When you go by GDP per capita PPP, these 10 countries come up as the richest as of July 2023:
Rank Country GDP-PPP per capita (in USD)
1 Ireland 145,196
2 Luxembourg 142,490
3 Singapore 133,895
4 Qatar 124,848
5 Macao SAR 89,558
6 United Arab Emirates 88,221
7 Switzerland 87,963
8 Norway 82,655
9 United States 80,035
10 San Marino 78,926
While smaller countries like Luxembourg and Singapore benefit from well-regulated financial sectors and tax regimes ideal for foreign investments into their economies, bigger and more powerful countries like the US and China rank lower in the list of wealthiest economies. Now, let’s explore each of the top 10 more closely.