The Richest Countries in the World 2022

As it does every year, Global Finance has released its list of the 10 richest countries in the world. We might have expected to see some of the “most powerful” countries on the list, but in reality, the top is dominated by small countries with strong financial sectors and other things that bring in a lot of money.

Here is where we can ask ourselves what makes a country “rich”. Global Finance answers the question: “Gross domestic product (GDP) measures the value of all goods and services produced in a country. However, dividing this value by the number of full-time residents is a better way to compare how rich or poor the population of one country is to that of another.” In the case of this year’s list, they say, the link between wealth and a small area is that the economies of these small countries are bigger than their populations.

When inflation is taken into account, the study looks at purchasing power parity (PPP). But this doesn’t necessarily mean that everyone in the countries at the top of the list has a lot of money. It’s also possible that a lot of the money belongs to the wealthy elites and that some people are struggling to keep their finances stable.

In fact, the study shows that many of the countries on the list mostly in Europe and Asia are tax havens. This means that their wealth comes from other countries, but the implications and legal practices end up making their GDP go up.

For example, Luxembourg is at the top of the list. It is known as a tax haven, and accounts can be opened in its banks from outside the country. Even so, it is a popular tourist destination because of its castles and high quality of life for its citizens. It was also one of the countries that weren’t as badly affected by the Covid pandemic.

Singapore is also a tax haven because capital gains and dividends are not taxed there. This is one reason why Eduardo Saverin, co-founder of Facebook, moved his money there and is now the second richest man in the world. The city is growing a lot and is becoming a major financial hub.

The rest of the list has countries with similar situations: there are financial opportunities that allow entrepreneurs and multinational companies to take advantage of how they see taxes and end up making investments. Most of the time, this helps local business owners more than regular people.

Here is a list of the 10 richest countries in the world 2022:

Luxembourg

GDP-PPP per capita: $140,694

Singapore

GDP-PPP per capita: $131,580

Ireland

GDP-PPP per capita: $124,596

Qatar

GDP-PPP per capita: $112,789

Macao SAR

GDP-PPP per capita: $85,611

Switzerland

GDP-PPP per capita: $84,658

United Arab Emirates 

GDP-PPP per capita: $78,255

Norway

GDP-PPP per capita: $77,808

United States

GDP-PPP per capita: $76,027

Brunei Darussalam

GDP-PPP per capita: $74,953 

The table of the World’s Richest Countries 2022 below: 

                                 World’s Richest Countries 2022

Rank

Country

GDP-PPP per capita ($)

