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

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Revealed: These Are Richest Countries In The World, 2024

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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

RankCountryRegionGDP (PPP) per capitaGDP (PPP)GDP (nominal) per capitaGDP (nominal)
1LuxembourgEurope143,30494,152135,60589,095
2LiechtensteinEurope139,1004,978184,0836608
3IrelandEurope137,638722,929112,248589,569
4SingaporeAsia133,108786,87087,884497,347
5MonacoEurope115,7007,672234,3178596
6QatarAsia114,210328,13481,968235,500
7Macau (China)Asia98,15769,56554,29638,480
8BermudaAmericas95,8375,441118,8467551
9SwitzerlandEurope89,537788,335102,865905,684
10United Arab EmiratesAsia88,962895,16650,602509,179
11San MarinoEurope84,1352,87258,5411,998
12NorwayEurope82,236452,96499,266546,768
13United StatesAmericas80,41227,970,00080,41226,949,643
14DenmarkEurope74,958441,75471,402420,800
15Cayman IslandsAmericas74,1554,76388,4765809
16NetherlandsEurope73,3171,297,02461,7701,092,748
17Hong Kong (China)Asia72,861548,99951,168385,546
18BruneiAsia72,61032,00034,38415,153
19TaiwanAsia72,4851,685,35832,339751,930
20IcelandEurope69,83327,07878,83730,570
21AustriaEurope69,069626,45858,013526,182
22Saudi ArabiaAsia68,4532,390,00032,5861,069,437
23AndorraEurope68,2325,71144,1073,692
24SwedenEurope66,209715,99555,216597,110
25GermanyEurope66,0385,720,00052,8244,429,838
26BelgiumEurope65,813769,68253,657627,511
27AustraliaOceania64,6751,780,00063,4871,687,713
28MaltaEurope63,48133,30338,71520,311
29GuyanaAmericas61,09948,51420,56516,329
30BahrainAsia60,71595,97328,46444,994
31FinlandEurope59,869335,76054,507305,689
32CanadaAmericas59,8132,470,00053,2472,117,805
33FranceEurope58,7654,010,00046,3153,049,016
34United KingdomEurope56,8363,980,00048,9123,332,059
35South KoreaAsia56,7093,006,00033,1471,709,232
36IsraelAsia54,771537,14053,196521,688
37ItalyEurope54,2593,290,00037,1462,186,082
38CyprusAsia53,93149,65534,79132,032
39New ZealandOceania53,809279,18348,072249,415
40JapanAsia52,1206,710,00033,9504,230,862
41KuwaitAsia51,765256,59332,215159,687
42SloveniaEurope51,407108,68332,35068,394
43ArubaAmericas51,3525,50235,7183,827
44SpainEurope50,4722,510,00033,0901,582,054
45LithuaniaEurope49,245137,32828,48279,427
46Czech RepublicEurope49,025539,31830,475335,243
47PolandEurope45,5381,712,62922,393842,172
48EstoniaEurope45,23660,99730,99841,799
49PortugalEurope45,227465,13126,879276,432
50BahamasAmericas44,95018,14634,37113,876
51HungaryEurope43,601421,68321,075203,829
52CroatiaEurope42,873164,67220,87780,185
53PanamaAmericas42,738190,30618,49382,348
54SlovakiaEurope42,228229,58424,471133,044
55TurkeyAsia41,8883,810,00013,3841,154,600
56SeychellesAfrica41,8294,17520,8902,085
57Sint Maarten (Dutch part)Americas41,8121,47136,2201572
58GreenlandAmericas41,8002,41357,1163273
59Puerto RicoAmericas41,682132,05237,093117,515
60RomaniaEurope41,029780,79718,413350,414
61LatviaEurope40,89276,55024,92946,668
62GreeceEurope39,864416,96923,173242,385
63OmanAsia39,336200,29521,266108,282
64MaldivesAsia37,09414,74017,5596,977
