3. Singapore: GDP rate of $56,694
As stated by the Economy Watch, “Singapore is one of the most open, and thus competitive, markets in the world. The 2011 World Bank Ease of Doing Business Index ranks Singapore as the best country in the world to do business – ahead of Hong Kong and New Zealand. Singapore is also ranked third in the World Economic Forum’s Global Competitiveness Report behind Switzerland and Sweden”
2. Luxembourg: GDP of $81,466
This little, constant, lofty-income economy – profiting from its immediacy to France, Belgium, and Germany has in history featured solid growth, low inflation, and low redundancy. The industrial sector, at first subjugated by steel, has developed into an increasingly diversified to take in chemicals, rubber, and other products. Growth in the financial sector, which now accounts for about 28% of GDP, has more than remunerated for the decline in steel.
1. Qatar: GDP of $88,222
Qatar has flourished alot in the last few years with sustained elevated authentic GDP growth in 2011. Qatari establishment throughout the monetary crisis wanted to protect the local banking sector with direct investments into domestic banks. GDP rebounded in 2010 largely due to the augmentation in oil prices and 2011’s growth was supported by Qatar’s investment in expanding its gas sector. Qatar’s proved reserves of natural gas exceed 25 trillion cubic meters, more than 13% of the world total and third largest in the world.