Here’s a look at some of the top industries in the next five richest countries:īanking and financial services, agriculture In Luxembourg today, one of the top industries is banking and financial services, for example. Beginning with agriculture-based economies, they went through a period of rapid industrialization, and finally became service-based economies.
Looking at history, most high-income countries went through a similar linear journey. So how did these countries become so well off? Similarly, Luxembourg’s population is just under 633,000-but it’s the richest country in the world on a per capita basis. For example, Iceland makes the top 10 at $57,189, but the island’s population is only around 342,000 people. Interestingly, a number of countries with smaller population sizes have a high GDP per capita. places fifth with a GDP per capita of $63,051. CountryĪlthough number one on the global stage in terms of total GDP, the U.S. Notably, no South American or African countries make the list. They’re located across North America, Europe, Asia, and Oceania. This map looks at the top 25 countries by this metric. Which are the richest countries in the world, by nominal GDP per capita? Mapped: The 25 Richest Countries in the World
