Curious about the richest economies in Europe? According to GDP per capita data, Monaco and Liechtenstein are the two richest economies in Europe in 2024. This report aims to provide insight into the richest economies in Europe in 2024, arranged by their GDP per capita data. While smaller countries like Liechtenstein and Luxembourg benefit from well-regulated financial sectors and tax regimes ideal for foreign investments into their economies, bigger and more powerful countries like Germany and the United Kingdom rank lower in the list of wealthiest economies in Europe.
Which are the top 5 richest countries in Europe? Monaco, Liechtenstein, Luxembourg, Ireland, and Switzerland, respectively, hold those positions in 2024. Now, let’s take a look at the richest countries in Europe in 2024. Monaco maintains its position as the richest economy in Europe. The nation is known for using wealth to ensure better living standards, healthcare, and education for the general populace. Further, the country is one of the biggest tourist destinations in the world, with its idyllic castles, abundant greenery, and picturesque canals.
Richest countries in Europe by GDP per capita in 2024
| Rank | Country | GDP Per Capita (Nominal, US$) | GDP (Billions, US$) |
|---|---|---|---|
| 1 | Monaco | 234,317 | 8.59 |
| 2 | Liechtenstein | 184,083 | 7.71 |
| 3 | Luxembourg | 135,605 | 89.09 |
| 4 | Ireland | 112,248 | 589.56 |
| 5 | Switzerland | 102,865 | 905.68 |
| 6 | Norway | 99,266 | 546.76 |
| 7 | Iceland | 78,837 | 30.57 |
| 8 | Denmark | 71,402 | 420.8 |
| 9 | Netherlands | 61,770 | 1092.74 |
| 10 | San Marino | 58,541 | 1.99 |
| 11 | Austria | 58,013 | 526.18 |
| 12 | Sweden | 55,216 | 597.11 |
| 13 | Finland | 54,507 | 305.68 |
| 14 | Belgium | 53,657 | 627.51 |
| 15 | Germany | 52,824 | 4429.83 |
| 16 | United Kingdom | 48,912 | 3332.05 |
| 17 | France | 46,315 | 3049.01 |
| 18 | Andorra | 44,107 | 3.69 |
| 19 | Malta | 38,715 | 20.31 |
| 20 | Italy | 37,146 | 2186.08 |
| 21 | Spain | 33,090 | 1582.05 |
| 22 | Slovenia | 32,350 | 68.39 |
| 23 | Estonia | 30,998 | 41.79 |
| 24 | Czech Republic | 30,475 | 335.24 |
| 25 | Lithuania | 28,482 | 79.42 |
| 26 | Portugal | 26,879 | 276.43 |
| 27 | Latvia | 24,929 | 46.66 |
| 28 | Slovakia | 24,471 | 133.04 |
| 29 | Greece | 23,173 | 242.38 |
| 30 | Poland | 22,393 | 842.17 |
| 31 | Hungary | 21,075 | 203.82 |
| 32 | Croatia | 20,877 | 80.18 |
| 33 | Romania | 18,413 | 350.41 |
| 34 | Bulgaria | 16,087 | 103.09 |
| 35 | Russia | 13,006 | 1862.47 |
| 36 | Montenegro | 11,338 | 7.05 |
| 37 | Serbia | 11,301 | 75.01 |
| 38 | Albania | 8,057 | 23.03 |
| 39 | Bosnia and Herzegovina | 7,778 | 26.94 |
| 40 | North Macedonia | 7,672 | 15.8 |
| 41 | Belarus | 7,477 | 68.86 |
| 42 | Moldova | 6,411 | 16 |
| 43 | Kosovo | 5,912 | 10.46 |
| 44 | Ukraine | 5,225 | 173.41 |
Have you read?
World’s Best Countries To Invest In Or Do Business.
World’s Most Startup-Friendly Countries.
World’s Best Countries For Quality of Life.
Largest Economies Europe In 2024.
GDP of the BRICS countries (2000 to 2028).
