From the s through the late s, South Korea had one of the world's fastest growing economies. This growth is sometimes referred to as the "miracle on the Han River. South Korea has few natural resources and suffers from overpopulation. This has forced South Korea to import a great deal of its basic needs and raw materials and to use these to produce finished goods for export.
Using the purchasing power parity PPP value of all final goods to show true value of dollar within a country in a given year.
Oil nations dominate the list, as well as a few that may be surprises. All figures in this article are taken from the latest numbers according to the International Monetary Fund.
Iceland is a highly developed country with a population that hovers aroundThough the country has a small population, its residents enjoy a high quality of life, with access to high quality education and universal healthcare.
Its success comes from three key sectors: Many people do not know that the Netherlands is actually a kingdom of four countries: It played a leading role in OPEC for many years.
The petroleum sector accounts for almost all of Saudi government revenues and export earnings. Despite possessing the largest petroleum reserves in the worldits per capita income is much smaller than of that of smaller Persian Gulf neighbors.
Reasons behind its success include its large domestic automotive industry, a technological sector that fosters innovation, and a system of democracy that protects entrepreneurial and intellectual property rights.
Major industries in San Marino include banking, tourism, electronics, and wine and cheese production. Notably, San Marino holds no national debt. Around half of its economy is fueled by tourism.
Swiss banking and financial institutions keep this country and its economy afloat. It is important to note that some of the wealthiest people and companies in the world own Swiss bank accounts and therefore Switzerland has excess capital to use for investment purposes.
With a population of 9. The highest-valued currency unit in the world currently is the The Kuwaiti dinar. In recent years, Kuwait has done little to diversify its economy due to a very positive fiscal situation.
Driven by fishing, natural resources, and major petroleum exploration, Norway is the eighth largest exporter of crude oil, 9th largest exporter of refined oil, and 3rd largest exporter of natural gas in the world. The main industries that boost its economy are textiles, mining, and food production - staple products in any economy.
The tiny state in southeast Asia has a total area of 2, sq mi and a population ofas of July Brunei is the ninth-largest producer of liquified natural gas in the world as well as the third-largest oil producer in Southeast Asia.
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|Latest International Headlines||Overview[ edit ] Following the Korean WarSouth Korea remained one of the poorest countries in the world for over a decade. Inmanufacturing industries accounted for approximately 30 percent of the gross domestic product GDP and 25 percent of the work force.|
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|The role of tourism in sustainable economic development||Guatemala, Honduras, and Nicaragua all have casinos even though some are not licensed or otherwise regulated.|
The government is working on diversifying the economy to rely less on petroleum revenue. This is nine times the world average.
The backbone of this strong economy is its vibrant financial sector, prudent fiscal policies, and dynamic industrial and steel sectors.Economics The Richest Countries In The World. The richest countries in the world can be measured by GDP per capita.
Qatar, Luxembourg, Singapore, and Brunei all top the list of the world's wealthiest places. Get the latest international news and world events from Asia, Europe, the Middle East, and more. See world news photos and videos at r-bridal.com The United States of America has more casinos than any other country in the world.
Almost half of the US states offer commercial casinos and even more states have Native American casinos located on . The government has a major role to play in promoting economic growth and development, and in implementing poverty reduction programmes.
The economy of India is a developing mixed economy. It is the world's sixth-largest economy by nominal GDP and the third-largest by purchasing power parity (PPP). The country ranks th in per capita GDP (nominal) with $2, and nd in per capita GDP (PPP) with $7, as of After the economic liberalisation, India achieved % average GDP growth annually. The Office of Public Affairs (OPA) is the single point of contact for all inquiries about the Central Intelligence Agency (CIA). We read every letter, fax, or e-mail we receive, and we will convey your comments to CIA officials outside OPA as appropriate. For many countries tourism is seen as a main instrument for regional development, as it stimulates new economic activities. Tourism may have a positive economic impact on the balance of payments, on employment, on gross income and production, but it may also .
However the problem in Africa is that governments lack the capacity to fulfill this role. The World Tourism Organization (UNWTO) is the United Nations agency responsible for the promotion of responsible, sustainable and universally accessible tourism.
As the leading international organization in the field of tourism, UNWTO promotes tourism as a driver of economic growth. South Korea ranks among the wealthiest nations in the world with an economy that ranks 13th in by nominal GDP and 30th by purchasing power parity (PPP).