Which Are the World’s Richest Countries?

Measuring GDP per capita is a common measure of the economic wealth on a per person basis. This article sorts countries according to the latest International Monetary Fund (IMF) projections on GDP per capita for 2023.

Currently this metric is at $13,920 globally in 2023, up from $13,400 in 2022 and $11,160 in 2020, all nominal figures, not accounting for inflation.

GDP per capita is a measure of the total economic output of a country (GDP) divided by the total population of the country.

Here is the full ranking of the richest countries in 2023, according to their per capita GDP.

Country GDP per capita, USD
Luxembourg $128,820
Ireland $106,998
Switzerland $94,835
Qatar $89,417
Norway $88,749
Singapore $84,501
United States $78,422
Iceland $77,961
Australia $68,024
Denmark $66,394

Luxembourg, one of the smallest countries in the EU has a population of 634,000 and is the richest country in this ranking with a per capita GDP of nearly $130,000. Formerly known for its steel manufacturing, the country now boasts a large financial services sector, which accounts for the majority of its economic output.

Luxembourg’s per capita GDP is nearly 415 times the per capita GDP of the world’s poorest country, Burundi, at $303.

Ireland is the second-richest country in the world on a GDP per capita basis with $107,000, followed by Switzerland at nearly $94,000. Ireland’s GDP per capita, in particular, has seen a significant increase in recent years due to its pro-business environment, low corporate tax rates, and a highly educated workforce that attracts foreign direct investment.

Both metrics show a continuation of historical trends of regional wealth in the world.

» See a ranking of the poorest countries in the world

Source: International Monetary Fund.

GDP per capita

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