the top economies in the world can be
ranked by many different metrics
on an absolute dollar basis the united
states and china have been battling for
some time for the top spot in the global
economy
as china inches ever closer however
since china has such a large population
its gross domestic product per capita
dwindles in comparison to the united
states and other countries
in fact you won't find china anywhere on
this gdp per capita list of the top 50
economies in the world
using data from the world bank and the
central intelligence agency
geo banking rates ranked the top
economies in the world on the basis of
gdp
per capita you might be surprised at
some of the results
including which nation was named as the
richest country
who knows you might even reconsider
where you plan to retire
20 united arab emirates gdp per capita
43 103 dollars and 32 cents
the united arab emirates has a
reputation for being a country of
immense wealth
so perhaps it's no surprise that it
ranks as the 20th wealthiest nation in
spite of its relatively small size
the federation of monarchies in the form
of individual emirates
relies on petroleum and petrochemicals
in addition to fishing
cement commercial ship repair and
textiles to run its economy
dates are an important agricultural
product 19
israel gdp per capita 43
641 dollars and 40 cents israel only
became an independent
country in 1948 but now it ranks as the
world's 19th largest economy in terms of
gdp per capita despite the country's
relatively small size
israel has a renowned high-tech industry
and it also produces wood and paper
products
potassium phosphates food beverages
tobacco
cut diamonds and many other diversified
products
18 belgium gdp per capita
sixteen 46 and seventy cents belgium has
an interesting form of government as
it's a federal parliamentary democracy
under a constitutional monarchy
rare among the top 50 global economies
the country has a diverse economy
producing engineering and metal products
transportation equipment scientific
instruments
processed food and beverages chemicals
pharmaceuticals
base metals textiles glass and petroleum
17 canada gdp per capita
46 194 dollars and 73 cents
canada has the largest land mass of any
country on the list
just edging out the united states in
size
however its population of 37.6 million
remains relatively small for such a big
country
wheat barley oilseed and tobacco are all
important agricultural products in
canada
other key gdp contributors include
transportation equipment
chemicals and minerals 16 germany
gdp per capita 46 258.88
the german economy is known for
producing some of the best automobiles
in the world
but germany also is among the world's
largest and most technologically
advanced producers of iron
steel coal cement chemicals machinery
vehicles machine tools electronics food
and beverages
ships and textiles 15. finland
gdp per capita 48 685 dollars and 85
cents
finland is one of six countries in the
nordic region that rank in the top 15
when it comes to gdp per capita
finland's economy relies on metals and
metal products
electronics machinery and scientific
instruments
shipbuilding pulp and paper foodstuffs
chemicals
textiles and clothing agricultural
products in finland
include dairy cattle fish barley wheat
and sugar beets
14. austria gdp per capita
50 277 dollars and 28 cents
austria is a gorgeous country and
tourism helps boost the country's gdp
construction machinery vehicles and
parts
food metals chemicals lumber and paper
and electronics also contribute their
share
the federal parliamentary republic
produces grains
potatoes wine fruit dairy products
pigs cattle and poultry 13.
sweden gdp per capita 51
and seven cents sweden is another nordic
country with a gdp per capita among the
highest in the world
the biggest contributors to its economy
include iron and steel
precision equipment wood pulp and paper
products processed food and motor
vehicles
barley wheat sugar beets meat and milk
round out the agricultural side of the
economic equation for sweden
12 netherlands gdp per capita
52 447.
the netherlands relies on agro
industries metal and engineering
products
electrical machinery and equipment
chemicals petroleum
construction microelectronics and
fishing to power its economy
vegetables ornamentals dairy poultry and
livestock products are the main
agricultural contributors to the
country's economy
11. greenland gdp per capita
54 470
perhaps one of the most surprising
entries on the wealthiest nations list
is greenland
the largest island in the world only 15
of the country is deemed habitable with
the rest covered by mighty glaciers and
ice sheets
the parliamentary democracy is powered
by fish processing
and north aside in ruby mining
handicrafts hides and skins
and small shipyards its agricultural
production is dominated by fishing
sheep cattle and reindeer 10 australia
gdp per capita 54 907 dollars and 10
cents
australian beef is widely known as one
of the country's signature products but
the nation
also relies heavily on the mining
industry to produce a high gdp per
capita that makes it one of the 10
richest countries
other contributing industries include
industrial and transportation equipment
food processing chemicals and steel top
agricultural products in australia
include wheat
barley sugar cane and fruits 9.
denmark gdp per capita 59
822 dollars and nine cents denmark has
an advanced economy that benefits from
many diverse industries
wind turbines pharmaceuticals medical
equipment
shipbuilding and refurbishment iron
steel and non-ferrous metals are key
contributing industries but the country
also produces
chemicals machinery and transportation
equipment
textiles and clothing electronics
furniture and other products
eight qatar gdp per capita
64 781.77
perhaps surprisingly the absolute
monarchy of qatar comes in at number
eight on the list of the top 50 gdps per
capita in the world
while well known as a producer of oil
and natural gas
qatar also gets major contributions to
its gdp from the cement
commercial ship repair ammonia and
fertilizer industries
7 singapore gdp per capita
65 and 28 233.28
tiny singapore has a diversified economy
that benefits from the country's
location at the center of a major
shipping route
at just 278 square miles the country is
one of the smallest in the study
but it's known for a wide variety of
things from electronics
chemicals financial services oil
drilling equipment and petroleum
refining to biomedical products
scientific instruments processed food
and beverages
and telecommunication equipment
befitting of singapore seaside location
companies also perform ship repair and
offshore platform construction
and the country takes part in ontrapo
trade
6. united states gdp per capita
65000 280.68
the united states fits the largest
population on the list into the second
largest land mass
it has a highly diversified economy with
the second largest industrial output in
the world
the main industries in the u.s encompass
everything from petroleum
motor vehicles and steel to aerospace
and telecommunications
numerous agricultural products including
wheat
corn fruits vegetables dairy and forest
products
also serve to boost the country's gdp
5. iceland gdp per capita
66 944 dollars and 83 cents
iceland has seen a tourism boom since
2010 with the growth in annual visitor
numbers registering in the double digits
for much of the decade
however more traditional industries such
as fish
processing aluminum smelting geothermal
and hydropower
all pitch in to make iceland one of the
top five economies in the world
4. norway gdp per capita
75 419 dollars and 63 cents
norway is one of the wealthiest
countries on earth which was
proved when it surpassed the 1 trillion
mark in its sovereign wealth fund in
2017.
norway gets its economic output from the
shipping fishing
aquaculture food processing and
shipbuilding industries
in addition to petroleum and gas 3.
ireland gdp per capita 78
660.96 ireland is known for its beef
potatoes and dairy products and its beer
but a diversified collection of
industries lifts the tiny nation's gdp
into the top three in the world
pharmaceuticals chemicals medical
devices and computer hardware and
software are big contributors to
ireland's economy
2. switzerland gdp per capita
81 993.73
when you think of switzerland you might
think of banks and watches
this is more than a stereotype as both
of these industries help propel the
swiss economy into the top two globally
switzerland also produces grains fruits
vegetables
meat eggs and dairy products not to
mention chocolate
1. luxembourg gdp per capita
114 704.59
with a land mass of only 998 square
miles there's plenty of money floating
around in luxembourg which no doubt
helped contribute to the nation's
estimated 1.95
population growth in 2019. banking and
financial services play a huge role in
luxembourg's economy but to claim the
number one spot is the richest country
in the world
the constitutional monarchy's economy is
necessarily diversified
construction real estate services metals
and information technology all play an
important role in the country's economy
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