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What Is the Richest Country in 2024? Discover the Top Ranked by GDP Per Capita

What Is the Richest Country in 2024? Discover the Top Ranked by GDP Per Capita

Understanding "Richest" via GDP per Capita

When people say "richest country," they usually refer to GDP per capita (PPP)—which measures economic output per person adjusted for cost of living. It's not about total wealth like the US leads in overall GDP, but rather how affluent each citizen is on average.

And this often gives surprising results: small, well-developed nations can outrank larger economies. Let’s dive into the top contenders for 2024.

Top 5 richest countries by GDP per Capita (PPP) in 2024

1. Luxembourg

Luxembourg again takes the top spot, with around $143,700 GDP per capita PPP as.com+1forbesindia.com+1indianexpress.com.
This tiny European nation thrives on finance, EU institutions, and high-end services.

2. Macao SAR

Next is Macao at approximately $134,100 en.wikipedia.org+3indianexpress.com+3visualcapitalist.com+3. Its economy centers around tourism and gaming—mostly casinos.

3. Ireland

Europe’s tech hub follows with about $134,000 GDP per capita PPP visualcapitalist.com+13indianexpress.com+13worldatlas.com+13. Low corporate taxes and global firms have made it a mega success.

4. Singapore

Southeast Asia’s financial heavyweight lands at roughly $133,740 en.wikipedia.org+11indianexpress.com+11worldatlas.com+11. Known for its business-friendly policies and strategic trade position.

5. Qatar

Qatar, fueled by oil and gas, rounds out the top five at about $112,280 theaustralian.com.au+11indianexpress.com+11forbesindia.com+11.

So yeah, these countries reign supreme in 2024 when it comes to GDP per person.

Why small countries dominate per-capita rankings

Small populations, big income

Countries like Luxembourg and Macao have only hundreds of thousands to a few million residents, meaning high GDP is spread over fewer people.

Specialized economies

  • Luxembourg: global banking, EU.

  • Macao: gaming and tourism.

  • Ireland/Singapore: tech/logistics hubs with foreign investment.

  • Qatar: petroleum wealth.

These niches lead to very high output per resident—without massive populations.

What about larger economies?

United States

The US has the world’s largest total GDP (~$29 trillion) en.wikipedia.org+6businessinsider.com+6indianexpress.com+6worldatlas.com+5indianexpress.com+5visualcapitalist.com+5worldatlas.com+1worldometers.info+1, but in per-capita terms, it's around $85,000—placing it roughly 9th or 10th indianexpress.com+1worldpopulationreview.com+1. Still impressive, but not at the very top.

EU average

As a bloc, the EU sits at around $62,660 per person en.wikipedia.org—benefiting from members like Luxembourg, but averaged out with all others.

Caveats: GDP per Capita is not everything

  • Doesn’t show income distribution. Large disparities can exist even in rich countries.

  • Non-monetary aspects like healthcare, education, work-life balance, and personal freedom are left out.

Still, as a headline metric for “richest nation per person,” it's widely accepted.

Final thoughts: small can be mighty

So, the richest country in 2024 by GDP per capita?
Luxembourg.
Followed by Macao, Ireland, Singapore, and Qatar visualcapitalist.comen.wikipedia.org+6investopedia.com+6en.wikipedia.org+6as.comvisualcapitalist.com+4indianexpress.com+4as.com+4.

Yes, the US is massive—and wealthy—but smaller, specialized countries often lead per individual. Wealth isn't just about scale—it’s also about efficiency and focus.

Ultimately, if you're curious about where people likely enjoy the highest average income, start with Luxembourg.

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Is 172 cm good for a man?

Yes it is. Average height of male in India is 166.3 cm (i.e. 5 ft 5.5 inches) while for female it is 152.6 cm (i.e. 5 ft) approximately. So, as far as your question is concerned, aforesaid height is above average in both cases.

Is 165 cm normal for a 15 year old?

The predicted height for a female, based on your parents heights, is 155 to 165cm. Most 15 year old girls are nearly done growing. I was too. It's a very normal height for a girl.

Is 160 cm too tall for a 12 year old?

How Tall Should a 12 Year Old Be? We can only speak to national average heights here in North America, whereby, a 12 year old girl would be between 137 cm to 162 cm tall (4-1/2 to 5-1/3 feet). A 12 year old boy should be between 137 cm to 160 cm tall (4-1/2 to 5-1/4 feet).

How tall is a average 15 year old?

Average Height to Weight for Teenage Boys - 13 to 20 Years

Male Teens: 13 - 20 Years)
14 Years112.0 lb. (50.8 kg)64.5" (163.8 cm)
15 Years123.5 lb. (56.02 kg)67.0" (170.1 cm)
16 Years134.0 lb. (60.78 kg)68.3" (173.4 cm)
17 Years142.0 lb. (64.41 kg)69.0" (175.2 cm)

How to get taller at 18?

Staying physically active is even more essential from childhood to grow and improve overall health. But taking it up even in adulthood can help you add a few inches to your height. Strength-building exercises, yoga, jumping rope, and biking all can help to increase your flexibility and grow a few inches taller.

Is 5.7 a good height for a 15 year old boy?

Generally speaking, the average height for 15 year olds girls is 62.9 inches (or 159.7 cm). On the other hand, teen boys at the age of 15 have a much higher average height, which is 67.0 inches (or 170.1 cm).

Can you grow between 16 and 18?

Most girls stop growing taller by age 14 or 15. However, after their early teenage growth spurt, boys continue gaining height at a gradual pace until around 18. Note that some kids will stop growing earlier and others may keep growing a year or two more.

Can you grow 1 cm after 17?

Even with a healthy diet, most people's height won't increase after age 18 to 20. The graph below shows the rate of growth from birth to age 20. As you can see, the growth lines fall to zero between ages 18 and 20 ( 7 , 8 ). The reason why your height stops increasing is your bones, specifically your growth plates.