Richest Countries in the World

Updated On November 11, 2023
Richest Countries in the World

The richest countries in the world have thriving economies and infrastructure that make them desirable places to live or visit.

Knowing which countries are the richest can help you determine where you should live, or simply satisfy your curiosity.

CountryGDPGDP Per Capita
United States20893.7554778.4213924539
China14862.5647868.7707468909
Japan5040.10840035.94083602893
Germany3843.33541752.94552887939
United Kingdom2758.8739090.99007412544
India2667.6861581.6874063091693
France2621.96138072.637915582454
Italy1891.05731576.169575110987
Canada1645.42339445.83722602221
South Korea1638.25827252.510081857432
Russia1483.3798626.263189184148
Brazil1448.558298.241306338437
Australia1357.31749338.38754884761
Spain1280.45926036.71517912556
Mexico1087.1178383.556194781344
Indonesia1059.9033359.079492290321
Iran938.0524770.544083385907
Netherlands913.13444114.78892377749
Switzerland751.74376034.60994656045
Turkey719.91910064.66984796192
Saudi Arabia703.36817311.733514268064
Poland596.63311490.310942747692
Sweden541.48748480.18164958331
Belgium521.44540043.612977167824
Thailand500.2935668.789263558941
Austria432.91243621.133607807154
Nigeria429.4231808.046249011504
Ireland425.54960277.42492972522
Israel407.10134633.700700418114
Argentina389.06411925.275217610986
Egypt364.0232396.664006945987
Norway362.19867783.07111260494
Philippines361.4892598.538249784161
United Arab Emirates358.86936644.77827008478
Denmark356.08551920.85442807228
Singapore345.28649369.90089019894
Hong Kong344.87942836.22323308651
Vietnam342.9412076.4551043987417
Malaysia337.288643.084174356081
South Africa335.3444890.217319833593
Bangladesh323.0571276.8500617379784
Pakistan299.2961174.7312093721614
Finland271.61943008.56109025827
Colombia270.4155423.089954648894
Chile252.50112585.373941941732
Romania249.5129384.845978487103
Czech Republic245.33918608.82280288453
Portugal228.35619988.728869721268
New Zealand210.69835867.159877202044
Peru205.2335595.176602643884
Greece188.68418633.173942347737
Kazakhstan171.0826885.690368050445
Iraq169.4883516.592655197633
Hungary155.80812388.113397193587
Ukraine155.32538.33947160829
Algeria147.63487.4242692485805
Qatar144.41156122.96723004899
Morocco114.7242738.0141232393917
Kuwait105.94925601.708632591108
Slovakia105.08815490.166605667899
Puerto Rico103.13832216.06875902137
Kenya101.2791279.9497095366644
Ecuador99.2915387.993668447744
Ethiopia96.611555.7274536529973
Myanmar81.2571203.738130367811
Sri Lanka80.6773714.4210622667038
Dominican Republic78.9236316.4000731670385
Guatemala77.6033800.7308064890026
Luxembourg73.29489545.18937852797
Oman72.05613601.579757832254
Bulgaria69.9957960.809867552709
Ghana68.4981254.1436104904215
Costa Rica62.14411019.494300745582
Ivory Coast61.4371273.430087222562
Belarus61.3124991.253238653317
Uzbekistan59.8931927.511385952611
Angola58.2542914.538955760848
Croatia57.20412780.218866257364
Lithuania56.50215734.912121388254
Panama53.97712351.550003390714
Uruguay53.56115313.486591425102
Slovenia53.54721092.195100192246
Serbia53.3355357.3170210643975
Turkmenistan53.1875552.383437025214
DR Congo48.707394.44929586717393
Venezuela47.25510103.731034683879
Jordan43.7593409.585480158334
Azerbaijan42.6933634.732794655271
Tunisia42.5023347.4727011227847
Cameroon40.8631124.6114533753678
Uganda37.444520.9268551609728
Bolivia36.8972728.8373667148535
Paraguay35.4323959.0478600672386
Bahrain34.72321661.984946573866
Nepal33.982676.9033397213091
Latvia33.61915065.311312192965
Estonia30.62617643.28551178781
Lebanon27.329424.414078069754
