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Combined, the top six major countries in Europe all had a GDP of more than $1 trillion (US$) in 2020 and tallied a collective GDP of $13.833 trillion (US$). These results make Europe's financial leaders some of the most productive countries on the planet. Top 10 Richest Countries in Europe by total 2020 GDP (current US$ - IMF)
- Luxembourg- $110,870 GDP per capita. The small, robust economy of landlocked Luxembourg benefits from year on year growth, low inflation and an equally low unemployment rate.
- Ireland - $79,925 GDP per capita. Despite a stumble in the final quarter of 2018 (triggered by a slowdown in domestic demands and a contraction in construction related investments), Ireland’s small, modern economy is still one of the strongest in Europe.
- Norway - $74,065 GDP per capita. Norway boasts one of the highest standards of living of any European country, and a similarly prosperous economy. Its developed, mixed economic structure is heavily dependent on natural resources, and it remains one of the world’s leading petroleum exporters, despite oil production showing a 50% decline since 2000.
- Switzerland - $63,380 GDP per capita. As one of the world’s biggest free market economies, Switzerland has seen healthy growth in the last few years. Most of this is down to a highly developed service sector, which includes one of the world’s most significant banking industries and a very robust tourism trade.
Below is a table of sovereign states in Europe by GDP (PPP) per capita in international dollars. Countries are ranked by their estimated 2023 figures. Note: transcontinental countries that are partly (but not entirely) located in Europe are also shown in the table, but the values shown are for the entire country.
Country2023143,304137,63889,53784,135People also ask
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Completing the top tier, we have Sweden, the Netherlands, and Austria, with respective GNIs per capita of $53,800, $53,000, and $51,400. These nations are characterized by their highly-skilled labor force, robust industries, and high living standards. 10 Richest Countries in Europe: Switzerland - $88.0K; Isle Of Man - $83.2K; Norway - $78.3K
Map of sovereign states in Europe by projected 2023 GDP nominal per capita based on USD exchange rate. The map data is for year 2023 using IMF data (WEO October 2023 Edition) GDP nominal per capita - current international dollar. [10] >$40,000 $15,000 - $40,000 <$15,000.
Richest Countries in Europe in 2023, Source: IMF GDP per capita, current prices. 20. Spain. Gran Via in Madrid, Spain. GDP per Capita: $33,090. Spain, situated between Portugal and France on the Iberian Peninsula, rounds out the list of the top 20 richest countries in Europe with its diverse and vibrant economy.
This is a sortable list of all European countries by their gross domestic product in billions of US dollars at market or official government exchange rates (nominal GDP), according to the International Monetary Fund. The economic and political map of Europe also includes: Turkey, Georgia, Armenia, Azerbaijan, Cyprus and Kosovo . Country. 2024 [4]
