the constitution was overwhelmingly approved in a referendum, with almost 98% in favour. In early 2017, Qatar’s total population was 2.6 million: 313,000 Qatari citizens and 2.3 million expatriates.

Which country is richest in the world 2017

  • Area
  • Total 11,581 km 2 (4,471 sq mi) 
  • Water (%)0.8
  • Population
  • 2016 estimate 2,675,522 – 2010 census 1,699,435
  • Density 176/km 2 (455.8/sq mi) 
  • GDP (PPP) 2017 estimate
  • Total$404.109 billion
  • Per capita $145,894
  • GDP (nominal) 2015 estimate
  • Total$185.395 billion
  • Per capita $68,940

4/. Norway  $73,450

Norway is a sovereign state and unitary monarchy whose territory comprises the western portion of the Scandinavian Peninsula plus the remote island of Jan Mayen and the archipelago of Svalbard. The Antarctic Peter I Island and the sub-Antarctic Bouvet Island are dependent territories and thus not considered part of the Kingdom. Norway also lays claim to a section of Antarctica known as Queen Maud Land. Until 1814, the kingdom included the Faroe Islands, Greenland, and Iceland. It also included Bohuslän until 1658, Jämtland and Härjedalen until 1645, Shetland and Orkney until 1468, and the Hebrides and Isle of Man until 1266.
Norway has a total area of 385,252 square kilometers (148,747 sq mi) and a population of 5,258,317 (as of January 2017). The country shares a long eastern border with Sweden (1,619 km or 1,006 mi long). Norway is bordered by Finland and Russia to the north-east, and the Skagerrak strait to the south, with Denmark on the other side. Norway has an extensive coastline, facing the North Atlantic Ocean and the Barents Sea.

Which country is richest in the world 2017

  • Area
  • Total 323,802 km 2 (125,021 sq mi)
  • Water (%)5
  • Population
  • 2017 estimate Increase 5,267,146
  • Density 15.8/km 2 (40.9/sq mi)
  • GDP (PPP) 2017 estimate
  • Total$377.1 billion
  • Per capita$70,665
  • GDP (nominal) 2017 estimate
  • Total $391.959 billion
  • Per capita $73,450

5/. United State of America $57,467

The United States of America (USA) is a federal republic composed of 50 states, a federal district, five major self-governing territories, and various possessions. At 3.8 million square miles (9.8 million km2) and with over 325 million people, the United States is the world’s third- or fourth-largest country by total area and the third-most populous. The capital is Washington, D.C., and the largest city by population is New York City. Forty-eight states and the capital’s federal district are contiguous and located in North America between Canada and Mexico. The state of Alaska is in the northwest corner of North America, bordered by Canada to the east and across the Bering Strait from Russia to the west. The state of Hawaii is an archipelago in the mid-Pacific Ocean. The U.S. territories are scattered about the Pacific Ocean and the Caribbean Sea, stretching across nine official time zones. The extremely diverse geography, climate, and wildlife of the United States make it one of the world’s 17 mega-diverse countries.

Which country is richest in the world 2017

  • Area
  • Total area 3,796,742 sq mi (9,833,520 km
  • Water (%)6.97
  • Total land area 3,531,905 sq mi (9,147,590 km)
  • Population
  • 2017 estimate 325,365,189
  • 2010 census 308,745,538
  • Density 90.6/sq mi (35.0/km)
  • GDP (PPP) 2016 estimate
  • Total$18.558 trillion
  • Per capita $57,220
  • GDP (nominal) 2016 estimate
  • Total$18.558 trillion
  • Per capita $57,467

6/. Singapore $55,252 

Singapore is an island country in Southeast Asia and one of the few remaining sovereign city-states in the world. It is sometimes referred to as the “Lion City”, “Garden City” or the “Little Red Dot”. It lies one degree (137 km) north of the equator, at the southern tip of the Malay Peninsula, with Indonesia’s Riau Islands to the south and Malaysia to the north. Singapore’s territory consists of one main island along with 62 other islets. Since independence, extensive land reclamation has increased its total size by 23% (130 km2) and its greening policy has covered the densely populated island with tropical flora, parks and gardens.
Stamford Raffles founded colonial Singapore in 1819 as a trading post of the East India Company; after the latter’s collapse in 1858, the islands were ceded to the British Raj as a crown colony. During the Second World War, Singapore was occupied by Japan. It gained independence from the UK in 1963 by federating with other former British territories to form Malaysia, but separated two years later over ideological differences, becoming a sovereign nation in 1965. After early years of turbulence and despite lacking natural resources and a hinterland, the nation developed rapidly as an Asian Tiger economy, based on external trade and its workforce.