Macau25.58664348.711027069556
Cambodia25.1921181.2896667100624
Cyprus24.67215907.967469435887
Papua New Guinea24.6651906.5099012762041
El Salvador24.6394210.166478474355
Senegal24.534822.180178777845
Honduras23.8282031.086051763494
Zimbabwe23.146967.4988263414357
Iceland21.62554006.628970632904
Trinidad and Tobago21.39315691.96427214928
Afghanistan20.136479.0514505566236
Bosnia and Herzegovina19.9515266.493280122037
Libya19.216236.514927149864
Yemen18.84736.5519690738632
Laos18.5242070.495764941584
Zambia18.1111023.9831446070507
Mali17.491601.0937699973615
Burkina Faso17.378502.9836635810573
Georgia15.8463844.3252701914716
Benin15.674648.5633745278509
Gabon15.3395689.640061463551
Guinea15.294597.305937968003
Albania15.1614188.5692122584105
Botswana14.935818.321213059066
Malta14.90520555.628930370945
Haiti14.508652.2389668771983
Mozambique14.029322.44792817752085
Jamaica13.9674974.936180431096
Niger13.758276.7462878420465
Mongolia13.3133237.5539277729445
Madagascar13.056370.05747610643
Armenia12.6413805.76443410116
Nicaragua12.621877.608971929989
North Macedonia12.1385152.174704736443
Brunei12.00325192.623768021145
Malawi11.847254.07323343374378
Moldova11.531971.124553432534
Mauritius10.9219393.079291411295
Chad10.728616.4211425643409
Namibia10.6194203.745853192493
Rwanda10.332601.2043567776586
Republic of the Congo10.3291273.6611646655595
Equatorial Guinea10.0226227.399056728667
Bahamas9.90827293.194998824594
Tajikistan8.134685.3304942858723
Mauritania8.11959.7223682800845
Kyrgyzstan7.792972.6731436405578
Togo7.586491.4249084831682
Somalia6.96572.64675403885649
South Sudan6.71589.2841590737173
Guyana5.4714222.761193314607
Montenegro4.7776981.744740895632
Barbados4.67716144.943307505453
Fiji4.5744988.51246989721
Sierra Leone4.059418.00913754514227
Eswatini3.9743309.323788302492
Maldives3.7368107.557061999421
Djibouti3.411664.4041066298269
Burundi3.086217.0704232990917
Liberia3.037508.7903305731587
Andorra2.88535690.82291978823
Suriname2.8845260.358889730375
Aruba2.49725095.167402166036
Bhutan2.4162809.976057371886
Central African Republic2.388315.27158297655217
Eritrea2.0831444.1043663196228
Lesotho2.061961.6786532996784
Timor-Leste1.9021986.8394086121082
Gambia1.828355.4892945540984
Cape Verde1.7072737.560339211802
Saint Lucia1.6177750.674925520524
Belize1.5864238.05756709061
Solomon Islands1.5461531.510614188627
San Marino1.54347284.97904405208
Guinea-Bissau1.475521.9552324159562
Antigua and Barbuda1.3715484.505599270398
Comoros1.2181349.4147498753043
Seychelles1.20213318.096944083225
Grenada1.0438053.447358201976
Vanuatu0.9942503.751173372077
Saint Kitts and Nevis0.98119052.551984085436
Saint Vincent and the Grenadines0.8727380.26524137399
Samoa0.8073643.3429531063757
Dominica0.5447961.172398685651
Tonga0.4943725.054633349726
Sao Tome and Principe0.4771478.424949106342
Micronesia0.4122863.0809813927654
Palau0.25817180.6401594861
Marshall Islands0.2444357.557862653586
Kiribati0.1821300.6414709957683
Nauru0.1148096.230359937402
Tuvalu0.0553220.181203931204
Cuba08011.8905361041
Sudan01722.908095315875
Syria0954.1939020228773
North Korea0641.7459846156969
Palestine02494.233164470708
New Caledonia032238.92491919547
Monaco0178196.5693307987
Liechtenstein0156469.2184468472
Bermuda095636.5949211007
French Polynesia017541.03367090575
Cayman Islands055462.13570913288
Curacao016251.034564263291
Greenland040303.79538513144
Sint Maarten024242.84381077292
British Virgin Islands030795.773669858583
Turks and Caicos Islands019919.901263514395
Anguilla021229.037675325493
Cook Islands017026.17900727529
Montserrat014147.600319197447

