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RANKED: The 29 richest countries in the world

RANKED: The 29 richest countries in the world
RANKED: The 29 richest countries in the world - Business Insider

Size doesn't always mean wealth when it comes to the world's richest countries, according to data published in April by the International Monetary Fund.

Taipei 101 Tower
Sean Pavone / iStock
Size doesn't always mean wealth when it comes to the world's richest countries, according to data published in April by the International Monetary Fund.

Twice a year the IMF releases a huge dump of data about the economic power of the world's nations, with gross domestic product (GDP) per capita a key statistic. The IMF ranks the world's countries according to their GDP based on purchasing power parity (PPP) per capita.

The PPP takes into account the relative cost of living and the inflation rates of the countries to compare living standards among the different nations.

The small countries that dominate the top ten all have small populations compared to countries that lead the world purely in terms of GDP — such as the United States, China, or Germany.

Most of these small nations heavily depend on immigrant workers who often do not reside in the country they are working in or are not granted resident status, and are therefore not counted in the GDP per capita calculations.

We've included all the countries with a GDP per capita higher than $45,000 per year. Check them out below.

29. France — $45,473

Versailles Hall of Mirrors
Jose Ignacio Soto / Shutterstock

28. United Kingdom — $45,565

White Cliffs of Dover
Ian Wilson/Flickr

27. Oman — $45,723

muscat oman
Shutterstock/lkpro

26. Finland — $46,342

northern lights over kuopio finland unsplash niilo isotalo
The Northern Lights over Kuopio, Finland.
Unsplash/Niilo Isotalo

25. Belgium — $48,258

Antwerp Belgium
Mapics/Shutterstock

24. Canada — $49,775

canada hockey crosby
Jeff Vinnick/Getty Image

23. Bahrain — $50,102

Bahrain
trabantos/Shutterstock

22. Denmark — $51,643

copenhagen bikes denmark
People biking along the lakes in Copenhagen, Denmark
Kristoffer Trolle/Flickr

21. Austria — $51,936

1 Salzburg europe fodor's
minnystock/Dreamstime.com

20. Australia — $52,190

melbourne australia
kitsada wetchasart/Shutterstock

19. Taiwan — $52,304

Taipei 101 Tower
Sean Pavone / iStock

18. Germany — $52,801

Germany FIFA World Cup 2014
Getty Images

17. Sweden — $53,077

Sweden Fans
Fans of Sweden ahead of the FIFA 2018 World Cup Qualifier between Sweden and France at Friends Arena on June 9, 2017 in Solna, Sweden.
Nils Petter Nilsson/Ombrello/Getty Images

16. Iceland — $54,121

Iceland1
Wow Air

15. Saudi Arabia — $55,859

saudi arabia
Shutterstock.com

14. Netherlands — $56,435

Netherlands tulips windmill
JeniFoto/Shutterstock

13. San Marino — $61,169

First Tower San marino
Guaita, the First Tower of San Marino
Shutterstock / Leonid Andronov

12. United States of America — $62,152

Mount Rushmore
Flickr / Zach Dischner

11. Switzerland — $63,379

Switzerland GDP
Getty Images

10. Hong Kong — $64,533

hong kong
A cityscape of Hong Kong is see from the Peak on August 8, 2000, moments after sunset.
Bobby Yip/Reuters

9. Kuwait — $66,673

kuwait city
meSohrab/Flickr

8. United Arab Emirates — $68,662

jet pack in abu dhabi
An aerial view taken from a sea plane shows Swiss pilot and original Jetman Yves Rossy and Vince Reffett flying over Dubai's Palm Island, Dubai, United Arab Emirates
Lara Sukhtian

7. Norway — $74,065

Norway's team supporters hold a giant national flag during their 2012 IIHF men's ice hockey World Championship game with Latvia in Stockholm May 12, 2012.
Norway's team supporters hold a giant national flag during their 2012 IIHF men's ice hockey World Championship game with Latvia in Stockholm May 12, 2012.
Reuters

6. Brunei — $79,726

brunei flickr bvi4092
Sultan Omar Ali Saifuddien Mosque, Brunei.
Flickr/bvi4092

5. Ireland — $79,924

Ireland
Stefano_Valeri/Shutterstock

4. Singapore — $98,014

singapore port
Singapore's port.
Wikimedia Commons

3. Luxembourg — $110,870

Luxembourg 3
Will Martin/Business Insider

2. Macau — $122,489

macau unsplash healthycliff Syndor
Unsplash/Healthycliff Syndor

1. Qatar — $128,702

Doha Qatar
A traditional dhow floats at the Corniche Bay area as tall buildings of the financial district provide a back drop, a day ahead of the start of AFC Asian Cup soccer tournament in Doha, Qatar, Thursday Jan. 6, 2011.
AP Photo/Saurabh Das
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