Monday, 4 February 2013

Top Ten Richest Countries In the World

Ever wondered what country is the richest in the world?Here is a list of Top Ten Richest Countries In The world.A country’s wealth is not determined by it’s total earnings,but its GDP (Gross Domestic Product).So what is GDP?It is basically a measure of the value of all the services and goods produced domestically.The more these goods and services,the more the GDP.The basic factors that come into consideration while calculating GDP per capita are; Investments made by the industry,export and import ratio,consumption,and government spending.This means that the more the spending and imports,the lesser the GDP.And the more the exports,the higher the GDP.GDP has a major effect  for getting into Top Ten Richest Countries.
There is another measure with which countries are rated in this Top Ten Richest countries list.That is GDP per capita.It is basically what you get when you divide the GDP by the total population.Some say it is not a better indicator of a country’s wealth,since fast growing economies don’t mean anything if they have a large population (like India and China).So here,we have organised the top 10 list according to GDP,and not GDP per capita.
10. Canada – $1.759 Trillion
Continent:North America
Capital city:Ottawa
Population: 34,753,000
GDP per capita:$51,147
Land Area:9,984,670 km2
Official languages:English,French
Currency:CAD (Canadian Dollar–$)
Surprised?Don’t be!Canada has experienced a recent inflow of immigrants from all over the world.The growth of its manufacturing,mining and service sectors has increased productivity,and it exports various good to the U.S, U.K, Japan etc.It ranks Number 10 according to GDP per capita ($51,147) And also has made its way into our top 10 list according to its current GDP income.
9.India–$1.843 Trillion
Capital city:New Delhi
GDP per capita:$1,527
Land Area:3,287,263 km2
Official languages:Hindi,English
Currency:INR (Indian Rupee)
India is one of the fastest growing economies in the world!It’s economy is based upon business investments,private consumptions,agricultural outputs,and its key service sectors.Although it’s economy is booming,India’s GDP per capita is still far below other countries in the list.That is due to the large population.India is the second most populus country in the world after China.
8.Italy-$2.245 Trillion
Capital city:Rome
GDP per capita:$37,046
Land Area:301,338 km2
Official languages:Italian
It has a closed income of USD $2,287.704 trillion and according to the World Bank,the International Monetary Fund, and the CIA World Factbook,it has become the fourth largest economy in Europe when it comes to nominal GDP since they have diversified industrial and infrastructure economies.It is one of the eight members of the industrialized nations of the G8 group.
7.Brazil-$2.422 Trillion
Continent:South America
Capital city:Brasilia
GDP per capita:$12,423
Land Area:8,514,877 km2
Official languages:Portuguese
Currency:BRL(Brazilian Real–R$)
Brazil’s main GDP growth comes from service sectors,agriculture,mining,and manufacturing.In fact,it has the largest economy among all of the South American countries.Brazil had a GDP growth of 0.8% in 2011!
6.United Kingdom-$2.603 Trillion
Capital city:London
GDP per capita:$39,459
Land Area:243,610 km2
Official languages:English
Currency:GBP (Pound Sterling)
U.K.has an average quarterly growth of 0.58% and has retained its high GDP despite the recession that hit most other countries.Hence it has one of the most stable economy.Britain’s major income comes from the manufacturing industry (automobiles etc.),value added exports and its service sector.
5.France-$2.808 Trillion
Capital city:Paris
GDP per capita:$44,400
Land Area:674,843 km2
Official languages:French
Currency:EUR (Euro – €),CFP France
Before 2012 ended,France reached a GDP growth of 0.30%.It is focusing on industrial development.France too was adversely hit by the recession in 2008-9,but has started to come back since 2010,and establishing itself as the second largest economic force in Europe.
4.Germany-$3.628 Trillion
Capital city:Berlin
GDP per capita:$44,555
Land Area:357,021 km2
Official languages:German
Currency:EUR (Euro–€)
Germany is most well known for its manufacturing industry.It is the second largest car manufacturing company,after Japan,with respect to production and sales.And its other machinery is also renowned throughout the world for its reliability.German engineering is considered one of the best in the world and it is making lots of head-ways into research and development.
3.Japan-$5.855 Trillion
Capital city:Tokyo
GDP per capita:$45,774
Land Area:377,944 km2
Official languages:Japanese
Currency:JPY(Japanese Yen-¥)
Japan is the world leader in the automotive industry.It exports cars and other machinery worldwide.It also is the leader in modern Mechanics and Robotics,and Artificial Intelligence.Japan has managed to remain in the top 5 list for the last 52 years!All this despite the frequent earthquakes and tsunamis and other natural disasters as well as recessions etc.Hence Japan is one of the most resilient nations when it comes to coping with odds,be they natural obstructions or atomic bombs!
2.China-$6.988 Trillion!
Capital city:Beijing
GDP per capita:$5,184
Land Area:9,640,821 km2
Official languages:Modern Standard Mandarin
Currency:CNY (Renminbi Yuan)
China has amazed us and everybody else in the last couple of decades.Before,it was just a mass of people under communist rule.But in the past few decades,China has surpassed all other nation with respect to its economic growth.It is the fastest growing economy on the planet with a GDP growth of a staggering 2.15%!
1.United States of America-$15.065 Trillion!
Continent:North America
Capital city:Washington D.C.
GDP per capita:$48,147
Land Area:9,826,675 km2
Official languages:English
Currency:USD (U.S. Dollar–$)
United States is the richest country in the world.USA stays on Top in Top Ten.To tell you the truth, no surprises there!Although the GDP sum is quite staggering–more than twice that of its nearest competitor.Like China,it also focuses on trade.The highest recorded GDP growth was 3.28%! Despite recessions,and the alleged “war on terrorism”in Iraq and Afghanistan,and other wars such as Vietnam and Gulf War, it still is the world’s leading economy.That is perhaps because it is home to some of the largest and richest companies.That all about our Top Ten Richest Countries In The World list.All the quoted statistics are from latest IMF and World Bank surveys. Please accept our apologies if there is any mistake.

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