The absolute wealth of a country is expressed by GDP. The absolute indicator of GDP indicates the general level of development of the country's economy and its share in the world gross product. The wealth of the inhabitants is usually calculated as the total GDP / number of citizens of the country. It is clear that the wealth ratings of countries and their inhabitants have little overlap with each other.

The richest countries in the world 2016 by absolute GDP

1 place by wealth in 2016 is occupied by the United States. America, against the backdrop of a greatly slowed down China in 2016, no longer threatens to lose first place. Compared to last year, GDP grew by $433 billion and the gap from second place widened.

2nd place occupied by China. The Chinese economic "bubble" has been deflating throughout the past year. Structural problems associated with rising labor costs have so far been filled with money - about $400 billion of reserves have been spent. Although GDP growth has slowed down, it shows a stable positive result: +$171 billion.

3rd place- in Japan. The global technology giant continues to show good economic growth, despite the non-volatility of Asian markets. +$202 billion

4th place went to Germany. Despite the problems in the Eurozone, its economic powerhouse managed to remain the fourth largest economy in the world. +$54 billion

5th place- Great Britain. The only country in the top five that showed a negative result according to IMF estimates from April to April.

Russia among the strongest economies in the world for 14 positions with a result of $1.1 trillion of GDP. The Russian Federation, although it showed negative growth, was able to climb one step in the ranking due to Mexico, which fell to 15th place.

List of Top 100 countries in absolute termsGDP 2016

Rank Country GDP, bln.$ Change.GDP, bln.$
1 USA 18558.1 +433.4
2 China 11383.0 +171.1
3 Japan 4412.6 +202.2
4 Germany 3467.8 +54.3
5 UK 2761.0 -92.4
6 France 2464.8 -4.7
7 India 2288.7 -19.3
8 Italy 1848.7 +5.9
9 Brazil 1534.8 -369.1
10 Canada 1462.3 -153.2
11 South Korea 1321,2 -113,9
12 Spain 1242.4 +12.2
13 Australia 1200.8 -51.5
14 Russia 1132.7 -43.3
15 Mexico 1082.4 -149.6
16 Indonesia 937.0 +41.3
17 Netherlands 762.5 +13.1
18 Turkey 751.2 -1.3
19 Switzerland 651.8 -36.6
20 Saudi Arabia 618,3 -30,7
21 Nigeria 538.0 +22.6
22 Sweden 512.7 +25.3
23 Taiwan 508.8 -19.0
24 Poland 473.5 -17.7
25 Belgium 465.2 +1.4
26 Argentina 437.9 -125.2
27 Thailand 409.7 +23.4
28 Iran 386.1 -7.4
29 Austria 384.8 +4.2
30 Norway 366.9 -54.1
31 UAE 325.1 -38.6
32 Hong Kong 322.4 +12.3
33 Philippines 310.3 +2.3
34 Malaysia 309.3 -18.6
35 Israel 306.2 -0.7
36 Denmark 301.8 +4.4
37 Singapore 294.6 -1.5
38 South Africa 266.2 -57.6
39 Ireland 254.6 +34.6
40 Colombia 253.2 -79.2
41 Chile 235.4 -15.1
42 Finland 234.6 -0.7
43 Bangladesh 226.3 +21.0
44 Portugal 205.1 +4.1
45 Vietnam 201.4 -3.1
46 Greece 194.6 -12.5
47 Venezuela 185.6 -53.9
48 Czech Republic 185.3 +4.2
49 Romania 181.9 +4.6
50 Peru 178.6 -13.5
51 Qatar 170.9 -14.5
52 New Zealand 169,9 -2,3
53 Algeria 166.0 -6.3
54 Iraq 148.4 -21.0
55 Hungary 117.7 -2.9
56 Kazakhstan 116.2 -57.1
57 Morocco 108.1 +5.0
58 Kuwait 106.2 -14.5
59 Puerto Rico 99.7 -1.9
60 Ecuador 94.0 -4.8
61 Sudan 93.7 +10.1
62 Slovakia 89.8 +3.2
63 Sri Lanka 84.8 +2.7
64 Ukraine 83.6 -7.0
65 Angola 81.5 -21.5
66 Myanmar 74.0 +7.0
67 Dominican Republic 71.4 +3.9
68 Guatemala 68.1 +4.2
69 Ethiopia 67.4 +5.8
70 Kenya 64.7 +3.3
71 Uzbekistan 61.6 -4.0
72 Luxembourg 60.2 +2.8
73 Costa Rica 56.9 +4.0
74 Panama 55.8 +3.6
75 Uruguay 53.1 -0.6
76 Lebanon 52.8 +1.6
77 Oman 51.7 -6.8
78 Croatia 49.9 +1.1
79 Bulgaria 49.4 +0.4
80 Tanzania 45.9 +1.0
81 Belarus 45.9 -8.7
82 Tunisia 44.0 +0.4
83 Slovenia 43.8 +1.0
84 Macau 43.6 -2.6
85 Lithuania 43.0 +1.8
86 Congo 41.2 +2.3
87 Jordan 39.8 +2.2
88 Libya 39.3 +1.0
89 Ghana 38.2 +2.1
90 Serbia 37.4 +0.9
91 Yemen 37.3 +0.5
92 Turkmenistan 35.4 -0.3
93 Azerbaijan 35.1 -18.9
94 Ivory Coast 34.7 +3.5
95 Bolivia 34.0 +0.8
96 Cameroon 30.3 +1.8
97 Bahrain 30.1 -0.3
98 Latvia 28.2 +1.1
99 El Salvador 27.3 +1.6
100 Paraguay 26.8 -1.3

