The world's richest country in 2024, based on GDP per capita, is Luxembourg.
According to the Forbes India article, Luxembourg leads with a GDP-PPP per capita of $151,150. This is significantly higher than other countries, solidifying its position as the wealthiest nation this year.
Top Richest Countries in 2024 (GDP-PPP per capita)
Here's a table summarizing the top four richest countries, based on the data provided:
| Rank | Country | GDP-PPP per capita (USD) | Annual GDP Growth Rate |
|---|---|---|---|
| 1 | Luxembourg | $151,150 | 1.3% |
| 2 | Singapore | $148,190 | 2.6% |
| 3 | Macao SAR | $130,420 | 10.6% |
| 4 | Ireland | $127,750 | -0.2% |
Key Insights from the Reference
- Luxembourg's Dominance: Luxembourg maintains its position as the wealthiest country by a notable margin, showcasing consistent high income levels.
- Singapore's Strong Growth: Singapore is a close second with a high GDP per capita, also experiencing robust economic growth at 2.6%.
- Macao SAR's Impressive Growth: Macao SAR's standout performance is highlighted by a high 10.6% annual GDP growth rate.
- Ireland's Economic Landscape: Ireland is a top contender in the list but with a slight contraction in growth (-0.2%) year on year.
These figures are based on GDP per capita adjusted for purchasing power parity (PPP), which provides a more accurate reflection of living standards by accounting for the cost of goods and services in different countries.
