RANKED: The 29 richest countries in the world

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


28. United Kingdom — $US45,565


27. Oman — $US45,723


26. Finland — $US46,342

Unsplash/Niilo IsotaloThe Northern Lights over Kuopio, Finland.

25. Belgium — $US48,258


24. Canada — $US49,775

Jeff Vinnick/Getty Image

23. Bahrain — $US50,102

trabantos/Shutterstock

22. Denmark — $US51,643

Kristoffer Trolle/FlickrPeople biking along the lakes in Copenhagen, Denmark

21. Austria — $US51,936

minnystock/Dreamstime.com

20. Australia — $US52,190

kitsada wetchasart/Shutterstock

19. Taiwan — $US52,304


18. Germany — $US52,801

Getty Images

17. Sweden — $US53,077

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

16. Iceland — $US54,121

Wow Air

15. Saudi Arabia — $US55,859

Shutterstock.com

14. Netherlands — $US56,435


13. San Marino — $US61,169

Shutterstock / Leonid AndronovGuaita, the First Tower of San Marino

12. United States of America — $US62,152


11. Switzerland — $US63,379

Getty Images

10. Hong Kong — $US64,533

ANTHONY WALLACE/AFP/Getty Images

9. Kuwait — $US66,673


8. United Arab Emirates — $US68,662

Lara SukhtianAn 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

7. Norway — $US74,065

iStock

6. Brunei — $US79,726

Flickr/bvi4092Sultan Omar Ali Saifuddien Mosque, Brunei.

5. Ireland — $US79,924


4. Singapore — $US98,014

Wikimedia CommonsSingapore’s port.

3. Luxembourg — $US110,870

Will Martin/Business Insider

2. Macau — $US122,489


1. Qatar — $US128,702

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