Revealed: These Are Richest Countries In The World, 2024

Despina WilsonSpecial ReportsFebruary 8, 2024

How can we measure the economic success of a country? A classic measure is GDP per capita, which shows individual economic prosperity. However, comparing countries solely based on this metric doesn’t give us the whole picture. This is because the cost of living and inflation rates can vary significantly between countries.

A better way to compare living standards across countries is by using Purchasing Power Parity (PPP) as it considers local costs and inflation rates. Some countries may have a higher GDP per capita due to being tax havens, which can be misleading. Hence, using GDP per capita PPP in the 2023 ranking can help us identify the poorest countries in the world more accurately. Therefore, these are the poorest countries in the world ranked by GDP per capita PPP. If you want to learn about the poorest countries in the world, you can refer to this report, which lists the countries with the lowest GDP per capita in 2024.

This method of measuring a country’s economic output, known as GDP per capita adjusted by purchasing power parity (PPP), allows for a more accurate comparison of living standards across different countries. By taking into account the fact that the value of a dollar can vary significantly between countries, we can see how countries perform differently based on this measure. Below, we provide an analysis of how different countries fare according to this metric.

Luxembourg has a thriving financial sector that contributes to 25% of its GDP. It is also considered the world’s richest country in terms of GDP per capita adjusted by purchasing power parity (PPP). With a population of only 660,000 people, the nation is known for its favorable tax policies that attract foreign investment, making it a tax haven. Meanwhile, Singapore takes the title of the richest country in Asia, with a GDP per capita of $133,108. This is due to its global role in finance, trade, and tourism.