Growth leaders Fall leaders
USA +433.4 (1st place) Brazil -369.1 (9th place)
Japan +202.2 (3rd place) Canada -153.2 (10th place)
China +171.1 (2nd place) Mexico -149.6 (15th place)
Germany +54.3 (4th place) Argentina -125.2 (26th place)
Indonesia +41.3 (16th) South Korea -113.9 (11th)

It is clear that China, with a population of 1.36 billion people, is much easier to achieve absolute indicators than relative ones. The relative indicator of GDP is based on the ratio of the GDP produced by the country to the size of its population and characterizes the wealth and standard of living of the citizen himself.

The richest countries in the world 2016 by the level of well-being of citizens (GDP per capita)

1st place. The richest citizens in 2016 live in Luxembourg. miniature state still lives on the rent from offshore and banking income and feels great about it. Citizens get $104,000 of the country's GDP per person.
2nd place- in Switzerland. Swiss banking secrecy and tourism allows the country's citizens to be among the wealthiest in the world. GDP per capita - $78 thousand.
3rd place occupied by Norway. The Nordic country, despite significant losses from falling oil prices, managed to remain in the top three countries with the highest living standards. $69712
4th place- at Qatar. The oil-producing Middle Eastern state has lost more than Norway from the fall of oil. If last year Qatar was in the lead in the list, now it is only the fourth place with a result of $66,000 per person.
5th place- Macau. The Special Administrative Region of China, with a small population of 500,000 by Chinese standards, earns from tourism (an annual flow of 25 million) and gambling, which accounts for 40% of GDP. $62.5 thousand

Russians in 2016 became poorer by $1,300 per person. $7750 is the 73rd result.

