1. Qatar

• GDP: $106,283.96
• Capital: Doha

Qatar is a comparatively small nation located in the Middle East region of Asia. It is situated in the Persian Gulf. It has an absolute monarchy and it has been ruled over the years by a single royal family. This small country of Qatar was previously known for pearl-mining but then with the discovery of the importance of oil, Qatar got lucky with its numerous oil, natural gas and petroleum reserves. Its competitively open trade policies with the US have made Qatar the wealthiest nation in the world. The country charges no income tax to its citizens and other taxes are also very minimal.

2. Luxembourg

• GDP: $79,649.49
• Capital: Luxembourg

Luxembourg is a small European country located in between France, Belgium and Germany. The country appears so small on the map that one may actually miss its existence. But when it comes to wealth, it leaves all European giants far behind. It is the most rich country in Europe and it is the second richest country in the world. Due to its small geographical size, the governance becomes easy. But it is a rare known fact that Luxembourg has some of the world’s biggest and richest iron and steel companies, making it very wealthy. It also provides international banking services to the rest of the world, making sure that there is foreign reserve in the country.

3. Singapore

• GDP: $61,046.96
• Capital: Singapore

Singapore is a really small nation state in the south east of Asia. In the recent few years, Singapore has made great developments and changed, and we have seen it slowly become one of the world’s richest countries. The fact that it is such a small nation helps in easy governance of all the activities. The government of Singapore has right tapped all the beneficial fields and made sure that Singapore has a place of its own on the world map. The legal structure of Singapore is extremely strict yet one of the best. The education system in Singapore is also considered one of the best around the word.

4. Norway

• GDP: $54,479
• Capital: Oslo

Apart from being one of the safest countries in the world, this land of the rising sun is also one of the richest countries in the world today. It is believed that the government in Norway has designed such a good social welfare system, that it has given rise to a society where every individual is duly paid if he/she does their bit of work with perseverance. Norway also has extensive petroleum, lumber, mining and fisheries reserves which help the economy. Norway holds many accolades when it comes to great and healthy lifestyle of people and it also firmly holds the 4th place in being one of the richest countries of the world. 

5. Hong Kong

• GDP: $50,716

Although many people debate the inclusion of Hong Kong in the list of the richest countries in the world as Hong Kong is only a special administrative region of China, we must include the country due to its contribution in the world economics and politics. Hong Kong is an extremely developed region and it owes all its wealth to the evergrowing finance, trade and commerce. The political conditions of Hong Kong have made it possible to have free trade with it which in turn helps the economy. 

6. Brunei Darussalam

• GDP: $50,440
• Capital: Seri Begawan

Brunei Darussalam is better known as just Brunei. This small nation in the south-east region of Asia is located off the north coast of the island of Borneo. This sovereign nation is a sultanate and is mostly dominated my Muslim population. It is extremely wealthy due to its natural resources which are replete with petroleum and natural gas fields. Its exports of petroleum and oil make for most of its wealth. In 2011, Brunei was one of the two countries which had 0% public debt. Such a feat in today’s world is extremely great.

7. United States of America

• GDP: $49,601
• Capital: Washington DC

The world’s largest economy is also one of the world’s richest economies. With its IT boom in the past few decades, USA has set many milestones in the field. It is considered as a global super-power and since the fall of the USSR, the US has always had the upper-hand in what goes on around the world. The American products that are many times manufactured in Asian countries, have a huge consumer markets as people always want to buy things of American quality which is synonymous of world-class quality. The purchase of good greatly profits America and its national treasury. Although it has seen an economic crisis recently, the US is doing all it can to recover from it.

8. United Arab Emirates (UAE)

• GDP: $48,434
• Capital: Abu Dhabi

If we jump back a few decades, we would see that United Arab Emirates was basically a desert mass with no great development or productivity. And then suddenly, it witnessed a boom after all the oil reserves were found in the country. Like Kuwait, UAE profits greatly from the monarchy that rules over it. With the development of cities like Dubai and Sharjah, the UAE has seen a growth in incoming tourists which has also helped the country greatly.

9. Switzerland

• GDP: $44,015
• Capital: Bern

Home to the world’s richest bank, which is The Swiss Bank, Switzerland, is also one of the world’s richest countries. This is mainly due to its extremely efficient banking system. Along with it, Geneva in Switzerland is home to some of the world’s biggest agencies’ headquarters. This greatly impacts the policy-making of the Swiss government and makes sure that its citizens are given utmost importance. Apart from these, its liberal taxation policies have ensured that the county’s GDP is on the rise, despite of the European economic crisis.

10. kuwait

• GDP: $43,773
• Capital: Kuwait City

Kuwait is an Arab country in the western region of Asia. It is one of the world’s leading oil producing countries. Kuwait is the world’s fifth largest oil producing country. Apart from the fact that it holds the key to something that has more worth than gold, i.e. oil, its economy is thriving on the very fact that the country has a monarchy system of governance. Its rich monarchs provide the country with all the necessary funds and money. This makes sure that the economic conditions of the country are always favorable, regardless of the world’s economic conditions.