Last Updated on January 7, 2021
This beautiful country has moved from the fifth position to the third with an income of $90,530 per capita. The main sources of Singapore’s wealth are the chemical export industry, the financial services sector, and its liberal economic policies that support innovation and growth.
Plus, the busiest port in the world is in Singapore; it exported over $410 billion in 2011 alone!
Luxembourg: $109,190
Luxembourg is a symbol of money and wealth because this is the 9th time it takes the second place in this list with an average of $109,190 per capita.
The basis of Luxembourg’s wealth is its prudent fiscal policies, vibrant financial sector, and dynamic steel and industrial sectors. Also, the largest sector of the country’s economy is banking with an asset base of more than $1.24 trillion!
Qatar: $124,930
With an average income of $124,930 per capita, Qatar earns the first place of the world’s richest countries. It is a very developed country with an impressive oil exploration industry. 70% of its government revenue depends on the petroleum industry accounts, 85% on export earnings, and 60% on its GDP.
Qatar is still among the smallest countries with a very low population, which is a great advantage for all the locals to enjoy a high standard of living.
