richest places in the world, richest country in the world, richest city

Richest places in the world

There are various dimensions to find out the richest place in the world, as being rich is not just a matter of the highest monetary fund or the largest number of assets or infrastructure.

Simultaneously, it includes the amount of safety a country or a city provides to its native citizens or fellow people as well as the degree of lifestyle and sanitation it maintains to provide a comfortable and health conscious environment. Here, we will discuss the richest places in the world.

So from the above paragraph, we come to know that there are various dimensions to calculate the richest place in the world, we will try to satisfy the question by examining the various dimensions. So we divide our content into few dimensions:-

safety dimension
quality of life
richest people residing in the country
largest infrastructure
health dimension
Highest GDP

Top 5 places which are considered as the safest places of the world:-

Iceland
New Zealand
Portugal
Austria
Denmark

Now we will briefly introduce these places to make it more clear why these are the safest places in the world:-

Iceland- Iceland is situated in the North Atlantic region.

Population – 348581
Area – 103,000 km sqr
Prime minister – Katrin Jakobsdottir
GDP Total – $18 billion

Iceland tops the safety index from last 10years and being an island there are very fewer disputes or terror attacks or border hurdles. So from all dimensions, it is considered one of the safest place in the world.

New Zealand- New Zealand is situated in the southwestern Pacific Ocean.

Population – 4865700
Area – 268021 km sqr
Prime Minister – Jacinda Ardern
GDP Total – $195.1 billion

New Zealand is one of the safest and most adventurous places to visit as being the calmest and peaceful-fun-loving place all around the globe.

Portugal – Portugal is situated in southern Europe.

Population – 10,379,573
Area – 92,212 km sqr
Prime minister – Antonio
GDP Total – $235.696 billion

Portugal leads the Global Peace Index and is declared as one of the safest places in the world. It ensures safety and reliability not just to its native citizens but also to the tourists and therefore making itself a must visit the country.

Austria – Austria is situated in central Europe.

Population- 8.8 million
Area- 83,879 km sqr
President – Alexander Van Der Bellen
GDP Total- $409.316 billion

Austria scored a high score in safety index. Its neighbouring countries Germany and Czech Republic have a high score in safety index.

Denmark- It is situated in south west of Sweden.

Population – 5,748,769
Area – 42,924 km sqr
Prime Minister – Lars Lokke Rasmussen
GDP Total – $285.468 billion

Denmark is also ranked as one of the safest places in the world. It is also determined as one of the happiest country and has a great score in safety index.

From the above brief introduction of the safest countries in the world, we can conclude that safety is also one of the factors to determine world’s richest country in field of safety.

And people not just enjoy monetary benefits but unless and until citizens of the country doesn’t feel safe in their respective countries money is of no use.

Topmost countries providing high quality of life according to the Quality Of Life Index (2018)

Denmark
Finland
Netherlands
Switzerland
Austria
Germany
Australia
New Zealand
United States
Sweden
Estonia
Norway
Japan
Slovenia
Spain
Canada
United kingdom
Portugal
France
Belgium
Ireland
Taiwan
Croatia
Czech Republic
Qatar
South Korea
Slovakia
Israel
Singapore
Saudi Arabia
Lithuania
Poland
Italy
Romania
South Africa
Greece
Hungary
Argentina
Bulgaria
Bosnia and Herzegovina
Turkey
Mexico
Serbia
Chile
India
Malaysia
Indonesia
Colombia
Honk Kong
Russia
Thailand
Pakistan
Brazil
China
Philippines
Ukraine
Iran
Egypt
Vietnam

This was the list of countries in the serial order of the quality of life provided by them.

Top 5 richest countries in the field of quality of life:-

Denmark:- Denmark has the highest score in quality of life index which means it has a greater life expectancy , more peace maintained in the country , religious tolerance , less number of drop outs from school.

It also has many more qualities provided to its citizen in order to maintain a high standard of living leading to the topmost country in the index of Quality Of Life Index 2018. Some common features:-

Population – 5,748,769
Area – 42,931 km sqr
Prime Minister – Lars Lokke Rasmussen
GDP Total – $324.146 billion

Finland:- Finland is one of the best countries in the world providing a high quality of life and being the 3^rd most expensive country in the world.

