Richest Country in the World 2023 Top 25 Richest Countries List

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Richest Country in the World 2023 Top 25 Richest Countries List

Richest Country in the World 2023

Countries like America, Qatar, Norway, etc., are on the list of the wealthiest countries in the world, but a small region remains on the top of this list. Gross Domestic Product per capita estimates the economy per person in a country. The most accurate data is expressed through this, but wealth distribution is not shown through GPD. To be at the top of the list, many things are considered, like price structure, per-person income, etc. In a rich country, if you want to rent an apartment, then it will cost 500 dollars per month, but in a poor country, you can rent a palace for the same price.

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Grand Duchy of Luxembourg, a small country in Western Europe, is at the top of the list. It is a landlocked country which shares borders with Belgium, Germany and France. Luxembourgish is this country’s national language, but French and German are also used in administrative and Judicial matters. It is one of the smallest countries in Europe, with 2586 square kilometres of area. The population of this country is also very least in Europe. It is a developed country with the world’s top GDP per capita. This country is a founding partner of the European Union, OECD, United Nations and Benelux.

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Top 25 Richest Countries List 2023

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India also has good GDP, but here the population is so much. To be on the list of the wealthiest country, the population also have to be smaller. You will read about the top 25 wealthiest countries in the world in this article.

Luxemburg

Luxemburg being on the top of the list, has a GDP of 140,694 dollars per capita. It remains on this list due to its low population of 645,397. This country produces a large quantity of steel. Top companies Amazon and Skype have their offices here.

Singapore

Singapore is on second on this list, with a GDP per capita of 131,425. This country has very low tax rates, and also the headquarters of the Asia-Pacific Economic Corporation is here. The population of this country is 5,453,566. It is the richest country in Asia.

Ireland

The Republic of Ireland remains 3rd in this list but is first for foreign direct investment. Its per capita GDP is 131,034 of Ireland. This country concentrates on high-tech, life sciences, financial, etc. services for better development. It has the fastest-growing economy. The GDP of this country is just doubled in the past 10 years.

Qatar

A country with Petroleum and natural gas helps in more than 70% of govt revenue. Qatar earns 85% from export, and it has 60% of the gross domestic product. It has 113,675 dollars per capita GDP with the second largest exporter of natural gas in the world.

Switzerland

The fifth position in this list occupies by Switzerland, with 84,469 dollars per capita GDP. It has a tiny population and is the land of wealth, as many millionaires live here. It is a European country and is known for many inventions. Switzerland was established in 1948 and became developed in a short time.

Norway

Norway is the largest exporter of oil in the world. Per capita GDP of 78,128 dollars. It was the poorest country in the three Scandinavian kingdoms, with an economy based on agriculture, timber and fishing.

United Arab Emirates

United Arab Emirates got the seventh position in the list with a per capita GDP of 77,272 dollars. It is the fifth largest in the middle east, and the revenues come from petroleum and natural gas. Also, tourism is one of the significant sources of revenue.

United States

United States, where the income of women has increased fastly after the 1970s. The GDP per capita of the United States is 75,180 dollars. The top income in this country in 2019 was 103,012 dollars, and more than 60% of families have two or more revenue earners.

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Brunei

Brunei is a very small country situated on the northern coast of the island of Borneo in Asia. Half of the population of this country is under 30 years of age. This country creates its revenue from the reserves of petroleum and natural gas.

San Marino

San Marino is in the tenth position of this list which creates its revenue from tourism, banking, and manufacturing of furniture, fabrics, clothing, paints, spirits, tiles, ceramics and wine.

Contributed by Bhupender Kumar

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