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The most recent global financial crisis of 2008 slowed overall economic growth around the world for a number of years. Some countries never felt the impact as hard . Instead, their GDP levels stabilized and per capita income increased. These top ten richest countries have done well in the past decade and their fortunes improve with each passing year, especially as we approach 2015.
I am sure that you are surprised to see the United States to be so low on this list. You probably thought it would hold the top spot on every list including this one. The reason we include the United States is because it holds the largest national economy in the worl and is home to some of the most technologically-advanced products and natural resources. Its estimated GDP per capita (PPP) as we enter 2015 is $53,001.
We continue this top ten list with a West European country – Switzerland. Not only is it one of the richest countries in the world, but it is also highly ranked in terms of offering the best quality of life. This means that people who stay to live in the country enjoy satisfactory and comfortable life. As well, it has one of the most stable economies and the diverse source of income in the country is banking, agriculture, and tourism. It is well known for manufacturing the finest watches and is currently ranked the 15th largest exporter. The GDP per capita (PPP) in this country is approximately $53,977 as we enter 2015.
The source of income for this small country is tourism and banking. It faces some challenges by international pressure to improve the transparency of its banking systems. Because of the low taxrates, many multinational corporations are enthusiastic to set up their businesses here. As we enter 2015, San Marino’s GDP (PPP) is estimated at $62,766.
This oil-rich country enters the top ten list of richest countries for 2015 at no. 7. The discovery of oil in UAE has transformed this poverty-stricken country into one of the richest countries almost three decades. International conglomerates are attracted to do business in UAE because of its zero-tax policy. The economy is very much also dependent on tourism and natural gas production. The expected GDP per capita for 2015 is $63,181 (PPP).
This Nordic country arrives at number 6 with a GDP per capita of approximately $64,363. Its economy predominately relies on oil, natural gases, seafood, minerals, hydropower, fresh water, as well as agricultural products. The population is relatively health and the economy is stable. The country, like many others on the list, is run by a constitutional monarchy.
Kuwait is another oil producing country in the world and is mainly the reason why it is so high on this top ten list. The GDP (PPP) per capita in Kuwait is estimated at $70,785. It is a popular destination for immigrants of neighbouring Arab countries. The reason is because Kuwait has a strong and stable economy and is politically stable. The quality of life in this country is also extremely high.