Monetary flow is one of the most significant sectors in the economy of a nation that defines the country' s citizens' financial well- being. I will address the world' s top wealthiest countries in this report.
There are noticeable things you should know about measuring the resources of a nation before we start. First, the wealth of a country is measured using its GDP ( Gross Domestic Product). By dividing the country' s total GDP by the population size, the GDP is determined and you will get the GDP value per country' s capital.
These are the world' s top- richest countries:
The income of Luxembourg primarily depends on the banking, steel and industrial sectors.
2. Norway: Norway is ranked as the world' s second richest country. As at 2017, they had a GDP of $74, 571 but later heightened in 2019 to $86, 362.
Norway has a mixed economy with multiple sources of revenue, but much of its income is generated from the extraction of natural resources from North Sea oil.
3. Switzerland: As it had a GDP of about $80, 069 in 2017, Switzerland is ranked No. 3 richest country, but now sacks a current GDP of $83, 833.
There income is mainly from the tourism and banking industry.
4. Ireland: Ireland is also based in Europe and currently has a GDP of $81, 447.
Ireland' s revenue comes mainly from agriculture, financial services and life sciences.
5. Iceland: Iceland is a European country as well and has a GDP of 78, 181 dollars. Tourism offers Iceland 10 percent of its GDP. They also have a population of 350, 000 or so individuals.
The wealthiest countries are clearly seen to be predominantly European countries with a limited population. We can also see that certain nations make their income from agriculture and natural resource mining. God only knows what our government is using our cash for.
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