List of Top 100 countries by GDP per capita

Rank Country GDP in $ per person Changes
1 Luxembourg 104359 +2365
2 Switzerland 78179 -2496
3 Norway 69712 -5110
4 Qatar 66265 -10311
5 Macau 62521 -6788
6 USA 57220 +1415
7 Iceland 56114 +5259
8 Ireland 54464 +3113
9 Denmark 53104 +990
10 Singapore 52755 -133
11 Sweden 51136 +1270
12 San Marino 49991 +144
13 Australia 49145 -1817
14 Netherlands 44828 +1225
15 Austria 44778 +1054
16 Hong Kong 43828 +1438
17 Finland 42654 +680
18 UK 42106 -1665
19 Germany 41895 +899
20 Belgium 40688 +582
21 Canada 40409 -2923
22 France 38173 +498
23 New Zealand 36254 -791
24 Israel 35905 +562
25 Japan 34871 +2385
26 UAE 32989 -3071
27 Italy 30232 +365
28 Puerto Rico 28720 -516
29 Spain 26823 +958
30 Korea 25990 -1205
31 Kuwait 25142 -4221
32 Bahamas 24213 +310
33 Malta 24013 +1184
34 Cyprus 22903 +316
35 Bahrain 22798 -712
36 Taiwan 21607-681
37 Brunei 21497 -6740
38 Slovenia 21210 +477
39 Portugal 19684 +563
40 Saudi Arabia 19313-1500
41 Estonia 18180 +892
42 Greece 18035-30
43 Czech Republic 17543 +286
44 Trinidad and Tobago 17456 -630
45 Saint Kitts and Nevis 16794 +684
46 Palau 16716 +646
47 Slovakia 16575 +583
48 Barbados 16044 +270
49 Uruguay 15506 -243
50 Seychelles 15400 +459
51 Lithuania 14965 +755
52 Antigua and Barbuda 14753 +339
53 Latvia 14259 +640
54 Panama 13644 +631
55 Oman 13060 -2173
56 Chile 12938 -403
57 Poland 12460 -36
58 Hungary 11970 -270
59 Croatia 11876 +303
60 Costa Rica 11614 +677
61 Lebanon 11484 +247
62 Argentina 10051 -3538
63 Malaysia 9811 +254
64 Eq. Guinea 9604 -2158
65 Turkey 9562 +125
66 Mauritius 9422 +203
67 Grenada 9332 +396
68 Maldives 9281 +281
69 Romania 9157 +251
70 Mexico 8415 -594
71 China 8240 +250
72 Saint Lucia 8188 -4
73 Russia 7743 -1312
74 Suriname 7701 -1604
75 Gabon 7530 -206
76 Brazil 7447 -1223
77 Dominica 7363 +332
78 Saint Vincent and the Grenadines 7124 +241
79 Dominican Republic 7074 +318
80 Bulgaria 6927 +96
81 Montenegro 6713 +224
82 Turkmenistan 6479 -143
83 Kazakhstan 6472 -3324
84 Libya 6158 +99
85 Thailand 5940 +197
86 Venezuela 5908 -1837
87 Botswana 5897 -144
88 Jordan 5705 +192
89 Ecuador 5688 -383
90 Fiji 5550 +177
91 Peru 5513 -508
92 Serbia 5241 +122
93 Colombia 5195 -889
94 Macedonia 5021 +234
95 Namibia 5005 -772
96 Jamaica 4968 +20
97 Belize 4866 +24
98 Belarus 4855 -894
99 Iran 4799 -78
100 South Africa 4768 -926

Growth leaders Fall leaders
Iceland +5259 (7th place) Qatar -10311 (4th place)
Ireland +3113 (7th place) Macau -6788 (5th place)
Japan +2385 (25th place) Brunei -6740 (37th place)
Luxembourg +2365 (1st place) Norway -5110 (3rd place)
Hong Kong +1438 (16th place) Kuwait -4221 (31st place)

While GDP at purchasing power parity may not be a fair estimate and akin to a mental balancing act like the Big Mac index, we present the existing data.

