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Entertainers especially those in the music industry are no doubt some of the world’s highest earners. In a consequence of this, many European countries live above the globally recognized poverty line. News on all your favorite celebs, reality TV, and movies. In addition to its small landmass, Luxembourg is one of the least populous countries both in Europe and the entire world. The fund expects that the 10,000 start-ups and young businesses selected from across Africa over a ten-year period will ultimately create one million new jobs and add $10 billion in revenues to Africa’s economy. Austria is a German-speaking country situated in the Central region of Europe. The first two months of 2018 proved that it would be a year with success in Ghana’s hiplife with new releases from reputable artists already out. According to the IMF, Africa is the poorest continent in the world – despite containing a fifth of the total population of our little planet. Luxembourg is a wonderful country located in the Western region of Europe. The Netherlands remained under Spanish colonialism until it attained independence in 1581 and during this time, it was regarded as the United Provinces. Having been ruled by Denmark and Sweden for many years, Norway eventually attained independence in 1905. By Megan Trimble , Digital News Editor Dec. 14, 2017 By Megan Trimble , … In addition to enormous tracts of peat bog and a number of large lakes, Ireland consists of high mountains rising above 3000ft. With the per capita income of $46,563, Germany comfortably secures the tenth position among the richest European countries. Around its North West, Netherlands shares land borders with the North Sea. Africa, as a continent, comprises a huge 54 sovereign states. It is widely regarded as the area where modern man emerged from so, if you trace back far enough, we're all a little bit Ethiopian. He earned the distinction of being named among “America’s Top Plastic Surgeons” in 2011. Top African Export Countries. Based on GDP per capita, Ireland is the fourth richest country in Europe, with an average income of $77,771. Across the globe, Switzerland is best known for its snow-covered mountains and as the best destination for winter tourism. Besides Amsterdam –the capital city of the Netherlands –Rotterdam is another major city in the Netherlands and it is considered the largest port on the European continent. Around the 17. century, the Netherlands became a significant influence in terms of commercial and maritime services. Ranked the richest man of all time he is famous for his pilgrimage to Mecca which showcased his wealth to the cities he visited. Larry Page stepped down as CEO of Alphabet, the parent of Google, in December 2019 but remains a board member and a controlling shareholder. During this time, Ireland was in alliance with Great Britain but it was eventually split into Northern Ireland and the Irish Free State in 1921. Egypt will need to pick up the pace if they want to retain their number 2 spot; Nigeria is hot on their heels! Ghana has been a leader of the pack for quite some time now, being West Africa’s first country to gain independence from the colonialism that had virtually taken over Africa back in 1957. Petroleum is a substantial source of investment for Angola, with the US importing 7% of its total petroleum imports from there. All figures are based on the latest annual report by the International Monetary Fund (IMF) and the World Bank using GDP current prices in U. S. dollars. It is almost impossible for Ghanaians to talk about hiplife music without mentioning the name Sarkodie. Alternatively known as Holland, Netherlands is one of the countries in the Western region of Europe and it constitutes the major member states of the Kingdom of the Netherlands. We can't help but wonder; if it were not for the current political instability, how much further up our list would this country be? Being a coastal country, Morocco attracts beach and sea lovers but it also happens to be the home of Casablanca, the city made famous in the 1942 film of the same name, which is sure to attract tourists. This accounts for 41% of the GDP, 80% of the total exports and 80% of employment. In addition to Luxembourgish, the languages spoken in Luxembourg are German and French. With Britain falling from fifth to seventh place, both France and India are likely to overtake the United Kingdom in the rankings of the world’s largest economies in 2019, that according to the CEOWORLD magazine. Later in 2017, he was appointed as Chairman of the Board of Trustees of the Social Security and National Insurance Trust, the state pension fund by President Nana Akufo Addo. Oil production is another Angolan lifeline economically, providing 45% of the country’s GDP (though this pales in comparison to Libya’s 80%). Europe is undoubtedly one of the leading continents in terms of economic development. Before the arrival of European settlers, who introduced a formal education system addressed to the elites, education in Ghana was mainly informal and based on apprenticeship.Pre-Independent Ghana was known as the Gold Coast. 