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International Monetary Fund. World Economic Outlook

According to the latest report published by International Monetary Fund http://www.imf.org/external/datamapper/PPPPC@WEO/OEMDC/ADVEC/WEOWORLD/ARE the richest country in the world per capita is Qatar with the total GDP (Gross Domestic Product) of approximately $124,930 per person.  GDP per capita is based on purchasing power parity, which compares the currencies of countries in relation to the cost of goods and is used to weigh a country’s economy in relation to others. A major revenue source for Qatar is export of natural gas, oil and petroleum products.

The second richest country in the world per capita is Luxembourg with the total GDP of $109,190 per person. A major revenue source for Luxembourg is financial sector and investments from abroad in view of favorable conditions of taxation. There are about 1000 investment funds and more than 200 banks in Luxembourg.

Among of the highest ranking countries are Singapore ($90,530), Ireland ($72,630), United Arab Emirates ($68,250), Switzerland ($61,360) and Hong Kong ($61,020).

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