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top 10 richest countries in the world in 2020

4 years ago
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top 10 richest countries in the world in 2020
The richest country in the world is Qatar, a small nation that enjoys the economic benefits of vast petroleum reserves. The country’s oil industry accounts for 85% of its exports and 70% of its national revenue. With a population of only 2.639 million, Qatar enjoys robust economic growth with its GDP PPP per capita expected to top 134,620 during the first quarter of 2019.
What are the top 10 richest countries in the world? Qatar has consistently come out on top of the list in recent years. For many of us, this question almost automatically brings to mind economic powerhouses such as the United States and China. This may be true if one is to use a gross domestic product (GDP) as the basis for measuring national wealth. However, size has been found to be of no consequence and national revenue no longer a reliable basis by which to classify whether a country is rich or poor.
10. Hong Kong
This former colony of Great Britain is now a special administrative region of China, which begs the question: is it an independent country? This is apparently the case as the whole world in general treats it as one. It is one of Asia’s financial hubs, ranking no. 4 out of the world’s 190 economies in the Ease of Doing Business index that the World Bank periodically compiles. A popular destination for startups, Hong Kong is open to foreigners owning 100% of their businesses despite the absence of citizenship. It is also home to the largest number of ultra-high net worth ($30 million at the least) people in the world.

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