Top 10 Richest Countries in the World May 2024

Which country is the richest in the world? What comes to mind when you hear such a question?

Many will think of China, The United States, The United Kingdom, Germany, and many others. Let’s find the answer to ‘which country is the richest in the world.’

 In this article, we will make a list of the richest countries in the world according to their GDP per capita.

Gross Domestic Product(GDP) per capita is a measure of revenue earned from total goods and services produced per a given period(mostly year).

By measuring the GDP per capita of all the countries in the world, it is easy to rank them according to their wealth. It is important to remember that the  GDP per capita of a country is not the average wage of a person living there. For example, in 2019 the GDP per capita of the United States was $56,279.50 yet the annual average wage was $51,916.27 and $34,248.45 for the median wage. This is to mean that a country can be the richest but still have people in poverty and also a country can be poor and still have some rich citizens.

Here is the list of the richest countries in the world.

Richest countries in the world May 2024

The United States has the highest GDP per capita in the world with $ 69231.4 hence becoming the richest country in the world. The second one is China with a $12,359 GDP per capita.

Top 10 richest countries in the world May 2024

1.The United States

• U.S. GDP per capita – $69231.4
• U.S. GDP is $ 23.00 trillion
• U.S. population is  332 million

2.China

• China’s GDP per capita – $12,359
• China’s GDP is $14.72 trillion
• China’s population is 1.4 billion

3.Japan

• Japan’s GDP per capita – $40,193
• Japan’s GDP is $5.1 trillion
• Japan’s population is 125.8 million

4.Germany

• Germany’s GDP per capita – $46,252
• Germany’s GDP is $4.5 trillion
• Germany’s population 83.2 million

5.The United Kingdom

• U.K. GDP per capita – $40284
• U.K. GDP is $2.7 trillion
• U.K.  population is 67.2 million

6.France

• France GDP per capita 39,037
• France GDP is $2.6 trillion
• France population is 67.3 million

7.Italy

• Italy’s GDP per capita – $31,770
• Italy’s GDP is $1.8 trillion
• Italy’s population is 59.5 million

8.Canada

• Canada’s GDP per capita – $43,224
• Canada’s GDP is 1.6 trillion
• Canada’s population is 38.01 million

9.South Korea

• South Korea’s GDP per capita – $31,489
• South Korea’s GDP is $1.6 trillion
• South Korea’s population is 51.7 million

10.Russia

• Russia’s GDP per capita -$10,126
• Russia’s GDP is $1.4 trillion
• Russia’s population is 114.1 million

Review of the richest countries in the world May 2024

1.The United States

2.China

3.Japan

4.Germany

5.The United Kingdom

6.France

7.Italy

8.Canada

9.South Korea

10.Russia

Summary

Richest countries in the world

Article Name; Top 10 richest countries in the world

Description; The United States has the highest GDP per capita in the world with $ 69231.4 hence becoming the richest country in the world. The second one is China with a $12,359 GDP per capita.

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