Richest Country in the World by GDP Per Capital 2024, List of Top-10 Richest Countries

GDP per capital measures the average income of people in a country. It is calculated by dividing the country’s total economic output by its population. Countries with high GDP per capita often enjoy better living standards, healthcare and education. Let’s explore the top 10 richest countries in the world by GDP per capita as of 2024.

World’s Richest Country 2024

Luxembourg, with a GDP of $91.21 billion and a population of 675,000, leads as the richest country in the world as of 2024. Known for its strong financial sector and high GDP per capita, it ensures excellent living standards, healthcare, and education. Famous for its castles and greenery, it offers free public transport and has the world’s highest minimum wage, making it truly exceptional.

Top-10 Richest Countries in the World by GDP Per Capita By December 2024

As of December 2024, Luxembourg, with the GDP per capital of $151,150, 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 December 2024:

Richest Country in the World – Luxembourg

GDP per capita – $151,150

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.

World’s Second Wealthiest Country – Singapore

GDP per capita: $148,190

Singapore, with a GDP of $530.71 billion and a population of 5.8 million, is a global hub for business and trade. Despite challenges like the pandemic and a slowing Chinese economy, it remains home to many high-net-worth individuals, showcasing its resilience and strong economic foundation.

Third Richest Country of the World – Macao SAR

GDP per capita – $130,420

Macao SAR is the third-richest region globally, with a GDP-PPP per capita of $130,420. 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.