Richest Countries in the World in 2012

7. United Kingdom:

United Kingdom takes the seventh place on the list. UK had an average nominal GDP escalation of 0.58 percent earning USD $2,603.880 trillion at the end of 2011. UK's GDP per capita is the twenty second highest in the world in nominal terms and the twenty second highest measured by PPP. It is the world's most globalised countries. Its aerospace industry is one of the largest national aerospace industries and the pharmaceutical industry of the country plays an important role in its economy as well. The British economy is boosted by North Sea oil and gas reserves which was valued at an estimated £250 billion in 2007.

8. Italy:

Italy takes the eighth spot on the top 10 list of richest countries in 2012. Italy is a member of the G8 group of leading industrialized countries. The country has broadened its horizons for its industrial and road and rail network developments. Due to this advancement, the country has a nominal GDP of USD $2,287.704 trillion. The country has a diversified industrial economy with high gross domestic product per capita and developed infrastructure. The Italian economy is driven in large part by the manufacture of high-quality consumer goods that are produced by small and medium-sized enterprises.