15 Richest Countries in the World by GDP (2023)
Looking to uncover the wealthiest countries in the world? You’re right on track!
We intend to list the top richest countries in the world based on their GDP per Capita, we will also cross examine a few of their economic drive and the standard of living in the top nations.
The overall population size and nominal GDP are also great determinant of a nation’s economic prosperity.
Richest countries in the world based on GDP per Capita
#1. Monaco
Monaco is a small country but measures big in terms of wealth. The French- speaking country is the second smallest state in the world with a population of 36k+ residents. It has a gross domestic product of 8.596 billion.
Monaco stands is no doubt an amazing example of economic prosperity. Looking at the country’s GDP per capita, It achieved an impressive feat of 234,315.46 USD, and this is evident even in the of standard of living of it’s people.
This level of remarkable wealth displayed by Monaco is a testament to how much it’s economy is fairing hriving and the many opportunities its residents stands to enjoy.
#2. Liechtenstein
Liechtenstein is surprisingly next on our list of the wealthiest nations in the world.
The German-speaking country is well received for it’s picturesque medieval castles, charming and breathtaking alpine landscapes in connection with the intricate trail network across the country.
Liechtenstein has a small population of 39,039, it also boasts an impressive GDP per capita of 157,754.95 USD.
Even with its smallness in size, the country’s boast s considerable level of wealth per citizen and residents, that in itself explains the economic prosperity and high standard of living the country and it’s people wield.
#3. Luxembourg
Luxembourg is a small country in Europe surrounded by France, Germany, and Belgium. The country prides itself to have an amazing GDP per capita of 133,590.15 USD with a it’s small population of 640,000
Luxembourg places high value on its multilingual nature and culture diversity.
The official language is Luxembourgish and good number of residents also speak French, and German as the official languages.
The country’s thriving economy has put it in the limelight and earned it some international influence, and economic prosperity, huge enough to be the significant European capital.
#4. Ireland
Next on the list is Ireland; a separated island located in the North Atlantic Ocean. The country is notice also stood out for it’s GDP per capita of $100,172.08 USD with s 5.033 million population.
Ireland has Irish has its official language. The country has a unique landscape and a distinctive cultural heritage that helps to continuously enable it’s identity as a thriving nation.
#5. Switzerland
Switzerland is a central European nation popular for its breathtaking Alpine peaks, picturesque lakes, and charming villages and morw.
Switzerland has population of over 8.073 million and also have remarkable GDP per capita of 91,991.60 USD.
Switzerland is a multilingual country with four languages namely French, Italian, Romansh, and German. The country is a vibrant destination with amazing cultural diversity and richness.
#6. Norway
Norway is a popular Scandinavian nation, with capital city, Oslo, the country is adorned with nice museums, glaciers, abundant of green spaces and deep coastal fjords. Norway has a population of 5.4 million and is named amongst the richest countries in the world due to it’s strong GPD of $89,154.28. Norwegian is the official language of this prosperous nation.
#7. USA
The United States of America is no doubt a worthy mention on the list of the richest nations of the world based on its tightening GDP. The country is also about the richest country in with massive population.
The United States is a North American country and it prides itself to have a population exceeding 331.9 million people with an impressive GDP per capita of 70,248.68 USD. American English is the predominant and official language of the Americans, while approximately 13.2% of the population communicates in Spanish.
The economy of the United States is the strongest and and world’s largest economy by nominal GDP and second largest based on the purchasing power parity index after China.
#8. Iceland
Iceland’s GDP per capita of 68,727.64 USD is very impressive despite being a small sized nation of approximately 372,520 in population. The country’s economy is solidly driven by top sectors and industries such as tourism, and aluminum smelting.
#9. Australia
Australia has a population of 25.69 million with an impressively high GDP per capita of 60,443.11 USD. The country is rated as the 12th largest economy globally and it thrives on her booming mining and production sectors, which is largely complemented by a strong service and export industry.
Australia’s wealth as a nation emanates from market-based economy, and plentiful natural resources, including coal and gas reserves. Australia is recognized as a prosperous nation, characterized by its robust economic foundation and ample resource wealth.
#10. Denmark
Denmark is a southernmost Scandinavian country encompassed with Jutland and Peninsula. A Danish-speaking region with a population of 5.856 million and boasts an impressive GDP per capita of nearly 68,007.76 USD which is evident in its economic prosperity and high standard of living.
#11. Canada
Located in North America, Canada is a vast country encompassing three extensive territories and ten provinces, spanning a total area of 3.855 million square meters. With a population exceeding 38.25 million, Canada thrives as a prosperous nation.
One key indicator of its economic prosperity is Canada’s impressive GDP per capita, which stands at 51,987.94 USD. Furthermore, English and French serve as the official languages of the country, reflecting its rich linguistic and cultural diversity.
#12. Germany
Germany, with a population of over 83.2 million, is the second-most populous region. Officially known as the Federal Republic of Germany, this German-speaking country boasts a GDP per capita of 51,203.55 USD. Its strong economy, supported by sectors like manufacturing, technology, and finance, has contributed to its high GDP per capita. Germany’s population size and economic output make it a significant player on the global stage, and its commitment to innovation and quality products has earned it a reputation as a leader in various industries.
#13. United Kingdom
The United Kingdom is a fiercely independent nation made up of England, Wales, Scotland, and Northern Ireland, it is an an island nation in North-Western Europe driven by sectors such as Service accounting for 70% of the GDP and Industry accounting for over 20%.
The UK has a thriving economy driven by the social market . With a population of 67.33 million, it is recognized for its rich heritage and diverse culture. The official languages spoken are English and British Sign Language. The country has a more resilient global environment and a tight labour market, this is evident in its GDP per capita of 46,510.28 USD, an index achievable by only strong-standing economies that is quite diversified.
#14. France
France is a Western European country with popular city Paris as the capital city. The country is much celebrated for it’s advancement in AI technology, diversified economy which is largely dominated by the service sector.
With a population of 67.75 million, France is able to maintain prominence as a wealth nation with an impressive GDP per capita of 43,658.98 USD. France wields the 7th largest economy in the world and the third largest economy in Europe after the United Kingdom and Germany.
#15. Japan
Japan is much loved for it’s enchanting Cherry Blossoms and captivating Anime. The country is an island nation with a GDP per capita of 39,312.66 USD making it one of the most developed economies of the world., it is regarded as being the economic powerhouse in East Asia. This huge success in the economic growth can be traced back to its well-educated population and vastly industrious workforce.
Japan has an enormous population of approximately 125.7 million making it one of the largest consumer markets in the world, Japan also has rich cultural heritage, technological advancements, and noble commitment to excellence have contributed to its global influence. From innovative industries to traditional art forms, Japan continues to captivate the world with its unique blend of tradition and modernity.
