Kuwait is the seventh richest country in the world

Follow by Email

Kuwait ranked seventh in the world as the richest country in the world of per capita gross domestic product, according to a list based on the latest data issued by the International Monetary Fund.

Kuwait’s GDP per capita is $ 69,670,000, thanks to the oil wealth that supports its economy.

According to the data, Qatar is the richest country in the world, with a GDP per capita of approximately $ 124,930,000, due to its low population and the wealth of gas and oil, the country’s main source of revenue. Its GDP growth is expected to continue this year.

The second place was a very small country with a population of nearly 600,000, Luxembourg, which has a strong workforce and grew beyond the EU’s total growth in 2016.

The list is based on data from the International Monetary Fund (IMF) for October 2017, which correlates with purchasing power compared to countries’ exchange rates for the cost of goods.

For its part, Singapore ranked third as the richest country in the world in terms of per capita income, which reached an annual $ 90.530 thousand. Singapore remains one of the world’s richest countries as its real GDP grew by 2.7 percent year-on-year in the first quarter of 2017.

In fourth place, Brunei was replaced by a per capita GDP of $ 76,740,000, Ireland with a fifth per capita income of $ 72,630,000, Norway with a sixth per capita share of $ 70.590 thousand, and the United Arab Emirates with a total of $ 68,250,000 per capita, Followed by Switzerland with 61.360 thousand dollars per capita, and Hong Kong came in the rank of public with 61 thousand dollars.