RANKED: The 29 richest countries in the world

Image

Size doesn’t always mean wealth when it comes to the world’s richest countries, according to data published in April by the International Monetary Fund.

Twice a year the IMF releases a huge dump of data about the economic power of the world’s nations, with gross domestic product (GDP) per capita a key statistic. The IMF ranks the world’s countries according to their GDP based on purchasing power parity (PPP) per capita.

The PPP takes into account the relative cost of living and the inflation rates of the countries to compare living standards among the different nations.

The small countries that dominate the top ten all have small populations compared to countries that lead the world purely in terms of GDP – such as the United States, China, or Germany.

Most of these small nations heavily depend on immigrant workers who often do not reside in the country they are working in or are not granted resident status, and are therefore not counted in the GDP per capita calculations.

We’ve included all the countries with a GDP per capita higher than $US45,000 per year. Check them out below.


29. France — $US45,473

Image

28. United Kingdom — $US45,565

Image

27. Oman — $US45,723

Image

26. Finland — $US46,342

Image
The Northern Lights over Kuopio, Finland. Unsplash/Niilo Isotalo

25. Belgium — $US48,258

Image

24. Canada — $US49,775

Image

23. Bahrain — $US50,102

Image

22. Denmark — $US51,643

Image
People biking along the lakes in Copenhagen, Denmark Kristoffer Trolle/Flickr

21. Austria — $US51,936

Image

20. Australia — $US52,190

Image

19. Taiwan — $US52,304

Image

18. Germany — $US52,801

Image

17. Sweden — $US53,077

Image
Fans of Sweden ahead of the FIFA 2018 World Cup Qualifier between Sweden and France at Friends Arena on June 9, 2017 in Solna, Sweden. Nils Petter Nilsson/Ombrello/Getty Images

16. Iceland — $US54,121

Image

15. Saudi Arabia — $US55,859

Image

14. Netherlands — $US56,435

Image

13. San Marino — $US61,169

Image
Guaita, the First Tower of San Marino Shutterstock / Leonid Andronov

12. United States of America — $US62,152

Image

11. Switzerland — $US63,379

Image

10. Hong Kong — $US64,533

Image
ANTHONY WALLACE/AFP/Getty Images

9. Kuwait — $US66,673

Image

8. United Arab Emirates — $US68,662

Image
An aerial view taken from a sea plane shows Swiss pilot and original Jetman Yves Rossy and Vince Reffett flying over Dubai’s Palm Island, Dubai, United Arab Emirates Lara Sukhtian

7. Norway — $US74,065

Image

6. Brunei — $US79,726

Image
Sultan Omar Ali Saifuddien Mosque, Brunei. Flickr/bvi4092

5. Ireland — $US79,924

Image

4. Singapore — $US98,014

Image
Singapore’s port. Wikimedia Commons

3. Luxembourg — $US110,870

Image

2. Macau — $US122,489

Image

1. Qatar — $US128,702