What is the most common attribute amongst the world's wealthiest countries as measured by GDP per capita (adjusted for purchasing power parity) in 2016?
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Income per capita (PPP) has slipped considerably from last year’s figure of $146,011.85 but Qatar nonetheless retains its position as the world’s richest country. Despite the recent dip in oil prices, GDP grew in 2016 on the back of expansion of the country’s non-hydrocarbon economy and a boost from the start-up of the Barzan mega-gas project. The economy has also received support from the bold infrastructure development program associated with Qatar’s hosting the 2022 FIFA World Cup. Household consumption remains resilient, but looking further ahead the government anticipates a contraction in nominal income. The fiscal and current account surpluses are also expected to decline due to projected lower oil prices and an erosion of hydrocarbon revenues. The government is committed to diversifying Qatar’s economy to shield it from the vagaries of oil price movements. With its considerable financial reserves the country is well placed to defend its position at the top of the ranking.