Top 50 richest countries

How to determine how rich is a country and compare it with the others? Of course, the main indicator is the GDP per capita (a total value of goods and services produced by a nation during a year divided by its total population). It shows how rich each citizen is, on average, but unfortunately does not take into account differences in the cost of living in various parts of the world.

For the most accurate measurement economists use GDP based on Purchasing Power Parity, the so called GDP (PPP) per capita. It calculates the total value of goods and services produced in each country, as if they were sold at US prices. So we can compare nations with different standards of living by measuring their GDP (PPP) per capita in international dollars (equivalent to US dollar), and find out who is the richest of them.

A strong economy positively affects an average life expectancy in a country, but do not influence people's satisfaction with their lives, do not determine how happy are they. A Ranking of Happiness (based on the poll of real people from the different parts of the world) could give the answer. Respondents evaluate own living conditions and happiness level on a scale from 0 to 10 points. On the basis of these data, the World Ranking of Happiness is formed (note that some microstates do not participate in the survey).

List of the 50 richest countries ranked by GDP based on purchasing-power-parity (PPP) per capita
Rank Country GDP(PPP) per capita 2015 (Int.$) Continent Average life expectancy (years) Happiness Ranking
Rank 2016 (score)
1Qatar143,532Asia78.6836 (6.375)
2Luxembourg93,173Europe82.3020 (6.871)
3Liechtenstein89,400Europe82.38no data
4Singapore85,198Asia83.6922 (6.739)
5Monaco78,700Europe89.67no data
6Brunei72,370Asia79.49no data
7Kuwait70,913Asia74.8341 (6.239)
8Norway67,445Europe82.1104 (7.498)
9United Arab Emirates65,149Asia77.5528 (6.573)
10San Marino61,836Europe83.53no data
11Switzerland58,730Europe83.5802 (7.509)
12United States56,421North America79.5713 (7.104)
13Saudi Arabia53,149Asia74.7934 (6.379)
14Bahrain52,514Asia77.0542 (6.218)
15Ireland51,118Europe81.5219 (6.907)
16Netherlands48,317Europe82.0507 (7.339)
17Taiwan47,898Asia79.8435 (6.379)
18Australia47,607Australia and Oceania83.1009 (7.313)
19Sweden47,228Europe82.7610 (7.291)
20Austria47,031Europe82.0612 (7.119)
21Germany46,896Europe81.5416 (6.994)
22Canada45,722North America82.6306 (7.404)
23Denmark45,451Europe80.7401 (7.526)
24Iceland45,269Europe83.1303 (7.501)
25Belgium43,800Europe81.4318 (6.929)
26France41,018Europe82.8432 (6.478)
27Finland40,838Europe81.4705 (7.413)
28United Kingdom40,676Europe81.2523 (6.725)
29Oman40,538Asia77.50no data
30Japan38,215Asia84.0853 (5.921)
31Andorra37,200Europe82.72no data
32South Korea36,601Asia82.7558 (5.835)
33New Zealand36,151Australia and Oceania82.4208 (7.334)
34Italy35,811Europe83.7550 (5.977)
35Spain34,899Europe83.2237 (6.361)
36Malta34,544Europe81.1630 (6.488)
37Israel33,495Asia83.0111 (7.267)
38Trinidad and Tobago32,654North America70.7443 (6.168)
39Bahamas32,000North America75.96no data
40Czech Republic30,895Europe79.1027 (6.596)
41Cyprus30,769Europe80.7569 (5.546)
42Slovenia30,508Europe80.9863 (5.768)
43Slovakia29,209Europe76.6745 (6.078)
44Lithuania28,210Europe73.7260 (5.813)
45Estonia27,994Europe77.2072 (5.517)
46Portugal27,624Europe81.7294 (5.123)
47Equatorial Guinea26,810Africa58.57no data
48Seychelles26,443Africa73.75no data
49Poland26,210Europe77.9857 (5.835)
50Malaysia25,631Asia75.3347 (6.005)