Wealth is measured in many ways, some see it purely as the money you have while others may look at net worth or your overall quality of life. The same goes when estimating the wealth of countries, some nations like Indonesia or china may dominate the world in the GDP but have very low wages and quality of life. Nations referenced in this article are ranked according to the Gross Domestic Product per capita and overall average wages, to lay it out a country’s wealth should be measured by the totality of all goods and services taking into account the country’s populace.

The rundown of the wealthiest countries in the world has slightly changed from a year ago because of the pandemic with some countries facing an eminent drop in their Gross domestic product per capita. Autonomous regions and principalities like Monaco and Hong Kong are not referenced in this rundown of wealthiest countries.

Here are the 15 wealthiest countries in the world

15 Germany

Germany has probably the biggest economy in the world with a GDP of nearly 3.8 trillion dollars.

It was ranked the third-largest exporter in the world in 2019 after china and The United States, exporting more than 1.7 trillion dollars worth of merchandise that year. Nonetheless, the country faces some demographic difficulties to its economic growth, its low fertility rate makes supplanting its aging workforce more difficult and its high levels of net immigration put strain on its social welfare system. With a populace of around 83 million its Gross domestic product per capita is about $46,000.

14 Finland

Finland is one of six nations in the Nordic district that rank in the top 15 Wealthiest Countries in the world with regards to GDP per capita.

The country is one of the most diverse export economies in the world. Its economy depends on metals and metal products, electronics, machinery, and scientific instruments.
Finland’s overall thriving is more uniformly distributed among its residents. With a populace of around 5.5 million its Gross domestic product per capita is around $49,000. The country also has some of the best health outcomes as measured by life expectancy, maternal mortality, and infant mortality.

13 Austria

Austria is a gorgeous country and tourism helps support the country’s GDP.

During the pandemic, its Gross domestic product per capita has somewhat dropped but the country encourages innovation to reinforce its economy. Very much like a few different countries that rank among the wealthiest in the world, research and development accounts represent a huge level of Austria’s Gross domestic product.

As indicated by World Bank, the Gross domestic product per capita of Austria is around $50,000. A great part of Austria’s prominence can be ascribed to its geographic position, it is at the center of European traffic.

12. Sweden

Sweden is another Nordic country with a Gross domestic product per capita among the highest in the world.

The biggest contributors to its economy include iron and steel, precision equipment, processed food, and motor vehicles.
With a populace of 10.2 million, it boasts a Gross domestic product per capita of around $52,000. It also invests more in education as a share of its GDP than practically some other country on the planet.

11 Netherlands

The Netherlands is almost tied with Sweden with an average ranking of 12 but it goes about it differently on its way to number 11 on our list of Wealthiest Countries in the world.

It relies on agro industries, metal and engineering products, electrical machinery and equipment, chemicals, and petroleum.
With an average life expectancy of 81.6 years at birth, the Netherlands has among the best health outcomes in the world. It likewise ranks better than most countries regarding infant and maternal mortality. It has a GDP per capita of approximately $52,000.

10 Australia

Australia depends vigorously on exports of natural resources particularly iron ore. It is the world’s leading exporter of the mineral accounting for 52% of the world’s total supply.

The Gross domestic product per capita of the country is around $55,000 which increased during the pandemic. This general riches permits 25.4 million Australians to carry on CONTINUE READING

Sudan

Nigeria

You are talking about per capita income. Germany that u put in number 15 has a far bigger economy that most of the countries you listed. But because Germany has a larger population than these countries, when u divide the population by the total income/GDP, u find that the per capita income of Germany is smaller than them. Smaller per capita income doesn't mean Germany is poorer than them, it is just the population that is larger.

oz4real83:
You are talking about per capita income. Germany that u put in number 15 has a far bigger economy that most of the countries you listed. But because Germany has a larger population than these countries, when u divide the population by the total income/GDP, u find that the per capita income of Germany is smaller than them. Smaller per capita income doesn't mean Germany is poorer than them, it is just the population that is larger.

The OP is right. Wealth has to be measured per capita. Nigeria is the biggest economy in Africa but when you situate it with our huge but very unproductive population, it becomes the poverty capital of the world.

Nigeria economy is 25th largest in the world but when you consider the poor economic development indices and the unproductive population, even the 50th placed economy is far better than her. GDP alone is not a proper indicator of wealth but rather GDP per capita.

Focusmind:


The OP is right. Wealth has to be measured per capita. Nigeria is the biggest economy in Africa but when you situate with our huge population, it becomes the poverty capital of the world.

Nigeria economy is 25th largest in the world but when you consider economic development and unproductive population, even the 50th place economies are far better than her. GDP alone is not a proper indicator of wealth but rather GDP per capita.

I agree with u but consider the cases of China and India. They have very large GDPs but they still have some of the poorest populations in the world. A country's wealth May be in the hands of very few individuals even when the country has large gdp.