Categories: General Studies

Richest Country in the World By September 2024, List of Top 10

A country’s wealth is frequently gauged through its Gross Domestic Product (GDP), which quantifies the total value of goods and services generated within its borders. Currently, the United States claims the status of the richest nation in the world, primarily attributable to its leading position in terms of GDP.

Nonetheless, a country’s economic position can undergo significant changes due to various factors, such as modifications in economic policies, shifts in international trade dynamics and geopolitical transformations.

List of Top-10 Richest Countries in the World By September 2024

As of September 2024, Luxembourg, with the GDP per capital of $143,740, stands as the richest country in the world, followed by Macao SAR, and Ireland.

Here is the list of top-10 richest countries in the world as of September 2024:

Top-10 Richest Countries in the World as of September 2024
Rank Country GDP-PPP per capita (in USD)
1. Luxembourg 143,740
2. Macao SAR 134,140
3. Ireland 133,900
4. Singapore 133,740
5. Qatar 112,280
6. United Arab Emirates 96,850
7. Switzerland 91,930
8. San Marino 86,990
9. United States 85,370
10. Norway 82,830

Richest Country in the World – Luxembourg

GDP per capita – $143,740

Luxembourg ranks as the richest country in the world by GDP-PPP per capita, at $143,740. Known for its robust financial sector, political stability, and high standard of living, Luxembourg has a thriving economy fueled by banking, steel, and technology industries.

Second Richest Country of the World – Macao SAR

GDP per capital – $134,140

Macao SAR is the second-richest region globally, with a GDP-PPP per capita of $134,140. Its economy is heavily driven by tourism and the gaming industry, which has made Macao one of the world’s largest gambling hubs, contributing significantly to its wealth.

World’s Third Richest Country – Ireland

GDP per capita – $133,900

Ireland ranks third among the richest countries, with a GDP-PPP per capita of $133,900. Its economy benefits from strong foreign direct investments, particularly in technology, pharmaceuticals, and finance, positioning it as a global business hub with rapid economic growth.

FAQs

Which is the richest country in the World?

Luxembourg ranks as the richest country in the world by GDP-PPP per capita, at $143,740. Known for its robust financial sector, political stability, and high standard of living, Luxembourg has a thriving economy.

Which are the top-5 richest countries in the World?

The top-5 richest countries in the world are: Luxembourg, Macao SAR, Ireland, Singapore, and Qatar.

Akansha Arora

My role as a content writer specializing in current affairs at Adda247 involves meticulously researching and crafting compelling articles aimed at guiding and informing candidates preparing for National and State Level Competitive Government Exams. With a dedication to educational excellence, I strive to keep our candidates abreast of the latest developments and trends in current affairs. By providing insightful and engaging content, I aim to ensure that aspiring candidates are well-prepared and informed for their examinations.

Recent Posts

Top-10 Mushroom Producing Countries in the World

Mushrooms are a popular and nutritious food source globally, cultivated in various countries due to…

11 hours ago

First Female Airline Pilot of India, Know Her Name

Durba Banerjee made history as India's first female pilot of Indian airlines, paving the way…

13 hours ago

First President of Indian National Congress, Know His Name

The Indian National Congress (INC) was formed in 1885 to create a platform for political…

14 hours ago

Rajasthan Approves 33% Quota for Women in Police Force

The Rajasthan State Cabinet, led by Chief Minister Bhajan Lal Sharma, has approved a significant…

15 hours ago

National Memorial for Queen Elizabeth II Announced for St James’s Park

The British government has announced plans to erect a national memorial for Queen Elizabeth II…

15 hours ago

Khel Utsav 2024 Organized by Ministry of Information and Broadcasting

In celebration of the birth anniversary of Hockey Legend Major Dhyan Chand and in alignment…

15 hours ago