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Top 10 Wealthiest Countries of 2014

Friday, December 26, 2014 20:02

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(Before It's News)

This top ten list examines the 10 wealthiest countries in the world in 2014.

10. Kuwait

Kuwait is the 10th wealthiest country of the World on our list. It’s economy not only bears the burden of local Kuwaitis, but also adjust the foreigners who work in Kuwait. The GDP of Kuwait of the Year 2014 is $43,846.72. As well, Kuwait is home to the world’s third highest density of millionaires, with 115 out of every 1,000 households (11.5 percent) holding private wealth of at least $1 million. The reporting comes from The Boston Consulting Group’s (BCG) thirteenth annual global wealth management report. Kuwait is also significant because it is a pioneer in the Middle East when it comes to diversifying its earnings away from oil exports.

9. Switzerland

It is safe to say that Switzerland is a rich country and most people can live well there. The West European Country is the 9th wealthiest country of the world on our list of top 10 wealthycountries of the world. In Switzerland, the banking system is very secure, which attracts the richest people from all over the world to invest their money into Swiss Banks. Many corrupt politicians and business people have also saved their money in Swiss Banks for security purposes. The GDP of Switzerland is $45,285.8, which makes it number 9 on our list of richest countries of 2014. No wonder 8 Swiss citizens were included in the 2007 list of the 500 richest people in the world written up by the US magazine Forbes.

8. United Arab Emirates

United Arab Emirates have the richest economy because of the natural resources, such as oil, that enable them to earn billions of dollars. Then, many people from all over the World come to UAE and do jobs there. The GDP rate of UAE is $48,992.47, which makes it number 8 on our list of top 10 richest countries of the World. This year, The UAE experienced the fastest growth in terms of both millionaire population and wealth in the world. There are a total of 1,275 multi-millionaires in the UAE, up from 1,050 last year. Next year, things are looking even more optimistic for this Middle Eastern country.

7. United States of America

USA is the super power in the world because of its strong economy. The GDP of USA is $49,802.15, which makes it the 7th richest country of the world on our top ten list. Who is the prototypical American millionaire? For most Americas with annual incomes of $50,000 or more and for most people twenty-five to sixty-five years of age, there is a corresponding expected level of wealth. Those who are significantly above this level can be considered rich in comparison to others in their income/age cohort.

6. Brunei

Brunei is a country with a small, wealthy economy that is a mixture of foreign and domestic entrepreneurship, government regulation and welfare measures, and village tradition. The GDP rate of Brunei is $50,526.35. It is still growing and is expected to hit an upward trend in 2015. Brunei comes at number 6 on our list of richest countries of 2014.