Richest Countries In The World, 2024

Rank	Country	Region	GDP (PPP) per capita	GDP (PPP)	GDP (nominal) per capita	GDP (nominal)
1	Luxembourg	Europe	143,304	94,152	135,605	89,095
2	Liechtenstein	Europe	139,100	4,978	184,083	6608
3	Ireland	Europe	137,638	722,929	112,248	589,569
4	Singapore	Asia	133,108	786,870	87,884	497,347
5	Monaco	Europe	115,700	7,672	234,317	8596
6	Qatar	Asia	114,210	328,134	81,968	235,500
7	Macau (China)	Asia	98,157	69,565	54,296	38,480
8	Bermuda	Americas	95,837	5,441	118,846	7551
9	Switzerland	Europe	89,537	788,335	102,865	905,684
10	United Arab Emirates	Asia	88,962	895,166	50,602	509,179
11	San Marino	Europe	84,135	2,872	58,541	1,998
12	Norway	Europe	82,236	452,964	99,266	546,768
13	United States	Americas	80,412	27,970,000	80,412	26,949,643
14	Denmark	Europe	74,958	441,754	71,402	420,800
15	Cayman Islands	Americas	74,155	4,763	88,476	5809
16	Netherlands	Europe	73,317	1,297,024	61,770	1,092,748
17	Hong Kong (China)	Asia	72,861	548,999	51,168	385,546
18	Brunei	Asia	72,610	32,000	34,384	15,153
19	Taiwan	Asia	72,485	1,685,358	32,339	751,930
20	Iceland	Europe	69,833	27,078	78,837	30,570
21	Austria	Europe	69,069	626,458	58,013	526,182
22	Saudi Arabia	Asia	68,453	2,390,000	32,586	1,069,437
23	Andorra	Europe	68,232	5,711	44,107	3,692
24	Sweden	Europe	66,209	715,995	55,216	597,110
25	Germany	Europe	66,038	5,720,000	52,824	4,429,838
26	Belgium	Europe	65,813	769,682	53,657	627,511
27	Australia	Oceania	64,675	1,780,000	63,487	1,687,713
28	Malta	Europe	63,481	33,303	38,715	20,311
29	Guyana	Americas	61,099	48,514	20,565	16,329
30	Bahrain	Asia	60,715	95,973	28,464	44,994
31	Finland	Europe	59,869	335,760	54,507	305,689
32	Canada	Americas	59,813	2,470,000	53,247	2,117,805
33	France	Europe	58,765	4,010,000	46,315	3,049,016
34	United Kingdom	Europe	56,836	3,980,000	48,912	3,332,059
35	South Korea	Asia	56,709	3,006,000	33,147	1,709,232
36	Israel	Asia	54,771	537,140	53,196	521,688
37	Italy	Europe	54,259	3,290,000	37,146	2,186,082
38	Cyprus	Asia	53,931	49,655	34,791	32,032
39	New Zealand	Oceania	53,809	279,183	48,072	249,415
40	Japan	Asia	52,120	6,710,000	33,950	4,230,862
41	Kuwait	Asia	51,765	256,593	32,215	159,687
42	Slovenia	Europe	51,407	108,683	32,350	68,394
43	Aruba	Americas	51,352	5,502	35,718	3,827
44	Spain	Europe	50,472	2,510,000	33,090	1,582,054
45	Lithuania	Europe	49,245	137,328	28,482	79,427
46	Czech Republic	Europe	49,025	539,318	30,475	335,243
47	Poland	Europe	45,538	1,712,629	22,393	842,172
48	Estonia	Europe	45,236	60,997	30,998	41,799
49	Portugal	Europe	45,227	465,131	26,879	276,432
50	Bahamas	Americas	44,950	18,146	34,371	13,876
51	Hungary	Europe	43,601	421,683	21,075	203,829
52	Croatia	Europe	42,873	164,672	20,877	80,185
53	Panama	Americas	42,738	190,306	18,493	82,348
54	Slovakia	Europe	42,228	229,584	24,471	133,044
55	Turkey	Asia	41,888	3,810,000	13,384	1,154,600
56	Seychelles	Africa	41,829	4,175	20,890	2,085
57	Sint Maarten (Dutch part)	Americas	41,812	1,471	36,220	1572
58	Greenland	Americas	41,800	2,413	57,116	3273
59	Puerto Rico	Americas	41,682	132,052	37,093	117,515
60	Romania	Europe	41,029	780,797	18,413	350,414
61	Latvia	Europe	40,892	76,550	24,929	46,668
62	Greece	Europe	39,864	416,969	23,173	242,385
63	Oman	Asia	39,336	200,295	21,266	108,282
64	Maldives	Asia	37,094	14,740	17,559	6,977
65	Malaysia	Asia	37,083	1,225,927	13,034	430,895
66	Russia	Europe	35,310	5,230,000	13,006	1,862,470
67	British Virgin Islands	Americas	34,200	500	49,444	1539
68	Montserrat	Americas	34,000	167	16,199	72
69	Bulgaria	Europe	33,780	216,499	16,087	103,099
70	Kazakhstan	Asia	32,712	654,050	12,968	259,292
71	New Caledonia (France)	Oceania	31,100	11,110	36,668	10071
72	Trinidad and Tobago	Americas	30,719	43,658	19,622	27,887
