Top 50 richest countries in the world

How to determine how rich a country is and compare it with the others? Of course, the key 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.

The strong economy positively affects an average life expectancy in a country but does not influence people's satisfaction with their lives, does 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 us an 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 2018 (Intl $) Continent Average Life
Expectancy (years)
Happiness Ranking
Rank 2018 (score)
1Liechtenstein139,100Europe82.66no data
2Qatar128,703Asia78.4132 (6.374)
3Monaco115,700Europe89.40no data
4Luxembourg110,870Europe82.4017 (6.910)
5Singapore98,014Asia83.3034 (6.343)
6Ireland79,925Europe81.7114 (6.977)
7Brunei79,726Asia77.49no data
8Norway74,065Europe82.3902 (7.594)
9United Arab Emirates68,662Asia77.4920 (6.774)
10Kuwait66,673Asia74.8745 (6.083)
11Switzerland63,380Europe83.5605 (7.487)
12United States62,152North America79.6218 (6.886)
13San Marino61,169Europe83.48no data
14Netherlands56,436Europe82.0606 (7.441)
15Saudi Arabia55,859Asia74.8033 (6.371)
16Iceland54,121Europe82.9904 (7.495)
17Sweden53,078Europe82.7008 (7.324)
18Germany52,801Europe81.2715 (6.965)
19Taiwan52,305Asia80.2626 (6.441)
20Australia52,191Australia and Oceania83.1510 (7.272)
21Austria51,936Europe81.8612 (7.139)
22Denmark51,643Europe80.9103 (7.555)
23Bahrain50,103Asia77.1143 (6.105)
24Andorra49,900Europe82.91no data
25Canada49,775North America82.7607 (7.328)
26Belgium48,258Europe81.3916 (6.927)
27Finland46,343Europe81.5701 (7.632)
28Oman45,723Asia77.37no data
29United Kingdom45,566Europe81.7719 (6.814)
30France45,474Europe82.8023 (6.489)
31Malta44,670Europe81.0922 (6.627)
32Japan44,426Asia83.9854 (5.915)
33South Korea41,388Asia82.4457 (5.875)
34Spain40,290Europe83.3636 (6.310)
35New Zealand40,118Australia and Oceania82.9808 (7.324)
36Italy39,500Europe83.2647 (6.000)
37Cyprus38,980Europe80.7461 (5.762)
38Israel37,673Asia82.7411 (7.190)
39Czechia37,546Europe78.9321 (6.711)
40Slovenia36,566Europe81.1551 (5.948)
41Slovakia35,095Europe77.2639 (6.173)
42Lithuania34,596Europe74.7750 (5.952)
43Estonia33,842Europe77.6963 (5.739)
44Equatorial Guinea32,855Africa59.48no data
45Bahamas32,283North America75.89no data
46Trinidad and Tobago32,011North America70.8238 (6.192)
47Portugal31,965Europe81.5277 (5.410)
48Poland31,430Europe77.8242 (6.123)
49Hungary31,370Europe76.0869 (5.620)
50Malaysia30,858Asia75.5235 (6.322)