Top 5 richest countries of the world

5. United Arab Emirates – $55,200

This oil and natural gas rich country has a highly developed economy which makes it one of the most developed in the world. Having more money than they know what to do with, they have built numerous artificial islands and just finished building the worlds highest structure – Burj Khalifa. It is 828 meters tall, being about 2 times as high as the Empire State Building in New York. It is estimated that about 1/4th of the total construction going on in the world is taking place in Dubai – one of the largest cities in United Arab Emirates.

4. Kuwait – $55,300

In Arabic Kuwait translates to “Fortress built near water”. In addition to being on the coast of the Persian Gulf this country has well known neighbors like Saudi Arabia and Iraq. Kuwait has the worlds fifth largest proven oil reserves – about 10% of the worlds total. Being a country without taxes, about 80% of the governments revenue comes from exporting oil. Having the the second-most free economy in the Middle East, Kuwait has one of the fastest growing economies in the region. (Thanks to Alsab3a from Stumbleupon for a little tip!)

3. Norway – $55,600

Norway is one of the few highly developed countries in Europe tthat are not part of the European Union. This oil and natural gas rich country has living costs more than 30% higher than in the United States. In 2006 only Russia and Saudi Arabia exported more oil than Norway.

2. Qatar – $75,900

This Arabic speaking country has less than million people and gained independence from Great Britain only in 1971. Qatar used to be a poor Islamic country but since the discovery of oil and natural gas in the 1940s, it is completely transformed. With no income tax it is one of the least taxed countries in the world, while still offering most of its services to the population for free. (Who needs tax when you have all this oil and gas money coming in).

In 2009 Qatar is also expected to be the fastest growing economy in the world!

1. Luxembourg – $80,800

This tiny country with a total population of less than 500 000 is a true European miracle. By tiny we mean the 8 smallest country in the world. From top to bottom it’s only about 50 miles and at its widest about 30 miles.

Where does the money come from?
Well, there is over 250 banks crammed into the small country! It has the largest banking concentration in the European Union and probably in the world. In addition to being rich the people are smart as well. In elementary school everyone studies in French, starting from middle school they learn in German and in highschool the main language is English.
Their own language – Lëtzebuergesch. When picking up a local newspaper be prepared to find articles in all languages.

If your country is on the list and you have an interesting fact about it – let me know in the comments and I will add it to the list!