World's Smallest And Wealthiest Nations

#3.Luxembourg

Luxembourg is an interior country in Western Europe and one of the major economical forces in European countries with huge opportunities. Luxembourg is the second richest country in the world, recognized by World Bank. Furthermore, the country is home to a high standard of living and work environment.

Most of the country’s income comes from the sale of iron, steel products, and also provides international banking services to people all over the world. It has an estimated gross domestic product of $60.54 billion.

#4.Qatar

Qatar is a sovereign Arab country, located in Western Asia, on the northeastern coast of the Arabian Peninsula. It is the world's richest country per capita and has the highest human population in the Arab world, having an estimated gross domestic product of $213.1 billion. Furthermore, it is recognized as a high-income economy, by the World Bank.

The country has the world's third largest natural gas reserves and oil reserves in excess of 25 billion barrels which contributes 85 percent of the actual income of the country. Before the discovery of oil, Qatar was noted mainly for fishing and pearl hunting. To enhance its citizens’ living standards, the ruling royal family has set a policy on no tax from the people’s income.

#5.Monaco

Monaco is one of the smallest cities in the world which is located on the French Riviera coast, nestled under the foothills of the Alps. The city is tax free and home to some of the best casinos with biggest yachts and top hotels in the world.

Nightlife at Monte Carlo is extravagant and expensive. There are traditional cabarets in the Casino Gardens and the Michelin, starred Louis XV restaurant which is the world famous and one of the most expensive restaurants.

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