Luxury Living

Richest Countries in the World

Richest-Countries-in-the-World

So what makes a country wealthy? There are several factors, including low levels of corruption, absence of red tape, low corporate taxes, well-educated citizens, highly-skilled workforce and low unemployment rate, military stability, law and order, excellent infrastructure and communications, and a lot of other things.

Wealth of natural resources may be a factor, but it’s not always the case. For instance, take Singapore, a tiny city-state which obviously has a limited number of natural resources. However, that didn’t hinder it from becoming one of the richest and most powerful countries in the world today.

Here are some of the richest countries in the world, based on their GDP per capita (purchasing power parity or PPP), as of 2016 (in no particular order).