When it comes to the richest countries in the world, what often comes to mind are two countries, namely the United States and China. Others may mention Japan.
Indeed, if measured by the amount of gross domestic product or GDP, the three countries mentioned above are the top ranking globally. However, that does not mean that most of the population is prosperous and prosperous.
A more accurate indicator of a prosperous country is measured using per capita income because per capita income can also be a measure of the distribution of wealth distribution of the population in a country.
GDP is the total value of production and services produced by all people or companies in a country. Meanwhile, per capita income is the total GDP divided by the total population.
Luxembourg is currently the richest country in the world based on per capita income. Luxembourg is a small landlocked country surrounded by Germany, France and Belgium. Today, Luxembourg is listed as one of the most important financial centers in the world.
However, until the early 20th century, the country's economy was largely dependent on the steel industry. Luxembourg started with major efforts to diversify its economy from steel dependence since the late 1950s. For one thing, the country has begun to focus on the luxury and high-quality goods industry and the financial services sector.
However, with a small population, which is only around 613,000 people, the per capita income reaches US$ 131,781. This means, if converted into rupiah, each resident of Luxembourg generates an average income of Rp 1.89 billion per year. The number of GDP and per capita income is based on data released by the IMF as of April 2021 with the reference to the US dollar.
The second richest country in the world The richest country in the world in second place based on per capita income is Switzerland. Like Luxembourg, Switzerland is also a country that is poor in natural resources.
Switzerland is the country with the second highest GDP per capita in the world, and the country with the world's largest economy at number 18. Switzerland's total GDP is 824.74 billion US dollars and per capita income is 94,696 US dollars. Services is the most dominant sector in the Swiss economy with a share of almost 74 percent. The industry accounts for about 25 percent with less than 1 percent coming from the agricultural sector. Not much land in Switzerland that can be used as agricultural area. The country is dominated by mountains and in some locations more often covered with snow. That's why for food matters, Switzerland relies heavily on imports.
However, on the other hand, this country is blessed with stunning nature so that the Swiss tourism sector also contributes greatly to the economy. The EU is Switzerland's main trading partner, about 78 percent of Switzerland's imports come from the EU, while 43 percent of Swiss exports are also destined for EU countries. The country enjoys a unique position in the luxury watch industry. Switzerland is also one of the countries with the highest amount of spending on research and development (RnD) in the world. Switzerland invests about 3 percent of GDP in research and development every year. This makes the country so rich in high-value products in almost all industrial sectors. The economy is expected to grow by 3.5 percent in 2021 and is projected to record a per capita income of over $100,000 by 2023.
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Luxembourg is currently the richest country in the world based on per capita income. Luxembourg is a small landlocked country surrounded by Germany, France and Belgium. Today, Luxembourg is listed as one of the most important financial centers in the world.
However, until the early 20th century, the country's economy was largely dependent on the steel industry. Luxembourg started with major efforts to diversify its economy from steel dependence since the late 1950s. For one thing, the country has begun to focus on the luxury and high-quality goods industry and the financial services sector.
However, with a small population, which is only around 613,000 people, the per capita income reaches US$ 131,781. This means, if converted into rupiah, each resident of Luxembourg generates an average income of Rp 1.89 billion per year. The number of GDP and per capita income is based on data released by the IMF as of April 2021 with the reference to the US dollar.
The second richest country in the world The richest country in the world in second place based on per capita income is Switzerland. Like Luxembourg, Switzerland is also a country that is poor in natural resources.
Switzerland is the country with the second highest GDP per capita in the world, and the country with the world's largest economy at number 18. Switzerland's total GDP is 824.74 billion US dollars and per capita income is 94,696 US dollars. Services is the most dominant sector in the Swiss economy with a share of almost 74 percent. The industry accounts for about 25 percent with less than 1 percent coming from the agricultural sector. Not much land in Switzerland that can be used as agricultural area. The country is dominated by mountains and in some locations more often covered with snow. That's why for food matters, Switzerland relies heavily on imports.
However, on the other hand, this country is blessed with stunning nature so that the Swiss tourism sector also contributes greatly to the economy. The EU is Switzerland's main trading partner, about 78 percent of Switzerland's imports come from the EU, while 43 percent of Swiss exports are also destined for EU countries. The country enjoys a unique position in the luxury watch industry. Switzerland is also one of the countries with the highest amount of spending on research and development (RnD) in the world. Switzerland invests about 3 percent of GDP in research and development every year. This makes the country so rich in high-value products in almost all industrial sectors. The economy is expected to grow by 3.5 percent in 2021 and is projected to record a per capita income of over $100,000 by 2023.
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