Know about story of the World's Richest Country
Accordingly india is a country which has established its influence across the world. india is the 5th largest economy after America, China, japan and Germany. But when it comes to being included in the list of the world's richest countries, India's name does not even appear in the top-100. This forces us to think why so much inequality? You will probably be surprised to know that many of the richest countries in the world are among the smallest.
Meanwhile the list of ten richest countries in the world includes 4 countries of Asia and 5 of Europe. luxembourg, a small country in Western europe, is the richest in the world. It is surrounded by Belgium, france and Germany. luxembourg is the 7th smallest country in europe in terms of area. The population here is only 6.50 lakh. The government of luxembourg spends a large part of the country's wealth on providing better housing facilities, health care and education to its people. luxembourg is a developed country, where GDP per capita income is the highest at $ 143,320. luxembourg is a founding member of the european union, the United Nations, the european union, NATO and the OECD.
There are many ways to measure whether a country is considered rich, but one of the most common is GDP per capita income. GDP is the total value of all products and services produced in a year. When GDP is divided by the total population of the country, then GDP per capita income is arrived at. Per capita GDP tells how much each person in a country earns on average. This is a way to estimate the standard of living of the citizens of a country. It is considered a better scale than GDP to measure the economic condition of a country.