Apr 6, 2023. 10 Most Richest Countries in the World 2023.Luxembourg. In terms of purchasing power parity (PPP) Luxembourg scores at the top of the richest countries.Singapore.Ireland.Qatar.Bermuda.Norway.United Arab Emirates.
The 50 richest countries in the world
The richest country in the world is Luxembourg. According to the IMF, the duchy's GDP per capita is $135,046. The total gross domestic product exceeded $86 billion.
Singapore. With a GDP per capita of 72,794.0, Singapore is not only the richest country in Asia but also one of the richest country in the world. A high GDP per capita combined with low unemployment rate is the secret to Singapore being one of the richest country.
In the world, the poorest countries are mostly located in Africa and Asia, with Burundi being the poorest country followed by Somalia, Mozambique, Central African Republic, and Madagascar.
Wealthiest Countries in the World
|7||United States of America||23.3 trillion|
The country provides one of the world's most business-friendly regulatory environment for local entrepreneurs and is ranked among the world's most competitive economies. In the decades after independence, Singapore rapidly developed from a low-income country to a high-income country.
Why is Dubai one of the richest countries in the world Free trade, a low tax rate, and zero income tax have made Dubai a popular business hub and a wealthy state. Dubai is also the gateway to the East and boasts of the world's highest international passenger flow.
Poorest Countries in AsiaTimor-Leste.Bangladesh. GDP Per Adult in 2021: $3,333.Uzbekistan. GDP Per Adult in 2021: $3,063.Cambodia. GDP Per Adult in 2021: $2,538.Pakistan. GDP Per Adult in 2021: $2,366.Kyrgyzstan. GDP Per Adult in 2021: $2,126.Yemen. GDP Per Adult in 2021: $2,073.Myanmar. GDP Per Adult in 2021: $1,973.
Rapid modernisation, and a focus on high technology, have allowed East Asia to register rapid economic growth. The region is home to some of the world's most affluent nations and sees high standards of living.
South Korea has developed into one of Asia's most affluent countries since partition in 1948. The Communist North has slipped into totalitarianism and poverty.
As of 2023, despite slowly renewing cross-border trade, North Korea remains one of the World's most isolated and one of Asia's poorest countries.
China has the second-largest financial assets in the world, valued at $17.9 trillion as of 2021. It also has two (Shenzhen-Hong Kong-Guangzhou and Beijing in the 2nd and 3rd spots respectively) of the global top 5 science and technology clusters, which is more than any other country.
TOKYO/BEIJING — China's net worth reached $120 trillion in 2020 to overtake the U.S.'s $89 trillion as a red-hot real estate market drove up property value, according to a report by McKinsey Global Institute.
The city is home to 67,900 millionaires, new report finds
Dubai is the 23rd-most popular city in the world for ultra-wealthy residents, after the emirate recorded an 18 per cent increase in high-net-worth individuals in the first six months of 2022, a new report found.
Dubai isn't actually much more expensive than London, New York, and other big cities. However, Dubai's not a very walkable city. Jaywalking is illegal, and crossings are few and far between. Taxi prices aren't too expensive but taking them often can add up.
The World Bank In Vietnam. Vietnam's shift from a centrally planned to a market economy has transformed the country from one of the poorest in the world into a lower middle-income country. Vietnam now is one of the most dynamic emerging countries in East Asia region.
Vietnam has a GDP per capita of $8,200 as of 2020, while in India, the GDP per capita is $6,100 as of 2020. In Vietnam, 3.1% of adults are unemployed as of 2018. In India, that number is 8.5% as of 2017. In Vietnam, 6.7% live below the poverty line as of 2018.
Some people include Vietnam—a Southeast Asian country geographically—as part of East Asia, as it is always considered part of the Chinese cultural sphere. North Vietnam (including Hanoi) has a subtropical climate and at times may be influenced by cold waves, which also differs from most of Southeast Asia.
Asia is home to the world's earliest civilizations. Its indigenous cultures pioneered many practices that have been integral to societies for centuries, such as agriculture, city planning, and religion. The social and political geography of the continent continues to inform and influence the rest of the world.
The economy of Vietnam is a developing mixed socialist-oriented market economy, which is the 36th-largest in the world as measured by nominal gross domestic product (GDP) and 26th-largest in the world as measured by purchasing power parity (PPP) in 2022.
Sustaining the economic miracle: South Korea to break global top ten by 2026. In the aftermath of the Korean War, South Korea was one of the poorest economies on the planet. The war caused mass casualties and displacement of people, while also devastating the country's infrastructure.
Worldwide gross domestic product in 2021 was at about 12,282 USD per capita. GDP in South Korea, on the other hand, reached USD 34,998 per capita, or 1.811 trillion USD for the whole country. South Korea is therefore one of the world's largest economies and is currently at rank 11.
China's economy has grown to one of the largest and most powerful in the world over the past few decades. Driven by industrial production and manufacturing exports, China's GDP is actually now the largest in terms of purchasing power parity (PPP) equivalence.
Net Worth: $68 Billion | Source Of Wealth: Beverages, pharmaceuticals | Residence: Hangzhou. Zhong chairs bottled water and tea drink producer Nongfu Spring. He holds onto the No.