1 Qatar 129511.8
2 Luxembourg 100991.1
3 Macau 87845.5
4 Singapore 86853.7
5 Brunei 77661.9
6 Kuwait 70586.6
7 Norway 69031.1
8 UAE 67946.5
9 San Marino 64464.5
10 Switzerland 59150.1
11 ireland 58372.7
12 Hong Kong 58128.0
13 US 57220.2
14 Saudi Arabia 53728.2
15 Bahrain 50667.4
16 Netherlands 50338.9
17 Sweden 49424.5
18 Australia 48196.0
19 Austria 48098.2
20 Iceland 48042.4
21 Taiwan 47811.6
22 Germany 47535.6
23 Denmark 46704.0
24 Canada 46199.4
25 Oman 44530.5
26 Belgium 44143.7
27 UK 42041.3
28 France 41867.9
29 Finland 41690.1
30 Japan 38731.3
31 Puerto Rico 37869.3
32 South Korea 37699.2
33 Malta 37328.3
34 New Zealand 36950.1
35 Italy 36191.1
36 Spain 36142.8
37 Israel 34335.7
38 Cyprus 33304.0
39 Czech Republic 32599.9
40 Trinidad and Tobago 32432.0
41 Slovenia 31871.8
42 Slovakia 31012.8
43 Lithuania 29716.6
44 Estonia 29543.3
45 Equatorial Guinea 28923.6
46 Portugal 28479.6
47 Poland 27670.5
48 Malaysia 27278.2
49 Seychelles 27230.4
50 Hungary 27145.7
51 Greece 26609.5
52 Saint Kitts and Nevis 25912.9
53 Latvia 25883.3
54 Bahamas 25507.2
55 Russia 25185.5
56 Kazakhstan 24176.9
57 Antigua and Barbuda 23922.4
58 Chile 23803.3
59 Panama 22861.4
60 Argentina 22303.2
61 Croatia 22296.2
62 Uruguay 21944.3
63 Romania 21916.4
64 Turkey 21198.5
65 Mauritius 20442.6
66 Bulgaria 19839.1
67 Gabon 19149.9
68 Lebanon 18425.8
69 Mexico 17905.5
70 Iran 17888.3
71 Azerbaijan 17486.5
72 Belarus 17440.8
73 Turkmenistan 17072.5
74 Barbados 17050.0
75 Montenegro 17022.0
76 Botswana 16938.2
77 Thailand 16706.3
78 Iraq 16323.3
79 Costa Rica 16088.6
80 Suriname 15977.0
81 Dominican Republic 15776.9
82 Palau 15483.0
83 Maldives 15345.7
84 Venezuela 15251.5
85 China 15095.2
86 Brazil 15048.6
87 Algeria 14857.3
88 Macedonia 14631.1
89 Libya 14348.8
90 Colombia 14171.2
91 Serbia 14047.0
92 Grenada 13599.2
93 South Africa 13166.2
94 Peru 12580.6
95 Jordan 12358.5
96 Mongolia 12133.5
97 Egypt 12113.1
98 Saint Lucia 11944.4
99 Namibia 11903.9
100 Albania 11821.7

According to the IMF, World Economic Outlook April 2016
"School of the Investor"

Often, to assess the economic state of the country, such an economic indicator as GDP per capita is used. Everyone knows about the existence of GDP. This is a term people often hear in economic news. But, unfortunately, not everyone knows what it is.

GDP - gross domestic product. In simple terms, then GDP is a measure of the value of goods and services produced by a country. These are all products and services produced in the state, which are expressed in monetary terms. Often this indicator is expressed in US dollars due to the fact that the US dollar is one of the most stable currencies in the world.

Today, there are two types of GDP:

Nominal is the total volume of products and services produced, measured in current prices, that is, in values that are relevant at the moment.
Real GDP is the total volume of goods and services produced over a certain period of time, measured in basic values. Base prices are fixed prices.

The difference between nominal and real GDP is that real GDP can only be affected by changes in the volume of goods produced. While the change in the indicator of nominal GDP is directly affected by the price of products and services sold.

The ratio of the nominal to the real indicator in the economy is called the GDP deflator.

In other words, the deflator is a measure of the difference in the overall level of values in an economic sector.

The total GDP is divided by the number of citizens living in the state.

The most developed states

. US GDP - 18.1247 trillion US dollars. The United States received such a high rate of GDP thanks to its national currency - the dollar. This currency is used all over the world and is considered one of the most stable.

