According to Forbes India, the world's richest country in 2024, based on GDP per capita (PPP), is Luxembourg.
Measuring National Wealth
When people ask about the "richest country," they are often referring to the economic prosperity of its residents. One common way to measure this is using Gross Domestic Product (GDP) per capita, adjusted for purchasing power parity (PPP). This metric gives an idea of the average income and purchasing power of an individual in that country.
Top Ranking in 2024
Based on the analysis by Forbes India titled "Top 10 Richest Countries In The World By GDP Per Capita In 2024", Luxembourg holds the top position for 2024.
The data from the reference highlights the following:
- #1 Luxembourg
- GDP-PPP per capita: 151,150 USD
Here's a snapshot of the top countries from the Forbes India list:
| Country | GDP-PPP per capita (in 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% |
This ranking indicates that, on average, individuals in Luxembourg have a significantly high level of economic output and purchasing power compared to other nations globally.
