Qatar and UAE Rank Among World's Top 10 Richest Countries!
- Publish date: Tuesday، 07 May 2024
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Qatar and the United Arab Emirates have made it to the top 10 list of the world's richest countries, according to Global Finance magazine.
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Qatar holds the fifth spot due to its vast natural gas and oil resources, providing one of the highest per capita incomes globally. Despite challenges like declining oil prices in recent years, Qatar's economic growth has been consistent.
Meanwhile, the UAE ranks sixth, thanks to its diverse economy that includes major industries such as tourism, construction, trade, and finance. The country has shown resilience in the face of challenges like the pandemic and fluctuating energy prices.
Both countries have proven their economic strength and continue to play vital roles in the global economy.
Here is the list of the top 10 richest countries according to Global Finance magazine:
Country / GDP-PPP per Capita
1. Luxembourg – $143,743
2. Macao SAR – $134,141
3. Ireland – $133,895
4. Singapore – $133,737
5. Qatar – $112,283
6. United Arab Emirates – $96,846
7. Switzerland – $91,932
8. San Marino – $86,989
9. United States – $85,373
10. Norway – $82,832