The richest countries in the world

                        The richest countries in the world

Do you know what countries have the most wealth per capita what do they do to get so much money is it worth living there if you want to figure it out here I go

Number 10 Denmark

                                         

                 

In this top 10, we're going to use per  capita GDP  which is all the goods and final services  that a country produces in a year  in other words the gross domestic  product divided by the number of people  living in the country  den marks per capita GDP are 61  478 u.s dollars  its economic model is known as flex  security  where employers can hire and fire  employees as they please  there's no minimum wage and you can  start up a business within hours, on the other hand,  the unionization rate  is high  and there are a lot of collectives  agreements between companies and  employees  they can get excellent unemployment  insurance though in six months the  insurance is halved and in two years it  fully runs out  to get this insurance you must pay a  membership to the unemployment funds  that is generally controlled by the  unions and receive government assistance  also, there's a social support system in  charge of making sure that everyone has  the minimum necessary to live 

what do you think of the danish system  do you go for flex security or job  stability and minimum wage are more  important for you

Number 9 San Marino

                                       

per capita GDP of this small landlocked, a country surrounded by Italy is sixty-one thousand five hundred eight dollars san Marino was a tax haven but it introduced measures such as forbidding anonymous companies in 2010  and reducing bank secrecy in 2017 to  finally, be removed from the blacklist  this was a hard blow to san marino's  economy  between 2008 and 2017 the GDP decreased 

by 30 percent but the country managed to  reverse the trend by driving  manufacturing and tourism 

attracting foreign investment with  significantly lower taxes than the rest  of Europe  and succeeding in getting companies to  open a branch in the country even though it's not a member of the  European Union  can Marino helps the organization to stop money laundering and its currency 

is the euro  it's so national designs are even on the back of this currency  as if it were a member of the eurozone  plus it's the only country in the world  where there are more cars than people 

Number 8 Brunei

so the sultan can allow himself to try imposing laws inspired by Islamic law such as the death penalty for adulterers and homosexuals although international pressure made him take this law back

Number 7 the united states of America

This country has a per capita GDP of 68 309 dollars and is the largest importer and the second largest exporter of goods in the world it's home to 30 percent of the millionaires in the world 40 multi-millionaires and 139 out of 150 of the world's biggest companies the private sector represents 86.4 percent of its economy and this largely depends on the 30 million small companies that provide jobs for 36 percent of the employees whereas the big companies hire 37 percent of them and the state hires 14 of them what's certain is that only slightly more than half of these small companies survive after five years its population has the higher income among developed countries but not everything is beautiful there are more imports than exports the the welfare state is small and fewer goods are redistributed than other advanced economies this is the only developed country that doesn't ensure either paid sick or parental leave the richest 10 percent controlled 72 percent of the wealth between 2010 and 2011 and according to forbes only three people warren buffett jeff bezos and bill gates controlled more wealth than the lower half of the population in 2017. that year more than half a million people were homeless in 2018 18.5 million Americans lived in extreme poverty middle class income stalled between 1998 and 2016 and 15 percent of the population doesn't have health insurance

Number six Norway

such as the north sea oil that made them rich in the seventies the government employs thirty percent of the economically active population and health care is almost free because it

charges the members around 225 dollars a year oil assets are invested in a sovereign

wealth fund and the state can't freely draw on it although it can use the earnings this is the largest sovereign wealth fund of all with 1.3 trillion dollars invested in assets and it controls one percent of all the shares in the world giving great power to the company's boards of

directors the Norwegian government had influence in Facebook and google's decision to

regulate the fake news and close the gender pay gap despite its oil Norway boosts the

purchase of electric cars in its territory by cutting taxes the country hopes it won't depend on

fuel by 2025 t's paradoxical isn't it

Number five Switzerland

it implements a system of direct democracy through which there's a referendum every four months to vote on the main laws Switzerland's per capita GDP is 75 880 the taxes are low and business creation is encouraged swiss neutrality has made banking an important sector 28 percent of all extraterritorial funds in the world are located there also its manufacturing industry is significant with remarkable companies such as nestle the pharmaceutical company Roche and watch manufacturers Rolex Richmond and swatch despite its high living standard only 37 percent of the population has its own home and there's no minimum wage except in the canton of geneva did you know that they encourage recycling by charging for garbage pickup if you don't use official bags or don't put government stickers they won't

collect your garbage

Number 4  Qatar

projects other important markets are the production of petrochemicals fertilizers and Islamic finance that is banks that don't invest in activities inconsistent with the sharia law such as alcoholic beverages and that don't charge interest but a fixed overcharge for credit purchases

Number 3 Ireland

multinationals were able to expand their headquarters and hire more people in 1999 the special economic zone spread to the rest of the country and now multinationals employ a quarter of the Irish workforce and pay 80 percent of the business taxes in total 14 out of the 20 leading companies in the country are us multinationals we can find apple google facebook intel Pfizer and Microsoft these names won't surprise you if I say that this country is one of the largest exporters of pharmaceutical products medical equipment and software

Number 2 Singapore

with 102 742 dollars a per capita GDP this city-state is a country with the highest percentage of millionaires one in six households has a million dollars available or more also it's the second busiest port in the world per cargo tonnage the largest ship repair center and a major oil refiner 44 of its workforce are foreigners there's no minimum wage the income tax is very low and the duty is practically non-existent the government forces its population to save a quarter of their salary they'll use this money for medical emergencies education or pensions to reduce poverty the state gives the equivalent of about 295 or 740 us dollars to the neediest households covering health and education plus it gives a voucher worth the equivalent of 122 500 us dollars to each citizen who has children provides poor students with low-cost laptops and refunds for public transport however there's no freedom of expression and there are some strict rules such as forbidding chewing gum and people can be punished with up to two years in prison

Number one Luxembourg

The largest per capita GDP in the world is none other than 122 740 dollars the major economic activities are banking and industry especially steel making this country the third most competitive financial center in Europe after London and Zurich and the most important banking center in the eurozone it benefits from its political stability good connections with the rest of Europe and traditional bank secrecy in 2009 there were 152 banks with 27 000 employees in the steel sector the great and producer our bed stands out where the government has a share of 31 the minimum wage is about 2 600 a month and since 2020 public transport is free to have you decided which country to move

But don't let it fool you may think the 460 000 inhabitants live like the Danes but the truth is they live humbly because most of the earnings go to the sultan and his family they manage the dividends that the main national products such as oil and natural gas bring these are 90 of the GDP they fund their luxury life with this, for example, the sultan's rolls-Royce car is covered in gold but they provide residents with certain benefits such as free education and healthcare subsidized funerals and low-interest home and car buying which has resulted in the fact that there's a car for every two people just to avoid opposition to the monarchy

Norway's per capita GDP is hundred seventy 69 dollars the state controls strategic sectors

Switzerland is divided into cantons that share a currency foreign policy and constitution

Its per capita GDP is 97 262 dollars there's no income tax in this country and its unemployment rate is 0.1 percent its economic boom was during the 90s when apart from the oil that they were already exploiting they went for liquefying the gas that is converting it into a liquid for easy export currently oil and gas are 85 of its exports and even though the oil fields are expected to run out by 2023 this country has the largest gas supplies in the world thanks to the earnings Qatar has a sovereign wealth fund like that of Norway that has 330 billion dollars in assets from which five billion dollars are invested in manhattan's building

Its per capita GDP is 99 239 dollars in 1987 this country was opened to receive foreign investments and had a special economic zone with reduced taxes but its unemployment rate was 17 as a result of a reduction in the wage tax and the simplification of labor legislation

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