The economy of the country is increasing rapidly. The richest countries have sufficient resources and are economically stable to provide all the basic needs of their people. There are two standard methods which are used to define the richest countries in the world. The first method which is used to define the richest countries in the world is Gross Domestic Product (GDP). The other method is Purchasing Power Parity (PPP). Following are the list of
Top 10 Richest Countries in The World 2017
Qatar has the highest per capita income of $ 102,211 and stable economic growth. Its GDP is $ 202.45 billion. It has a population of about 1.8 million. It has the third largest reserves of natural gas in the world. It is located in Western Asia. 50% of GDP and 80% of export revenue comes from the income of natural gas and oil. This country is at number 1 among the TOP 10 RICHEST COUNTRIES IN THE WORLD 2016. The World Bank has recognized Qatar as a high income economy.