GENERAL KNOWLEDGE

Detailed explanation-1: -From its humble roots of just a small fishing industry, the nation has cultivated abundant wealth through its vitally important oil exports. However, since 1997 exports have increased tremendously, flowing directly into the country’s GDP, making Qatar one of the world’s wealthiest countries.

Detailed explanation-2: -So in the case of Qatar, which remains as the richest country in the world today, its GDP per capita of $129, 360 represents the annual income of the average Qatari.

Detailed explanation-3: -Grand Duchy of Luxembourg, a small country in Western Europe, is at the top of the list. It is a landlocked country which shares borders with Belgium, Germany and France.

Detailed explanation-4: -The exploration of oil and gas fields began in 1939. In 1973, oil production and revenues increased dramatically, moving Qatar out of the ranks of the world’s poorest countries and providing it with one of the highest per capita incomes in the world.