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World's 10 richest nations

Last updated on: August 23, 2016 19:38 IST

India is ranked among the world's 10 wealthiest countries.

IMAGE: India ranked 7th among richest nations. Photograph: Babu/Reuters

India, Australia and Canada have overtaken Italy as the richest nation over the past 12 months.

Wealth refers to net assets of a person, according to a report by New World Wealth. It includes all their assets (property, cash, equities, business interests) less any liabilities, the report said adding that it excludes government funds from its figures.

Take a look at the world’s 10 richest nations…

IMAGE: United States, world’s richest nation. Photograph: Reuters

United States

Rank: 1

Wealth: $48,900 billion

IMAGE: China, fastest growing wealthiest country. Photograph: Reuters

China

Rank: 2

Wealth: $17,400 billion

China is the fastest growing wealthiest country in terms of dollar wealth growth over the past 15 years, says the New World Wealth report.

IMAGE: Japan, third richest nation. Photograph: Reuters

Japan

Rank: 3

Wealth: $15,100 billion

IMAGE: United Kingdom, 4th richest nation. Photograph: Reuters

United Kingdom

Rank: 4

Wealth: $9,200 billion

IMAGE: Germany, 5th richest nation. Photograph: Reuters

Germany

Rank: 5

Wealth: $9,100 billion

IMAGE: France, 6th richest nation. Photograph: Reuters

France

Rank: 6

Wealth: $6,600 billion

IMAGE: India, 7th richest nation.

India

Rank: 7

Wealth: $5,600

India has recorded an impressive rise in wealth, says the report.

IMAGE: Canada, 8th richest nation.

Canada

Rank: 8

Wealth: $4,700 billion

IMAGE: Australia, 9th richest nation.

Australia

Rank: 9

Wealth: $ 4,500 billion

Australia’s ranking is impressive considering it only has 22 million people living there, says the New World Wealth report.

IMAGE: Italy, 10th richest nation. Photograph: Reuters

Italy

Rank: 10

Wealth: $4,400 billion