Wealth is measured from multiple points of view, some see it absolutely as the cash you have while others may take a gander at total assets or your general quality of life. The same goes when measuring the wealth of countries, some countries like Indonesia or china may dominate the world in the gross domestic product but have very low wages and quality of life the countries mentioned in this article are ranked according to the Gross domestic product (GDP) per capita and overall average wages, to put it simply a country’s wealth ought to be measured by the totality of all goods and services taking into account of the country’s population.
The list of the Richest Countries in the world in 2021 has slightly changed from last year due to the pandemic with some countries facing a notable drop in their GDP per capita. Autonomous regions and principalities like Monaco and Hong Kong are not mentioned in this list of wealthiest countries.
So here are the 15 Richest Countries in the world in 2021- GDP per capita.
Germany has one of the largest economies in the world with a GDP of nearly 3.8 trillion dollars.
It was ranked the third-largest exporter in the world in 2019 after china and The United, States exporting more than 1.7 trillion dollars worth of goods that year. However, the country faces some demographic challenges to its economic growth, its low fertility rate makes replacing its aging workforce more difficult and its high levels of net immigration put strain on its social welfare system with a population of around 83 million its GDP per capita is about $46,000.
Finland is one of six countries in the Nordic region that rank in the top in our rundown of 15 Richest Countries in the world in 2021 when it comes to GDP per capita the country is one of the most diverse export economies in the world.
Its economy depends on metals and metal products, electronics, machinery, and logical instruments. Finland’s relative prosperity is more evenly distributed among its residents with a population of around 5.5 million its GDP per capita is around $49,000. “The nation additionally has probably the best health results as estimated by life expectancy, maternal mortality, and newborn child mortality.
Austria is a gorgeous country and tourism helps boost the country’s GDP. During the pandemic, its GDP per capita has slightly dropped but the country encourages innovation to bolster its economy. Just like several other countries that rank among the richest in the world research and development accounts for a significant percentage of Austria’s GDP.
According to World Bank, the GDP per capita of the country is around $50,000. A great part of Austria’s noticeable quality can be credited to its geographic position, it is at the focal point of European traffic.
Sweden is another Nordic country with the GDP per capita among the highest in the world. The biggest contributors to its economy include iron and steel, precision equipment, processed food, and motor vehicles.
With a population of 10.2 million, it boasts a GDP per capita of around $52,000. It likewise puts more in Education as a portion of its Gross domestic product than practically some other country on the planet.
The Netherlands is almost attached with Sweden with an average positioning of 12, however, it goes about it contrastingly on its way to number 11 on our rundown of Richest Countries in the world in 2021. It depends on agro industries, metal and engineering products, electrical machinery and equipment, chemicals, and petroleum.
With an average life expectancy of 81.6 years at birth, the Netherlands has one of the best health outcomes in the universe. It also ranks better compared to most countries in terms of infant and maternal mortality. It has a GDP per capita of approximately $52,000.
Australia depends intensely on exports of natural resources especially iron ore. It is the world’s leading exporter of the mineral accounting for 52% of the world’s total supply. The GDP per capita of the country is around $55,000 which increased during the pandemic. This overall luxuriousness permits 25.4 million Australians to carry on with generally long solid lives.
Like other Nordic countries, Denmark also gets high marks around the world for its social awareness and public welfare.
The country also has an advanced economy that benefits from many diverse industries such as transportation equipment, pharmaceuticals, and medical equipment. The wealth in Denmark tends to be distributed relatively evenly among people with a high GDP per capita of around $60,000.
Qatar’s Gross domestic product per capita has dropped altogether this year because of the pandemic and its political steadiness. Nevertheless, its GDP per capita is expected to rise once again this year as the country is restoring its diplomatic ties with The Emirates and Saudi Arabia.
Notable as a maker of oil and natural gas, Qatar additionally gets significant commitments to its Gross domestic product from the cement, commercial ship repair, ammonia, and fertilizer industries. Currently, the country boasts a GDP per capita of $64,000.
Singapore has a diversified economy that profits from the country’s location at the focal point of a significant shipping route. At just 278 square miles the country is one of the smallest on the list but it’s known for a wide variety of things from electronics, chemicals, financial services, oil drilling equipment, and oil refining to biomedical items.
With a GDP per capita of $65,000, it is one of the most business-friendly countries in the world. The country is also rank high as one of the safest countries to live in for ex-pats.
6 United States
The United States has a highly diversified economy with the second-largest industrial output in the world unlike nearly every other nation to rank among the richest in the world in 2021, the united states does not rely heavily on exports. The united states GDP sits at the top of the world at 20.5 trillion dollars with average GDP per capita of $66,000 putting it at number six in 2021.
Iceland’s GDP per capita is continuously on the rise due to its relatively low population and near-perfect rankings in water and sanitation and basic medical care. It is also a world leader in access to basic knowledge and personal rights but it comes up short in access to advanced education.
The country’s exports to more traditional industries such as fish processing, aluminum smelting, geothermal, and hydropower. Currently, the country boasts a GDP per capita of $66,944.
A prominent country in Scandinavia, Norway is gifted with both beauty and charm not to mention a rich economy. Despite being one of the smaller countries in the world with a population of 5.3 million, Norway has one of the larger economies with a GDP of 342.8 billion dollars.
Norway gets its economic output from the shipping, fishing, aquaculture food processing, and shipbuilding industries in addition to petroleum and gas. Currently, the GDP per capita of the country is around $75 000. The country also has a high life expectancy of 83 years more than a decade higher than the global average.
Ireland relies heavily on exports, Ireland’s top exports are chemicals like packaged medicaments. Its exports are worth more than its GDP which is the case in only seven other countries.
Ireland’s exports are worth almost 20% more than its Gross domestic product of more than 320 billion dollars.
The country also has one of the fastest-growing economies with a 7.2 percent annual increase in its GDP. With a population of almost 5 million people, the GDP per capita of the country is approximately $79 000. It is also ranked high in access to basic medical care, public welfare, and personal rights.
Switzerland boasts some of the highest wages in the world putting its GDP per capita at $82 000 which plays a major role in it being the second Richest Countries in the world in 2021. Switzerland has an impartially diverse economy, gold makes up by a long shot the largest share of its exports, about a fourth of the country’s 285 billion dollars in exports in 2019 was in gold.
Despite being a relatively small country of fewer than 8.5 million people Switzerland is one of the countries that control a large share of the world’s gold and it boasts some of the world’s most exceptional social markers including access to government aides, social security, free media, secondary school enlistment, and greenhouse gas emissions.
With a landmass of just 998 square miles, there’s a lot of cash drifting around in Luxembourg which no doubt added to the country’s estimated 1.95 populace development in 2019.
Banking and financial services play a huge role in Luxembourg’s economy and it claims the number one spot is the richest country in the world with a GDP per capita of $115,000.