The top 5 richest countries in the world based on GDP per capita are:
- Luxembourg – Luxembourg’s economy is characterized by a strong financial sector and a high standard of living. With a population of around 634,000, Luxembourg has a GDP per capita of approximately $146,457, making it one of the wealthiest countries in the world.
- Singapore – Singapore’s wealth is driven by its strong trade and investment opportunities, low tax rates, and strategic location as a major financial hub in Asia. With a population of around 5.7 million, Singapore boasts a GDP per capita of approximately $13138,172.
- Ireland – Ireland’s economy is known for its skilled workforce, strong export-oriented industries, and low corporate tax rates. With a population of around 4.9 million, Ireland has a GDP per capita of approximately $133,823 placing it among the top richest countries in the world.
- Norway; since 1960s, Norway’s economic engine has been fueled by oil. As Western Europe’s top petroleum producer. It has a population of 5.4 million as at January 2024.
It has a GDP of $124,174 - Qatar – Qatar’s wealth is primarily derived from its vast reserves of oil and natural gas. Its small population of around 2.8 million people contributes to a high GDP per capita of approximately $121,124.
