Qatar has been ranked as the world's richest country per capita in a new list compiled by US-based Forbes magazine. Blessed with the third-largest natural gas reserves in the world, the Arab Gulf emirate of 1.7 million people is benefitting from a rebound in oil prices
In second place on the list is Luxembourg, with a per capita GDP on a purchasing-power parity (PPP) basis of $81,466
Technology, manufacturing and finance hub Singapore is ranked third on the list. The country’s GDP (PPP) per capita is $56,694
Oil-rich Brunei (ranked at No.4) has a GDP (PPP) per capita of $48,333. Forbes used International Monetary Fund data from 2010, the most recent available, while GDP figures for some countries were projections.
Hong Kong is renowned for its expansive skyline and deep natural harbour. As one of the world's leading international financial centres, Hong Kong has a major capitalist service economy characterised by low taxation and free trade, and the currency, Hong Kong dollar, is the eighth most traded currency in the world
Switzerland is one of the richest countries in the world by per capita gross domestic product [GDP (PPP) per capita: $41,950]. It also has one of the world's largest account balances as a percentage of GDP.
A highly developed country, Australia is one of the world's largest economies. Australia ranks highly in many international comparisons of national performance, such as quality of life, health, education, economic freedom, and the protection of civil liberties and political rights.