Also read Best Travel Guide To Chennai: Top Places to Visit in Chennai

It has a longer expectancy of life, a low rate of disputes, healthy surroundings with low pollution and traffic also it has a great per capita income with a high purchasing power making it a high ranked country with a high quality of life index. Some common features:-

Population – 5,509,717
Area – 338,424 km sqr
Prime Minister – Juha Sipila
GDP Total – $242.440 billion

Netherlands:- Netherlands provide a high quality of life and best living conditions to its citizens. It has the same qualities as one country of highly ranked quality of index should have, that is, greater life expectancy, less pollution, favourable climate.

It also has fewer disputes with neighbouring countries and on its borders, less traffic and more peace, in addition to it, Netherlands has an equal third-lowest homicide rate. Some common features are:-

Population – 17,200,671
Area – 41,543 km sqr
Prime Minister – Mark Rutte
GDP Total – $907.619 billion

Switzerland:- Switzerland provides a high standard of living apart from all the major qualities like greater life expectancy, favourable climate conditions, less pollution and traffic, etc.

It also provides great infrastructure, public transport facilities, people’s personal safety, high earning potential and easy access to nature. Some common features are:-

Population – 8,401,120
Area – 41,285 km sqr
Prime Minister – Burkhalter
GDP Total – $681 billion

5) Austria:- First of all Austria is scored as one of the top safest countries in the world in addition to it, it has a high standard of living and provides good quality of life to its citizens. Quality of life index 2017 as well as of 2018 shows a positive trend in the quality of life.

It provides housing facilities, health facilities, personal and social well being, security, healthy environment, jobs and earnings, social interactions and connections. All these constitute to a better quality of life and a high standard of living. Some common features are:

Population – 8,823,054
Area – 83,879 km sqr
GDP Total – $434.097 billion
President – Alexander Van der Bellen

The third dimension is the most important and common dimension to find out the richest place in the world as by finding the places where the richest people reside we can have an idea of the richest place in the world.

Top 20 places around the world where the richest people reside:-

New York
Honk Kong
Tokyo, Japan
Los Angeles
London, England
Paris, France
Chicago
Washington
Osaka
Texas
San Francisco
Houston
Singapore
Boston
Philadelphia
Switzerland
Toronto, Canada
Georgia
Florida
Japan

All these 20 places: a more clear perspective about our topic:-

New York – New York places are determined with a high per capita income which makes it the richest place in the world. Some known places which are determined by its high per capita income are:- Hewlett Bay Park – $113,320 , Cove Neck – $110,339 ,

Oyster Bay Cove – $103,203 , North Hills – $100,093 , Centre Island- $96,674 etc. . New York has been ranked number one by its per capita income which is around $ 64,971 .

Honk Kong – Honk Kong with its highly populated urban centre is a global financial hub which is a major port. According to the census, per capital income averaged 17471.77 USD till 2016 with a low record initially in 1961 but rising in 2016. Presently, it has a positive growth rate, that is, 3.7 %, making it one of the richest places in the world.

Tokyo, Japan – Tokyo has the wealthiest neighbourhoods like Ebisu, Hiroo, Jiyugaoka, Azabu, Ikebukuro, Koenji, Gaienmae, Shimokitazawa, Nakemeguro, Asakusa etc. making itself the richest place in the world.

Los Angeles – Who has not heard about Los Angeles, a dream country with wealthy pockets! Los Angeles constitutes a maximum number of rich people with a per capita income of $62,533. It has achieved the largest level of economy and states itself the richest country in the world.

London, England – With a detailed history and architecture, London has been found out as one of the richest places in the world with the maximum number of richest people residing in it. It’s per capita income is $27,029.

Paris, France – A royal country with a major centre of art, fashion and culture. Its’s per capita income 42013.29 US Dollars as last recored , making itself a richest place in the world.

Also read Best Budget Travel Destinations For 2020

Chicago – Chicago with a positive growth rate of 7.6% constitutes per capita income equals to $34,689 is one of the richest places in the world.

Washington – Washington has a national ranking in average income being $ 56,835 with an average salary of $50,437, despite inflation circumstances in 2015, it still fulfils to maintain its average income.

Osaka – Osaka is a metropolitan area with a per capita income of 34,516.87 US Dollar.

