
10 richest countries in the world are..., US is at 9th position, India, Pakistan are at...
10 Richest Countries In The World: There are over 190 countries in the world, and each country, big or small, has its unique traditions and culture. Some are famous for picturesque scenery, and some are known for their delicious food and one-of-a-kind traditions. Have you ever wondered, out of these 193 countries, which are the richest ones? And let us tell you that having the largest GDP does not necessarily mean being the richest country. There are many other parameters for this. In such a situation, check out the list of the 10 richest countries in the world released by World Atlas. Listing the top 10 richest countries requires considering several parameters. Here is the list of the 10 richest countries in the world released by World Atlas. Singapore
Known for its beautiful scenery, Singapore is the richest country in the world, as per WorldAtlas.com. It has a high-income economy, projected to have the highest GDP/capita (PPP) on the globe by 2025. The country is also famous for its business-friendly environment and major investments in infrastructure, education, healthcare, and public services. Luxembourg
Luxembourg holds the second position in the list. It is known for its strong banking and finance sectors. By 2025, the country is going to rank second in the world in GDP (PPP) per capita. Ireland
Ireland's economy underwent a period of rapid expansion between 1995 and 2007, transforming it from one of Europe's poorest nations to its third wealthiest globally, a phenomenon known as the 'Celtic Tiger.' Queue
Middle East country – Qatar ranked fourth on the richest country list. The country's economy can be judged from the fact that it owns most of the expensive areas of London.
Notably, Qatar's economy has witnessed significant growth and stability due to its major petroleum and natural gas reserves. Government revenue, GDP, and export earnings are heavily dependent on these natural resources, comprising over 70 percent, 60 percent, and 85 percent. Norway
One of the most beautiful European countries, Norway is the fifth richest country in the world. It is rich in sectors like – petroleum and natural gas, with a highly developed mixed economy.
As of 2025, Norway's GDP is USD 504.28 billion, with a GDP per capita of USD 89,690. Sectors like – Agriculture (1.6percent), industry (34.7percent), and services (63.5percent) play a major role in its economy.
It maintains very low unemployment rate and a high standard of living as compared to other European countries. Switzerland
Switzerland, ranking sixth globally in wealth, boasts a high standard of living. Its economic strength is evident in its substantial millionaire population (800,000) and disproportionately large share of the world's wealthiest individuals (1.7%), despite comprising only 0.1% of the global population. Brunei
Brunei is the seventh richest country in the world. Its economy is heavily dependent on the petroleum and natural gas sectors. These sectors contributes majorly in Brunei's GDP. In 2025, its GDP is projected to be USD16 billion. Guyana
Ranked as the eighth richest country in the world, Guyana's economy has undergone a remarkable transformation since the discovery of significant offshore oil reserves in 2015.
By 2025, the country's GDP per capita is expected to reach USD94,258 (PPP). United States
US is the ninth richest country in the world and also the only country with the largest economy by GDP in 2025.
A major component of America's economy is its service sector, which accounts for 80.2percent of GDP. Other sectors such as industry (18.9percent) and agriculture (0.9percent) also plays a major role. Denmark
Denmark, a high-income, advanced economy, ranks among the world's ten wealthiest nations. Its economy is largely service-based (80 percent of employment), with manufacturing contributing approximately 11 percent. Denmark's projected GDP for 2025 is USD449 billion.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


India Today
5 minutes ago
- India Today
Is US economy nearing recession? July jobs report shows rise in unemployment rate
US job growth in July 2025 fell short of expectations, delivering a sharp blow to economists and unsettling financial markets. According to a closely watched Labor Department report released on Friday and cited by Reuters, nonfarm payrolls added just 73,000 jobs last month, well below expectations, while employment gains from May and June were revised downward by a staggering 258, unemployment rate also ticked up to 4.2 per cent from 4.1 per cent, signalling that the once-resilient labor market may finally be cracking under market strength had been a main support for the U.S. economy, helping it hold up against high inflation and tough policies from the Trump administration, such as new tariffs and strict immigration measures. But the latest Bureau of Labor Statistics (BLS) data paints a troubling picture of a cooling job market, raising the specter of a looming the most startling revelation in the report wasn't July's weak job creation alone, but the massive downward revisions to previous job gains were cut from 144,000 to just 19,000, and June's numbers were slashed from 147,000 to a paltry 14, Freeze Signals Broader SlowdownThe three-month average for job gains has now dropped to just 35,000, a sharp drop from monthly averages exceeding 240,000 in like retail, tech, and manufacturing are reporting either stagnant hiring or outright layoffs. Wage growth is also slowing, job openings are declining, and the unemployment uptick marks a critical turning point for analysts who had seen labor data as a key measure of economic resilience.'This is the slowdown we've been bracing for,' said Luke Tilley, chief economist at Wilmington Trust. 