1. Luxembourg
Known for high-income levels and a low unemployment rate, Luxembourg is the richest country in the world. With its inflation rate at only 1.1%, its wealth is also extremely stable. According to the World Economic Forum, the primary factor for Luxembourg’s high GDP is the large number of people working in this tiny, landlocked nation while residing in the neighboring western European countries. The advanced infrastructure and high values for the labor market attract investment and duplicates of the big outside firms.
2. Singapore
Having no natural resources to build its economy on has not stopped the hard-working and inventive Singaporeans from turning their country into the second-richest in the world. Being a central world hub for global financial services firms drives the economy. The jobs in manufacturing, services, transport engineering, and logistics pay its citizens well, while electronics, biotechnology, and chemicals are the country’s main exports.