Texas – Texas middle-class group has a wide range of difference or gap between their average incomes when compared with past years to that of present years but it’s per capita income in counties is Anderson $32,978 or Aranas $45,064 etc.

San Francisco – San Francisco with a population of 829,072 has a per capita income equal to $49,986.

Houston – Houston whose per capita income is $45,728 implies no tax on income but with a high rate of tax on sales around 8.25%.

Singapore – Singapore with a very high per capita income constitutes to be the world’s richest place in the world. According to the world bank report, Singapore constitutes 85,050 PPP Dollars per capita.
Boston – It is recorded as one of the richest places in the world with a per capita income of $39,815.
Philadelphia – It’s per capita income is $35,292 as recorded in 2016 but it has increased with the time and has a positive growth rate. Median household income of various counties Schuylkill is $42,315, Cameron $40,733, Cambria $39,574 etc.

Switzerland – According to the World Bank, per capita income is 63,660 PPP dollars. The main sector which constitutes the maximum GDP is the service sector making it one of the richest place in the world.
Toronto, Canada – Toronto in Canada is also a Metropolitan country which constitutes to $68,110 to per capita income.
Georgia – According to the World Bank, Georgia has a per capita income equal to 9450 PPP Dollars.
Florida – Florida per capita income is equal to $28,621, it is much lower than US per capita income. Florida county’s per capita income is as follows: – clay $61185 , Duval $49463 etc.
Japan – According to the world bank report, per capita income of Japan averages 42,870 PPP dollars and has a positive trending growth slope.

The fourth dimension is the country having the largest infrastructure for its growth and development is counted as the richest country in the world. There are many reports prepared to find out the best infrastructure country. And from all these top 3 countries with the best infrastructure are:-

Honk Kong
Singapore
United States

We have already discussed Honk Kong and Singapore briefly in our above paragraphs. But now we will discuss them from the point of view of infrastructure.

Honk Kong: – Honk Kong leads in providing the best communication and travel facilities with efficient international interconnection, international airport, with low fare public transport, telecom infrastructure, deep water hub and provides global information technology.
Singapore: – Singapore has the most superior transport network and the government is highly investing in various projects like development of aviation or fulfilling various agreements like “open skies”.

Singapore depends on various imports for domestic consumption but still is a leading infrastructure country. Telecommunication and telephone services are basically under government control.

United States:- S. with the best infrastructure already, promises to spend $1 trillion on infrastructure and not just physical infrastructure (bridges, tunnels, pipes, dams etc. ) but to upgrade whole economy (safety, health, growth and development), promised by Donald Trump.

The fifth dimension is health, which is a priority because of poor health – weak person – poor work – no development and growth. So; therefore our fifth dimension states the healthiest country is the richest place in the world.

Countries ranked according to Bloomberg Healthiest country index:-

Italy
Iceland
Switzerland
Singapore
Australia
Spain
Japan
Sweden
Isarel
Luxembourg
Norway
Austria
Netherlands
France
Finland
Germany
Canada
Cyprus
New Zealand
Greece
Portugal
Ireland
K.
Korea
Malta
Belgium
Slovenia
Denmark
Chile
Czech Rep.
Cuba
Lebanon
Costa Rica
S.
Croatia
Qatar
Brunei
Estonia
Poland
Bahrain
Maldives
Bosnia & H.
A.E.
Macedonia
Uruguay
Slovakia
Barbados
Oman
Panama
Albania

Countries ranked according to their health status:-

Now we are going to discuss health status in Italy being the richest place in the world with respect to health.

Italy has been ranked first by the Bloomberg health index. The first thing that comes to our mind hearing of Italy is its pasta and pizza, which are its speciality. Italy has been graded 93.11 health grade with a score of 97.44 and health risk penalties -4.33.

Also read Top 7 Things to do in Kerala for Incredible Holiday

Examining all the factors like life expectancy, death risk, other environmental changes, malnutrition etc.

Italy has been found out to be the healthiest place in the world. In practical also, Italians have been found out to be more in shape and less health disorders than other country people like Americans, Canadians etc. Therefore from the dimension of health Italy is the richest place in the world.

The sixth and last dimension is the highest GDP dimension, this is a not so good dimension as highest GDP can be achieved by many factors like more production, infrastructure, exports and imports etc.

But it fails to examine the gap between the rich and the poor, in some countries the rich are becoming more rich and poor are becoming poorer which shows the widening gap between both.