'Firms are adjusting to a very different cost structure and holding off on hiring.'Trump's Tariffs: A Major Obstacle to GrowthPresident Donald Trump's sweeping 2025 tariff agenda is emerging as a key factor weighing down job creation. The average US tariff rate has surged to between 18 per cent and 21per cent, the highest in over a to the Penn Wharton Budget Model, the long-run effect could be a 6 per cen reduction in GDP and a 5 per cen decline in real wages. Middle-income households may lose an estimated USD 22,000 in lifetime Tax Foundation compares the tariffs to a stealth tax hike, estimating they could shrink 2025 GDP by 0.8% and cost households between $1,200 and $1,600 this year alone. Higher input costs—up 2% to 4.5% in some sectors—are pressuring businesses to scale back hiring or cut jobs Under Pressure to PivotWith inflation still stuck between 2.6 per cent and 2.8 per cent, the Federal Reserve has been trying to strike a careful balance. But the sudden slowdown in the job market may push it to to CME Group data, investors now see a 75.5 per cent chance the Fed will cut interest rates in September—up from just 40 per cent the day before the jobs report came central bank had been using strong employment numbers to justify holding rates steady. Now, the dramatic slowdown in hiring may compel policymakers to act to prevent a deeper economic all sectors fared equally. Healthcare, construction, and government continued to post modest job gains, but at a slower pace. Meanwhile, tech, retail, and manufacturing either stagnated or saw declines in hiring.A Turning Point for the Economy?The July jobs report may mark the moment when a soft landing slipped out of reach. With hiring slowing, jobless claims ticking upward, and consumer spending dampened by inflation and higher costs due to tariffs, many economists believe the second half of 2025 could see the US slipping closer to, or even into a recession.'This report is a gamechanger,' said Heather Long, chief economist at Navy Federal Credit Union, via CNBC. 'The labor market is deteriorating quickly.'- Ends


NDTV
20 minutes ago
- NDTV
What Is Germany's Freelance Visa And Why It Matters To Indian Travellers
For many Indian travellers, the idea of living in Europe has always felt like a distant, if beautiful, hypothesis. A place for brief holidays, Schengen stamps, and postcard winters-never a space to pause, work, and actually live. But in recent years, Germany has been quietly opening a different kind of door: a visa that does not ask for an office desk or a corporate job offer. Instead, it asks what you do, how well you do it, and whether you are ready to build a life on your own terms. It is not instant, and it is not for everyone. But if you have the paperwork and the patience, it could mean something much more lasting than a two-week Euro trip. What Is Germany's Freelance Visa? Germany's Freelance Visa is a residence permit that allows non-EU citizens to work independently in certain professional categories while living legally in the country. Unlike a tourist visa, which restricts work, or a work visa that depends on a full-time employer, this option gives qualified individuals the freedom to run their own professional practice. It is structured around liberal professions-meaning it is ideal for creatives, educators, scientists, and consultants whose work is not bound to a traditional office. The visa is typically granted for one year, with the possibility of extension. If you meet the conditions-ongoing freelance work, proof of income, tax registration-it can be extended for up to three years. After five years of continued stay and fulfilment of requirements, applicants may become eligible for permanent residency. Why It Matters To Indian Travellers For Indian citizens, navigating European visas often comes with a long list of constraints-employer sponsorship, tight visa durations, and little flexibility. Germany's freelance visa breaks that mould. It allows Indian travellers to: Base themselves in Europe for at least one year Work independently, legally invoicing clients in Germany and other EU countries Travel within the Schengen area (up to 90 days in any 180-day period) Renew the visa or eventually apply for permanent residency This visa is not meant for backpackers or short-term tourists-it is for those looking to spend an intentional year or more abroad, combining career with travel, language learning, and cultural immersion. Who Is Eligible? Eligibility is based on whether your profession falls under what Germany defines as a "liberal profession." These are jobs that require expertise, creativity or intellectual work, but not a business license. Some of the eligible professions include: Journalists and photojournalists Writers, editors, interpreters, and translators Architects, engineers, and surveyors Visual artists, musicians, and designers Teachers, educators, and researchers Lawyers, patent agents, tax consultants, and accountants Medical and therapeutic professionals like physiotherapists, dentists, and veterinarians Pilots and aviation specialists If you are in IT or business services, you may need to apply for a different visa, such as the self-employment visa (Gewerbetreibende). What Documents Do You Need? Be prepared-Germany is detail-oriented. The documentation required for the freelance visa application is extensive, and applicants need to show that they are financially self-sufficient and professionally