LOC13:16
10:16 GMT
KUWAIT, June 12 (KUNA) -- Kuwait was ranked the 14th richest country in the
world for the year of 2010, with a per capita (GDP) of USD 38,984, a report
released on Sunday said.
According to an economic report issued on the Global Finance's website,
Qatar ranked first on the list, with a per capita of USD 90,149.
Luxembourg came second, Norway third, Singapore fourth, Brunei fifth,
United States sixth, Hong Kong seventh, Switzerland eight, Netherlands ninth,
Australia tenth on the list.
While the other four Gulf Council Cooperation countries of UAE, Bahrain,
Saudi Arabia and Oman held the 18th, 33th, 36th, 37th spots respectively.
There are two standard methods of defining the richest countries in the
world; one takes into account the economies that are the largest, as measured
by total gross domestic product (GDP).
However, the most commonly accepted definition of the wealthiest countries
is to determine how rich the average resident of a country is. For this
reason, the best method is to use GDP data per capita. (end)
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