Currently, the richest country in the world in terms of GDP per capita is Luxembourg, with a GDP per capita of $135,700. Other wealthy countries include Bermuda, Ireland, and Switzerland, all with GDP per capita above $80,000.
Here is the full ranking of the richest countries in 2023, according to their per capita GDP. Luxembourg, one of the smallest countries in the EU has a population of 634,000 and is the richest country in this ranking with a per capita GDP of nearly $130,000.
Australians are the richest people in the world, with a median wealth three times that of the average American, a new report has shown.
Australia is a highly developed country with a mixed economy. As of 2023, Australia was the 13th-largest national economy by nominal GDP (gross domestic product), the 19th-largest by PPP-adjusted GDP, and was the 20th-largest goods exporter and 24th-largest goods importer.
Australia has plentiful supplies of natural resources, including the second largest accessible reserves of iron ore in the world, the fifth largest reserves of coal and significant gas resources. For a long time, commodities have made up a sizeable share of our exports.
United States. The United States of America is a North American nation that is the world's most dominant economic and military power.
The United States of America is home to 735 billionaires
The Forbes 2023 rich list reveals that 2,640 billionaires of the world hail from 77 countries or territories. The country with the highest number of billionaires is, unsurprisingly, the US.
12 Safest Countries in The World: 2023 Edition
Iceland takes the GPI crown for the safest country in the world, followed by New Zealand, Ireland, Denmark, and Austria in the top five.
With a GDP of 23.32 trillion dollars, the USA is by far the world's largest economy in this ranking for 2021. It is followed by China in second place with a GDP of 17.73 trillion dollars.
Monaco has the highest life expectancy in the world in 2023, according to World Population Review, where locals live to an average age of 87. Asian countries in the top 10 include Hong Kong, Japan, and South Korea, while European countries that made the list include Switzerland and Italy.
Economy. China has a GDP per capita of $16,400 as of 2020, while in United Arab Emirates, the GDP per capita is $67,100 as of 2019. In China, 3.6% of adults are unemployed as of 2019.
The valuations of Gina Rinehart ($37.41 billion) and Andrew Forrest ($33.29 billion), the richest and second-richest Australians for the fourth year in a row, surged 10 per cent and 8 per cent respectively as listed-market analysts re-rated their outlook for red Pilbara dirt.
Forbes' real-time data shows that as of May 2023, there are 40 Australian billionaires on the list of the world's richest people.
The world's 12th largest economy
Strong growth in 2021 solidified Australia's position as the world's 12th largest economy in 2021. Nominal GDP was around A$2.2 trillion (US$1.6 trillion) in 2021. Australia is home to just 0.3% of the world's population, but accounts for 1.7% of the global economy.
2022 rankings
In the 2022 index, New Zealand is ranked most free overall, while North Korea is last. Hong Kong was ranked most free in economic liberty, while Norway was ranked most free in the social liberty category.
1. Iran. Iran is the oldest country in the world founded in 3200 B.C. and has a topography characterized by numerous mountains and mountain ranges. Iran was established as a country in 3200 B.C.
The average Australian now has a net worth of more than US$550,000. Collectively, Australian households have a staggering $14 trillion in wealth and the number is steadily growing. This ranks us at number four globally in terms of wealth per capita, behind Switzerland, the US and Hong Kong.
Absolutely. Australia is a fantastic place to live, even for foreigners. There aren't only advantages to living in Australia, but they outweigh the disadvantages. I love the climate, work-life balance, safety and the wide range of outdoor activities that I can enjoy every weekend.
Unsurprisingly, incomes have increased steadily over the past few decades alongside ongoing growth in the Australian economy. In 1975, the median employee earned $6448 per year. In the 47 years since then, wages have grown by about 5 per cent annually, taking median employee income to where it is today.