Here is the list of 3 Richest Countries Of The World:
This country quintessentially demonstrates the fortune oil and gas exploration can provide. Once one of the poorest countries of the Gulf region, Qatar currently has the highest per capita income in the entire world. Al Thani family has ruled this country since mid-1800s and for 150 years. In 1916 the country had become a British protectorate by the permission of the emir of Qatar. It acquired independence in 1971, and after denying to join the United Arab Emirates, it formed a sovereign nation. The current ruler is Sheikh Tamim bin Hamad al-Thani. This Middle East oil and gas giant is situated at the peninsula bordering the Persian Gulf and Saudi Arabia. It’s high GDP growth is characterised by manufacturing, construction, and financial services sectors. The State of Qatar has the lowest rate of unemployment, excess of oil reserves, and expanding FDI in non-energy sectors.
Qatar has recently won the bid for reception of 2022 Football World Cup that has made it accelerate infrastructure projects such as exotic stadium , metro railways and other sports related places. It owns the prestigious Al Jazeera satellite TV. The country however is often facing controversies related to illicit treatment of its migrant workers, passport holding and forced labour.
This country was found in the year 963 and is popularly known as the the only Grand Duchy in the world. Previously it used to be an independent state under Netherlands and later lost much of its area to Belgium. At present it is less than 1000 miles in area which is said to be precisely smaller than Oxfordshire. Interestingly the nation has a standing army of 450 soldiers and 2 tanks.
Luxembourg received independence in 1948 and in the same year it entered the Benelux Customs Union.
In 1949, the country joined North Atlantic Treaty Organisation (NATO).
In 1957, Luxembourg became one of the founding countries of European Economic Community (later known as European Union).
In 1999, it joined the Euro currency area.
Luxembourg is a nation with high income, stable economy, low unemployment, less inflation, and robust growth, It is dominated with a strong industrial structure consisting of steel, chemicals, machinery and equipment, rubber, automotive components, and other products. The cross-border and foreign workers account for nearly 36% of the labour force and the financial sector holds 36% of the GDP. With an extremely high per capita income, it also has the highest current account surplus in the entire Euro zone.
Not just rich and debt ridden, the country is devoid of any international disputes and is said to be a land of castles, twilight forests and the ghosts of hard-fought battles. For people who have a soft corner with Romanticism or literature, Victor Hugo had lived in the town of Vladen when he was exiled from France. With picturesque landscape, hilltops and citadels, Luxembourg is an enthralling beauty.
Switzerland or the Swiss Confederation was found in the year 1291, and was accepted as an independent nation by its neighbours after the 1648 European peace treaty as it had received independence from the Roman empire. The Vienna Congress of 1815 that ended the wars of Napoleon defines the borders and neutrality of Switzerland. It has a centralised federal government which did not take part in any of the two wars. It became a member of the United Nations officially in 2002, and although it actively supports such international organisations, the country is poised to maintain neutrality.
Situated at the east of France and north of Italy, this flourishing modern market economy is highly developed given to factors such as-
highly developed service sector
specialised financial services
manufacturing industry that specializes in high-technology
economic and political stability
transparent legal system
efficient capital markets
low corporate tax rates
With remarkable international competitiveness, this banking giant too suffered from global financial crises and recovered after introducing tax and interest reforms. Owing to huge external pressure over its banking secrecy laws and tax regulations, Switzerland has recently agreed to provide administrative assistance in the matters of tax evasion and renegotiated its double taxation agreements with numerous countries in accordance with OECD regulations.
Switzerland is one of the most glimmering and glistening tourist destination of the world. Its beauty is breathtakingly awe-inspiring. This land of four languages is composed of rural beauty, urban architecture, alluring lakes and mountains, astonishing landscapes, vineyards, alpine traditions and other stunning outdoors which seems hallucinatory.