Richest Country Reports

Key Statistics Powering Global Wealth

Top 50 Richest Countries by GDP per Capita

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Calculated based on the top 100 wealthiest countries in terms of Gross Domestic Product (GDP) per capita, the average GDP per capita for that cohort of 100 competing economies was US$46,656 per country as of October 2023.

That dollar amount reflects a 43.2 percent increase compared to the average $32,582 in 2012, back when after-effects from the Great Recession were still impacting the global economy.

Sharpening our scope to focus on the top 50 richest showcased in this article, the corresponding average GDP per person for was $62,689 at October 2023. That dollar amount results from a 41.9 percent acceleration compared to $47,344 for 2012.

Moving up the global earnings pyramid ranked by country, the concentration of wealth per capita for the top 10 richest countries is even more intense. The average GDP per capita for the 10 wealthiest economies expanded by 26.2 percent from $83,349 in 2012 spiking to $105,170 during 2022.

GDP per capita equals the economic output including goods and services for a specific country divided by the number of eligible residents. It is a key indicator of a country’s overall economic health. GDP calculations were made on a Purchasing Power Parity (PPP) basis as of October 2023, according to International Monetary Fund’s calculations. PPP adjusts for country-specific prices paid for goods and services.

Top 50 Richest Countries by GDP per Capita

The 50 wealthiest economies highlighted in the table below generated the highest GDP per capita averages on a Purchasing Power Parity basis.

Use the datalist below to search by country name, GDP per capita amount and percentage changes since 2012 when the Great Recession remained a global issue or more recently since 2022.

Amounts are in US dollars.

  1. Luxembourg: $141,333 per capita (up 46.6% from 2012 and up 1.4% from 2022)
  2. Ireland: $132,359 per capita (up 197.7% and up 4%)
  3. Singapore: $127,563 per capita (up 62.2% and up 4.3%)
  4. Qatar: $109,160 per capita (down -32.7% but up 4.6%)
  5. Macao: $55,209 per capita (down -24.4% but up 77.8%)
  6. Switzerland: $86,262 per capita (up 49.9% and up 3.8%)
  7. United Arab Emirates: $84,657 per capita (up 16.9% and up 5.1%)
  8. San Marino: $79,633 per capita (up 53.5% and up 5.7%)
  9. Norway: $78,014 per capita (up 25.5% and up 5.4%)
  10. United States: $76,343 per capita (up 55.4% and up 5.3%)
  11. Denmark: $71,332 per capita (up 67% and up 5.1%)
  12. Netherlands: $70,728 per capita (up 54.9% and up 3.7%)
  13. Hong Kong: $67,880 per capita (up 39.9% and up 7.3%)
  14. Brunei Darussalam: $70,576 per capita (down -17.8% but up 2.9%)
  15. Taiwan: $69,290 per capita (up 73.7% and up 4.6%)
  16. Iceland: $67,176 per capita (up 65.7% and up 4%)
  17. Austria: $66,889 per capita (up 48.6% and up 3.3%)
  18. Saudi Arabia: $66,836 per capita (up 6.3% and up 2.4%)
  19. Andorra: $66,155 per capita (up 33.3% and up 3.1%)
  20. Sweden: $66,091 per capita (up 46.3% and up 0.2%)
  21. Germany: $64,086 per capita (up 52.3% and up 3%)
  22. Belgium: $63,268 per capita (up 55.2% and up 4%)
  23. Australia: $62,026 per capita (up 50.7% and up 4.3%)
  24. Malta: $59,408 per capita (up 108.7% and up 6.9%)
  25. Guyana: $42,699 per capita (up 485% and up 43.1%)
  26. Bahrain: $58,426 per capita (up 11.4% and up 3.9%)
  27. Finland: $58,445 per capita (up 46.1% and up 2.4%)
  28. Canada: $58,316 per capita (up 41.2% and up 2.6%)
  29. France: $56,305 per capita (up 50.5% and up 4.4%)
  30. United Kingdom: $54,824 per capita (up 48.3% and up 3.7%)
  31. South Korea: $53,845 per capita (up 69% and up 5.3%)
  32. Israel: $51,990 per capita (up 70.6% and up 5.3%)
  33. Italy: $51,827 per capita (up 50.1% and up 4.7%)
  34. Cyprus: $51,774 per capita (up 68.6% and up 4.2%)
  35. New Zealand: $51,962 per capita (up 64.4% and up 3.6%)
  36. Japan: $49,090 per capita (up 38.5% and up 6.2%)
  37. Kuwait: $51,238 per capita (down -28.5% but up 1%)
  38. Slovenia: $48,757 per capita (up 76.9% and up 5.4%)
  39. Aruba: $48,341 per capita (up 50.5% and up 6.2%)
  40. Spain: $47,711 per capita (up 59.1% and up 5.8%)
  41. Lithuania: $47,107 per capita (up 99.3% and up 4.5%)
  42. Czech Republic: $47,955 per capita (up 67.5% and up 2.2%)
  43. Poland: $43,624 per capita (up 93.1% and up 4.4%)
  44. Estonia: $44,630 per capita (up 74% and up 1.4%)
  45. Portugal: $42,692 per capita (up 71.1% and up 5.9%)
  46. Bahamas: $42,023 per capita (up 37.6% and up 7%)
  47. Hungary: $42,121 per capita (up 87.6% and up 3.5%)
  48. Croatia: $40,128 per capita (up 99.8% and up 6.8%)
  49. Panama: $39,397 per capita (up 121.7% and up 8.5%)
  50. Slovak Republic: $40,211 per capita (up 56.3% and up 5%)

