The 20 richest countries in the world

05.04.2022
Eski Gaste
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The US is the richest economy in the world, followed by China. / The 20 richest countries in the world

At least when it comes to gross domestic product (GDP). On the other hand, if the gross domestic product is divided by the population, the USA only ranks fifth and China lags behind at 59th place among the richest countries in the world. Which countries are ahead in terms of GDP per capita.

The richest country in the world can be chosen based on various criteria. One possibility is to use the overall size of the economy or the country’s gross domestic product (GDP) as a parameter. Although this method is the most important indicator of a country’s economic performance, it says little about the prosperity of the population. GDP per capita, on the other hand, expresses the economic performance of a country in terms of its population.

GDP per inhabitant is decisive for this ranking – the data published by “Statista” is based on the analysis of the International Monetary Fund (IMF). They relate to the year 2020 and were published in October 2021. Which country is the richest country in the world according to this status

The three richest countries in the world

The richest country in the world is Luxembourg, known for its high income level and low unemployment rate, with a gross domestic product of $116,921 per capita. This puts the small European country far ahead, the gap to Switzerland, which comes in second at $87,366.6, is almost $30,000 per capita. Just behind Switzerland, Ireland, which is considered a tax haven, comes in third place with 85,205.5 dollars per inhabitant.

Germany makes it into the top 20

GDP per capita in Germany was $46,216 in 2020. This puts the Federal Republic in 17th place among the wealthiest countries in the world. For comparison: When it comes to GDP, Germany secured the fourth place among the richest countries in the world with around 3.8 million US dollars in 2020.