2025 List of Richest Countries in the World by GDP per Capita (PPP)

Amid the ever-changing dynamics of the global economy, knowing the richest countries in the world is an intriguing topic for many. A country’s wealth is often measured by Gross Domestic Product (GDP) per capita, which reflects the average income and living standards of its population.

In 2025, based on the latest data from the International Monetary Fund (IMF), several countries have managed to retain their positions as the richest in the world. Who tops the list? Let’s explore the list of 10 richest countries in the world in 2025 based on GDP per capita using purchasing power parity (PPP).

Also read: List of Developed and Developing Countries According to Global Economic Criteria in 2025

1. Luxembourg: A Small Country with Great Wealth

GDP per Capita: USD 154,910
Luxembourg once again ranks first as the richest country in the world in 2025. Although its land area is only half the size of Madura Island, this small European nation boasts a very prosperous economy. Luxembourg’s wealth is driven by a strong financial sector, including private banking and investment funds. Investor-friendly tax regulations make it a magnet for global corporations.

Moreover, Luxembourg is known for having the second-highest minimum wage in the world (1,923 euros per month) and a very low unemployment rate. Its wealth is also allocated to improving healthcare, education, and infrastructure, resulting in a very high standard of living for its citizens.

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2. Singapore: Asia’s Financial Hub

GDP per Capita: USD 153,610
Singapore, Indonesia’s neighbor, takes second place. As a global financial center, this city-state has a highly efficient economy with an annual GDP growth of 2.5%. The financial, trade, manufacturing, and tech sectors are the backbone of its economy.

Singapore is also known for its business-friendly policies, attracting many entrepreneurs and high-income individuals. Despite being affected by the pandemic and China’s economic slowdown, Singapore continues to show remarkable economic resilience.

3. Ireland: A Corporate Tax Haven

GDP per Capita: USD 103,500
Ireland ranks third with an impressive GDP per capita. It attracts multinational companies such as Apple, Google, and Microsoft thanks to its low tax policies.

Over 50% of its economic growth comes from global corporate investment. Post-2008 financial crisis reforms, such as public sector wage cuts, have also strengthened Ireland’s economy. With a population of just around 5 million, Ireland has created a highly advanced open economy.

4. Switzerland: Excellence in Banking and Innovation

GDP per Capita: USD 98,140
Switzerland, known for its stunning natural landscapes, ranks fourth. Its economy is supported by a secure banking system, pharmaceutical industry, and high-tech manufacturing. Despite a relatively small population (8.7 million), Switzerland has an average wealth per adult of USD 700,000.

Tourism, precision watch exports, and medical instruments also contribute significantly. With an annual GDP growth of 1.3%, Switzerland shows consistent economic stability.

5. Norway: Wealth from Oil and Gas

GDP per Capita: USD 106,540
Norway, a Scandinavian country rich in natural resources, ranks fifth. Oil and gas are the main contributors to its wealth, along with sustainable resource management.

Norway also has the largest sovereign wealth fund in the world, valued at USD 1.3 trillion, used for emergency situations. Its strong social welfare system makes Norway one of the countries with the highest quality of life.

6. Qatar: The Middle East’s Energy Giant

GDP per Capita: USD 118,760
Qatar ranks sixth due to having the third-largest natural gas reserves in the world. With a small population, wealth from oil and gas results in a very high standard of living.

Qatar has also invested heavily in infrastructure, with the 2022 World Cup boosting tourism and construction. However, economic inequality remains a challenge as many foreign workers contribute to GDP without citizenship.

7. United States: The World’s Largest Economy

GDP per Capita: USD 89,680
As the largest economy in the world, the United States (US) ranks seventh. The tech (Silicon Valley), healthcare, retail, and manufacturing sectors are key drivers.

Although its GDP per capita is lower than smaller countries like Luxembourg, the US has a large population (332 million) and military power that supports its economic dominance. Its entrepreneurial culture and tech innovation continue to fuel US growth.

8. Brunei Darussalam: Wealth from Oil

GDP per Capita: USD 95,040
Brunei Darussalam, a small neighbor of Indonesia, ranks eighth on this list. Its wealth comes from abundant oil and gas production.

However, economic inequality remains an issue, with part of the population not equally benefiting from this wealth. Brunei is working to diversify its economy to reduce dependency on natural resources.

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9. Guyana: South America’s New Star

GDP per Capita: USD 91,800
Guyana, a South American nation, is a surprise entry. The discovery of massive oil reserves since 2019 has transformed Guyana into one of the fastest-growing economies. The oil mining industry is the main driver, although the country still faces challenges in wealth distribution.

10. Denmark: Innovation and Welfare

GDP per Capita: USD 69,270
Denmark rounds out the list with a stable and innovative economy. Renewable energy, information technology, and biotech are key sectors. A strong welfare system, quality healthcare, and education give Denmark a high standard of living. It is also known as one of the safest countries in the world according to the Global Peace Index.

Why Isn’t Indonesia on the List?

Unfortunately, Indonesia has not made it into the top 10 richest countries in the world. According to IMF data, Indonesia ranked 102nd with a GDP per capita of around USD 15,855 in 2023.

However, with abundant natural resources and stable economic growth, Indonesia has strong potential to climb the rankings in the future. Support for local products and investment in the tech sector could be the key.