Top 20 richest countries in the world for 2016- See where Nigeria is despite recession

16. Canada

Canada is a rich country that benefits largely from its proximity to the US, which buys majority of Canada’s exports. Per-capita income is $40,519, while its main exports include petroleum and uranium.

17. Germany

Exports of vehicles, household equipment and chemicals have allowed Germany to provide per-capita income of $38,077.  It faces several challenges, however, like low birth rates and increasingly unsustainable welfare system.

18. Iceland

Fishing is still Iceland’s biggest industry, accounting for 12% of its GDP. With per-capita income of $38,060, this high-welfare country has been diversifying into biotechnology and software products.