10 Richest Countries in The World
10. Kuwait
You might have expected Kuwait to be on this list, but it may come as a shocker that Kuwait is ranked 10th on here. Before diving deep into Kuwait’s wealthy secrets, you must take note of where this country is located because it plays a huge role in contributing to its economy's growth.
Kuwait is a country that is located in the northwest corner of the Persian Gulf and is part of the Arab Peninsula. Compared to one of its neighboring countries, Kuwait is a much more developed country, with a GPA reportedly close to $140.6B billion in 2020. This GPA is slightly lowered compared to the country we will show you next on this list. Kuwait’s high GPA is a result of its major production of oil and natural gas industries. Reportedly, Kuwait is ranked 6th in the world’s largest oil reserves, with 101 trillion barrels of oil lying under the country.
Not just relying on its natural resources, Kuwait is also a major exporter of mineral fuels and spacecraft. But does this high GDP also reflect a high standard of living for Kuwaiti citizens? Reportedly, Kuwait is ranked number 58th, with personal freedom as the lowest aspect of its life prosperity. Nevertheless, Kuwait is still considered a happy country to live in due to its advanced public health infrastructure. It appears that Kuwait will remain on this list for many years to come because of the country's vast oil reserves.
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Kuwait is a country that is located in the northwest corner of the Persian Gulf and is part of the Arab Peninsula. Compared to one of its neighboring countries, Kuwait is a much more developed country, with a GPA reportedly close to $140.6B billion in 2020. This GPA is slightly lowered compared to the country we will show you next on this list. Kuwait’s high GPA is a result of its major production of oil and natural gas industries. Reportedly, Kuwait is ranked 6th in the world’s largest oil reserves, with 101 trillion barrels of oil lying under the country.
Not just relying on its natural resources, Kuwait is also a major exporter of mineral fuels and spacecraft. But does this high GDP also reflect a high standard of living for Kuwaiti citizens? Reportedly, Kuwait is ranked number 58th, with personal freedom as the lowest aspect of its life prosperity. Nevertheless, Kuwait is still considered a happy country to live in due to its advanced public health infrastructure. It appears that Kuwait will remain on this list for many years to come because of the country's vast oil reserves.
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