Which country is richest in the world 2017

  • Area
  • Total 719.9 km (278.0 sq mi)
  • Population• 2016 estimate 5,607,300
  • Density 7,797/km (20,194.1/sq mi)
  • GDP (PPP) 2017 estimate
  • Total$508.449 billion
  • Per capita $90,724
  • GDP (nominal) 2017 estimate
  • Total$311.282 billion 
  • Per capita$55,252 

7/. Denmark $56,335

Denmark is a Nordic country and a sovereign state. The southernmost of the Scandinavian nations, it is south-west of Sweden and south of Norway, and bordered to the south by Germany. The Kingdom of Denmark also comprises two autonomous constituent countries in the North Atlantic Ocean: the Faroe Islands and Greenland. Denmark proper consists of a peninsula, Jutland, and an archipelago of 443 named islands, with the largest being Zealand, Funen and the North Jutlandic Island. The islands are characterized by flat, arable land and sandy coasts, low elevation and a temperate climate. Denmark has an area of 42,924 km2 (16,573 sq mi), total area including Greenland and the Faroe Islands is 2,210,579 km2 (853,509 sq mi), and a population of 5.75 million (as of 2017).

Which country is richest in the world 2017

  • Area
  • Denmark 42,931 km2 (16,576 sq mi)
  • Faroe Islands 1,393.4 km2 (537.99 sq mi)•
  • Greenland 2,166,086 km2 (836,330 sq mi)
  • Population
  • January 2017 estimate Increase 5,748,769
  • Faroe Islands 49,884
  • Greenland 55,860
  • Density (Denmark)133.9/km2 (346.8/sq mi)
  • GDP (PPP) 2017 estimate
  • Total$285.468 billion
  • Per capita $49,613
  • GDP (nominal) 2017 estimate
  • Total $324.146 billion
  • Per capita $56,335[7] (6th)

8/. Ireland $ 51,351

Ireland is an island in the North Atlantic. It is separated from Great Britain to its east by the North Channel, the Irish Sea, and St George’s Channel. Ireland is the second-largest island of the British Isles, the third-largest in Europe, and the twentieth-largest on Earth.[6]
Politically, Ireland is divided between the Republic of Ireland (officially named Ireland), which covers five-sixths of the island, and Northern Ireland, which is part of the United Kingdom, in the northeast of the island. In 2011, the population of Ireland was about 6.4 million, ranking it the second-most populous island in Europe after Great Britain. Just under 4.6 million live in the Republic of Ireland and just over 1.8 million live in Northern Ireland.
GDP rises 2% in Ireland in second quarter
– Gross Domestic Product of Ireland grew 1.4% in the second quarter of 2017 compared to the previous quarter. This rate is 49-tenths of one percent higher than the figure of -3.5% published in the first quarter of 2017.
– The year-on-year change in GDP was 5.8%, 2-tenths of one percent more than the 5.6% recorded in the first quarter of 2017.
– The GDP figure in the second quarter of 2017 was $79,967 million, Ireland is number 28 in the ranking of quarterly GDP of the 50 countries that we publish.
– Ireland has a quarterly GDP per capita, of $15,196, $1022 higher than the same quarter last year, it was .
– If we order the countries according to their GDP per capita, Ireland is in 5th position of the 50 countries whose quarterly GDP we publish.

Which country is richest in the world 2017

9/. Australia Country $49,882

The name Australia is a name used for a hypothetical continent in the Southern Hemisphere since ancient times. When Europeans first began visiting and mapping Australia in the 17th century, the name Terra Australia was naturally applied to the new territories. Until the early 19th century, Australia was best known as “New Holland”, a name first applied by the Dutch explorer Abel Tasman in 1644 (as Nieuw-Holland) and subsequently anglicized. Terra Australis still saw occasional usage, such as in scientific texts. The name Australia was popularised by the explorer Matthew Flinders, who said it was “more agreeable to the ear, and an assimilation to the names of the other great portions of the earth”. The first time that Australia appears to have been officially used was in April 1817, in which Governor Lachlan Macquarie acknowledged the receipt of Flinders’ charts of Australia from Lord Bathurst.

Which country is richest in the world 2017

  • Area
    • Total 7,692,024 km2 (2,969,907 sq mi) 
    • Water (%) 0.76
  • Population
    • 2017 estimate 24,713,400[5] (51st)
    • 2016 census 23,401,892[6]
    • Density 3.2/km2 (8.3/sq mi) (236th)
  • GDP (PPP) 2017 estimate
    • Total $1.24 trillion
    • Per capita $49,882
  • GDP (nominal)2017 estimate
    • Total $1.39 trillion
    • Per capita $56,135

10/. Iceland  $50, 855

Iceland is a Nordic island country of Europe located in the North Atlantic Ocean. It has a population of 332,529 and an area of 103,000 km2 (40,000 sq mi), making it the most sparsely populated country in Europe. The capital and largest city is Reykjavík. Reykjavík and the surrounding areas in the southwest of the country are home to over two-thirds of the population.
Iceland is volcanically and geologically active. The interior consists of a plateau characterised by sand and lava fields, mountains and glaciers, while many glacial rivers flow to the sea through the lowlands. Iceland is warmed by the Gulf Stream and has a temperate climate, despite a high latitude just outside the Arctic Circle. Its high latitude and marine influence keep summers chilly, with most of the archipelago having a tundra climate.

Which country is richest in the world 2017

  • Area
    • Total 102,775km2 (39,682 sq mi)
    • Water (%) 2.7
  • Population
    • 1 January 2016 estimate 332,529
    • Density 3.2/km2 (8.3/sq mi)
  • GDP (PPP) 2017 estimate
    • Total $18 billion
    • Per capita $52,150
  • GDP (nominal)2017 estimate
    • Total $25 billion
    • Per capita$73,092