1 Luxembourg 140,694
2 Singapore 131,580
3 Ireland 124,596
4 Qatar 112,789
5 Macao SAR 85,611
6 Switzerland 84,658
7 United Arab Emirates  78,255
8 Norway 77,808
9 United States 76,027
10 Brunei Darussalam 74,953
11 Hong Kong SAR 70,448
12 San Marino 70,139
13 Denmark 69,273
14 Taiwan Province of China 68,730
15 Netherlands 68,572
16 Austria 64,571
17 Iceland 64,621
18 Andorra 63,600
19 Germany 63,271
20 Sweden 62926
21 Australia 61,941
22 Belgium 61,587
23 Finland 58,010
24 Canada 57,812
25 Bahrain 57,424
26 France 56,036
27 Saudi Arabia 55,368
28 United Kingdom 55,301
29 Malta 54,647
30 South Korea 53,051
31 Kuwait 50,919
32 New Zealand 50,411
33 Italy 50,216
34 Israel 50,204
35 Japan 48,814
36 Slovenia 48,534
37 Cyprus 48,443
38 Czech Republic 47527
39 Lithuania 46,479
40 Spain 46,413
41 Estonia 44,778
42 Puerto Rico 42,759
43 Poland 41,685
44 Hungary 40,944
45 Portugal 40,805
46 The Bahamas 40,274
47 Aruba 39,508
48 Slovak Republic 38,620
49 Guyana 38,258
50 Turkey 37,488
51 Latvia 37,330
52 Romania 36,622
53 Croatia 36,201
54 Panama 36,085
55 Greece 35,596
56 Oman 35,286
57 Seychelles 35,272
58 Malaysia 32,901
59 Kazakhstan 30,502
60 Russia 30,013
61 Trinidad and Tobago 29,884
62 Maldives 29,133
63 Bulgaria 29,593
64 Chile 28,526
65 St. Kitts and Nevis 27,608
66 Uruguay 26,663
67 Argentina 25,882
68 Mauritius 25,043
69 Montenegro 24,878
70 Costa Rica 24,490
71 Dominican Republic 23,983
72 Serbia 23,904
73 Mexico 22,216
74 Antigua and Barbuda 21,890
75 Belarus 21,686
76 China 21,364
77 Thailand 21,057
78 North Macedonia 19,726
79 Botswana 19,287
80 Equatorial Guinea 19,036
81 Turkmenistan 18,857
82 Georgia 18,594
83 Libya 18,345
84 Iran 18,332
85 Grenada 18,293
86 Colombia 18,225
87 Gabon 17,848
88 Bosnia and Herzegovina 17,471
89 Barbados 17,408
90 Albania 17,383
91 Suriname 17,300
92 Brazil 17,208
93 Azerbaijan 17,153
94 Moldova 16,719
95 St. Lucia 16,509
96 Armenia 15,818
97 St. Vincent and the Grenadines 15,505
98 Sri Lanka 15,387
99 South Africa 15,361
100 Peru 15,035
101 Egypt 14,928
102 Indonesia 14,535
103 Dominica 14,491
104 Paraguay 14,430
105 Kosovo 13,964
106 Palau 13,652
107 Fiji 13,598
108 Mongolia 13,350
109 Algeria 13,002
110 Bhutan 12,967
111 Vietnam 12,881
112 Ecuador 12,664
113 Tunisia 12,300
114 Iraq 12,141
115 Jordan 11,861
116 Jamaica 11,802
117 Nauru 10,750
118 El Salvador 10,581
119 Namibia 10,448
120 Eswatini 10,411
121 Philippines 10,237
122 Guatemala 9,911
123 Bolivia 9,856
124 Uzbekstian 9,243
125 Lao P.D.R. 9,184
126 Morocco 9,041
127 India 8,358
128 Cabo Verde 7,740
129 Angola 7,360
130 Belize 7,147
131 Nicaragua 7,071
132 Mauritania 6,920
133 Tonga 6,783
134 Ghana 6,754
135 Honduras 6,740
136 Djibouti 6,667
137 Bangladesh 6,633
138 Pakistan 6,470
139 Côte d’Ivoire 6,345
140 West Bank and Gaza 6,243
141 Kenya 6,061
142 Venezuela 5,949
143 Samoa 5,935
144 Nigeria 5,853
145 Tuvalu 5,798
146 Kyrgyz Republic 5,562
147 Cambodia 5,493
148 Myanmar 4,776
149 São Tomé and Príncipe 4,681
150 Tajikistan 4,630
151 Nepal 4,578
152 Republic of Congo 4,578
153 Sudan 4,442
154 Cameroon 4,398
155 Papau New Guinea 4,299
156 Marshall Islands 4,192
157 Benin 4,137
158 Senegal 4,093
159 Zambia 3,776
160 Micronesia 3,650
161 Ethiopia 3,407
162 Tanzania 3,358
163 Comoros 3,555
164 Timor-Leste 3,339
165 Haiti 3,189
166 Lesotho 3,034
167 Guinea 3,029
168 Uganada 2,961
169 Vanuatu 2,851
170 Rwanda 2,808
171 Guinea-Bissau 2,784
172 Burkina Faso 2,663
173 The Gambia 2,646
174 Togo 2,599
175 Mali 2,575
176 Zimbabwe 2,523
177 Solomon Islands 2,385
178 Kiribati 2,148
179 Eritrea 2,101
180 Yemen 2,078
181 Sierra Leone 1,958
182 Liberia 1,779
183 Madagascar 1,778
184 Chad 1,705
185 Malawi 1,603
186 Mozambique 1,439
187 Niger 1,322
188 Somalia 1,316
189 Democratic Republic of the Congo 1,102
190 Central African Republic 928
191 South Sudan 953
192 Burundi 856
Afghanistan, Lebanon, Syria, Ukraine N.A.

Source: International Monetary Fund, World Economic Outlook April 2022

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