The top 10 richest countries in the world, based on Gross National Income (GNI) per capita at the Atlas method, according to the World Bank, are as follows:
1. Liechtenstein: With a GNI per capita of $116,440, Liechtenstein takes the top spot as the richest country in the world. Despite its small size and population, Liechtenstein has a highly developed and prosperous economy, largely driven by its financial services sector.
2. Switzerland: Switzerland is renowned for its high standard of living and financial stability. With a GNI per capita of $90,600, it ranks as the second richest country in the world. The country is known for its strong banking sector, precision manufacturing, and high-quality exports.
3. Luxembourg: With a GNI per capita of $73,500, Luxembourg secures the third position. This small European nation boasts a highly developed and diversified economy, with a strong focus on finance, steel, and information technology.
4. Norway: Norway, with a GNI per capita of $83,880, ranks as the fourth richest country globally. Its wealth is primarily derived from its abundant natural resources, particularly oil and gas. The Norwegian government has effectively managed its petroleum revenue through its sovereign wealth fund, ensuring long-term prosperity for the nation.
5. Ireland: Ireland, with a GNI per capita of $76,110, holds the fifth position on the list. The country has experienced significant economic growth over the past few decades, attracting multinational corporations due to its favorable tax policies and skilled workforce. Ireland’s economy is driven by sectors such as pharmaceuticals, technology, and finance.
6. United States: With a GNI per capita of $70,930, the United States ranks as the sixth richest country in the world. As the world’s largest economy, the U.S. benefits from its diverse range of industries, including technology, finance, manufacturing, and entertainment.
7. Denmark: Denmark, with a GNI per capita of $68,300, secures the seventh position. The country has a highly developed welfare state, and its economy is characterized by a strong focus on renewable energy, pharmaceuticals, and high-tech industries.
8. Singapore: Singapore, with a GNI per capita of $64,010, ranks as the eighth richest country globally. Despite its small size, Singapore has transformed itself into a global financial hub and a major center for trade and commerce. The country’s strategic location, efficient infrastructure, and business-friendly policies have contributed to its economic success.
9. Sweden: Sweden, with a GNI per capita of $55,350, holds the ninth position on the list. The country has a high standard of living, a well-developed welfare system, and a strong focus on innovation and sustainability. Sweden’s key industries include automotive, telecommunications, and pharmaceuticals.
10. Australia: Australia, with a GNI per capita of $54,090, rounds out the top 10 richest countries in the world. The country’s wealth stems from its abundant natural resources, such as minerals, coal, and agricultural products. Additionally, Australia has a thriving services sector, including finance, tourism, and education.
These rankings highlight the economic prosperity and development of these countries, which have managed to leverage their resources, innovation, and favorable business environments to achieve high levels of wealth and well-being for their citizens.