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10 Richest Countries In The World 2021

10 Richest Countries In The World 2021

[] 10 Richest Countries In The World 2021 – Many people who claim to have found the secret to overall happiness argue that it has nothing to do with money. There’s a good chance you’ve heard the statement “Money can’t buy happiness” at some time in your life. It is one of the most famous cliches ever, and although there is some truth to it, there is also a plethora of studies that demonstrates money can lead to overall happiness.

This counterargument is based on the fact that many unfavorable feelings and events stem from a less-than-ideal financial status. Things like leasing a car, purchasing a home, or renting an apartment become difficult or impossible when your credit score is poor owing to delinquent credit card debt. Your financial situation can have a significant impact on your ability to provide for yourself on a lavish level or to purchase the minimal requirements that humans require to survive.

Everything in the world is expensive, and there is no exception to such a strong statement. People are quick to argue that you cannot buy experiences or memories, but the truth is that you must have a source of funds in order to travel anyplace and experience new cultures, countries, or any other travel-related undertaking.

You can make memories by doing things that don’t cost money. Still, your alternatives are severely restricted, and you can only make the same experience of hanging out in your garden so many times before it gets boring and unworthy of retaining in your long-term memory. While it is not always true that wealthier people are happier, they are significantly more capable of paying for anything they require and avoiding any tension, anxiety, or depressed symptoms that may arise as a result of being unable to buy anything you require.

By examining the GDP per capita, or gross domestic product per capita, of each country throughout the world, it is feasible to rank and compare countries based on wealth. You may then decide which states are the wealthiest and list the countries in descending order, richest to poorest. Here is the final ranking of the world’s 194 countries, from richest to poorest.

Here’s a look at the top ten as of April 2021 :

  1. Luxembourg (GDP per capita: $118,001)
  2. Singapore (GDP per capita: $97,057)
  3. Ireland (GDP per capita: $94,392)
  4. Qatar (GDP per capita: $93,508)
  5. Switzerland (GDP per capita: $72,874)
  6. Norway (GDP per capita: $65,800)
  7. United States of America (GDP per capita: $63,416)
  8. Brunei Darussalam (GDP per capita: $62,371)
  9. Hong Kong SAR (GDP per capita: $59,520)
  10. Denmark (GDP per capita: $58,932)

The location of a country has a significant impact on its overall prosperity. When GDP is used as the criterion, underdeveloped countries, for example, do not fare well. People are already at a significant disadvantage if access to particular commodities and necessities is restricted. Places that are not war-torn or already have a less-than-ideal economy are not well-positioned to compete in the competition of gross domestic products between countries.

This is why, when looking at the world’s wealthiest countries, regions where trade or large production is the principal source of income rank higher on the list. Poorer countries are less active in global trade, and they are more independent in the sense that they have less direct involvement in international politics than wealthy countries. This is because money and power are inextricably linked, contributing to a country’s overall wealth and GDP.

Furthermore, these figures should be interpreted with caution. Some countries, for example, are viewed as “tax havens” as a result of pro-business government tax policies. For some countries, a major portion of GDP may be money funneled through the country by overseas firms rather than domestic product. Furthermore, keep in mind that these figures are averages. Wealth is never dispersed in an even distribution. Individuals in every country will fall well above and below these numbers. As a result, even the world’s wealthiest countries will have inhabitants who qualify as impoverished.

The following are the world’s ten richest countries:

  1. The United States ($18.62 trillion)
  2. China ($11.22 trillion)
  3. Japan ($4.94 trillion)
  4. Germany ($3.48 trillion)
  5. The United Kingdom ($2.65 trillion)
  6. France ($2.47 trillion)
  7. India ($2.26 trillion)
  8. Italy ($1.86 trillion)
  9. Brazil ($1.80 trillion)
  10. Canada ($1.53 trillion)

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