The gross domestic product (GPD) demonstrates every nation’s wealth which is earned in the result of the total value of goods produced and services provided in a country during one year.
When it comes to services of country, the major part of any country lies on its tourism industry, if county has best destinations for visitors so it can play massive role in rise of the economy of any country.
Second one of the important points is that how many reserves country has, those who have gas and oil reserves, they are ruling of top ranking in wealthiest countries. The production of goods elevates the economy rate of the country and that thing boost rate of GPD. Here comes the list of Top 10 Richest Countries in the World 2016.
One of the richest countries all around world Kuwait is located in Western Asia that considers one of the best employment provider nations in the world reason why people move to find out the work at heavy cost. However, according the June 30, 2015 estimation, Kuwait consists of population of 4,183,658 while its GPD is 56,514.16 USD. Its capital Kuwait City thought to be one of the finest visiting points in the country just because of its industrial areas, official and beautiful buildings and other resorts.
One of the well-developed countries in Europe Switzerland officially known as the Swiss Confederation based on population of 8,211,700 (September 2014 estimate). Switzerland is in Top 10 Richest Countries in the World 2016 and better known for its city of Bern or Berne which though to be most attraction destinations. The capital of Switzerland remains top subject for those who are looking for best place to enjoy their honeymoon as well considers best point that helps generating most romantic and luxurious moments for couples. It has GPD of $480.938 billion regarding 2015 estimate, while emerged richest nation all over the world because of its strong economic position.
8: United Arab Emirates
Southeastern country at end of the Arabian Peninsula on the Persian Gulf, United Arab Emirates which also offers employments to so many foreigners as has a large number of industries as well business points. United Arab Emirates is based on most renowed business lands as Umm al-Quwain, Fujairah, Sharjah, Ajman, Ras al-Khaimah and Abu Dhabi. It contains 5,779,760 to 9,581,000 lies on 2015 estimate, whereas tourism is one of the top businesses of the nation. Nevertheless, UAE has a GDP of $641.880 billion (2015 estimate) and known for its most beautiful visiting destinations.
7: United States of America
The United States of America commonly known as United States consists of 50 states, five major territories, various possessions and a federal district. United States Census Bureau announced its population of 7.3 billion in February 2014. According to roughly calculation in 2014, comes on second rank in list of countries by GDP with $17.419 trillion, hence its name is in Top 10 Richest Countries in the World 2016 and considers strongest country in terms of wealth in entire world. US capital is Washington D.C. which remains the center of attraction for foreigners from all around the world.
One of the wealthiest countries in north coast of the island of Borneo in Southeast Asia, consists of population of 415,717 (July 2013 approximation), while it’s Bandar Seri Begawan known for its majesty that plentiful with most eye catching sceneries. The country also known as Brunei Darussalam and holding strong identity all over the world just because of its strong wealth that contains $25.245 billion lies on 2015 estimation. The Brunei Darussalam is rich with nature’s treasures and tourists also love to visit the distinctive piece of land.
5: Hong Kong
Hong Kong is an autonomous territory on the southern coast of China has GPD of $412.300 billion consists of 2015 estimate, while though to be best location for spending holidays as well businessmen come to the land to sign contracts while major part of earning of the nation lies on tourism in this country. Hong is on fifth rank in Top 10 Richest Countries in the World 2016 with its strong economical position as the industry of the territory is playing major role in development as well considers major trading point, while has population of 7,234,800 (2014 estimate).
The Kingdom of Norway has GDP of $351.603 billion based on 2015 estimation, also known as Norway which is a sovereign unitary monarchy and consists of a total area of 385,252 square kilometers. Norway has been emerging on top ranking for years as industry playing main role in its development. When it comes to talk about population, the survey of 2015 demonstrates number 5,165,800, though its capital has came out as the most populous city and well-known for its most beautiful locations as Viking Ship Museum, Oslofjord, Frogner Park and others.
The Republic of Singapore is commonly referred to Singapore is a leading global city in Southeast Asia and remains top attraction for the visitors who come from all around the world to view the majesty of the land as well creations of the developers. The world’s only island city-state is based on 5,535,000 (2015 survey), has GPD of $452.686 billion lies on 2014 estimate that is why is in Top 10 Richest Countries in the World 2016. The major part of Singapore’s wealth consists of tourism industry because the numerous couples like to visit the Woodlands, Tengeh Reservoir, Central Area and other because these tempt everyone with dazzling expressions.
The Grand Duchy of Luxembourg is a landlocked country in Western Europe and officially known as Luxembourg. According to April 2015 estimation, the smallest sovereign states in Europe is based on population of 562,958, while has the GPD of $56.577 billion (2015 estimate). Its capital Luxembourg city has tremendous locations as Clervaux, Echternach,Esch-sur-Alzette, Esch-sur-Sûre and others, these all tempt tourists to visit them. The where tourist can be seen here all around the year hence the large part of the land is based on tourism.
One of the wealthiest countries in the Arab world, Qatar is located so close the border of United Arab Emirates and Iran. Qatar is known for its strongest GPD of $298.4 billion which was estimated in 2014, while is on top rank in Top 10 Richest Countries in the World 2016. Nevertheless, it also known as the State of Qatar and rich with natural treasures like oil reserves and gas reserves which both are major parts of its total economy. It has population of 2,155,446 which was studied in 2014 and emerged as the highest per capita income in the world. The largest parts of its economy lies on oil reserves and gas reserves and also offers employment opportunity for foreigners as well its own citizens.