Surprising Wealth: smallest countries among the richest in the world

Surprising Wealth: smallest countries among the richest in the world

ALBAWABA - Many people are surprised to discover that several of the world's wealthiest countries are also among the smallest in terms of land area. Countries like San Marino, Luxembourg, Switzerland, and Singapore benefit from advanced financial sectors and sophisticated tax systems that attract foreign investment, professional talent, and large banking deposits.

Other countries, such as Qatar and the United Arab Emirates, possess vast reserves of oil, gas, or other lucrative natural resources.

But what do we mean when we say a country is "rich," especially in an era of increasing income inequality between the super-wealthy and the rest of the population? While Gross Domestic Product measures the value of all goods and services produced within a country, dividing this GDP by the population provides a better indicator of a country's wealth or poverty relative to another nation.