World Population

Richest Countries in the World 2024

Richest Countries
Countries wealth is the key topic of interest for economists and expats in 2024. Money is the key thing to survive in this century, There are many countries whose people do not get two time of staple food a day. The global poverty rate has decline from 37.8 percent in 1990 to 11.2 percent in 2014. From the last seventy-five years, Global wealth has expanded exponentially, pulling millions out of extreme poverty. Below is the list of the Richest Countries in the World by Per Capita in 2024 measured in dollars. The top ten countries are Luxembourg, Ireland, Switzerland, Qatar, Norway, Singapore, United States, Iceland, Australia and Denmark. The per capita income of Luxembourg is $128,819, which is highest in the world, followed by $106,997 of Ireland, and $94,835 of Switzerland.

RankCountryPer Capita 2020Per Capita 2021Per Capita 2022Per Capita 2023 ($)
1Luxembourg117,064136,701127,673128,819
2Ireland85,225100,129102,217106,997
3Switzerland85,87092,24992,43494,835
4Qatar53,79868,62282,88789,416
5Norway67,26689,04292,64688,749
6Singapore60,72872,79579,42684,500
7United States63,07869,22775,18078,422
8Iceland59,57969,42273,98177,961
9Australia52,95363,46466,40868,023
10Denmark61,00668,20265,71366,394
11Sweden52,70660,81656,36160,473
12Canada43,30752,01556,79459,179
13Israel44,85052,15255,35958,273
14Netherlands52,22257,99756,29857,629
15Macao SAR37,45643,77233,60855,644
16Austria48,63653,33252,06252,316
17Hong Kong SAR46,44449,86549,70052,132
18United Kingdom41,12747,32947,31851,286
19Finland49,15853,77450,81851,177
20Belgium45,23951,84950,59850,906
21Germany46,73551,23848,39849,430
22New Zealand41,39148,31747,27849,008
23United Arab Emirates36,28541,20547,79348,263
24San Marino45,64150,19647,70047,484
25France40,37845,18842,33042,646
26Brunei Darussalam26,46832,57342,93941,713
27Andorra36,97441,87340,72340,643
28Puerto Rico32,64534,75238,44340,360
29Taiwan Province of China28,40533,14335,51336,834
30Kuwait22,68428,66538,12335,255
31Japan39,98139,30134,35835,034
32South Korea31,72835,00433,59234,767
33The Bahamas25,19428,79232,24634,549
34Malta28,99733,66732,91233,793
35Italy31,70735,47333,74033,662
36Aruba24,03728,68331,99033,482
37Estonia23,57627,96229,34431,216
38Slovenia25,60529,29829,46930,840
39Cyprus27,78430,95729,53530,240
40Czech Republic23,00126,84928,09529,856
41Spain27,03930,09029,19829,729
42Bahrain23,58626,13628,69229,076
43Saudi Arabia20,08923,50727,94127,009
44Lithuania20,21623,38624,03225,656
45Portugal22,17724,29624,91025,486
46Islamic Republic of Iran11,55718,73923,03423,619
47Oman16,64018,96623,54223,193
48Latvia17,62320,54621,48222,764
49Slovak Republic19,25421,05320,56522,295
50Barbados16,24516,81720,00421,636
51Greece17,60320,26320,87621,372
52Seychelles12,98214,86120,26621,320
53Guyana6,9539,77818,74521,162
54Trinidad and Tobago15,28617,05620,74620,642
55Uruguay15,20816,73520,01820,464
56St. Kitts and Nevis17,17916,46719,12920,392
57Hungary16,04418,73218,98320,119
58Poland15,80217,94619,02320,045
Source : International Monetary Fund, World Economic Data in October 2022

Luxembourg

Luxembourg ranks at number one position and is the wealthiest country in the world. Luxembourg's main economy sectors are Banking, manufacturing and industrial sectors account for a major chunk with the total gdp of 84 billion. Luxembourg is a small landlocked country in Western Europe, with a population of 645 thousand in 2023, and area of 2,586 square kilometers, Nationality wise population are, 50.9% are Luxembourgers, 18.2% are Portuguese, 13.5% are French and 10.3% are Germans.

Ireland

The economy of the Ireland is a highly developed economy, focused on high-tech services, life sciences, financial business and agribusiness. GDP of Ireland is 549 billions, population in 2023 is estimated to be 7 million, and 97% are whites.

Switzerland

The Swiss population of approximately 8.9 million by 2023. It is the world's wealthiest country per capita in multiple rankings. Switzerland has a prosperous and high-tech economy, which ranks third richest country in the world, mainly economy depends on Banking, Manufacturing of electronics and watches.

Qatar

Qatar has a good oil reserves and exports to many countries in the world, ranks fourth richest nation in the world by per capita. Qatar is the middle-east country, The latest energy crisis caused by the Russian invasion of Ukraine has highlighted the Qatar's importance as major gas supplier, European countries are lining up to request gas deals from Qatar.

Norway

Norway is a Nordic country in Northern Europe, ranks as the fifth wealthiest country in the world. Norway has approximately 5.45 million as on 2023, economy mainly depends on the key industrial sectors, such as petroleum sector, hydroelectric, aluminium production, Banking and Telecom sector.

Singapore

Singapore is a sovereign island country in Southeast Asia. Its sixth wealthiest country in the world by rank. Singapore attracts a large amount of foreign investment as a result of its location, has a highly developed market economy and skilled people, roughly 45 percent of workforce are foreigners. The economy depends on exports that include electronics, chemicals and services, besides banking and tourism.

United States

United States ranks seventh richest country in the world, Its gross domestic product is larger in the world, of $22.7 trillion constitutes 24% of the gross world product. It is largest economy from 1900, and is the most innovative nation. United States is technologically powerful in computers and artificial intelligence, Other major industries are pharmaceuticals, automotive, medical, aerospace, gaming and military equipment.

Canada

Canada has a highly developed economy structures with the world's eighth-largest economy as of 2023. Canada is the twelfth wealthiest country, second largest country by area, with a smaller population of around 39.4 million. Canada's population density at 4.2 inhabitants per square kilometre, and its economy depends mainly on large oil and gas resources, and many metals.

Japan

Japan is the asian country with second highest GDP. Japan ranks thirty-first richest country in the world. The Japanese economy is largely built on the electronics sector, also exports world class cars.

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