Monday, May 18, 2020

The Richest Countries In Europe



Many nations in continental Europe are listed as some of the world's richest countries. Europe's history highlights many additions and civilizations, and it remains to dominate in areas such as technology, exports, industrialization, engineering, and services. The citizens of the rich European nations can afford a high standard of living gratitude to the high GDP per capita.
EU Richest Countries:
Iceland
Iceland's GDP per capita is estimated at $74,278. The country established widespread free-market changes in the 1990s which initially proved strong. A financial mess that lasted from 2007 to 2010 placed the country in financial risk that it had to acquire emergency funding from some European nations and the IMF.

Ireland
Ireland's GDP per capita is ranked at 76,098 international dollars. The alcoholic drink sector is one of Ireland's main industries with a workforce of about 92,000. The pharmaceuticals, business services, software, medical technologies, and aircraft leasing are some of Ireland's other main areas.

Luxembourg
Luxembourg has the highest per capita GDP of all countries in the EU, which makes it the richest country in Europe as well as the richest country in the world. Luxembourg has remained stable for decades, and good governance has helped its economic development. It's iron and steel sector serves 7% of its economy, and it is the place to ArcelorMittal which is the world's biggest steelmaker.

Switzerland
Another wealthy European nation is Switzerland with a GDP per capita of 82,950 international dollars. Switzerland is renowned for its high-end watches and clocks which are exported to countries in the Americas, Oceania, Europe, Africa, and Asia. Its exported watches in 2011 were valued at more than $20 billion.

Norway
Norway owns a GDP per capita of 69,249 foreign dollars. Norway is very provided with natural gas, minerals, oil, fish, hydropower, and forests. The Norwegian government largely controls the nation's petroleum resources, and the sector accounts for 37% of the exportation, 12% of GDP, 9% of the labour force, and 13% of the country's income.

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