Being rich is nothing wrong until when it harms self and the society around. It is bound to create problems when it is the wrong hands. However this article doesn’t hover around the debate on the pros and cons of being rich. Below are a few good things that some of the richest countries offer to their fellow citizens. The country’s wealth is assessed through a wholesome comparison of the living standards between the countries. This can be arrived with the help of using a using a component called per capita GDP on the basis of purchasing power parity (PPP) un the existing rate of international dollars ($). It is otherwise referred to as Geary – Khamis Dollar, which considered as a assumed currency unit having the same Purchasing Power Parity as that of the US Dollar’s Purchasing power Parity at a given point of time.
5. Brunei Darussalam
Famously known as “The abode of peace” is a country in the East, which is abundant of natural gas and petroleum fields. The country got its independence in the year 1984. Post independence, the economy of Brunei gained its momentum through its two natural resources, which had a huge scope for both domestic and foreign entrepreneurs. The country has one of the best and advanced health care systems in place where health and medical care are availed to citizens at B$1. Health care for children below 12 years of age are provided free of cost. Some of the Government run educational institutions provides free education, boarding and lodging to their citizens.
Nicknamed as the “Land of midnight sun”, Norway is the fourth richest country in the world with a per capita GDP of $55,000. Only in the late 1960s the country happened to explore its natural resources, which was plenty with oil and gas. The boost in economy was aided by the free market activities and the majority of ownership being vested with the state governments in the important sectors. While blessed with a sound economy, the country has in possession, the scenic beauty like the mountains, northern lights, fjords, and of course, and the midnight sun! Norway provides its citizens – free education, healthcare and subsidized higher education and a good security.
It is a market-based economy, which is a hub for diversified and globalized investments. The economy heavily bets on trade and manufacturing.The world’s third largest country with a Per Capita of $61000 provides free primary education through government run schools while providing subsidized education at secondary and pre – university level of education. This small country in terms of size has in place, the most efficient health care systems of the world. Singapore has one of the highest life expectancy rates of 80 years (males) and 85 years (Females) as per the World Health Organization’s data. The main reason for such high life expectancy is the quality water and sanitation facilities are accessible to the entire population of Singapore.
The country is bestowed with scenic attractions, lakes, and reservoirs with a per capita GDP of $77000. The economy is highly dependent on steel, banking, chemicals sectors etc.; the citizens are availed with maternity, sickness and paternal benefits. It has the best healthcare system of the entire Europe, providing basic medical amenities to all of its citizens.
Qatar, the world’s richest country has the third largest oil and natural gas reserves in possession. With a per-capita GDP of $102000, the country is under the monarchy of the Al-thani family since the 1800s. The state of Qatar provides free education from school to college, free books, water, electricity and health care. The citizens can easily access low interest housing loans, residential plots.