No 1: Qatar
Qatar erstwhile ranked as the world's richest country per capita in a new list compiled by US-based Forbes magazine. Sanctified with the third-largest natural gas coffers in the world, the Arab Gulf emirate of 1.7 million people is benefitting from a spring back in oil prices.
No 2: Luxembourg
In second place on the catalog is Luxembourg, with a per capita GDP on a purchasing-power parity (PPP) basis of $81,466.
No 3: Singapore
Technology, Urbanized and finance hub Singapore is ranked third on the list. The country’s GDP (PPP) per capita is $56,694 (estimated from 2009).
No 4: Norway
To rank the world’s wealthiest countries, Forbes looked at GDP per capita familiar for purchasing power for 182 nations. At No.4, with a GDP (PPP) per capita of $51,959 (estimated from 2009) is Norway.
No 5: Brunei
Oil-rich Brunei (ranked at No.5) has a GDP (PPP) per capita of $48,333.
Forbes used International Monetary Fund data from 2010, the most new available, while GDP figures for some countries were projections.
No 6: UAE
UAE oil reserves are ranked as the worlds sixth-largest [and it possesses one of the most urbanized economies in West Asia. The country’s GDP (PPP) per capita is $47,439 (estimated from 2009).
No 7: United State
With a GDP (PPP) per capita of $46,860, US is ranked at No.7 on the Forbes list.
According to Forbes, the PPP-adjusted GDP—preferred by economists when making international comparisons—takes into account the relative cost of living and inflation rates, rather than just exchange rates, which may distort real differences in worth.
No 8: Hong Kong
Hong Kong is renowned for its expansive skyline and deep natural harbour. As one of the world's leading international financial centres, Hong Kong has a major capitalist service economy characterised by low taxation and free trade, and the currency, Hong Kong dollar, is the eighth most traded currency in the world. Hong Kong has a GDP (PPP) per capita of $45,944.
No 9: Switzerland
Switzerland is one of the richest countries in the world by per capita gross domestic product [GDP (PPP) per capita: $41,950]. It also has one of the world's largest account balances as a percentage of GDP.
No 10: Netherlands
The Netherlands was one of the world’s first countries to have an elected parliament. And the benefits of democracy seem to be reaching its citizens. Its GDP (PPP) per capita is $40,973.