GDP vs. GDP Per Capita

Before we take a look at the richest countries in the world, you should know how it’s determined.

There are two main measures of wealth.

These are Gross Domestic Product, or GDP, and GDP per Capita.

What is GDP?

Gross Domestic Product, or GDP, calculates the value of all products and services within a country.

Essentially, the monetary value of all the products produced within the country and services offered are added together.

This is GDP.

It’s important to note that services and goods only count towards GDP when they have a monetary value.

For example, if someone is paid for housekeeping, this contributes to GDP.

However, household chores they do at home do not.

What is GDP per Capita?

GDP per Capita is essentially GDP broken down into a percentage for each individual person.

This shows how productive an economy is.

It’s determined by dividing the GDP by the population.

Of course, GDP per capita is impacted by the population, as well as the GDP.

If the population increases drastically but the GDP remains the same, the GDP per capita will fall.

On the other hand, if the population stays the same and the GDP goes up, the GDP per capita will increase significantly.

GDP per capita can also give you a general idea of how much someone earns in the country.

Of course, wages will vary.

Every country has very rich and very poor residents which affects the GDP per capita as well.

However, if GDP per capita is rising, you can expect wages to rise as well.

Richest Countries in the World

Which country is the richest in the world depends on which measurement you choose to use.

Let’s take a closer look at a few of the richest countries by different measures.

By GDP

The richest country by GDP is the United States.

America has a GDP of 20,893.75.

China is next, with a GDP of 14,862.564.

Japan is the last in the top 3, with a GDP of 5,040.108.

By GDP per Capita

The richest countries change drastically when you look at the GDP per capita, rather than the GDP.

The U.S., which has the highest GDP, ranks 11th in GDP per capita, at 54778.42.

The countries with the highest GDP per capita are Luxembourg, Ireland, and Norway.

The countries with the highest GDP per capita typically have smaller populations.

Because the small population means that the wealth in the country is more concentrated, which raises the per capita GDP.

Advantages and Disadvantages of Living in a Rich Country

When you live in a rich country, it’s easy to overlook the advantages and benefits.

Rich countries have a strong infrastructure, which includes transportation, education, and healthcare.

They typically have higher wages, which also results in a higher standard of living for residents.

Benefits also include a longer life expectancy, lower birth rates, and a better quality of life.

However, there are disadvantages to living in a rich country.

Opportunities can sometimes be harder to find.

If you aren’t wealthy, you may find it difficult to climb the ladder and move up to a different financial class.

Frequently Asked Questions

Is GDP or GDP per capita more important?

Both GDP and GDP per capita are considered important.

GDP is the main measure, but GDP per capita is often considered along with GDP. GDP per capita can give an indication of the average income in a country.

What is real GDP?

Real GDP is the GDP after inflation is considered.

For example, if GDP grew by 2%, but inflation grew by 1%, this means the real GDP would be 1%.

The other 1% increase would not be attributed to an actual increase in production, but to inflation.

What makes a country rich?

There are a few factors that contribute to a country’s economic success.

Developed nations have the infrastructure and resources to bring in money through producing goods and services, while poor or undeveloped countries do not.

Lots of natural resources or technical knowledge also boost a country’s GDP.

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