Why QATAR is the richest country on Earth?

Qatar – $127,523 GDP (PPP) per capita (QATAR GULF NEWS 2017)

DOHA, QATAR – JANUARY 07: The illuminate skyline of Doha is seen on January 7, 2014 in Doha, Qatar. (Photo by Lars Baron/Getty Images)

 

QATAR ranks number one on the list of the top 10 richest nations because of its high GDP (PPP) per capita of $127,523. Qatar has a well-developed oil exploration industry where the petroleum industry accounts for 70% of its government revenue, 60% of its GDP and 85% of its export earnings. Because of its wealth and economic success, it has been chosen as the host of the 2022 FIFA World Cup, the first Arab nation to ever hold this role. However, Qatar is also the most controversial country on the list for its use of forced labour from nations throughout Asia and parts of Africa.

The 25 Richest Countries (QATAR GULF NEWS 2017)

 

Rank Country GDP per capita (PPP)
1 Qatar 127,523
2 Luxembourg 105,882
3 Singapore 87,856
4 Brunei 77,441
5 Kuwait 73,817
6 United Arab Emirates 72,419
7 Ireland 68,883
8 Switzerland 62,882
9 Norway 59,302
10 United States 57,467
11 Saudi Arabia 54,431
12 Iceland 51,399
13 Netherlands 50,898
14 Austria 50,078
15 Denmark 49,496
16 Sweden 49,175
17 Germany 48,730
18 Bahrain (2015) 47,333
19 Australia 46,790
20 Belgium 46,383
21 Canada 44,025
22 Finland 43,053
23 United Kingdom 42,609
24 Japan 41,470
25 France 41,466

Sources: Qatar Gulf News, Bloomberg, Gulf Agencies