NordenBladet – The GDP of Norway ranks as the second largest in the world. Back in 2017, Norway’s GDP registered as 74,571 USD and 2018 by Worls Bank report Norway was the richest.
By looking at the GDP per capita, or gross domestic product per capita, of each country around the globe, it is possible to rank countries based on wealth and then compare them to each other. From there, you can determine which countries are wealthiest and then list the countries in descending order, from richest to poorest. Here is the conclusive list of the top fifty richest countries in the world, starting with the wealthiest country… (The Nordic countries are highlighted in blod letters)
TOP50
1. Luxembourg (GDP per capita: $119,719)
2. Norway (GDP per capita: $86,362)
3. Switzerland (GDP per capita: $83,832)
4. Ireland (GDP per capita: $81,477)
5. Iceland (GDP per capita: $78,181)
6. Qatar (GDP per capita: $65,062)
7. The United States of America (GDP per capita: $64,906)
8. Denmark (GDP per capita: $63,434)
9. Singapore (GDP per capita: $62,690)
10. Australia (GDP per capita: $58,824)
11. Sweden (GDP per capita: $57,945)
12. The Netherlands (GDP per capita: $56,415)
13. Austria (GDP per capita: $54,606)
14. Finland (GDP per capita: $52,320)
15. Germany (GDP per capita: $51,642)
16. Hong Kong (GDP per capita: $50,216)
17. Belgium (GDP per capita: $49,095)
18. Canada (GDP per capita: $48,604)
19. France (GDP per capita: $45,586)
20. The United Kingdom (GDP per capita: $45,491)
21. Japan (GDP per capita: $41,834)
22. The United Arab Emirates (GDP per capita: $38,961)
23. Italy (GDP per capita: $36,061)
24. Korea (GDP per capita: $33,495)
25. Spain (GDP per capita: $33,151)
26. Puerto Rico (GDP per capita: $32,705)
27. Malta (GDP per capita: $32,130)
28. Brunei (GDP per capita: $30,297)
29. Cyprus (GDP per capita: $29,224)
30. Kuwait (GDP per capita: $28,394)
31. Slovenia (GDP per capita: $28,247)
32. Taiwan (GDP per capita: $26,309)
33. Bahrain (GDP per capita: $26,083)
34. The Czech Republic (GDP per capita: $25,468)
35. Portugal (GDP per capita: $24,312)
36. Estonia (GDP per capita: $24,043)
37. Saudi Arabia (GDP per capita: $22,368)
38. Slovakia (GDP per capita: $21,278)
39. Greece (GDP per capita: $21,274)
40. Lithuania (GDP per capita: $20,644)
41. Latvia (GDP per capita: $18,861)
42. Trinidad and Tobago (GDP per capita: $18,018)
43. Uruguay (GDP per capita: $17,772)
44. Oman (GDP per capita: $17,668)
45. Chile (GDP per capita: $16,914)
46. Hungary (GDP per capita: $16,852)
47. Poland (GDP per capita: $16,782)
48. Panama (GDP per capita: $16,576)
49. Croatia (GDP per capita: $15,878)
50. Romania (GDP per capita: $13,229)
Location is a major main player in the overall wealth of a country. Third-world countries in Asia, for example, do not rank very well when GDP is the variable in consideration. If access to certain items and necessities is restricted, then people are already working with a strong disadvantage. Places that are not war-stricken or already burdened with a less-than-ideal economy are not set up to do well in the competition of gross domestic products between countries.
This is why, when looking at the list of the wealthiest countries in the world, you’ll find that places where trade or massive production is a main source of income rank higher on the list. The poorer countries are less involved in global trading, and they are more independent in the sense that their direct involvement in international affairs is lesser than the wealthier countries. This is because money and power are so naturally interwoven, which contributes to the overall wealth and GDP of a country.
Featured image: Vågan, Norway (Pexels/Tobias Bjørkli)