The Briefing
- The richest country in the world is Luxembourg with a GDP per capita of over $109,000
- The world’s 25 richest countries are located across North America, Europe, Asia, and Oceania
Mapped: The 25 Richest Countries in the World
Which are the richest countries in the world, by nominal GDP per capita?
This map looks at the top 25 countries by this metric. They’re located across North America, Europe, Asia, and Oceania. Notably, no South American or African countries make the list.
Country | GDP per capita (USD) |
---|---|
๐ฑ๐บ Luxembourg | $109,602.32 |
๐จ๐ญ Switzerland | $81,867.46 |
๐ฎ๐ช Ireland | $79,668.50 |
๐ณ๐ด Norway | $67,988.59 |
๐บ๐ธ United States | $63,051.40 |
๐ธ๐ฌ Singapore | $58,483.96 |
๐ฉ๐ฐ Denmark | $58,438.85 |
๐ฎ๐ธ Iceland | $57,189.03 |
๐ถ๐ฆ Qatar | $52,751.11 |
๐ฆ๐บ Australia | $51,885.47 |
๐ณ๐ฑ Netherlands | $51,289.57 |
๐ธ๐ช Sweden | $50,339.20 |
๐ฆ๐น Austria | $48,634.34 |
๐ซ๐ฎ Finland | $48,461.48 |
๐ฉ๐ช Germany | $45,466.12 |
๐ญ๐ฐ Hong Kong SAR | $45,175.73 |
๐ง๐ช Belgium | $43,813.80 |
๐จ๐ฆ Canada | $42,080.10 |
๐ธ๐ฒ San Marino | $41,682.81 |
๐ฎ๐ฑ Israel | $41,559.51 |
๐ซ๐ท France | $39,257.43 |
๐ฌ๐ง United Kingdom | $39,228.52 |
๐ฏ๐ต Japan | $39,047.90 |
๐ฒ๐ด Macao SAR | $38,769.20 |
๐ณ๐ฟ New Zealand | $38,675.32 |
Although number one on the global stage in terms of total GDP, the U.S. places fifth with a GDP per capita of $63,051.
Interestingly, a number of countries with smaller population sizes have a high GDP per capita. For example, Iceland makes the top 10 at $57,189, but the island’s population is only around 342,000 people. Similarly, Luxembourg’s population is just under 633,000—but it’s the richest country in the world on a per capita basis.
Building Wealth
So how did these countries become so well off?
Looking at history, most high-income countries went through a similar linear journey. Beginning with agriculture-based economies, they went through a period of rapid industrialization, and finally became service-based economies.
In Luxembourg today, one of the top industries is banking and financial services, for example. Here’s a look at some of the top industries in the next five richest countries:
- ๐จ๐ญ Switzerland:
Banking and financial services, agriculture - ๐ฎ๐ช Ireland:
Natural resources (including agriculture, fisheries, forestry, and mining), pharmaceuticals - ๐ณ๐ด Norway:
Oil and gas, hydropower, seafood - ๐บ๐ธ U.S.:
Real estate, healthcare, technology - ๐ธ๐ฌ Singapore:
Financial services, manufacturing, oil and gas
The world’s wealthiest economies will likely remain on top for the foreseeable future, though some may experience plateauing growth. In Japan, for example, the domestic market is beginning to shrink due to an aging population.
Regardless, the wealth of these countries today is astounding, with the richest country in the world having a GDP per capita of 415x more than the poorest country in the world.
Where does this data come from?
Source: IMF
Details: GDP per capita is measured in $USD, 2020. In IMF’s database, Macao SAR and Hong Kong SAR are both listed separately from China.
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