which is the Richest Countries In The World 2020 ?
Location is a major main player in the overall wealth of a country. Third-world countries in Asia, for example, do not rank very well when GDP is the variable in consideration. If access to certain items and necessities is restricted, then people are already working with a strong disadvantage. Places that are not war-stricken or already burdened with a less-than-ideal economy are not set up to do well in the competition of gross domestic products between countries. Read on to find out the richest countries in the world 2020.
Luxembourg – (GDP per capita: $119,719)
The European country of Luxembourg has been classified and defined as the richest country in the world. The findings are based on the gross domestic product values of the countries. The GDP is calculated by dividing the total GDP of the country by the population size, and from there, you’ll end up with the GDP value per capita within a country.
Richest Countries In The World 2020 Number 2
The GDP of Norway ranks as the second-largest in the world. Back in 2017, Norway’s GDP registered as 74,571 USD. Two years later, in 2019, the country experienced a heightened jump to a GDP value of 86,362 USD.
Switzerland is yet another European country that made the list of top five wealthiest countries based on GDP per capita. The GDP of Switzerland is currently 83,833 USD. This is much higher than the GDP of Switzerland in 2017, which was registered as being 80,069 USD.
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The GDP of Ireland is 81,477 USD. Compared to the GDP of the country in 2017, the current Irish GDP is nearly 11,000 USD greater than it was. For reference, Ireland’s GDP in 2017 was 70,220 USD.
The European country of Iceland has a current GDP of 78,181 USD. Two years prior, Iceland was documented as having a GDP of 73,529 USD.
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— Jeremy Song (@tezuma75) April 18, 2020