65MalaysiaAsia37,0831,225,92713,034430,895
66RussiaEurope35,3105,230,00013,0061,862,470
67British Virgin IslandsAmericas34,20050049,4441539
68MontserratAmericas34,00016716,19972
69BulgariaEurope33,780216,49916,087103,099
70KazakhstanAsia32,712654,05012,968259,292
71New Caledonia (France)Oceania31,10011,11036,66810071
72Trinidad and TobagoAmericas30,71943,65819,62227,887
73ChileAmericas29,935597,52017,254344,400
74Saint Kitts and NevisAmericas29,8931,76018,1581,069
75MauritiusAfrica29,34937,01211,75214,819
76UruguayAmericas28,984103,37221,37876,244
77MontenegroEurope28,00217,43111,3387,058
78Costa RicaAmericas26,809141,52716,21385,590
79ArgentinaAmericas26,5061,239,51513,297621,833
80SerbiaEurope26,074173,07511,30175,015
81Dominican RepublicAmericas25,523273,70311,249120,629
82Antigua and BarbudaAmericas25,4492,60119,0681,949
83MexicoAmericas24,9763,420,00013,8041,811,468
84LibyaAfrica24,382166,8875,87240,194
85BelarusEurope24,017221,1867,47768,864
86ChinaAsia23,30935,004,00012,54117,700,899
87Turks and Caicos IslandsAmericas22,91591820,1771139
88CuracaoAmericas22,8323,20517,7182700
89ThailandAsia22,4911,578,4527,298512,193
90GeorgiaAsia22,35782,2108,16530,023
91North MacedoniaEurope21,39144,0557,67215,801
92GrenadaAmericas20,1952,30711,4371,306
93BrazilAmericas20,0794,260,00010,4132,126,809
94IranAsia19,9421,810,0004,234366,438
95TurkmenistanAsia19,939126,13212,93481,822
96ArmeniaAsia19,74558,4978,28324,540
97Bosnia and HerzegovinaEurope19,63468,0127,77826,945
98AlbaniaEurope19,56655,9288,05723,032
99ColombiaAmericas19,4821,016,1246,976363,835
100BotswanaAfrica19,39451,8867,75820,756
101GabonAfrica19,16541,9228,83219,319
102Saint LuciaAmericas18,9733,45213,5722,469
103BarbadosAmericas18,7385,43621,4426,220
104AzerbaijanAsia18,694192,1467,53077,392
105Equatorial GuineaAfrica18,36228,3566,50210,041
106SurinameAmericas18,31111,4355,6673,539
107Saint Vincent and the GrenadinesAmericas17,8401,9809,3601,039
108EgyptAfrica17,1231,920,0003,770398,397
109French PolynesiaOceania17,0005,49019,9996055
110MoldovaEurope16,91642,2176,41116,000
111Cook IslandsOceania16,70030019,264328
112FijiOceania16,56415,1526,0255,511
113South AfricaAfrica16,211997,4446,191380,906
114PeruAmericas15,894548,4657,669264,636
115IndonesiaAsia15,8344,720,0005,1091,417,387
116KosovoEurope15,76727,9185,91210,469
117ParaguayAmericas15,533117,3495,84344,142
118PalauOceania15,16926815,113267
119MongoliaAsia15,08852,9895,34818,782
120DominicaAmericas14,3481,0699,356697
121UkraineEurope14,304474,7735,225173,413
122BhutanAsia14,29710,9693,5002,686
123VietnamAsia14,2851,434,2114,316433,356
124Sri LankaAsia14,267319,5233,34274404
125AlgeriaAfrica13,682628,9904,875224,107
126EcuadorAmericas13,285242,5796,500118,686
127TunisiaAfrica13,249162,0974,19151,271
128JamaicaAmericas12,99535,6906,83118,761
129JordanAsia12,809132,0924,85150,022
130CubaAmericas12,300137,00056,495633442
131AnguillaAmericas12,20017519,216303
132EswatiniAfrica11,85913,7973,9954,648
133LebanonAsia11,79472,3703,28337945
134IraqAsia11,742508,9735,883297,695
135El SalvadorAmericas11,71774,5055,55835,339
136NamibiaAfrica11,60330,6634,78612,647
