TOP 10 RICHEST COUNTRIES IN THE WORLD 2021 | TopX | Bilal Masood

 

TOP 10 RICHEST COUNTRIES IN THE WORLD 2021

Which country has most billionaires 2021?Hey guys the world is currently under one of the greatest health and economic crisis in history with solid economies that keep issuing money to overcome the crisis the increase of Bitcoin and the uncertainty of global financial markets there's a race between countries to see which will remain among the most powerful in the world I’m Bilal Masood and according to estimates by the international monetary fund based on GDP per capita these are the 10 richest countries in the world in 2021.Which country has more billionaires?

Luxembourg 

Luxembourg’s economy the services sector represents almost 79 of the tep and more than half of it accounts exclusively for financial and real estate services just like Switzerland this country used to offer fiscal benefits to attract funds but in the past few years financial practices standardization measurements have been applied which concerned those related to economy this has fostered sectors like telecommunications logistics e-commerce and biotechnology the industrial sector represents only five percent of the tep and has historically been dominated by the production of iron and steel Luxembourg has a population estimated in 626000 people but its workforce is larger as more than 190000 workers across the borders of France Belgium and Germany every day to go to work according to the IMF in 2021 its GDP per capita will reach twenty five thousand nine hundred and twenty dollars making Luxembourg the richest country in the world۔

Ireland

Ireland just like most developed countries the republic of Ireland also bases its economy around the services sector but to a lesser extent this sector represents 55 of the tep and employs 75 of the active population banking and the financial sector have experienced such growth that Dublin is considered an important international financial center it also has a modern and developed industrial sector that represents 37 percent of the tep based mostly on the clothing the chemical and the electronic industries lastly agriculture represents less than one percent of the GDP and the most important activities within this sector are meat and dairy production with almost 5 million inhabitants its economy is expected to have an increase of 6 in 2021 reaching a GDP per capita of 90480.

Switzerland

Switzerland has one of the most stable powerful and modern capitalist economies in the world the services sector represents almost 72 percent of its GDP and employs 77 percent of the active population its economy is known for providing fiscal benefits to attract foreign funds which is why within the services sector banking represents 9.1 percent of the GDP tourism another very important economic activity within services was the most effective during 2020 on the other hand the industrial sector which generates 25 of the GDP is known internationally for the high quality of its manufacturers including watches musical instruments in times generators turbines among others with a current population of 8.6 million inhabitants by 2021 its GDP per capita is expected to grow 3.8 percent reaching 90360 dollars۔

Norway

Norway like in most post-industrial countries the services sector is highly developed employs more than three quarters of the population and makes up 57 of the GDP it also has a strong industrial sector which employs less than a fifth of the workforce and represents almost 32 percent of the GDP this sector depends greatly on sources of energy and natural resources however Norwegians are starting to worry as it is estimated that oil might start to become scarce within the next two decades as a consequence they have been saving their budget surplus driven by oil in a government fund with assets estimated in 1 trillion 232 billion dollars at the beginning of 2021. these are invested in more than 9200 companies in 74 countries according to the fund's website with a population of 5.3 million inhabitants its GDP is expected to reach 76 410 dollars by citizen by 2021.

United States Of America

United States Of America while it has the largest nominal gdp in the world America only reaches top 5 on this list given that it is ranked by GDP per capita and the USA has a massive population estimated in 333 million inhabitants America whose economy is based mostly around services which generate 77 of the GDP and employ more than 79.4 of the workforce it's home to big companies like Google Microsoft apple Amazon and face book this country is highly industrialized with excellent productivity levels and use of modern technology which accounts for 18.2 percent of the tep making the U.S a world leader in automotive aerospace pharmaceutical and food production the united states is definitely one of the most affected countries due to corona virus which has resulted in its currency suffering evaluation these last couple of months however it makes it into top 5 thanks to a GDP per capita estimating 661440 for 2021۔

Denmark

Denmark the services sector accounts for three quarters of the GDP and employs around 78 percent of the population on the other hand the industrial sector which generates almost 22.5 of the teb is one of the  world leaders in wind turbine production exporting 85 of them the most active sectors are the chemical pharmaceutical and biotechnological Denmark as well as Sweden is one of the countries trying to go cashless by 2030 which is why cash has already been banned in some clothing shops gas stations and restaurants with a population of 5.8 million people by 2021 its GDP is expected to reach 63 640 per inhabitant.

Singapore

Singapore with a population of 5.64 million citizens is the 7th richest country in the world the services sector the most important one for its economy represents approximately seventy percent of the tep and implicitly three percent of the workforce it's mainly based on trade telecommunications financial services logistics and transport with one of the most prominent and developed words in the world as the country is a major note for regional trade Singapore’s economy is highly industrialized the sector represents approximately 25 of the tep employs 16 of the population and is based on electronics and the petrochemical industry according to the IMF's most recent projections the GDP will increase three percent in 2021 reaching 62 hundred and ten dollars per inhabitant.

Iceland

Iceland it serves a sector which represents almost 64 of the GDP and employs 79 of the workforce is based mainly on software development biotechnology and tourism the agricultural industry contributes with 4.6 of the tep with phishing as one of its main sectors representing near 40 percent of exports finally the industrial sector represents approximately 19.6 percent of the GDP and employs 17 of the workforce Iceland’s workforce consists of 215000 people out of a total population of 365000 and it's the largest power producer per capita in the world according to the current IMF forecast for 2021 Iceland will undergo an important recovery of almost six percent reaching a GDP per capita estimated in 58370۔

Netherlands

Netherlands the Dutch economy is based mainly on the services industry which represents 70 percent of the national revenue and implicitly 2 percent of the country's workforce this sector focuses mainly on  transport distribution logistics banking insurance hydraulic engineering and new technologies on the other hand the industrial sector produces nearly 18 percent of the country's GDP mainly through the food metal and petrochemical industries finally the agricultural sector represents almost 1.6 of it being the largest flower exporter in the world due to the covet 19 crisis in 2020 the country's economy decreased in 4.2 percent and it's expected to have a slow increase of 2.8 percent due to the new wave of cases reaching an estimated GDP per capita at 58030۔

Sweden

Sweden one of the two most important sectors for the Swedish economy is the industrial which represents 23 percent of the tdp and depends greatly on the production of large companies like Electrolux Volvo scania hnem Ericson and IKEA the other is services which represent 65 of the GDP powered by telecommunications and I.T services in spite of being one of the European countries with less restrictive measures during corona virus fostering its economy it also entered into recession due to its main trade partners the Nordic countries and the European union in general its currency the Swedish Corona remains strong at an international basis with a current population of 10.15 million people its gp is expected to grow approximately 3.5 percent in comparison to 2020 reaching 57 660 dollars per citizen۔

Thanks for watching what do you think  if you liked the Blog please leave your comments below I’m an aspiring blogger from Pakistan  don't forget to comment your opinion on this country's richness that's it for now guys thanks for watching see you in the next Blog.