Fun Facts about the Richest Landlocked Countries in the World
- pixabay/csr_ch
VIVA – A landlocked country is defined as a land-filled country. In 2008, there were 44 countries confined to nature.
There are some landlocked countries but they are the richest in the world. These countries obviously do not have direct access to coastal ports and all export goods arriving by sea must travel longer distances and neighboring countries before reaching the landlocked countries.
This fact causes landlocked countries to lose their export competitiveness. These countries need to bear the extra administrative problems and costs associated with transporting goods across neighboring countries.
Well, here are fun facts about the richest landlocked countries in the world as quoted from worldatlas.com:
1. List of the World's Richest Landlocked Countries with the Net Worth
Almaty, Kazakhstan
- BusinessInsider
Switzerland has a net worth of US$ 664,738, Austria has a net worth of US$ 374,056, Kazakhstan has a net worth of US$ 184,361, the Czech Republic has a net worth of US$ 181,811, Hungary has a net worth of US$ 120,687, Slovakia has a net worth of US$ 86,582, Luxembourg has a net worth of US$ 57,794, Belarus has wealth of US $ 54,069, Serbia has a wealth of US $ 36,513, and Armenia has a wealth of US$ 11,644.
2. The Reason Why Landlocked Countries are Prosperous
Austria (Ilustrasi).
- Pixabay
Although being a landlocked country can cause various problems, these countries having strong and supportive neighbors is one of the main reasons responsible for the success of the above-mentioned landlocked rich countries.
Also, because most of these countries are in Europe, they are not too far from the coast despite being landlocked countries.
These countries also enjoy strong economic ties and friendly relations with their neighbors, internal peace and political stability prevail in these countries, and they also have well-developed infrastructure facilities.
3. Neighbors and Natural Wealth are Factors for Prosperity
Luksemburg negara dengan produktifitas tertinggi.
- Business Insider
Kazakhstan is one of the richest landlocked countries in the world, although, it is not located in Europe but in Central Asia, it is also quite prosperous. Its vast oil, metal and mineral resources and fertile land support Kazakhstan's economy.
For example, Luxembourg has excellent relations with its neighbors France, Belgium, and the Netherlands and can easily export and import goods through neighboring countries.
On the other hand, Ethiopia in Africa, the richest landlocked country in the world, also has unstable relations with its neighbors, Somalia and Eritrea.
4. The Reason Why Landlocked European Countries are Wealthy
The nations of Europe do not have a long history of colonialism and exploitation by colonial powers. These countries have long been independent and over the years stabilized their economies, obtained high literacy rates, and developed high-quality infrastructure.
Most of the landlocked countries in other parts gained independence only recently and were heavily exploited by the colonial powers. Many of these countries are also plagued by internal insurgency and civil war.
Some international organizations such as the United Nations aim to help these landlocked countries by changing the trade and customs laws that apply in these countries.
Infrastructure development in these countries has also been encouraged with financial assistance from these organizations.