America has entered the ranking of countries with the highest level of GDP thanks to corporations such as Microsoft and Google. Every year in America, there is an increase in the country's GDP in the amount of 2.2%. The rate per person is $55,000.

with a GDP of 11.2119 trillion US dollars. China does not leave its positions and still remains one of the most leading economies in the world. According to the forecasts of economists and financial analysts, China has every opportunity to displace the United States of America soon. This is possible due to the intensive growth of GDP. The share of GDP in China is growing at 10% annually.
Takes third place. Despite the fact that economists predict a partial halt in Japan's growth indicators, this country of the world today has a GDP of 4.2104 trillion dollars.

According to statistics, the share of the GDP of this republic increases by 1.5%. The increase in indicators is due to the well-established export of cars, household appliances, computers and other electronic goods. This country has a GDP per capita of $39,000.

It occupies the fourth place with a GDP level of 3413.5 trillion US dollars per year. The country was able to achieve such indicators thanks to the export of Volkswagen cars, industrial equipment and household appliances. Compared to the previous year, the share of the gross domestic product in Germany increased by 0.4%. GDP per capita is $46,000.
The last place in the top 5 developed countries of the world was taken. The level of the indicator at around 2853.4 trillion dollars allowed the UK to oust France.

List of developed countries

Below are the top 20 largest countries in the world that have taken a leading position in terms of GDP after the top five most developed countries on the planet.

The name of the country	GDP (expressed in billions of US dollars)
France	2464.8
India	2288.7
Italy	1848.7
Brazil	1534.8
Canada	1462.3
South Korea	1321.2
Spain	1242.4
Australia	1200.8
Russia	1132.7
Mexico	1082.4
Indonesia	937.0
Netherlands	762.5
Turkey	751.2
Switzerland	651.8
Saudi Arabia	618.3
Nigeria	538.0
Sweden	512.6
Taiwan	508.8
Poland	473.5
Belgium	465.2

Indicators in EU countries

The European Union is a very powerful and unique economic structure. In 2017 .

Top 10 most economically developed countries of the European Union (2016 statistics):

most developed country world, which is part of the European Union, is Liechtenstein. Despite its small area, this country has an incredibly strong economy, as evidenced by its GDP per capita, which was 85,400 euros in 2015.
The second place goes to the Netherlands. This country has a GDP per capita of 42,400 euros.
Ireland is in third place. The GDP per capita is 40,000 euros.
In Austria, the GDP per capita is 39,700 euros.
Sweden has an indicator of 38,900 euros.
In Germany, the gross domestic product is 38,800 euros.
According to statistics in Finland, the level of GDP is 38,100 euros.
Eighth place is occupied by Italy with a GDP of 35,800 euros.
The UK is seeing GDP growth. In 2015, this figure was 34,600 euros.
Tenth place is occupied by Spain with an indicator of 33,700 euros.

Table: GDP level of European countries that are members of the EU

Republic name	GDP per person (expressed in euros)
Denmark	31 500
Cyprus	30 700
Belgium	28 100
Slovakia	26 100
Slovenia	25 300
France	25 800
Portugal	24 900
Hungary	24 500
Poland	24 400
Greece	23 600
Estonia	22 900
Czech	19 800
Romania	19 700
Lithuania	18 000
Latvia	16 700
Bulgaria	15 800
Malta	14 600
Croatia	12 600

The "weakest" states

Economists of Forex technical analysis conducted research on the forecast of GDP growth and decline for 2017. According to the conclusions, the list of countries with weak economies in 2017 will consist of such states as:

