World's Smallest And Wealthiest Nations

BANGALORE:  When it comes to the richest countries in the world, people usually think of names, such as America, Germany, Australia, and the other big countries. But there are some small countries in the world that are outrageously rich.

These countries have challenged the world in almost every field and they emerged up as the pioneers. Even though being the smallest, these are called as the richest in the world.

#1.Norway

Norway is a Scandinavian unitary constitutional monarchy. The country is richly endowed with natural resources, including petroleum, hydropower, fish, forests, and minerals. Large reserves of petroleum and natural gas were discovered in the 1960s which led to a boom in the economy and large accumulated wealth of the country.

Norway is expected to continue as among the richest countries in the world, in the near future. It has obtained one of the highest standards of living in the world with an estimated gross domestic product of $515.8 billion.

#2.Switzerland

Switzerland is an interior country, geographically divided between the Alps, the Swiss Plateau, and the Jura. It is one of the richest nations in the European continent with abundant resources and diverse economy, having an estimated gross domestic product of $646.2 billion.

Switzerland is a serene and the cleanest country in the world with outstanding banks and exporting. Its important economic sector is manufacturing which consists largely of the production of specialist chemicals, pharmaceutical goods, and musical instruments.

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