The goal and objective of every government are to ensure an increased standard of living and a better life for its citizens. Anything short of this could be defined as poverty. In this post, we will look at some countries that have achieved such an aim. That is to say, Topteny online magazine will reveal some of the richest countries in the world in 2022.
1 Luxembourg
There is no doubting the fact that you must be shocked to find Luxembourg on this list. However, it is one of the wealthiest countries today, with an inflation rate of only 1.1%. This is a very small country with a GDP per capita of $126,569. The finance sector has contributed to the growth of its economy.
As of 2020, statistics revealed that its population was 632,275. Apart from the banking sector, its economy relies on the industrial and steel sectors. Its major source of wealth can be traced to iron and steel.
2 Ireland
It is amazing to find Ireland being mentioned amongst some of the richest countries today. This is because there was a time when it was one of the poorest countries in Europe. Today, it is a different story altogether because it has successfully exported different products. Its GDP per capita is around $94,556.
Some of the country’s major service industries are food products, chemicals, pharmaceuticals, beverages, computer hardware, and software. In terms of natural resources, it is a rich country. This is why it has flourished in agricultural activities like fishing, forestry, mining, and agriculture.
3 Switzerland
The economy of Switzerland isn’t just stable. Also, it has been waxing stronger when compared to others around the world. There is one fact that has been responsible for the prosperity that this country has experienced over the years. This has to do with its location. For instance, it is located in the center of Europe. This means it is situated near the major ports and markets in Europe.
It is also considered one of the favorite destinations for tourists. The Alpine landscape is responsible for this. Apart from the standard of living being high, its unemployment rate is very low. Its GDP per capita is $70,276.6.
4 United Arab Emirates
Probably you know that this country is naturally endowed with crude oil. However, you are unaware that it is amongst the world’s wealthiest countries. It is only reaping the benefits and rewards of its investment in various capital projects. For instance, it built its very first airport through loans obtained. This has made it easier for tourism to boom every year.
Besides having one of the most sophisticated airports in the world, Dubai is also known for tourism. There are lots of luxurious hotels that these tourists book regularly. The country’s per capita GDP is $69,957.6.
5 Norway
There are lots of good things about Norway that many people do not know. For instance, its educational system is one of the best around. Its social security system is unique compared to what you will find in other European countries. Its wealth is from the exportation of raw oil & gas. From a very early age, kids are taught how to be productive. Its per capita GDP is 67,978.7.
6 United States of America
America isn’t just a military world power. Also, it is one of the world’s wealthiest countries. This country has managed to prosper in different areas over the years. These could be technology, agriculture, manufacturing, banking, etc. Apart from supplying its energy, it can also export oil and gas.
The US operates a completely deregulated economy. This means enterprises are privately owned by individuals instead of the state. Residents are not expected to pay income tax. Its GDP capital is $65,279.5, which isn’t bad for a country with more than a 330million people.
7 Qatar
You would be forgiven for thinking that Qatar isn’t amongst the wealthiest countries in the world. 50years ago, this country wasn’t in the picture. There were no schools, and its fishing industry was very small. However, all of these have changed today as it is one of the largest crude oil exporting countries in the world. Due to its feasible long-term plans, it has become a major center for tourist attractions.
Its prosperity can be traced to 1997, when it began exporting oil to Spain and Japan. Apart from crude oil, its banking and construction sectors are amongst the strongest. It has also created employment opportunities for its population of 2,899,617 people.
8 Brunei
This is a small country that gained independence in the year 1984. However, it has managed to become one of the best within such a short space of time. It has a sultan that has regulated everything, including the military. If you are passionate about history, this is one place to explore. It is rich in oil and gas. Also, there are other natural resources that this country is endowed with.
Did you know that Brunei is even richer than Singapore? This may be shocking, but it is the bitter truth. With a population of over 400,000, its GDP per capita is $64,724.1.
9 San Marino
San Marino is very close to Italy, and it has managed to enjoy massive success over the years, with the unemployment rate being at its barest minimum. This means an increased standard of living for residents due to GDP per capita being above average. Do you know that this nation is amongst the smallest? The reason is that its population isn’t up to 40,000 people. Only Singapore and Monaco are ahead when it comes to countries that have less population.
Healthcare and education are also of the very highest quality here. For decades, the government has managed to build the economy on fabrics, furniture, building materials, and ceramics. It has a GDP per capita of around $61,006.8. It is also into the exportation of fruits and wines to other countries.
10 Denmark
With a GDP per capita of around $58,439, Denmark deserves to be on this list as one of the world’s richest countries. The standard of living is very high, with its total population slightly above 5 million. It is worthy of note to point out that in 2018, its economy was listed among some of the most competitive. Apart from crude oil, it also exports machinery, pharmaceuticals, dairy products, meat, and fish.
11 France
According to World Bank, France is one of the wealthiest nations around. One reason for this has been its diversified economies like pharmaceuticals, manufacturing, and agriculture. Although it runs a mixed economy, most major companies have been privatized. In 2017, it was discovered that economic output per person is around $40,000. Apart from that, this country has a GDP of more than 2.5 trillion dollars.
12 Japan
Japan is not just one of the richest countries in Asia. Also, it is in position number 12 amongst other wealthy nations worldwide. One area where it has managed to flourish over the years is technology. In recent times, it has manufactured different technological products. Also, it is endowed with metals.
13 Austria
Austria happens to be a very wealthy country when it comes to per capita income. Such figure stands at an impressive $58, 69.7. Apart from having an industrialized economy, its social market can be considered well-developed. This country generates the most revenue by engaging in trade activities with other European countries.
14 Netherlands
Netherlands isn’t just a rich country. Also, its population is among the wealthiest, with a GDP per capita of around $58.341. Its significant sources of revenue are from industrial activities like oil refining, food processing, chemical processing, metal working, and electronics. Even during the 6 and 7th centuries, its income from the fishing industry was quite impressive.
15 Iceland
Of course, Iceland deserves to be on this list as one of the wealthiest countries in the world. Although its population isn’t up to 400,000 people, its GDP per capita remains at $58,512.7. The standard of living is very high here as there are employment opportunities for different people. There are 3 primary reasons it has become very rich – investments, exports, and tourism.
