Arab Today, arab today qatar uae among top 10 richest countries
Last Updated : GMT 00:22:39
Arab Today, arab today
Arab Today, arab today

Qatar, UAE among top 10 richest countries

Arab Today, arab today

Arab Today, arab today Qatar, UAE among top 10 richest countries

Dubai - Arabstoday

Qatar and the UAE were ranked among the top 10 wealthiest countries out of a list of 182 nations in terms of per capita gross domestic product (GDP). US magazine Forbes in its latest ranking of the world’s richest countries, placed Qatar in the number one position and the UAE in the sixth. Qatar, which relegated Luxembourg to the second spot, registered an estimated GDP per capita of more than $88,000 for 2010 after adjusting for purchasing power parity (PPP), while the UAE boasts a GDP per capita of $47,500. Kuwait was placed 15th on the list. Qatar, with a population of 1.7 million, has the third largest reserve of natural gas in the world.  “Qatar has lured multinational financial firms to the country, as well as satellite campuses of US universities,” Forbessaid in its online report. The report said the Qatar government is also investing heavily in infrastructure, including a deepwater seaport, an airport and a railway network, “all with the eye to make the country a better host for businesses and the 2022 World Cup”. Luxembourg is ranked second on the Forbes list with a GDP on a PPP basis of just over $81,000. “The country of half a million people became a financial hub in the later half of the 20th century, in part, thanks to strict banking secrecy laws that earned it the reputation of a tax haven,” said the Forbes report. Singapore falls in third place with a GDP per capital of nearly $56,700 thanks to a thriving technology, manufacturing and finance hub, which has allowed it a space on the top three richest countries in the world. Norway was ranked the fourth richest country, thanks to its petroleum, which accounts for nearly half of exports and is the main contributor to its PPP-adjusted GDP per capita of nearly $52,000. Forbes has ranked Brunei as the fifth richest country due to its extensive petroleum and natural gas fields giving the Sultanate just over $48,000 per capita. Following the UAE was the US on the seventh rank. Others ranked among the top ten include Hong Kong, Switzerland and the Netherlands. Burundi, Liberia and the Democratic Republic of Congo, where GDPs per capita are $400, $386 and $312, respectively were listed as the poorest countries on the planet. Forbes said to rank the world’s wealthiest countries, it looked at GDP per capita adjusted for purchasing power. It used data compiled from the International Monetary Fund from 2010, which was the most recent available set of figures. “The PPP (purchasing-power parity)-adjusted GDP, preferred by economists when making international comparisons, takes into account the relative cost of living and inflation rates rather than just exchange rates, which may distort real differences in worth,” stated the Forbes report. This measure, which economists prefer, considers the relative cost of living and inflation as compared to just using exchange rates. But some economists believe such GDP comparisons are misleading, which is also partly because the quality of goods per country does vary.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today qatar uae among top 10 richest countries Arab Today, arab today qatar uae among top 10 richest countries

 



Arab Today, arab today
Arab Today, arab today Mohamed Bahari prepares new collection for spring 2017

GMT 06:15 2017 Monday ,27 February

Mohamed Bahari prepares new collection for spring 2017
Arab Today, arab today 17.4 million tourists visit UAE in 2016

GMT 00:47 2017 Monday ,27 February

17.4 million tourists visit UAE in 2016
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today UN envoy sets out framework

GMT 07:25 2017 Monday ,27 February

UN envoy sets out framework
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars

GMT 06:01 2017 Sunday ,26 February

BRIC funds see inflows amid emerging equity boom

GMT 05:43 2017 Sunday ,26 February

Al-Gergawi quits Dubai Holding to focus on govt role

GMT 05:14 2017 Sunday ,26 February

Oil prices to average $50-$70 through 2022

GMT 14:44 2017 Saturday ,25 February

China overtakes US as Germany’s top trade partner

GMT 05:53 2017 Saturday ,25 February

Global sovereign debt to hit new all-time high

GMT 05:17 2017 Saturday ,25 February

Oil world cautious on Trump’s next move

GMT 09:59 2017 Friday ,24 February

Baidu revenue slips anew amid ad clampdown
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Reasons for the delay 'On the Stairs of Servants'

GMT 06:42 2017 Saturday ,25 February

Reasons for the delay 'On the Stairs of Servants'
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 10:51 2017 Saturday ,25 February

Pigs with edited genes show resistance

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday