Top 10 Richest Countries in the World by GDP per Capita in 2023
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9 January 2024 16:00 WIB
TEMPO.CO, Jakarta - The International Monetary Fund (IMF) annually publishes data on the Gross Domestic Product (GDP) per capita of all countries in the world. GDP per capita is a measure of a country's total economic output divided by the country's total population and is often used as an indicator of the welfare of the country's population.
The IMF calculates data for 237 countries across the globe. Here is a list of the ten richest countries in the world, starting from the country ranked tenth richest to the country ranked as the top in 2023, according to their per capita GDP:
10. Denmark
Denmark's GDP per capita reached US$66,393,635 (Rp1,006 billion). The country's national income is dominated by the manufacturing industry, such as electronics, textiles, and household furniture. Although it is a relatively modern country, Denmark, which is home to 5.93 million people, also relies on agriculture and fisheries.
9. Australia
Australia, which is the only country in the world that encompasses an entire continent, recorded a GDP per capita of US$68,023,152 (Rp1,031 billion) from a population of 26 million people by strengthening the economy in the fields of wheat farming, meat farming, and the wool industry. This kangaroo country is also developing telecommunications and mining.
8. Iceland
Despite having a population of only about 372,000 people, Iceland's GDP per capita is US$77,960,826 (Rp1,182 billion). This island nation in the North Atlantic Ocean region relies heavily on the maritime sector. Nicknamed "Snowland," the country also derives wealth from aluminum production and environmentally friendly hydroelectric power plants.
7. United States
The US is the world's largest economy with the second-largest reserves of natural resources. The IMF reports that the per capita GDP for the 331 million people of the US reached US$78,421,938 (Rp1,189 billion).
6. Singapore
Singapore was named one of the 10 richest countries in the world in 2023, as well as in Asia. The GDP per capita reached US$84,500,411 (Rp1,281 billion). Although its land area is not larger than Madura Island in East Java, Indonesia, the Lion Country can attract funds from foreign investment.