73	Chile	Americas	29,935	597,520	17,254	344,400
74	Saint Kitts and Nevis	Americas	29,893	1,760	18,158	1,069
75	Mauritius	Africa	29,349	37,012	11,752	14,819
76	Uruguay	Americas	28,984	103,372	21,378	76,244
77	Montenegro	Europe	28,002	17,431	11,338	7,058
78	Costa Rica	Americas	26,809	141,527	16,213	85,590
79	Argentina	Americas	26,506	1,239,515	13,297	621,833
80	Serbia	Europe	26,074	173,075	11,301	75,015
81	Dominican Republic	Americas	25,523	273,703	11,249	120,629
82	Antigua and Barbuda	Americas	25,449	2,601	19,068	1,949
83	Mexico	Americas	24,976	3,420,000	13,804	1,811,468
84	Libya	Africa	24,382	166,887	5,872	40,194
85	Belarus	Europe	24,017	221,186	7,477	68,864
86	China	Asia	23,309	35,004,000	12,541	17,700,899
87	Turks and Caicos Islands	Americas	22,915	918	20,177	1139
88	Curacao	Americas	22,832	3,205	17,718	2700
89	Thailand	Asia	22,491	1,578,452	7,298	512,193
90	Georgia	Asia	22,357	82,210	8,165	30,023
91	North Macedonia	Europe	21,391	44,055	7,672	15,801
92	Grenada	Americas	20,195	2,307	11,437	1,306
93	Brazil	Americas	20,079	4,260,000	10,413	2,126,809
94	Iran	Asia	19,942	1,810,000	4,234	366,438
95	Turkmenistan	Asia	19,939	126,132	12,934	81,822
96	Armenia	Asia	19,745	58,497	8,283	24,540
97	Bosnia and Herzegovina	Europe	19,634	68,012	7,778	26,945
98	Albania	Europe	19,566	55,928	8,057	23,032
99	Colombia	Americas	19,482	1,016,124	6,976	363,835
100	Botswana	Africa	19,394	51,886	7,758	20,756
101	Gabon	Africa	19,165	41,922	8,832	19,319
102	Saint Lucia	Americas	18,973	3,452	13,572	2,469
103	Barbados	Americas	18,738	5,436	21,442	6,220
104	Azerbaijan	Asia	18,694	192,146	7,530	77,392
105	Equatorial Guinea	Africa	18,362	28,356	6,502	10,041
106	Suriname	Americas	18,311	11,435	5,667	3,539
107	Saint Vincent and the Grenadines	Americas	17,840	1,980	9,360	1,039
108	Egypt	Africa	17,123	1,920,000	3,770	398,397
109	French Polynesia	Oceania	17,000	5,490	19,999	6055
110	Moldova	Europe	16,916	42,217	6,411	16,000
111	Cook Islands	Oceania	16,700	300	19,264	328
112	Fiji	Oceania	16,564	15,152	6,025	5,511
113	South Africa	Africa	16,211	997,444	6,191	380,906
114	Peru	Americas	15,894	548,465	7,669	264,636
115	Indonesia	Asia	15,834	4,720,000	5,109	1,417,387
116	Kosovo	Europe	15,767	27,918	5,912	10,469
117	Paraguay	Americas	15,533	117,349	5,843	44,142
118	Palau	Oceania	15,169	268	15,113	267
119	Mongolia	Asia	15,088	52,989	5,348	18,782
120	Dominica	Americas	14,348	1,069	9,356	697
121	Ukraine	Europe	14,304	474,773	5,225	173,413
122	Bhutan	Asia	14,297	10,969	3,500	2,686
123	Vietnam	Asia	14,285	1,434,211	4,316	433,356
124	Sri Lanka	Asia	14,267	319,523	3,342	74404
125	Algeria	Africa	13,682	628,990	4,875	224,107
126	Ecuador	Americas	13,285	242,579	6,500	118,686
127	Tunisia	Africa	13,249	162,097	4,191	51,271
128	Jamaica	Americas	12,995	35,690	6,831	18,761
129	Jordan	Asia	12,809	132,092	4,851	50,022
130	Cuba	Americas	12,300	137,000	56,495	633442
131	Anguilla	Americas	12,200	175	19,216	303
132	Eswatini	Africa	11,859	13,797	3,995	4,648
133	Lebanon	Asia	11,794	72,370	3,283	37945
134	Iraq	Asia	11,742	508,973	5,883	297,695
135	El Salvador	Americas	11,717	74,505	5,558	35,339
136	Namibia	Africa	11,603	30,663	4,786	12,647
137	Philippines	Asia	11,326	1,278,624	3,859	435,675
138	Nauru	Oceania	11,169	143	11,757	150
139	Belize	Americas	11,166	5,032	7,142	3,218
140	Guatemala	Americas	10,595	201,365	5,407	102,765
141	Morocco	Africa	10,408	385,337	3,980	147,343
142	Bolivia	Americas	10,340	125,428	3,858	46,796
143	Uzbekistan	Asia	10,316	371,646	2,509	90,392
144	Cape Verde (Cabo Verde)	Africa	9,909	5,717	4,503	2,598
145	Laos	Asia	9,787	74,205	1,879	14,244
146	India	Asia	9,183	14,260,000	2,612	3,732,224
147	Bangladesh	Asia	8,673	1,476,870	2,621	446,349
148	Venezuela	Americas	7,985	211,926	3,474	92,210