Therefore, in a country where people don’t enjoy a basic standard of living and on the other side people have so much that they don’t know where to spend, growth is of no use.

Therefore, growth should bring equity which says less gap between rich and poor and a basic standard of living to all, in addition to it, growth and development of a country with high GDP and more infrastructure.

Countries according to their GDP are as follows:-

United States
China
Japan
Germany
United Kingdom
India
France
Brazil
Italy
Canada
Russia
Korea
Australia
Spain
Indonesia
Mexico
Turkey
Netherlands
Saudi Arabia
Switzerland
Argentina
Taiwan Province Of China
Sweden
Poland
Belgium
Thailand
United Arab Emirates
Nigeria
Norway
Austria
Islamic Republic Of Iran
Israel
Hong Kong
Philippines
South Africa
Malaysia
Colombia
Denmark
Ireland
Egypt
Singapore
Venezuela
Pakistan
Chile
Bangladesh
Finland
Vietnam
Peru
Portugal
New Zealand
Czech Republic
Greece
Romania
Iraq
Algeria
Qatar
Kazakhstan
Kuwait
Hungary
Angola
Sudan
Morocco
Puerto Rico
Ecuador
Ukraine
Slovak Republic
Sri Lanka
Ethiopia
Dominican Republic
Kenya
Myanmar
Oman
Guatemala
Uzbekistan
Luxembourg
Costa Rica
Panama
Uruguay
Belarus
Libya
Lebanon
Bulgaria
Tanzania
Croatia
Macao SAR
Slovenia
Lithuania
Ghana
Turkmenistan
The Democratic Republic of the Congo
Jordan
Tunisia
Bolivia
Azerbaijan
Serbia
Cote d’ivoria
Bahrain
Cameroon
Paraguay
Latvia
Salvador
Yemen
Uganda
Estonia
Nepal
Zambia
Iceland
Honduras
Trinidad and Tobago
Papua New Guinea
Cambodia
Afghanistan
Cyprus
Bosnia and Herzegovina
Botswana
Senegal
Zimbabwe
Lao P.D.R.
Mali
Jamacia
Gabon
Nicaragua
Georgia
Brunei Darussalam
Albania
Burkina Faso
Mauritius
Namibia
Equatorial Guinea
Mozambique
Malta
FYR Macedonia
Armenia
Madagascar
Mongolia
Chad
The Brahamas
Rwanda
Benin
Republic of Congo
Haiti
Niger
Moldova
Tajikistan
Guinea
Kyrgyz Republic
Kosovo
Malawi
Eritrea
Mauritania
Fiji
South Sudan
Barbados
Togo
Montenegro
Sierra Leone
Swaziland
Suriname
Guyana
Maldives
Burundi
Timor Leste
Lesotho
Bhutan
Liberia
Djibouti
Central African Republic
Belize
Cabo Verde
San Marino
Seychelles
Antigua and Barbuda
Lucia
Solomon Islands
Guinea Bissau
Grenada
The Gambia
Kitts and Nevis
Samoa
Vanuatu
Vincent and the Grenadines
Comoros
Dominica
Tonga
Sao Tome and Principe
Micronesia
Palau
Marshall Islands
Kiribati
Nauru
Tuvalu
Syria

United States with the highest GDP of 18.57 lakh crores USD is the maximum GDP compared to other countries of the world making itself the richest place in the world.

It enjoys the best and the largest infrastructure, overall economic development and the highest GDP. According to a statistic report, the United States and China enjoy the largest economy of the world.

From the above dimensions of safety, richest people residing in the country, health, highest GDP and largest infrastructure we can come to different conclusions of the richest places in the world.

But the names that occurred twice or thrice having all the dimensions of the richest place were Hong Kong , Singapore and U.S. ,

so we can come to the conclusion that a country which provides all the dimensions that is safety and security to its fellow men and tourists, provides the health-conscious environment,

It means increasing life expectancy and reducing death risks and other health disorders like blood pressure, cholesterol, heart attacks, cancer patients etc., has the highest GDP.

These moves in the direction of growth and development in addition to it promote equity, that is, decreasing the gap between poor and rich and at last providing a basic standard of living including a comfortable lifestyle and sanitation.

For more information, stay updated & connetced with todaysera.com