6 Richest Countries In The World

The US, China, Japan, Germany, and the UK might have the largest economies in the world, but in order to truly measure the wealth of a country, you need to look at their Gross Domestic Product (GDP). This measurement takes into account average income, export revenue, and value of goods among other factors. A second measurement — Purchasing Power Parity (PPP) examines how the cost of items in one country compares to how much it costs in others. Given all of this, it is clear that merely having a large economy isn’t the only thing that matters, which explains why none of these five aforementioned countries rank among the richest when you factor in average income and quality of life. Don’t get us wrong; there are plenty of folks who can live a comfortable life in, say, Germany, but in terms of relative prosperity, the six countries on this list top all of these economic powers.

Luxembourg

Luxembourg might not be easy to find on a map, and you could be forgiven if you get it confused with Liechtenstein, an equally tiny hamlet of a country. When it comes to GDP per capita, no country in the world performs as highly as little Luxembourg, which stands at $120,962. Combine this with ridiculously low inflation (1.1%), low unemployment, and high income, and you’re looking at a model of complete economic stability.