Top 17 Richest Countries in the World (Updated 2023)
The richest countries in the world are those that have a high gross domestic product (GDP) per capita. GDP per capita is a measure of the average income of a country’s citizens. The higher the GDP per capita, the richer the country.
Table of the top 17 richest countries in the world
| Rank | Country | GDP per capita (PPP) |
|---|---|---|
| 1 | Luxembourg | $135,700 |
| 2 | Singapore | $127,565 |
| 3 | Ireland | $126,905 |
| 4 | Norway | $114,899 |
| 5 | Qatar | $114,648 |
| 6 | Bermuda | $95,837 |
| 7 | United Arab Emirates | $87,729 |
| 8 | Switzerland | $83,598 |
| 9 | United States | $76,399 |
| 10 | Denmark | $74,005 |
| 11 | Netherlands | $69,577 |
| 12 | Brunei | $69,275 |
| 13 | Iceland | $69,081 |
| 14 | Germany | $63,150 |
| 15 | United Kingdom | $54,603 |
| 16 | China | $10,725 |
| 17 | Greece | $17,892 |
Here are Top 17 richest countries in the world in 2023
1. Luxembourg ($135,700)
A landlocked country in Western Europe, Luxembourg is known for its high standard of living, low crime rate, and political stability. The country’s economy is driven by the financial services sector, the steel industry, and tourism.
2. Singapore ($127,565)
A city-state in Southeast Asia, Singapore is one of the most prosperous countries in the world. The country’s economy is highly diversified, with strengths in the manufacturing, financial services, and tourism sectors.
3. Ireland ($126,905)
A country located in Western Europe, Ireland is known for its beautiful scenery, friendly people, and strong economy. The country’s economy is driven by the technology, pharmaceutical, and financial services sectors.
4. Norway ($114,899)
A Nordic country in Northern Europe, Norway is known for its oil and gas reserves, its stunning natural beauty, and its high standard of living. The country’s economy is driven by the petroleum sector, the fishing industry, and the manufacturing sector.
5. Qatar ($114,648)
A small country in the Middle East, Qatar is known for its oil and gas wealth, its high standard of living, and its ambitious infrastructure projects. The country’s economy is driven by the petroleum sector, the financial services sector, and the construction sector.
6. Bermuda ($95,837)
A British overseas territory located in the North Atlantic Ocean, Bermuda is known for its pink sand beaches, its turquoise waters, and its tax-free status. The country’s economy is driven by the tourism sector, the financial services sector, and the insurance sector.
7. United Arab Emirates ($87,729)
A country located in the Middle East, the United Arab Emirates is known for its oil and gas wealth, its skyscrapers, and its desert landscapes. The country’s economy is driven by the petroleum sector, the tourism sector, and the financial services sector.
8. Switzerland ($83,598)
A landlocked country in Central Europe, Switzerland is known for its neutrality, its banking secrecy, and its high standard of living. The country’s economy is driven by the financial services sector, the manufacturing sector, and the tourism sector.
9. United States ($76,399)
The world’s largest economy, the United States is a highly developed country with a diverse economy. The country’s economy is driven by the technology, healthcare, and financial services sectors.
10. Denmark ($74,005)
A Nordic country in Northern Europe, Denmark is known for its high standard of living, its generous welfare state, and its world-renowned design. The country’s economy is driven by the agriculture sector, the manufacturing sector, and the tourism sector.
11. Netherlands ($69,577)
A country located in Western Europe, the Netherlands is known for its tulips, its windmills, and its tolerant and liberal society. The country’s economy is driven by the agriculture sector, the manufacturing sector, and the services sector.
12. Brunei ($69,275)
A small country located on the island of Borneo in Southeast Asia, Brunei is known for its oil and gas wealth, its beautiful mosques, and its relaxed lifestyle. The country’s economy is driven by the petroleum sector, the tourism sector, and the construction sector.
13. Iceland ($69,081)
A Nordic island country in the North Atlantic Ocean, Iceland is known for its glaciers, volcanoes, and its beautiful scenery. The country’s economy is driven by the tourism sector, the fishing industry, and the aluminum industry.
Iceland has a high standard of living and a relatively low crime rate. The country is also known for its commitment to sustainability and renewable energy.
14. Germany ($63,150)
A country located in Central Europe, Germany is known for its strong economy, its efficient transportation system, and its rich cultural heritage. The country’s economy is driven by the manufacturing sector, the services sector, and the tourism sector.
15. United Kingdom ($54,603)
A country located in Western Europe, the United Kingdom is known for its history, its culture, and its iconic landmarks. The country’s economy is driven by the financial services sector, the manufacturing sector, and the tourism sector.
16. China ($10,725)
The world’s most populous country, China is known for its rapid economic growth, its manufacturing prowess, and its ancient culture. The country’s economy is driven by the manufacturing sector, the services sector, and the agriculture sector.
17. Greece ($17,892)
A country located in Southern Europe, Greece is known for its history, its mythology, and its beautiful beaches. The country’s economy is driven by the tourism sector, the shipping sector, and the agricultural sector.
Over all, These are just a few of the richest countries in the world. Each country has its own unique strengths and challenges, but all of them offer a high standard of living and a variety of opportunities for its citizens.
