The richest country in the world depends on how you define "richest." Luxembourg is considered the wealthiest country based on GDP per capita, with a figure of $143,742 thousand, according to the IMF. This is due to its strategic location in central Europe and its strong financial services sector. However, Monaco is the richest country in the world based on GDP per capita with a value of $234,317 thousand.
The World Population Review states that Monaco is the richest country in the world, while Global Finance Magazine cites Switzerland as the richest based on the mean average wealth per capita, as per the 2023 Global Wealth Report by Credit Suisse.
Ultimately, determining the "richest" country requires specifying the criteria used for comparison.
