Ranking of the World's Richest Countries

Ranking of the richest countries in the world: Luxembourg, Singapore, Qatar, Ireland, Switzerland, Norway, the United States, Brunei, the United Arab Emirates, Denmark.

1, Luxembourg

Luxembourg's economy is mainly based on banking, technology, industry and tourism sectors. Luxembourg spends a large part of its wealth on providing better housing, healthcare and education for its people, who by far enjoy the highest standard of living in the Eurozone.

2. Singapore

Singapore's geographic location, skilled labor force, low taxes, state-of-the-art infrastructure, and zero tolerance for corruption have attracted a large amount of foreign investment, with many multinational corporations having regional offices here, and with financial services accounting for a large portion of Singapore's economy. Singapore is an affluent fiscal haven, with capital gains and dividends tax-free.

3. Qatar

Qatar has been ranked among the world's richest countries for 20 years, with its main source of income coming from oil, gas and petrochemicals. With its ultra-modern architecture, luxury shopping centers and fine cuisine, it is a tourist and shopping paradise.

4. Ireland

Exports are the mainstay of Ireland's economy, but the country also boasts lucrative pharmaceutical, financial services and technology sectors. Over the past decade, the Irish government has taken a series of economic measures aimed at controlling inflation, reducing the burden of rent and tax, cutting government spending, improving labor quality, and encouraging foreign investment, which has led to rapid growth in the economy, which has risen from 44th place in the 2011 rankings to fourth place today.

5. Switzerland

Services such as banking, tourism and insurance are Switzerland's main sources of income, but it is also a major exporter of goods such as gemstones, precious metals, watches and clocks, precision instruments and pharmaceuticals. Switzerland has the highest density of millionaires in the world, at 11.8% of the total adult population.

6, Norway

The Norwegian economy is a model of market liberalization and government macro-control and successful combination of today's world's most affluent, the most economically developed and one of the highest standard of living. Norway is rich in natural resources, mainly in oil, water, fisheries, forests and minerals. Norway is the largest oil producer in Western Europe, and the oil industry and other major areas of the economy are controlled by the government.

7, the United States

The United States is today the world's largest economy, services and industry constitute most of the country's economic activity, is the world's largest oil producer and the first natural gas producer. The U.S. has the largest number of billionaires in the world, but there is a wide disparity between the rich and the poor, and many of its citizens still struggle to make ends meet.

8, Brunei

Brunei's economic situation is quite good, oil and gas production and exports accounted for about 67% of GDP, the extent of social welfare and the scope of the very good, more famous for not need to pay taxes.

9, the United Arab Emirates

Since the discovery of oil in the UAE in 1966, the original barren desert has suddenly become a rich oil field, so that the country has undergone a huge change in the economy. Oil in the Emirate of Abu Dhabi is the mainstay of the UAE's economy.

Besides oil and petrochemicals, Dubai in the UAE is also a transshipment center, sightseeing and tourism shopping city and technology network city in the Middle East, and the Dubai tourism economy has become one of the main sources of economic income in the UAE.

10, Denmark

The Danish economy is a fully modernized market economy, but with socialist overtones, with a personal income tax rate of more than fifty percent for the average income earner. Denmark has high-tech agriculture, modern small-scale entrepreneurial industry, and a liberal government welfare system. Denmark is a major exporter of foodstuffs, energy equipment, and agricultural and livestock products.

Reference: Baidu Encyclopedia - Norway

Reference: Baidu Encyclopedia - Singapore

Reference: Baidu Encyclopedia - Qatar

Reference: Baidu Encyclopedia - Ireland