Top 5 Richest Countries In The World
In this post i mention the top 5 richest countries in the world 2017 .The top 5 richest countries in the world in 2017 according to the International Monetary Fund (IMF).
5. United States
The United States has a capitalist mixed economy which is fueled by abundant natural resources and high productivity.According to the International Monetary Fund, the U.S. GDP of $16.8 trillion constitutes 24% of the gross world product at market exchange rates and over 19% of the gross world product at purchasing power parity (PPP).
The US’s nominal GDP is estimated to be $17.528 trillion as of 2014 From 1983 to 2008, U.S. real compounded annual GDP growth was 3.3%, compared to a 2.3% weighted average for the rest of the G7.The country ranks ninth in the world in nominal GDP per capita and sixth in GDP per capita at PPP.The U.S. dollar is the world’s primary reserve currency.
Norway almost got to the top 3 this year. It is a Scandinavian country encompassing mountains, glaciers, and deep coastal fjords. Oslo, the capital city, is a city of green spaces and museums.Norway is a Scandinavian country encompassing mountains, glaciers and deep coastal fjords. Oslo, the capital, is a city of green spaces and museums. Preserved 9th-century Viking ships are displayed at Oslo’s Viking Ship Museum. Bergen, with colorful wooden houses, is the starting point for cruises to the dramatic Sognefjord. Norway is also known for fishing, hiking and skiing, notably at Lillehammer’s Olympic resort.
Top 5 Richest Countries in the World- 2017
Qatar is a peninsular Arab country whose terrain comprises arid desert and a long Persian (Arab) Gulf shoreline of beaches and dunes. Also on the coast is the capital, Doha, known for its futuristic skyscrapers and other ultramodern architecture inspired by ancient Islamic design, such as the limestone Museum of Islamic Art. The museum sits on the city’s Corniche waterfront promenade.
$ 80, 675
Switzerland is a mountainous Central European country, home to numerous lakes, villages and the high peaks of the Alps. Its cities contain medieval quarters, with landmarks like capital Bern’s Zytglogge clock tower and Lucerne’s wooden chapel bridge. The country is also known for its ski resorts and hiking trails. Banking and finance are key industries, and Swiss watches and chocolate are world renowned.
Luxembourg’s stable and high-income market economy features moderate growth, low inflation, and a high level of innovation.Unemployment is traditionally low, although it had risen to 6.1% by May 2012, due largely to the effect of the 2008 global financial crisis. Consequently, Luxembourg’s economy was forecast to have negligible growth in 2012. In 2011, according to the IMF, Luxembourg was the second richest country in the world, with a per capita GDP on a purchasing-power parity (PPP) basis of $80,119. Luxembourg is ranked 13th in The Heritage Foundation’s Index of Economic Freedom, 26th in the United Nations Human Development Index, and 4th in the Economist Intelligence Unit’s quality of life index.