Richest Places in the World to Visit (Complete Guide)

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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.

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.
  1. Population – 348581
  2. Area – 103,000 km sqr
  3. Prime minister – Katrin Jakobsdottir
  4. 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.
  1. Population – 4865700
  2. Area – 268021 km sqr
  3. Prime Minister – Jacinda Ardern
  4. 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.
  1. Population – 10,379,573
  2. Area – 92,212 km sqr
  3. Prime minister – Antonio
  4. 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.
  1. Population- 8.8 million
  2. Area- 83,879 km sqr
  3. President – Alexander Van Der Bellen
  4. 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.
  1. Population – 5,748,769
  2. Area – 42,924 km sqr
  3. Prime Minister – Lars Lokke Rasmussen
  4. 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:-

  1. Population – 5,748,769
  2. Area – 42,931 km sqr
  3. Prime Minister – Lars Lokke Rasmussen
  4. 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 3rd most expensive country in the world.
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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:-

  1. Population – 5,509,717
  2. Area – 338,424 km sqr
  3. Prime Minister – Juha Sipila
  4. 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:-

  1. Population – 17,200,671
  2. Area – 41,543 km sqr
  3. Prime Minister – Mark Rutte
  4. 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:-

  1. Population – 8,401,120
  2. Area – 41,285 km sqr
  3. Prime Minister – Burkhalter
  4. 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:

  1. Population – 8,823,054
  2. Area – 83,879 km sqr
  3. GDP Total – $434.097 billion
  4. 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.
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  • 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.

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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.

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