Qatar has been ranked as the world's richest country per capita in a new list compiled by US-based Forbes magazine.
In second place on the list is Luxembourg, with a per capita GDP on a purchasing-power parity (PPP) basis of $81,466.
Technology, manufacturing and finance hub Singapore is ranked third on the list.
To rank the world’s wealthiest countries, Forbes looked at GDP per capita adjusted for purchasing power for 182 nations.
Oil-rich Brunei (ranked at No.5) has a GDP (PPP) per capita of $48,333.
UAE oil reserves are ranked as the world's sixth-largest[ and it possesses one of the most developed economies in West Asia. The country’s GDP (PPP) per capita is $47,439 .
With a GDP (PPP) per capita of $46,860, US is ranked at No.7 on the Forbes list.
Hong Kong is renowned for its expansive skyline and deep natural harbour.
Switzerland is one of the richest countries in the world by per capita gross domestic product [GDP (PPP) per capita: $41,950].
Netherlands was one of the world’s first countries to have an elected parliament. And the benefits of democracy seem to be reaching its citizens.
Australia ranks highly in many international comparisons of national performance, such as quality of life, health, education, economic freedom, and the protection of civil liberties and political rights.
Austria is ranked at No 12 with GDP (PPP) per capita of $39,761
GDP (PPP) per capita: $39,492
Canada has a diversified economy that is reliant upon its abundant natural resources and upon trade. The country’s GDP (PPP) per capita is $39,171.
Kuwait (No.15) has the world's fifth largest oil reserves and its petroleum products now account for around 95% of export revenues, and approximately 80% of government income. Ranked at No.15, the country’s GDP (PPP) per capita is $38,775
