Top Richest Country in the World 2023

Which countries are the top 10 richest countries in the world 2023. Check out the full list.

We all heard this old saying that money can’t buy happiness. But, the fact is having possession of a good amount of money can indeed give you a sense of happiness. The reason behind this fact is that having less money can result in numerous negative feelings. Everything in the world costs money that’s why a lot of us want to live in a country that is rich and gives more earning opportunities.

If we talk about rich countries we have to take several parameters into consideration. You should note that just having a big economy doesn’t make a country rich. For example, India has an economy with a GDP of 3 trillion. However, the country is still full of poor people. The reason for this is its mammoth population.

The best and the most recognized method to measure a country’s richness is looking at its GDP Per Capita, or Gross Domestic Product per capita. This figure gives us an idea about how much money a country’s government has to spend on a single citizen. In this post, we will discuss the top richest country in the world 2023 based on GDP Per Capita

Top 10 Richest Country in the world 2023

Let’s take a look at the world richest country 2023 by their GDP per capita. In this list, you will find many small countries. This is so because tiny countries have small populations. So, each person gets a fair share of the countries GDP. So, the standard of living is always high in these countries.

Check here world richest country 2023:

Luxembourg – US $ 131,782 GDP per capita

Luxembourg is a tiny country located at the heart of Europe. The country is famous for its castles and beautiful landscape. The population of Luxembourg is around 625,000. It is one most attractive destinations for investment. Recently, companies like Skype, and Amazon shifted their regional headquarters to Luxembourg. Apart from this, the country of Luxembourg has a pretty established steel production industry. Luxembourg is one of those countries that handled the Covid-19 pandemic very effectively. The economy of the country is still flourishing even after the pandemic.

Switzerland – US $ 94,696 GDP per capita

Switzerland is another European country that is amazingly rich. It is one of those countries that are known for its inventions. The list of Swizz inventions is very long it includes white chocolate, the bobsleigh, the swiss army knife. Switzerland has a small population and well-established industries. It exports goods like pharmaceuticals, gems, and precious metals, precision instruments, computers, watches, medical apparatuses, etc. Switzerland is a land of riches as it has the highest density of millionaires in the world.

Ireland – US $ 94,556 GDP per capita

The island nation of Ireland is in the 3^rd position of our list of top richest countries in the world in 2023. The economy of Ireland is one of the fastest-growing economies in Europe. We all should appreciate the fact that Ireland has nearly doubled its GDP per capita in the last decade. You will be surprised to know that Ireland was one of the worst-hit economies during the 2008 financial crisis. But, we proper management and revolutionary reforms the country bounce-backed amazingly.

Norway – US $ 81,995 GDP per capita

Norway is also one of the richest countries in Europe. Its economy is fueled by oil. It is the largest oil-producing nation in western Europe. In the last few years, the Norwegian economy is contracted a bit. Still, it is on the list of the richest countries in the world in 2023.

United States – US $ 68,309 GDP per capita

It is not necessary that only small countries are the richest in the world. The United States of America (USA) is also amongst the super-rich countries around the world. The USA is home to many of the tech giants around the world including Apple, and Microsoft. It attracts huge investments for billionaires all over the world. Apart from this, the USA also has plenty of natural resources.

Denmark – US $ 67,218 GDP per capita

Denmark enjoys a modern and internationally competitive service-based economy. The GDP per capita of Denmark is around US $ 67, 218. It is one of the rare economies that is least effected by the Covid – 19 pandemic. The population of this nation is around 6 million. The main sources of income of the people of Denmark are manufacturing activities, tourism, and petroleum products exports. The employment rate is very high in Denmark that’s why we see this country topping the world’s happiest countries ranking constantly.

Check- 10 highest currencies in the world

Iceland – US $ 65,273 GDP per capita

Iceland is a Nordic island nation utterly famous for its dramatic landscape with volcanoes, geysers, hot springs, and lava fields. It is a mixed economy with a high level of free trade and government intervention. According to IMF, Iceland’s economy has flourished due to its tourism industry, exports, and investment. There are predictions that the economy of Iceland will continue to grow on the basis of its aluminium smelting, fishing, and tourism industry.

Singapore – US $ 64,103 GDP per capita

When Singapore got its independence in 1965 it was nowhere near the prosperity it has today. Half its population was illiterate with no natural resources. But, with sheer hard work and smart policy, the country has come a long way. Now, it is a thriving economy. Singapore is often called the manufacturing and financial hub of Southeast Asia. Even though the economy of Singapore is affected by the Covid-19 out break, it is still one of the top richest countries in Asia and the world.

Australia – US $ 62,723 GDP per capita

Australia is a service-based economy that is growing quite smoothly over the past few years. Due to its relatively smaller population and abundant natural resources, Australia enjoys a great standard of living. The recent reforms taken by the government are expected to take the country even further on the path of development.

Qatar – US $ 59,143 GDP per capita

The oil, gas, and petrochemical reserves of Qatar are huge. At the same time, their population is very small. This results in great GDP per capita data of the country. Qatar is amongst the world’s richest nations for the last 20 years. You will find marvelous infrastructure, ultramodern architecture, luxury shopping malls, and fine beaches in Qatar.

List of Top 100 Richest Countries in the world 2023

Go through the following list of top 100 richest countries in the world 2023 based on GDP per capita data and see what position your country ranks upon.