137PhilippinesAsia11,3261,278,6243,859435,675
138NauruOceania11,16914311,757150
139BelizeAmericas11,1665,0327,1423,218
140GuatemalaAmericas10,595201,3655,407102,765
141MoroccoAfrica10,408385,3373,980147,343
142BoliviaAmericas10,340125,4283,85846,796
143UzbekistanAsia10,316371,6462,50990,392
144Cape Verde (Cabo Verde)Africa9,9095,7174,5032,598
145LaosAsia9,78774,2051,87914,244
146IndiaAsia9,18314,260,0002,6123,732,224
147BangladeshAsia8,6731,476,8702,621446,349
148VenezuelaAmericas7,985211,9263,47492,210
149NicaraguaAmericas7,64251,0222,59917,353
150MauritaniaAfrica7,54233,4142,33810,357
151HondurasAmericas7,16375,0303,24533,992
152TongaOceania7,1277115,488547
153AngolaAfrica7,077260,3232,55093,796
154DjiboutiAfrica6,9857,1933,7613,873
155Ivory Coast (Côte d'Ivoire)Africa6,960202,6472,72879,430
156GhanaAfrica6,905227,1892,32976,628
157PakistanAsia6,7731,568,4271,471340,636
158PalestineAsia6,64236,3913,46418,109
159KenyaAfrica6,577338,9642,188112,749
160SamoaOceania6,5441,3254,638939
161KyrgyzstanAsia6,43844,6231,83012,681
162SyriaAsia6,37450,28053719719
163NigeriaAfrica6,1481,365,9031,755390,002
164CambodiaAsia6,08798,3191,91630,943
165TuvaluOceania5,766635,77363
166CongoAfrica5,55227,9942,85814,407
167TajikistanAsia5,36153,6791,18011,816
168MyanmarAsia5,124277,7671,38174,861
169NepalAsia4,934150,8001,35341,339
170CameroonAfrica4,661133,3351,72249,262
171SenegalAfrica4,32578,5471,71531,141
172BeninAfrica4,30559,2411,44919,940
173São Tomé and PríncipeAfrica4,1479622,905674
174ZambiaAfrica4,06883,6871,48629,536
175MicronesiaOceania3,9224134,358458
176East TimorAsia3,7475,0621,4972,023
177EthiopiaAfrica3,719393,2971,473155,804
178SudanAfrica3,605172,65153425,569
179TanzaniaAfrica3,595227,7251,32784,033
180ComorosAfrica3,4643,4321,3771,364
181Papua New GuineaOceania3,40341,7852,58131,692
182GuineaAfrica3,24148,7501,54323,205
183LesothoAfrica3,2356,9151,1102,373
184UgandaAfrica3,222145,1571,16352,390
185HaitiAmericas3,18638,9522,12525,986
186RwandaAfrica3,13742,3461,03213,927
187Guinea BissauAfrica3,0885,9811,0281,991
188VanuatuOceania2,9409813,4921,166
189GambiaAfrica2,8377,5029032,388
190TogoAfrica2,76825,1031,0049,111
191ZimbabweAfrica2,75044,4482,00632,424
192Burkina FasoAfrica2,68362,78888820,785
193MaliAfrica2,63961,62591321,309
194Solomon IslandsOceania2,4111,7832,2851,690
195KiribatiOceania2,3812971,968246
196Sierra LeoneAfrica2,09717,7844153,519
197YemenAsia2,05369,96361821,045
198SomaliaAfrica1,99832,07871711,515
199AfghanistanAsia1,99180,91244314,939
200MadagascarAfrica1,90756,75453015,763
201ChadAfrica1,80732,37570312,596
202LiberiaAfrica1,7899,7188004,347
203North KoreaAsia1,70040,00065416750
204MalawiAfrica1,66837,91958013,176
205EritreaAfrica1,62952246442255
206MozambiqueAfrica1,58453,71064721,936
207NigerAfrica1,57942,73963117,073
208DR CongoAfrica1,510150,88367567,512
209Central African RepublicAfrica1,1095,6785392,760
210BurundiAfrica89011,5512463,190
211South SudanAfrica4767,1434176,267

Richest Countries In The World, 2024


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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