Forecast of the dynamics of GDP growth in other countries of the world

Table: list of countries with GDP growth expected in 2017

Republic name	Expected growth (expressed in %)	Probability of an economic crisis (expressed in %)
India	7.4	0
Vietnam	6.6	0
China	6.5	12
Sri Lanka	6.4	0
Philippines	6.0	5
Dominican Republic	5.4	0
Indonesia	5.2	10
Malaysia	4.5	10
Bolivia	3.9	20
Peru	3.8	10
Romania	3.8	10
Poland	3.5	5
Albania	3.5	0
Slovakia	3.3	8
Thailand	3.2	5
Iceland	3.1	0
Turkey	3.0	20
Bosnia	3.0	0
South Korea	2.9	18
Colombia	2.8	8
Mexico	2.8	10
Sweden	2.8	10
Spain	2.7	5
Czech	2.7	10
Australia	2.6	15
Bulgaria	2.5	10
USA	2.5	15
Armenia	2.5	0
Hungary	2.4	0
New Zealand	2.3	13
Great Britain	2.3	13
Uruguay	2.0	25
Kazakhstan	2.0	33
Taiwan	2.0	55
Germany	1.8	8
Canada	1.8	25
Serbia	1.6	18
France	1.4	10
Norway	1.4	15
Ukraine	1.4	60
Republic of South Africa	1.4	25
Italy	1.3	13
Denmark	1.9	0
Kuwait	1.9	0
Chile	2.3	5
Azerbaijan	2.4	0

The EU countries are expected to increase the level of GDP by 1.7%. At the same time, the probability of a recession is 15%.

Worth reading

It is the economic sector that directly affects all other areas of the country's activity, provides decent living conditions for citizens and allows you to be a competitive participant in international relations.

Every year, based on a thorough analysis of indicators and performance, the London-based Legatum Institute publishes the Prosperity Index, a global ranking of the most progressive countries. This year, the organization analyzed 149 countries according to 104 criteria, divided into nine categories. One of the most important categories is the state of the economy. It should be noted that in their analysis, the experts took into account not only the volume and power of the economy, but also other factors, such as the openness, efficiency and stability of the financial sector.

We want to introduce you to 19 countries with a thriving economic sector that have taken the top positions in the ranking.

19. Japan

The economy of Japan is one of the most developed in the world, which has taken such a high position due to the use of various innovative technologies, developed transport, energy and agricultural sectors. In addition, in terms of GDP and industrial production, Japan ranks third, behind only the United States and China. Japan is also one of the leaders in the export of goods from the automotive, electrical and shipbuilding industries.

But, nevertheless, a long period of stagnation and inflation left a mark on the Japanese economic sector, due to which the country was unable to rise to a higher ranking position.

18. Iceland

It is probably surprising to many that such a high position in the ranking best countries in terms of economic indicators, Iceland ranks, since in the recent past the country's economy was mainly based on fishing and fish processing.

But today the Icelandic economy has gained a leadership position. There is an intensive diversification of industry based on cheap renewable energy. And biotechnology and tourism industries began to develop very actively in the country.

Nevertheless, to this day, the basis of the economy in the country is fishing and fish processing, this type of activity accounts for 12% of GDP.

17. France

France is a highly developed, nuclear and space country. In terms of total economy, the country ranks second in the European Union, behind the leadership of Germany. The basis of the French economy is the service sector, which employs 76.7% of the economically active population. In addition, the country has a fairly high performance in the areas of tourism, energy, transport and agriculture.

It is worth noting the traditional feature of the French model of the economy - a large part of the public sector and excessive intervention in the economy.

16. Belgium

Belgium is a representative of a group of small highly developed European states which occupy an important place in the modern world economy.

The modern Belgian state policy in the field of economy is aimed at improving all areas of activity and effectively solving a number of critical problems. Today, in the economic sector, the main efforts are concentrated on the preparation and implementation of a new concept. We are talking about the introduction of various innovative technologies into the country's economy (in the fields of telecommunications, microelectronics, biotechnology, etc.) in order to raise the national economy to the level of world standards.

15. Australia

The Australian economy is highly dependent on commodities. One of the country's most important resources is iron ore.

The Australian economy is dominated by the service sector, which covers about 68% of GDP. Economic growth is heavily dependent on the mining and agricultural sectors, whose products are mainly exported to East Asian markets.

14. USA

The US economy is the world's largest economy by nominal GDP, accounting for at least a quarter of the world's nominal GDP. The main feature of the US economy is its diversification (from Latin diversificatio - change, diversity).