10 10 Libya GDP (PPP): $76.52 billion A fresh take on sports: the biggest news and most entertaining lists. Widely recognized as one of the best places for tourism, Germany is a developed nation characterized by a mild seasonal climate. In fact, the IMF described Morocco as “a pillar of development” in the area in 2010; there's no higher praise! Iceland is widely recognized for its high levels of volcanic activities. In terms of economic progress, Sweden maintains the per capita income of $51,241, making it the fifth richest country in Europe. Your email address will not be published. On that note, and in an attempt to focus on the positive, here are the top ten richest countries in Africa. According to market research company New World Wealth, the world has accumulated $215 trillion in private wealth, a 12% increase over the last year.. Incredibly, the vast majority of this wealth – about 73.5% – is held by just 10 countries: Currently, Equatorial Guinea is the richest country in Africa, with a per capita income of $34,865. That’s all about the Top 10 Richest Countries In Europe 2020, Tags: Top 10 Richest Countries In Europe By GDP Per Capita 2020. The Netherlands remained under Spanish colonialism until it attained independence in 1581 and during this time, it was regarded as the United Provinces. Tunisia has a wide spectrum of industries that make up its economic landscape and unlike many of its counterparts in Africa, there's no one clearly dominating industry. TOP 10 RICHEST AFRICAN COUNTRIES IN 2020 RANKED BY GDP & PRIMARY EXPORTS. Meanwhile, it is best known for export products such as steel, timber, iron ore, paper, and pulp. Richest City in the World. There is currently a “Ghana 2020” visionary programme in place, which aims to see Ghana gain developed status by the year 2020. It also happens to be one of the fastest-growing economies, not just in Africa but in the world. Musa I or Mansa Musa was the Emperor of Mali during the fourteenth century. Meanwhile, this is a substantial level of economic development which makes Austria 9, Technology is one of the key factors strengthening the economy of Germany. This is because many different factors can be used to determine a city’s wealth You've certainly read about the top country in history books. Behind the scenes, Rawlings’ family, traditional chiefs, and political figures have been at odds over the legacy of the former air force flight lieutenant, who twice overthrew governments but was widely seen by […] In terms of land area, the Netherlands covers a total of 41,526 square kilometers. In this regard, it takes the 36th position among the global ranking of countries with the highest GDP (PPP) and in terms of nominal GDP, Switzerland sits in the 2nd position. Mike Adenuga($9.4 Billion) Adenuga is currently the second richest man in Nigeria and designed his fortune in telecommunication and oil production. Based on various economic models, Iceland boasts of impressive positions that distinguish it as one of the most developed nations both in Europe and the world. Also, it is noteworthy that the Netherlands was part of the member states that founded the European Union. According to the IMF, Libya’s GDP took an almost 60% plunge into negative figures in 2011, before the 2012 rebound. Nigeria provides about 10% of the oil imports in the US which makes this fossil fuel vital to sustaining their economic growth. Iceland is a republic as well as an island nation in the North Atlantic Ocean. This article is based only on brands. Austria is a German-speaking country situated in the Central region of Europe. Under its adequate standard of living coupled with an operative financial market, Austria continuously appears among the richest European countries as per average income. Yes, South Africa is sitting pretty at the top of the list. By and large, manufacturing is the most contributive sector to Germany’s wealth base. Top Products. Tourism is also a big deal in the country, accounting for over 10% of the total employment. With a net worth of $1.2 billion, Dr. Kwame Addo Kufuor makes it to the list of richest politicians in Ghana.. One of the things keeping Morocco’s economy in the low figures is the high cost of importing goods, which is essential to the national economy. With its population estimated fairly above 8 million inhabitants, Switzerland has been able to maintain steady economic progress with a substantial per capita income of $83,716, making Swiz 2nd on our list of richest countries in Europe. Here we are at last – the number one spot! Luxembourg is a founding member of the European Union. 23-year-old journalist from Ireland. With the substantial per capita GDP of $52,367, Netherlands maintains one of the best standards of living both in Europe and the entire world. Through St George’s Channel, the Irish Sea and the North Channel, the territory of Ireland is separated from Britain. This list uses the GDP at Purchasing Power Parity, as per the CIA World Factbook in 2012, to rank these African countries by wealth. In the 16, century, England succeeded in the conquest of Ireland. Ghana might be bringing up the rear of our list but not for long! Subsistence agriculture provides employment for 85% of the Angolan population. The main source of Ghana’s economic prosperity is their natural resources: Ghana is Africa’s second-largest producer of gold and also the world’s second-largest producer of cocoa. Indeed, the economy of Africa grew by 5% in 2012 while the rest of the world was in the grips of economic recovery. With the substantial per capita GDP of $52,367, Netherlands maintains one of the best standards of living both in Europe and the entire world. Though the political instability remained, 2012 saw Libya increase their gross domestic product by an astonishing 122%. As contained in human development index charts, Luxembourg remains Europe’s richest country with an average income of $113,196. According to the OECD in 2012 the top 0.6% of world population (consisting of adults with more than US$1 million in assets) or the 42 million richest people in the world held 39.3% of world wealth. Taiwan and Singapore top the list of the countries and territories with the fastest internet speeds in the world - the United States is at 15th place and the United Kingdom at 33rd in the 'Global League' rankings. Meanwhile, this is a substantial level of economic development which makes Austria 9th on our list of the top