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Qatar, Qatar ranks number one on the list of the top 10 richest nations because of its high GDP (PPP) per capita of $141,543. Qatar has a well-developed oil exploration industry where the petroleum industry accounts for 70% of its government revenue, 60% of its GDP and 85% of its export earnings.
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Luxembourg, A symbol of wealth, number two on the list has a per capita GDP (PPP) of $101,926, which is nine times the world average. The backbone of this strong economy is its vibrant financial sector, prudent fiscal policies, and dynamic industrial and steel sectors.
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Singapore, This tiny city-state has moved up from 5th position to take 3rd with per capita income (PPP) of $85,382, which is five times the average per capita income for an ordinary individual in the world.
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Brunei, Brunei, a small country with a wealthy economy that is a mixture of foreign and domestic entrepreneurship, government regulation and welfare measures, and village tradition has led to GDP per capita (PPP) of $78,369.
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Kuwait is a small, relatively open economy and its citizens enjoy a per capita GDP (PPP) of $74,646. The highest-valued currency unit in the world currently is the The Kuwaiti dinar.
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The United Arab Emirates, This Middle Eastern federation of emirates has a land area of about 32,278 sq. miles, which means it could easily fit within New York State (54,556 sq. miles). With a population of 9.2 million people.
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Ireland, The Emerald Isle has a per capita income of about $65,144 with a population of about 4.8 million people. The main industries that boost its economy are textiles, mining, and food proctuon - staple products in any economy.
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Norway, This Nordic nation's per capita GDP of $61,197 allows its 4.97 million people to reap the benefits of a small yet robust economy.
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Switzerland, The GDP (PPP) per Swiss citizen is $61,086. Swiss banking and financial institutions keep this country and its economy afloat.
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The United States, While most nations on the list have small populations (relatively), it is impressive that the world's largest economy, the United States, can maintain a per capita GDP (PPP) of $56,116, considering its population of over 310 million people.
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