Qatar Secures Place Among the World's Top 10 Wealthiest Nations

Doha

Qatar has recently gained recognition as one of the wealthiest nations globally, securing a position in the top 10 based on Gross Domestic Product (GDP) per capita. The assessment, which considers GDP per capita adjusted for Purchasing Power Parity (PPP), underscores Qatar’s significant economic achievements and the high standard of living enjoyed by its residents.

Initially ranked fourth by Global Finance magazine in January 2024, Qatar was later positioned seventh according to more recent updates from Forbes India and NDTV World in April 2024, citing data from the International Monetary Fund (IMF). The top 10 list is led by Luxembourg, boasting a GDP per capita of $140,312, followed by Ireland, Switzerland, Norway, and Singapore.

Iceland secures the sixth spot with $87,875, followed by Qatar at seventh with $84,906. The United States, Denmark, and Macao SAR complete the list, reflecting a diverse range of economies from large to smaller, dynamic nations. Qatar’s inclusion underscores its robust economic framework and successful policy implementation aimed at fostering growth and sustainability.

This report offers valuable insights into wealth distribution and economic strategies among the richest nations, highlighting Qatar’s global economic stature and ongoing efforts to enhance the quality of life for its population.

 

Source: The Peninsula Qatar