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.
Luxembourg. In terms of purchasing power parity (PPP) Luxembourg scores at the top of the richest countries. Also, it has an average income of $88,190 and is one of the highest-annual income countries.
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.
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 UAE is the third-richest country in the world, below Luxembourg at number two and Qatar at number one, with a GDP per capita of $57,744. The bulk of its money comes from the production of goods and provision of services related to petroleum, petrochemicals, aluminium and cement.
Economy. Russia has a GDP per capita of $26,500 as of 2020, while in United Arab Emirates, the GDP per capita is $67,100 as of 2019.
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.
Dubai prides itself of having more than 52,000 millionaires, 2,430 multi-millionaires and 10 billionaires.
- Dubai currently stands 23rd on the list of globally wealthiest countries. - Dubai has been recorded as the 23rd most popular city in the world for ultra-wealthy residents. The emirate saw an 18% rise in high net worth individuals (HNWI) over the first six months of 2022.
According to the IMF, the wealthiest nation in the world 2022 for GDP per capita was Luxembourg, with a sum of $127,673. For the sake of comparison, while the US has an overall GDP of $26.19 trillion, its GDP per capita is much lower at $75,180 than tax havens like Luxembourg, with a GDP per capita of $127,673.
Israel is the most developed and advanced country in Western Asia, possessing the 17th largest foreign-exchange reserves in the world and the highest average wealth per adult in the Middle East (10th worldwide by financial assets per capita).
The United States remains the most powerful country in the world, followed by China and Russia. However, the balance of power may shift in the coming years as countries like India and Brazil continue to grow economically and assert themselves on the global stage.
Generally, the legal age for drinking alcohol is 18 in Abu Dhabi, but a Ministry of Tourism by-law prevents hotels from serving alcohol to those under the age of 21. In Dubai and all other emirates besides Sharjah, the drinking age is 21. Drinking alcohol in Sharjah is illegal.
Russia has 110 official billionaires in the list, up 22 from last year, according to Forbes' Russian edition, which said their total wealth increased to $505 billion from $353 billion when the 2022 list was announced.
Currently, the richest country in the world in terms of GDP per capita is Luxembourg, with a GDP per capita of $135,700.
For example, countries like Somalia, Eritrea, and the Central African Republic have no billionaires. Furthermore, the concentration of wealth among billionaires also varies greatly between countries.
1. Monaco. Monaco is not only the richest country in Europe but is also the richest country in the world in terms of GDP per capita.