10 Richest Countries in the World 2023

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Global Finance conducts an annual survey to find out the richest countries in the world using several indicators. The assessment uses per capita income, people's purchasing power and Gross Domestic Income (GDP).

The following is a list of the richest countries in the world in 2023:

1.Ireland

The number one richest country in the world is Ireland. Because the country of origin of the band The Script has received a lot of investment from global companies. It can be seen that Google, Meta, Microsoft, Apple and Pfizer have chosen to be based in Ireland.

The reason is to get low business tax incentives. Their presence contributes around 56% of the total added value of the Irish economy in 2022. In fact, that figure has increased rapidly by 53% from last year, you know!

2.Luxembourg

Luxembourg is actually a small country that was once in a weak position in Europe. It now has the second highest GDP per capita in the world at 93,000 Euros.

The minimum wage in this country, which is half the size of the island of Madura, is the second highest in the world, namely 1,923 euros per month, you know! The unemployment rate is also the lowest in Europe.

3.Singapore

The country of the Crazy Rich Asians is indeed very rich because it is a rapidly developing trade and financial center. It is also supported by its geographical location as a transit center for world sea and air traffic.

4.Qatar

Having the image of a very rich country, this assessment is true, but its position is still behind Singapore. Qatar's wealth is largely contributed by petroleum trade due to low domestic consumption.

The value of natural gas reserves, whose value exceeds that of the entire Asia Pacific, and petroleum of 25.2 billion barrels, adds to economic resilience. On the other hand, Qatar has just benefited from the large number of tourists watching the World Cup.

5.Macau

This small country is known to have many super luxurious hotels and casinos which are the main source of income. It is not surprising that Macau's position fell during the pandemic, but this year it has returned to the ranks of the richest countries.

6.United Arab Emirates

The UAE is on the list of the richest countries in the world because its GDP is relatively stable from year to year. Its GDP is 74,245 US dollars per capita with a relatively small population.

Now its resources are increasingly diversified to strengthen the country's economy. The tourism, construction, trade and finance sectors are the main industries for the UAE.

7.Switzerland

With a population of around 8.7 million people and green nature, Switzerland is a strong country that is comfortable to live in. The average wealth per adult in Switzerland is USD 700 thousand.

A large part of the Swiss economy is accounted for by banking services, tourism, and exports of pharmaceutical products, precision instruments (usually watches), and medical machines and computers.

8.Norway

The richest country in the world is known as the largest petroleum producer in Western Europe. The small population and good management of the country's economy make Norway rich.

So rich, the average 30 year old person in Norway already has an income of IDR 814 million per year.

9.United States of America

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Do you know? America only entered the 10 richest countries in the world in 2020 after two decades outside the top 10.

In contrast to other richest countries with small populations, America has 335 million people. Even so, the GDP income is very high.

10.San Marino

The fifth smallest country on the world map is actually the oldest republic in Europe but is less popular. With a population of only 34 thousand people, San Marino draws its income from the industrial, tourism and financial sectors.