10 richest countries in the world in 2013

IMF International Fund recently announced a list of the richest countries in the world. The question is: How can it be considered a rich country? The answer: GDP, also known as gross domestic product.

GDP is a perfect indicator of the wealth of a country because it calculates the market value of all products that a country can produce. And in that way, a country will be assessed for the quality of life and health care services for the people.

The following is a list of the 10 most prosperous countries.

10. Singapore

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Singapore may be the smallest country in Southeast Asia in size but that is not a barrier to the speed of miraculous growth of the region's largest financial and high-tech center.

Even this island nation is considered to be the most competitive and friendly business market in the world.

In addition, Singapore's main activity is import and export of goods. This market ranked 14th in export volume and 15th in import. Singapore is ranked by the world's most famous rating agencies at AAA level.

Tourism is also a major contributor to the national economy. Every year, Singapore attracts millions of tourists. Since the 2000s, the government has decided to legalize gambling. That's why integrated resorts (with casinos) are allowed to build.

9. Canada

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Canada ranked 9th among the most prosperous countries. The country also holds the 11th position in terms of human growth. There is no denying that Canada is an ideal country to live in.

A high rank of human development means that children are born to ensure a good and safe future. This also means that the education here is very developed and the living standard is quite high.

These achievements are the result of proper political and economic policies, all of which help people here have a full life both physically and mentally.

8. Denmark

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The Kingdom of Denmark possesses one of the most powerful economies in the world. It is known as Europe's most free labor market.

Extremely effective business principles have made this country's workforce flexible and safe. In fact, European people believe that the best place to do business is Denmark. People can succeed in just a few hours at a very low cost.

Danish people support globalization because they believe it is the right way to bring a better life. This belief has helped Denmark occupy the 9th position in terms of per capita export. Major export sectors of this country are industrial products, agricultural products and pharmaceuticals.

7. Sweden

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The engineering industry in Sweden is very powerful and makes a great contribution to the prosperity of the economy.

Besides, trade is also an important factor in that successful formula, with the advantage of extremely rich resources of iron, hydropower and timber.

In addition, telecommunications, pharmaceuticals and the automotive industry also contribute to strengthening the nation's strength.

6. United Arab Emirates

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Referring to the United Arab Emirates (UAE), we always remember oil. Indeed, oil and natural gas contribute greatly to the economy of this country. However, the UAE is still trying to find other ways to develop its economy alongside oil production.

Tourism is the savior for this oil country to escape the financial crisis of 2007 - 2009. Since the UAE began to diversify its economy, the country has gone upstream to gain position. 6th among the richest countries in the world.

5. Australia

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Australia is known to be a booming economy. In fact, this economy has been "fruit-making " for the past 20 years. A large country of only 23 million people, Australia is well known for its service industry, employing a large number of its workforce.

Among developed countries, Australia was the only country that did not encounter any problems during the 2008 - 2009 financial crisis, although the country was still partially affected, by the Other affected countries are Australia's important business partners.

4. Switzerland

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Switzerland is one of the typical examples of a powerful economy thanks to protectionism. The country has decided to protect the economy by a very high tax rate, whereby the domestic economy has a chance to grow.

Along with subsidized agriculture, the domestic industry in Switzerland is also motivated to increase production.

3. Qatar

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Qatar has an advantage over many other countries because of its huge oil reserves. 13% of natural gas reserves across the planet are located in Qatar. That's why this country is always safe no matter what financial crisis may happen within the next century.

Qatar's economy depends largely on foreign workers because most of its workforce are immigrants.

2. Norway

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Norway is famous for having the highest living standard. The country's prosperous economy is due to oil and gas exports. And promising for many years to come, this will still be one of the most stable, efficient and richest economies on the planet.

Oil and gas is one of the main resources explaining Norway's prosperity. However, even without oil, the country could rely on its fishing, mining and hydropower industry. Norway is one of the countries with the lowest unemployment rate in the world.

The benefits of a rich and productive economy have brought free health care to Norwegian citizens.

1. Luxembourg

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Luxembourg's stable economy is the result of moderate growth, low inflation rate and rapid pace of innovation. The industrial sector has also helped this economy boom, starting with steel and then diversifying into other products such as chemicals and rubber.

Banking and financial services also contributed a significant part to the booming economy. The banking industry in Luxembourg is the ideal destination for investment projects and that has helped this small country seize the position of the richest country on the planet.

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