Wealthiest Countries in the World

A small size, a large endowment of natural resources and a highly developed banking system appear to be key ingredients for countries that hope to achieve high standards of living, not necessarily an easy model to replicate. In fact, according to the International Monetary Fund, the ranking of nations by per-capita income is dominated by those that possess such characteristics. So, if you want to know about them, there is an article compiled by the experts of Insidermonkey on the wealthiest countries in the world.

As I mentioned, this list is made by the experts of Insidermonkey. While the GDP (PPP) is a good indicator of a country's wealth, calculations based on nominal GDP often tend to overlook the cost of living in each country. This list of the top wealthiest countries in the world is based on the International Monetary Fund's World Economic Outlook Database, which uses the GDP per capita of each country, adjusted for cost of living and inflation rates of different countries. Smaller nations such as Qatar and Luxembourg therefore, head the list. And moreover, if you want year specific information, there is another article on The 20 Wealthiest Countries In 2013 as well.