World’s Most Richest Country – According to an analysis by the Global Finance Magazine, the top three richest countries in the World are Qatar, Luxembourg and Singapore. The magazine has determined the poorest and richest ones based on data from the IMF. The analysis also used a Purchasing Power Parity (PPP) basis, which takes into account the living cost and inflation rates, in order to compare living standards between the different nations.
Using this measure Qatar, located of the east coast of Saudi Arabia, has come in as the richest country in the world over the 2009-2013 period. The Democratic Republic of Congo is at the other end of the spectrum and has been the poorest country in the world over the 2010-2013 period.
- Qatar shares its borders with the Kingdom of Saudi Arabia to the west and the Persian Gulf to the east.
- The Global Peace Index ranks features Qatar as one of 20 most peaceful countries in the world.
- Qatar will host the FIFA World Cup in 2022.
- Doha is the capital city of Qatar and is derived from the Arabic word ‘Ad-Dawha’, which translates into ‘the big tree’.
- Tamim bin Hamad Al Thani is the current Emir of Qatar. The emirs of Qatar are members of the Al-Thani dynasty and the state of Qatar was founded in 1850 by Muhammad bin Thani.
Test Your Knowledge
What is the currency of Qatar? Qatari Riyal.
