The richest country in the world is Qatar
According to a recent study by the Global Finance Magazine, Qatar has been named as the world’s richest country.
With Qatar bagging the first spot, Luxembourg and Singapore fall on the second and third places respectively.
However, Qatar has not always been the wealthy country that we know of today. In the past, before the discovery of oil, Qatar depended vastly on fishing and pearl hunting as its primary sources of income.
When Japan introduced its cultured pearl on to the world market in the 1920s and 1930s, the pearling trade of Qatar suffered a huge downfall.
Yet, very fortunately for Qatar, it discovered oil in 1940 and since then it has embarked on a very successful journey towards development.
Now, Qatar is one of the countries that has the lowest tax rates in the world. It has a high standard of living and no income tax.
Below are the countries that made it to the top 10 in the study –
10- Australia
9- Switzerland
8- UAE
7- USA
6-Hong Kong
5- Brunei
4- Norway
3-Singapore
2- Luxembourg
1- Qatar
Any thoughts?
Qatar Should Growth The Food Factory production For their Population
not giving NOC makes a rich nation
not giving NOC makes a rich nation
mabrook mabrook...
Icapall, if Qatar is so small, why do they have such a big mouth?
You can be rich for having money but you cannot be rich if you do not have standards in the most important aspect that help develop the country, e.g., education. For example, a teacher or a lecturer dream to have a decent accommodation to rest properly. The writer of these lines dreams the same. Therefore, we can imagine what kind of generation Qatar would have in future!
Yes, it is the richest country in the world !!! LoL
Mabrook Qatar! Let's support each other for the better future.
@ wt:) there is no rocket science only just see gdp per capita per person, in this way Qatar is richest as per World Bank and IMF.
Every green thing is not a grass so just concentrate on the point.
@wt
Look how big germany and the us are compared to qatar, you must have a very low IQ to realize this.
Qatar
Three of the world's smallest states have been named as the richest countries in a new study.
Qatar, Luxembourg and Singapore came top in the research which ranked countries by their wealth according to their gross domestic product.
Both the U.S. and Australia made the list's top ten but Britain was named the 23rd richest country behind states such as Ireland, Taiwan and Kuwait.
The data provided by the International Monetary Fund and compiled by the Global Finance Magazine, also took into account purchasing power parity, which analyses living costs and inflation rates.
Using this measure, gulf state Qatar came top of the list with a GDP in 2014 - 2015 of $105,091 (£67,497) per person.
GDP vs GDP per Capita
Yes USA is rich but nation is poor, kindly see the below article which makes you clear why Qatar us richest in the world since couple of years and even in 2015. Please also note unemployment factor in USA is 9% and in Qatar o.5 %.
Yes as per GPD per capita per sine Qatar is no one richest Country in the world. Pls also note the terms GDI and GDP which also very important to understand. GDP is also related to spending and GDI is related to earnings.
Article..........
For a lot of reasons, we need to measure our nation’s economic state and when trying to determine a nation’s economic performance, the term GDP is often encountered or used. GDP, which stands for Gross Domestic Product, is a measure describing the value of a countryÃs economy. Despite plenty of criticisms from respected authorities in economy, GDP is still the most popular method to indicate a country’s economic state.
Read more: Difference Between GDP and GDP per Capita | Difference Between | GDP vs GDP per Capita http://www.differencebetween.net/business/difference-between-gdp-and-gdp-per-capita/#ixzz3lcVMGtYy
Germany can "afford" to host 400.000 refugees from Syria. How many does Qatar welcome?
The USA are rich with a GDP of almost US$ 15 trillion. And there are ten or eleven countries with a GDP of more than a US$ trillion. Qatar's GDP is US$ 300 billion.
Riches are contagious but that is not reflected in most people in Qatar who happen to be hard working people. its left for anyone to believe or not to these statistics.
but still poor in rules and regulation....
Money does not make you rich, asset does.
China had devalued they currency by only 3% then everybody start panicking.
This article we can at Web and it is since 5 years that Qatar is richest Country only in terms of GDP growth nothing more. There are other many factors to evaluate, in which Qatar is so behind.
One of the bad infrastructure yes only Government may rich but people expats are witj medium profile always fighting to negotiate monthly expenditures against specially, expensive schooling and living accomodation.
yaa...richest....my chest or weak by pollution, oil and gas...real rich is wealth...
whowwww! so we're one of the richest expats in the world then! go-go-go Qatar!
I wonder what is meant by "rich". It can't be money. The USA produces 15 trillion dollars each year, Qatar maybe 320 billion. It can't be babies because Uganda has a higher growth rate of 3.24%. The growth rate of Qatar's population is fake anyway, because the temporary expatriates are counted. So, in which respect is Qatar the richest country?
Zeal: we are exPats. Here temporarily. So there is nothing to be depressed about. Enjoy yourself
Double post with one click .......... It's nobody's fault ............ .......................
There is no doubt about that ................... Congrats to all positive thinkers .......... .............. .....................
There is no doubt about that ................... Congrats to all positive thinkers .......... .............. .....................
WT, so what - at least its feeding people like you ! :)
Financially country might be rich, but people are poor. No one is happy( happy in the sense, no happiness is seen on faces) all are worried and stressed. No one has a job guarantee. Its everyone's dream to work for big organisation's but all big organisations keep firing employees with no prior notice. This huge firing or termination i haven't ever seen/heard in Dubai. According to me Dubai is the best place to live & work.
Qatar cannot even grow enough food for its population!
yay .. feeling rich...