In addition, the US economy stands out with the highest denomination of external debt in the world.

From a global point of view, it ranks high, but the huge difference in incomes of the population is a problem that the authorities need to find a solution to in the near future.

13. Canada

Diversity and wealth played a major role in the development of a favorable economic condition. natural resources countries.

Canada, like no other country, is directly dependent on its oil reserves. As a result of the influence of various factors that stopped oil production, the level of GDP fell rapidly. Against all odds, Canada continues its policy of attracting entrepreneurs and expanding areas of activity.

12. Finland

Experts call political stability, openness of the economic sector, highly developed infrastructure, reliability of telecommunications, as well as high level interaction between enterprises, scientific and technical centers and universities.

It is worth noting another factor in the successful functioning of the Finnish economy - activity in the development of new technologies, readiness for change, a high educational level of the population and a business-friendly business climate.

11. Austria

Austria is among the leaders economic development among the countries of the European Union.

Almost all sectors of the economy are developed in the country, from tourism to aerospace technologies. In addition, the success of the economy also depends on the active use and implementation of innovative technologies and new equipment in all areas of activity.

10. UK

Great Britain is a successful and prosperous country with a stable and open economy, the leading sector of which is the service sector (3/4 of GDP). The leading position in it is occupied by the financial component, which determines the country's specialization in the system of economic relations.

Speaking about the service sector, it is worth noting that the UK carries out 10% of the world's exports of services - banking, insurance, brokerage, advisory, as well as in the field of computer programming.

9. Luxembourg

The main feature of the country's economic sector at the present stage is the increase in the importance of the service sector. Luxembourg is no exception, as services account for over 85% of the country's GDP.

It should be noted that Luxembourg is heading towards sustainable development, as a result, various environmental technologies are being actively introduced in the country.

The development of innovative clusters also plays an important role, especially in the fields of biomedicine, ecotechnologies, space, and information technologies.

8. Singapore

Singapore's economy has been described as a developed market system that is dependent on product exports, especially in areas such as consumer electronics, information technology, pharmaceuticals and financial services.

In addition, transnational corporations have become a key factor in the successful functioning of the country's economic sector. It is worth noting that Singapore's economy is one of the most open and free from corruption.

7. Norway

Norway's economy has been described as a thriving bastion of capitalism that has a free market and government regulation of key areas in the economy such as the fuel sector, agriculture and fisheries. The main factor in the prosperity of the country's economy is the export of raw materials and semi-finished goods, because Norway can be proud of its natural resources such as hydropower, timber, fish, minerals and more.

6. Denmark

The basis of the Danish economy is the service sector. The developed market economy of the country depends on imported raw materials and foreign trade due to the modesty of its own reserves of natural resources.

Denmark regulates economic activity and inflation through fiscal policy, which aims to support the exchange rate to ensure the stability of the national currency.

5. Germany

The German economy is deservedly the largest economy in Europe, it is characterized by a well-developed infrastructure and a skilled workforce. The country is known worldwide as the largest exporter of machinery, Vehicle, chemicals and household equipment. Germany is a post-industrial country, the basis of the economy of which (from 70 to 78% depending on the period) is services, 23% -28% - production, 5-1.5% - agribusiness.

4. Switzerland

The state policy of long-term monetary security and banking secrecy has made Switzerland the place where investors are most confident in the safety of their funds.

3. Sweden

The Swedish economy is developed and export-oriented. The main resources of the economy are timber, hydropower and iron ore.

The country has a modern infrastructure, excellent internal and external communications and a highly skilled workforce.

2. Netherlands

The Netherlands is known all over the world for its rich flowering fields, which provide exports of products and provide a huge number of jobs not only for the Dutch, but also for foreigners.

In 2015, the country's nominal GDP exceeded $750 billion. Therefore, the Netherlands is not in vain occupying such a high position in the ranking.

1. New Zealand

An interesting fact is that the success of the country's economy directly depends on the dairy industry: in particular, the New Zealand company Fonterra, which provides more than 30% of the world with dairy products.

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