Travel Tips: These are the richest countries in the world, where every person is given 20 thousand!
A significant divide exists between wealth and poverty in the world, with some individuals having a great deal of wealth while others struggle to earn their daily bread. Many countries around the world boast strong economies and stable financial conditions, which contribute to their status as some of the wealthiest countries in the world. Here, we take a look at some of the countries whose residents enjoy significant economic stability and prosperity, to the extent that some countries even provide a substantial annual amount to their citizens.
Ireland to top the list of richest countries in the world in 2023. Despite its relatively small size, Ireland has secured its place among the most prosperous countries globally. This achievement can be attributed to its low population and economic stability, which has attracted significant investment from individuals and major corporations around the world.
Luxembourg ranks second in the list of wealthiest countries of 2023. Although it may be slightly behind Ireland, Luxembourg ranks highest when considering GDP per capita. The average annual per capita income in the country is more than Rs 73 lakh. This means that every person in Luxembourg earns more than 20,000 rupees every day.
Singapore is another prominent name in the list of Webdunia
Singapore's Richest Countries 2023.
Despite its small population of around 5.98 million, this island nation has been a significant player in investment and trade for many years. With an annual average per capita income of INR 53 lakh, it is safe to say that most Singaporeans earn more than INR 14,000 a day.
Gulf country Qatar
is also included in the list of richest countries of 2023. The United Nations recognizes Qatar as a country with a highly developed economy, according to a Human Development Index (HDI) of 0.855. The country's substantial wealth is mainly attributed to its vast reserves of oil and natural gas. The annual per capita income in Qatar is US $ 62,310 i.e. more than Rs 51 lakh. The abundant reserves of oil and gas are among Qatar's most valuable assets.
Norway also secured a place in the list of wealthiest countries in 2023. This European country, despite its small population, boasts a GDP per capita of more than $82,000. Norway overtakes Ireland in terms of average annual income. The average annual income here per capita is more than 84,000 US dollars i.e. 69 lakh rupees. Norway has consistently ranked among the wealthiest countries in the world for many years.
Known as one of the biggest tourist destinations globally, Switzerland is also an important financial center. The country benefits from the export of precious metals, machinery, computers, and medical equipment. About 74% of Switzerland's total domestic production comes from the service sector, while 25% is given to industry. The contribution of agriculture is less than 1%. Switzerland has one of the lowest VAT rates in Europe.