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 2016 (Int.$) Continent Average life expectancy (years) Happiness Ranking
Rank 2016 (score)
1Qatar129,727Asia78.6836 (6.375)
2Luxembourg101,936Europe82.3020 (6.871)
3Liechtenstein89,400Europe82.38no data
4Singapore87,082Asia83.6922 (6.739)
5Brunei79,711Asia79.49no data
6Monaco78,700Europe89.67no data
7Kuwait71,264Asia74.8341 (6.239)
8Ireland69,375Europe81.5219 (6.907)
9Norway69,296Europe82.1104 (7.498)
10United Arab Emirates67,696Asia77.5528 (6.573)
11San Marino64,443Europe83.53no data
12Switzerland59,376Europe83.5802 (7.509)
13United States57,294North America79.5713 (7.104)
14Saudi Arabia54,078Asia74.7934 (6.379)
15Netherlands50,846Europe82.0507 (7.339)
16Bahrain50,303Asia77.0542 (6.218)
17Sweden49,678Europe82.7610 (7.291)
18Australia48,806Australia and Oceania83.1009 (7.313)
19Germany48,190Europe81.5416 (6.994)
20Iceland48,070Europe83.1303 (7.501)
21Austria47,856Europe82.0612 (7.119)
22Taiwan47,790Asia79.8435 (6.379)
23Denmark46,603Europe80.7401 (7.526)
24Canada46,240North America82.6306 (7.404)
25Belgium44,881Europe81.4318 (6.929)
26Oman43,737Asia77.50no data
27United Kingdom42,514Europe81.2523 (6.725)
28France42,384Europe82.8432 (6.478)
29Finland41,813Europe81.4705 (7.413)
30Japan38,894Asia84.0853 (5.921)
31Equatorial Guinea38,699Africa58.57no data
32South Korea37,948Asia82.7558 (5.835)
33Malta37,891Europe81.1630 (6.488)
34Andorra37,200Europe82.72no data
35New Zealand37,108Australia and Oceania82.4208 (7.334)
36Spain36,451Europe83.2237 (6.361)
37Italy36,313Europe83.7550 (5.977)
38Israel34,834Asia83.0111 (7.267)
39Cyprus34,387Europe80.7569 (5.546)
40Czech Republic33,223Europe79.1027 (6.596)
41Slovenia32,028Europe80.9863 (5.768)
42Trinidad and Tobago31,934North America70.7443 (6.168)
43Slovakia31,182Europe76.6745 (6.078)
44Lithuania29,882Europe73.7260 (5.813)
45Estonia29,502Europe77.2072 (5.517)
46Portugal28,515Europe81.7294 (5.123)
47Seychelles28,148Africa73.75no data
48Poland27,715Europe77.9857 (5.835)
49Malaysia27,234Asia75.3347 (6.005)
50Hungary27,211Europe75.5891 (5.145)