World's Richest Countries

Bangalore: If wealth is the power then Qataris have the most as Qatar is the richest country in the world. Forbes ranked the world’s richest countries based on their gross domestic product (GDP) at purchasing power parity per capita, the value of all final goods and services produced within a country in a given year. Qatar was followed by Luxemburg and Singapore.

The list of the richest countries of the world includes:

1. Qatar:

The Persian Gulf emirate with a population of 1.7 million people ranks as the world’s richest country per capita. Thanks to a rebound in oil prices and its gigantic natural gas reserves. Adjusted for purchasing power, Qatar booked a probable gross domestic product per capita of more than $88,000 for 2010.

Qatar has the third-largest reserves of natural gas in the world, and the country has invested heavily in infrastructure to liquefy and export it and to diversify its economy. Qatar has attracted multinational financial firms to the country, as well as satellite campuses of U.S. universities. The government is pouring money into infrastructure, including a deepwater seaport, an airport and a railway network, all with an effort to make the country a better host for businesses and the 2022 World Cup.