To be able to determine the Top 10 Richest Countries In The World 2017, you must know first what is Gross Domestic Product of GDP per capita at nominal values. GDP is defined as the value all the final goods and services produced within a nation in a given year which then converted at market exchange rates to current US dollars, divided by the average of mid-year population for the same year. So, to determine the amount of GDP for the richest countries in 2017, you have to use the data for the last year. And here it is, the top 10 richest countries in the world in 2017 according to the International Monetary Fund (IMF).
10. Iceland
$50, 855
Iceland is a Nordic Island nation, which is popular in its dramatic landscape with volcanoes, geysers, hot springs and lava fields. As of the year 2013, the total population of Iceland is 323,002, with an unemployment rate of 4.3$ in 2015 and life expectancy of 82.92 years in 2012. The economy of Iceland is small and subject to high volatility. In 2011, the GDP was US$12.3bn. However, the financial crisis in 2007-2010 produced a decline in GDP and employment, although the magnitude of this decline remains to be different. Iceland, on the other hand, has a mixed economy with high levels of free trade and government intervention. However, the government consumption is less than other Nordic countries. Geothermal power is the primary source of home and mechanical energy in Iceland.
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