The top 10 richest countries in World in 2024 by GDP per capita

 

GDP per person shows that how much money each person in a country has on average. It helps us to understand that people in a country are rich or poor.

GDP measures a country's economic well-being and its people's prosperity by evaluating the value of all goods and services produced over a specific period.

Gross Domestic Product (GDP) tells us that how well a country is economically and how well the peoples are doing of a country. It measures the value of all the things produced in a country over a certain period, usually a year or a quarter. When we talk about GDP per person, we take the total GDP of a country and divide it by the total number of people living there.

This helps us to see how much money per person has on average. It gives us an idea of whether a country's people are rich or poor.

The top 10 richest countries as of February according to the International Monetary Fund (IMF) are following:

1. Luxembourg - $140,312

2. Ireland - $117,988

3. Switzerland - $110,251

4. Norway - $102,465

5. Singapore - $91,733

6. Iceland - $87,875

7. Qatar - $84,906

8. United States - $83,066

9. Denmark - $72,940

10. Macao SAR - $70,135