Nine among the 50 wealthiest countries as measured by GDP per capita experienced increases at a faster pace than the benchmark 6.1 percent advance for the 100 richest countries from 2022 to 2023.

Macao (up 77.8 percent from 2022) and Guyana (up 43.1 percent) were the leading growth economies in terms of GDP per capita.

Other fast-growing richest countries were Panama (up 8.5 percent from 2022 to 2023), Hong Kong (up 7.3 percent), Bahamas (up 7 percent), Malta (up 6.9 percent), Croatia (up 6.8 percent) then Japan (up 6.2 percent).

The most modest increases among the top 50 per-capita economies were Sweden (up 6.1 percent from October 2022) and Kuwait (up 1 percent).

50 Richest Countries per Capita: Population Sizes

The following list reveals the overall population metrics for the 50 richest countries in terms of GDP per capita.

  1. Luxembourg: 645,000 residents
  2. Ireland: 5,165,000
  3. Singapore: 5,637,000
  4. Qatar: 2,831,000
  5. Macao: 697,000
  6. Switzerland: 8,739,000
  7. United Arab Emirates: 9,865,000
  8. San Marino: 34,000
  9. Norway: 5,475,000
  10. United States: 333,530,000
  11. Denmark: 5,873,000
  12. Netherlands: 17,591,000
  13. Hong Kong: 7,473,000
  14. Brunei Darussalam: 441,000
  15. Taiwan: 23,265,000
  16. Iceland: 376,000
  17. Austria: 9,025,000
  18. Saudi Arabia: 32,175,000
  19. Andorra: 82,000
  20. Sweden: 10,522,000
  21. Germany: 83,798,000
  22. Belgium: 11,618,000
  23. Australia: 26,268,000
  24. Malta: 521,000
  25. Guyana: 792,000
  26. Bahrain: 1,542,000
  27. Finland: 5,548,000
  28. Canada: 38,846,000
  29. France: 65,647,000
  30. United Kingdom: 67,791,000
  31. South Korea: 51,635,000
  32. Israel: 9,662,000
  33. Italy: 59,030,000
  34. Cyprus: 905,000
  35. New Zealand: 5,125,000
  36. Japan: 125,171,000
  37. Kuwait: 4,860,000
  38. Slovenia: 2,107,000
  39. Aruba: 107,000
  40. Spain: 47,615,000
  41. Lithuania: 2,817,000
  42. Czech Republic: 10,828,000
  43. Poland: 37,654,000
  44. Estonia: 1,349,000
  45. Portugal: 10,274,000
  46. Bahamas: 399,000
  47. Hungary: 9,689,000
  48. Croatia: 3,854,000
  49. Panama: 4,395,000
  50. Slovak Republic: 5,435,000

For the top 10 wealthiest economies vetted by GDP per person as of October 2023, the average population was 37.3 million residents.

That metric compares to an average 23.97 million people for the top 20 richest countries, and an average 23.5 million average for the top 50 wealthiest economies.

See also Top 100 Richest Countries by GDP, Exchange Rates for Top 25 Richest Countries and Central Bank Interest Rates

Research Reference Materials:
Central Intelligence Agency, The World Factbook Country Comparison: GDP (Purchasing Power Parity). Accessed on November 6, 2023

International Monetary Fund, World Economic Outlook Databases. Accessed on November 6, 2023

Investopedia, What Is Purchasing Power Parity?. Accessed on November 6, 2023

The Economist, Guide to Economic Indicators: Making Sense of Economics (7th Edition). Accessed on November 6, 2023

Trading Economics, Economic Indicators by Category. Accessed on November 6, 2023

World Bank, GDP, PPP (current international $). Accessed on November 6, 2023