149	Nicaragua	Americas	7,642	51,022	2,599	17,353
150	Mauritania	Africa	7,542	33,414	2,338	10,357
151	Honduras	Americas	7,163	75,030	3,245	33,992
152	Tonga	Oceania	7,127	711	5,488	547
153	Angola	Africa	7,077	260,323	2,550	93,796
154	Djibouti	Africa	6,985	7,193	3,761	3,873
155	Ivory Coast (Côte d'Ivoire)	Africa	6,960	202,647	2,728	79,430
156	Ghana	Africa	6,905	227,189	2,329	76,628
157	Pakistan	Asia	6,773	1,568,427	1,471	340,636
158	Palestine	Asia	6,642	36,391	3,464	18,109
159	Kenya	Africa	6,577	338,964	2,188	112,749
160	Samoa	Oceania	6,544	1,325	4,638	939
161	Kyrgyzstan	Asia	6,438	44,623	1,830	12,681
162	Syria	Asia	6,374	50,280	537	19719
163	Nigeria	Africa	6,148	1,365,903	1,755	390,002
164	Cambodia	Asia	6,087	98,319	1,916	30,943
165	Tuvalu	Oceania	5,766	63	5,773	63
166	Congo	Africa	5,552	27,994	2,858	14,407
167	Tajikistan	Asia	5,361	53,679	1,180	11,816
168	Myanmar	Asia	5,124	277,767	1,381	74,861
169	Nepal	Asia	4,934	150,800	1,353	41,339
170	Cameroon	Africa	4,661	133,335	1,722	49,262
171	Senegal	Africa	4,325	78,547	1,715	31,141
172	Benin	Africa	4,305	59,241	1,449	19,940
173	São Tomé and Príncipe	Africa	4,147	962	2,905	674
174	Zambia	Africa	4,068	83,687	1,486	29,536
175	Micronesia	Oceania	3,922	413	4,358	458
176	East Timor	Asia	3,747	5,062	1,497	2,023
177	Ethiopia	Africa	3,719	393,297	1,473	155,804
178	Sudan	Africa	3,605	172,651	534	25,569
179	Tanzania	Africa	3,595	227,725	1,327	84,033
180	Comoros	Africa	3,464	3,432	1,377	1,364
181	Papua New Guinea	Oceania	3,403	41,785	2,581	31,692
182	Guinea	Africa	3,241	48,750	1,543	23,205
183	Lesotho	Africa	3,235	6,915	1,110	2,373
184	Uganda	Africa	3,222	145,157	1,163	52,390
185	Haiti	Americas	3,186	38,952	2,125	25,986
186	Rwanda	Africa	3,137	42,346	1,032	13,927
187	Guinea Bissau	Africa	3,088	5,981	1,028	1,991
188	Vanuatu	Oceania	2,940	981	3,492	1,166
189	Gambia	Africa	2,837	7,502	903	2,388
190	Togo	Africa	2,768	25,103	1,004	9,111
191	Zimbabwe	Africa	2,750	44,448	2,006	32,424
192	Burkina Faso	Africa	2,683	62,788	888	20,785
193	Mali	Africa	2,639	61,625	913	21,309
194	Solomon Islands	Oceania	2,411	1,783	2,285	1,690
195	Kiribati	Oceania	2,381	297	1,968	246
196	Sierra Leone	Africa	2,097	17,784	415	3,519
197	Yemen	Asia	2,053	69,963	618	21,045
198	Somalia	Africa	1,998	32,078	717	11,515
199	Afghanistan	Asia	1,991	80,912	443	14,939
200	Madagascar	Africa	1,907	56,754	530	15,763
201	Chad	Africa	1,807	32,375	703	12,596
202	Liberia	Africa	1,789	9,718	800	4,347
203	North Korea	Asia	1,700	40,000	654	16750
204	Malawi	Africa	1,668	37,919	580	13,176
205	Eritrea	Africa	1,629	5224	644	2255
206	Mozambique	Africa	1,584	53,710	647	21,936
207	Niger	Africa	1,579	42,739	631	17,073
208	DR Congo	Africa	1,510	150,883	675	67,512
209	Central African Republic	Africa	1,109	5,678	539	2,760
210	Burundi	Africa	890	11,551	246	3,190
211	South Sudan	Africa	476	7,143	417	6,267

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CEOWORLD magazine - Latest - Special Reports - Revealed: These Are Richest Countries In The World, 2024

Despina Wilson

I am a senior editor and data journalist at CEOWORLD magazine. My job involves using infographics to report on news topics related to business and policy, with a global perspective. I hold a master's degree in journalism and have worked for newspapers and reporting projects in both the US and the UK, giving me a unique transatlantic perspective. I believe that data can enhance coverage of all news topics. As a contributor, I plan cover a wide range of issues, such as gender equality, climate change, labor, and immigration, using relevant statistics and insightful visualizations.

Email: despina@ceoworld.biz

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