Qatar, The World's Richest And Most Prosperous Country

Tuesday, September 21, 2010

Qatar, World's Richest CountryQatar has emerged as the richest country in the world with per capita income of U.S. $ 90,149 in 2010.

Latest Publication by leading U.S. business media, Global Finance said Qatar's per capita income increased compared to last year amounted to U.S. $ 83,841.

Came in second place was Luxembourg, which is known as the richest country since long. The per capita income of the country with a very small populations has reached U.S. $ 79,411. The third position is occupied by Norway with per capita income of U.S. $ 52,964.

Meanwhile, Singapore was in fourth position with per capita income of U.S. $ 52,840. Brunei was in fifth place with U.S. $ 48,714.

As the most prosperous country in the world, according to a publication that was released 19 September 2010, Qatar get a blessing from the jump in state revenues was driven by increased production and export of liquefied natural gas (LNG). In fact, Qatar has become the biggest gas exporter in the world with production reaching a record of 77 million tons per year.

Interestingly, Qatar is the only representative from the Arab region who were in the top 10 richest countries of the world. Among Arab countries, Qatar ranked first. Second position in the Arab countries, Kuwait with income per capita of U.S. $ 38,984 or only half if compared with Qatar.

Qatar is not only known as the richest country and the largest gas producer. However, this country is the most competitive countries in the Middle East. According to data from the World Economic Forum 2010-2011, Qatar was in 17th position as the most competitive country in the world and number one in the Middle East.

Qatar is a country with a stable macroeconomic environment, efficient markets, bureaucracy and institutional quality, efficient and low-level government corruption, as well as a very good level of security. World Economic Forum this September has reported that "Qatar is the fastest growing country in the world, in 2010 Qatar economic estimated to grow 18.5 percent,"
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