The richest country demonstrates to the globe how to be a prosperous.
According to International Monetary Fund (IMF), Qatar is entitled as a richest nation in the world in 2010. Qatar leads to the previous richest country in the world, Luxembourg, and the third rank, Singapore.
Gross Domestic Product (GDP) of Qatar shows the highest $88,221, while Luxembourg, placed number two, has 81,466 of GDP. Qatar is predicted will reach $111,963 by 2016, surpassing Luxembourg’s $94,621 and Singapore’s $70,992, the IMF said.
Qatar as one of the Gulf countries is a small country with small population. Its population is only about 848,016 and the area is 11,586 sq km.
Doha economy is dependent on income derived from the exploitation of oil, natural gas and subsidiary industry. Eighty-five percent of Qatar's export earnings are derived from these industries and reinvested into imports such as food and machinery to sustain Qatar’s rapidly growing economy.
The development of the country becomes one of the priorities of the government. People may easily discover numerous international brand, Qatar shopping centers, high rise office buildings, luxurious hotel, and sophisticated international airport. Furthermore, Qatar will also have the famous Pearl Island. This future manmade island will create a new coastline off Doha's West Bay Lagoon area. There, the visitors will find luxury apartments, villas, town houses, penthouses, 5 Star hotels, an international yacht club, three marinas, international shops and restaurants, entertainment venues, and schools. Last but not least, in 2022, Qatar will hold the biggest event in the world, FIFA World Cup 2022. Surely, all eyes of the world will be on this country. Those incredible assets seem to prove that Qatar is truly the richest country in the world.
Sources:
http://www.arabianbusiness.com/qatar-now-world-s-richest-nation-says-imf-421787.html
http://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)_per_capita
http://www.qatar.com/Page/The-Pearl-Qatar/53/
http://www.economywatch.com/world_economy/qatar/export-import.html
https://www.cia.gov/library/publications/the-world-factbook/geos/qa.html
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