ten richest countries in Europe. Germany The latest projected 'GDP rankings of the world's largest economies' is based on the size of national economies in US dollar terms. Egypt equals pyramids, the Sphinx and the Nile. Widely known as a Member State of the European Union, Austria achieved the status of a republic in 1919. Officially regarded as the Kingdom of Belgium, Belgium shares land borders with the North Sea and a few European countries including France, Luxembourg, Germany, and the Netherlands. Much like Tunisia, Morocco experienced a tourism boost in the early 21st century. The natural resources in South Africa include diamonds, coal, platinum and many other natural minerals. Switzerland became an independent nation in 1499 and its territory stretches across the Alps and the Jura Mountains. The secret to Africa’s recent comparative success seems to be its vast amount of natural resources. With the per capita income of $77,975, Norway happens to be the third richest country in Europe. Besides volcanoes, Iceland is best known for some notable features including lava fields, interesting landscapes, hot springs, and geysers. Norway’s per capita income of $77,975 gives it the sixth position in the world in terms of Purchasing Power Parity. Above that, the German government focuses on the exportation of finished products, giving Germany the third position among the world’s largest exporters of goods. Europe is one of the continents of the world and its small land area covers 10.18 million square kilometres. 2013 saw a growth of 6.6% in terms of GDP - compared to 12.7% in 2010 – but the growth is still stable so Ethiopia could be another one to watch for climbing this list in the future. By and large, manufacturing is the most contributive sector to Germany’s wealth base. In partnership with Luxembourg and Belgium, Netherlands founded the Benelux customs union in 1948. On that note, and in an attempt to focus on the positive, here are the top ten richest countries in Africa. With its population estimated fairly above 8 million inhabitants, Switzerland has been able to maintain steady economic progress with a substantial per capita income of $83,716, making Swiz 2nd on our list of richest countries in Europe. Within the Central region of Europe, Switzerland is one of the luxuriant countries which attract tourists from across the globe. Tunisia is one of the more interesting examples on the list. Obeng was born to a poor family in Ghana, and immigrated to the US. Economic growth in Ethiopia has decreased slightly in the last few years but is still impressive in international terms. This highlights the fact that a relatively small number of people are benefiting from South Africa's wealth. Probably, Luxembourg has taken the advantage of beneficial economic policies and low population to achieve remarkable progress and boost the standards of living of its citizens. Petroleum, diamonds and iron are the country’s biggest natural resources. In comparison with the other European countries on this list, Austria maintains the per capita income of $50, 022. Meanwhile, its low population is one of the key factors contributing to the substantial average income of $67,037. Sweden is one of the European countries that benefit massively from exportation. Also Read: Top 10 Richest Presidents in Africa 2020 2. There's a dark side to our number one spot: As with many of the wealthiest countries in Africa, South Africa has an enormous problem with wealth inequality. Graduate of NUI Galway and the University of Ulster. Across the world, German citizens are revered for their expertise especially in sports. In a consequence of this, many European countries live above the globally recognized poverty line. Its territory stretches across the Eastern patch of the Scandinavian Peninsula. Well, there are countless reports, theories and debates on this topic: Some blame the IMF’s influence and the countries' crippling debts; others blame large companies for stripping African countries of their natural resources for astonishing profits. These sectors also make up 97% of the country’s exports - the Algerians know how to maximise their natural resources. As a consequence, Ireland remained a dependent State under the control of England until the early 18. century. What is perhaps less reported in the mainstream media is the booming Libyan economy. From 1380 to 1918, Iceland remained under the colonial influence of Denmark. The largest employment sector is, in fact, the government. Officially regarded as the Republic of Ireland, Ireland is a small-sized country located in the North Atlantic Ocean. The appeal, no doubt, is due to the fact that there's a differing culture from mainland Europe to experience, with that reassuring element of familiarity in proximity. There are ten women who have proven their worth, standing out to become the top 10 richest women in Africa and employers of thousands of people through companies and ventures that they manage. Meanwhile, this makes it an interesting thing to discuss the, Luxembourg is a wonderful country located in the Western region of Europe. The world comprises over 190 countries and about 50 of these countries are situated on the European continent. Top 10 hiplife songs 2021. Its land area spans across 40,000 square miles and it is occupied by over 332,529 inhabitants. Precisely, this low population has kept the country within economic sustenance and raised the standards of living of Irish citizens. Despite this, annual growth remains pretty good, at roughly 2% per year and an expected growth of 4% this year. Above that, the German government focuses on the exportation of finished products, giving Germany the third position among the world’s largest exporters of goods.
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