qualified. Here is a checklist of the key documents required: A valid passport (issued within the past 10 years and with at least two empty pages) Proof of income: approximately 1,280 euros per month (Rs 1.27 lakh) as a minimum Proof of professional qualification (such as a university degree) Proof of freelance work or client contracts-letters of intent or ongoing projects Detailed freelance business plan or project outline A comprehensive CV Health insurance valid in Germany Proof of address/accommodation in Germany Two passport-size photographs (taken within the last six months) Pension plan documentation for applicants over 45 Visa fee payment receipt (75 euros or about Rs 7,500) Tip: Double-check which documents need to be submitted in German or translated versions. Many consulates require official translations. How To Apply From India Applying for this visa involves a combination of paperwork in India and follow-ups in Germany. Here is a step-by-step guide tailored for Indian travellers: Fill out the National D visa application form and print a copy for submission. Book an appointment with the German Embassy or Consulate in India. Prepare your documents, including income proof, business plan, and health insurance. Attend the in-person appointment, where your biometric data will be collected. Wait for the visa to be processed-this can take between 6 and 10 weeks. Once in Germany, register your address (Anmeldung) within two weeks. Visit the local Auslanderbehorde (Foreigners' Office) to apply for your freelance residence permit. Remember, the National D Visa is your entry pass. The residence permit is what allows you to live and work long-term. Can You Afford To Live In Germany On A Freelance Visa? While the visa fee itself is nominal, living costs are not. Germany is not the cheapest destination in Europe, but it offers value in terms of quality of life, infrastructure, and access. Here is a monthly estimate to help plan your finances: Shared housing (WG or flatshare): 300 to 600 euros Groceries: 150 to 200 euros Transport pass: 49 to 90 euros Internet/phone/utilities: 100 euros Miscellaneous personal expenses: 100 to 200 euros Total estimated monthly budget: 800 to 1,200 euros In addition to this, you must show proof of funds for one year-around 11,208 euros, which is close to Rs 10 lakh. What Life In Germany Could Look Like For A Year This visa is not just about work. It opens up a different kind of European life-one that involves living like a local. No two months will feel the same: Winter: Christmas markets, hot chocolate, snow-covered old towns Spring: Bike rides through parks, blooming cherry trees, weekend trips to neighbouring cities Summer: Beer gardens, lakeside picnics, outdoor cinema screenings Autumn: Foliage trails, wine festivals, and local Oktoberfest celebrations You could also take up: Volunteering at local cafes or co-working spaces Enrolling in a neighbourhood language school Shopping at weekly farmers' markets Living without a car-most cities are built for walking and cycling Adjusting to Sunday quiet-most shops are shut, so it is your day to slow down What Happens After One Year? If you have maintained your freelance work and financial self-sufficiency, your visa can be extended. Some freelancers also use the opportunity to: However, if your income is not consistent or the freelance work dries up, you may need to return to your home country.


News18
29 minutes ago
- News18
Jury orders Tesla to pay more than USD 200 million in Autopilot crash case
Last Updated: Miami, Aug 1 (AP) A Miami jury decided that Elon Musk's car company Tesla was partly responsible for a deadly crash in Florida involving its Autopilot driver assist technology and must pay the victims more than USD 200 million in punitive damages. The federal jury held that Tesla bore significant responsibility because its technology failed and that not all the blame can be put on a reckless driver, even one who admitted he was distracted by his cell phone before hitting a young couple out gazing at the stars. The decision comes as Musk seeks to convince Americans his cars are safe enough to drive on their own as he plans to roll out a driverless taxi service in several cities in the coming months. The decision ends a four-year long case remarkable not just in its outcome but that it even made it to trial. Many similar cases against Tesla have been dismissed and, when that didn't happen, settled by the company to avoid the spotlight of a trial. 'This will open the floodgates," said Miguel Custodio, a car crash lawyer not involved in the Tesla case. 'It will embolden a lot of people to come to court." The case also included startling charges by lawyers for the family of the deceased, 22-year-old, Naibel Benavides Leon, and for her injured boyfriend, Dillon Angulo. They claimed Tesla either hid or lost key evidence, including data and video recorded seconds before the accident. Tesla has previously faced criticism that it is slow to cough up crucial data by relatives of other victims in Tesla crashes, accusations that the car company has denied. In this case, the plaintiffs showed Tesla had the evidence all along, despite its repeated denials, by hiring a forensic data expert who dug it up. Tesla said it made a mistake after being shown the evidence and honestly hadn't thought it was there. It's not clear how much of a hit to Tesla's reputation for safety the verdict in the Miami case will make. Tesla has vastly improved its technology since the crash on a dark, rural road in Key Largo, Florida, in 2019. (AP) NPK NPK (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.