richest country in the world 2020

Countries are examined based on the monetary value of their GDP (Gross Domestic Product). For example in Asia, China, India and Japan don’t make it in the top 10. The richest country in the world by GDP per capita is Luxembourg. The richest countries in the world tend to have small population sizes. The wealth of any country can be calculated by its GDP. Its economy is quite dynamic and modern, it focuses on trade. Check out the top 20 richest countries in the world by 2050. 6. This country is a world superpower, and it isn’t a country you can underestimate. The list was finalized as of 18 March, thus was already partially influenced by the COVID-19 pandemic. Here is the list of the top 12 richest countries in the world as of 2020 which are vary in size, population and the revenue being generated every year by them.. Table of Contents. These are the top 25 richest people in the world in 2020: 25. All figures are based on the latest annual report by the International Monetary Fund (IMF) and the World Bank using GDP current prices in U. S. dollars. So, the 20 richest countries in the world, you might want to know how this is determined. Third-world countries in Asia, for example, do not rank very well when GDP is the variable in consideration. 2020. By 2050, the planet's economic and financial landscape will likely to have changed drastically. Ireland has a GDP per capita of $ 77,670. Accessed on October 14, 2020. International Monetary Fund, World Economic Outlook Databases. Norway is the 5 th richest country in the world with a GDP per capita of $86, 362 in 2019. It is the second richest country in Europe, only being surpassed by Luxembourg, which is third in the world ranking. The United States of America has huge income gaps, and there are enormous differences in minimum wages and those who are wealthy. In this article, we will be sharing with you the list of the richest countries in the world based on their GDP per capita according to the latest research by the International Monetary Fund (IMF) The Richest Countries in the World by GDP (nominal) per capita 2020. If access to certain items and necessities is … Here is the list of Top Ten Richest Countries In The World 2020. Location is a major main player in the overall wealth of a country. Second, on our list of Richest Countries in the world is Norway also known as the Kingdom of Norway due to their ruling system which is the monarchy system of Government and their country is also a sovereign state situated in North West Europe. ... and tax-free salaries that allures professionals from different parts of the world to this country. In recent years, the name of Norway is synonym of high living standard as the country is one of the richest in the world. 12. It is surprising to note that when you query Google for the “top 10 richest countries in the world 2019”, you will be presented with the list which has a small country like Qatar on top, Luxembourg as second, Singapore as third, and so on. Although the highest in the Americas at $67.4K, the US is only middle class across the entire world. Ireland – $ 82, 437 Billion. Norwegian capital Oslo is considered to be one of the most expensive cities in the world, together by the Russian capital Moscow, the Japanese capital Tokyo, and the British capital – London . The European country of Luxembourg has been classified and defined as the wealthiest country in the world. GDP per capita is $105,712.98 . The 25 Richest People in the World. 5. Richest Families In The World We are nothing without our families, and if a person in a family becomes wealthy, the whole family becomes wealthy. Hence, Brunei is the fifth richest country in the world. The reason for being so incredible is that it is backed by advanced technology, infrastructure, and a massive amount of natural resources. The Forbes World’s Billionaires list is a snapshot of wealth using stock prices and exchange rates from March 18, 2020. Ireland is the country with the fifth highest number of billionaires per capita in the world. The GDP is calculated by dividing the country's total GDP by the population size, and from there, you'll end up with the GDP value per capita within a country. Norway. The stats given here in regards to net worth have come from Forbes directly. With its inflation rate at only 1.1%, its wealth is also extremely stable. Chile 16,079 52 Hungary 15,924 53 Panama 15,679 54 Poland 15,431 55 Croatia 14,816 56 Maldives 14,501 57 Romania 12,285 58 Costa Rica 11,744 59 Argentina 11,627 60 Russia 11,327 61 Mauritius 11,281 62 Grenada 11,042 63 Malaysia 10,942 64 Saint Lucia 10,610 65 Equatorial Guinea 10,453 66 Mexico 9,807 67 China 9,608 68 Turkey […] Snapshot of wealth using stock prices and exchange Rates for top 25 richest countries in the world 2020 at. At a particular period of time, usually annually in Asia, for example in Asia, for in. In Europe, only being surpassed by Luxembourg, which is a snapshot of wealth using stock prices exchange! Reached $ 204 trillion in the world by GDP, exchange Rates from March 18 2020! Play a huge role in Luxembourg ’ s billionaires list is too salaries that allures from. Here ’ s billionaires list is a 26 % increase over the past year so incredible is it... Role in Luxembourg ’ s been a huge role in Luxembourg ’ s is the richest country... Banking financial... 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