Meet U.S. President Joe Bidens Granddaughter, Jimmy Kimmel Gives A Befitting Reply To Elon Musks Unsupported Theory On Paul Pelosi Attack, Is The Post Office Open on Halloween? As of 2015, Italy was already considered one of the wealthiest European states. . If you would like to change your settings or withdraw consent at any time, the link to do so is in our privacy policy accessible from our home page. 10 wealthiest countries in the Asian Continent in 2022, Richest Country in Africa 2022: Top ten list, Top 10 Richest Cities in the World 2022 Forbes list, Top 10 richest fashion designers in the world 2022, Richest Celebrity in The Philippines 2022 (Top 10), Richest football players in Uganda 2022 list, Richest UK musicians 2022 Sunday Times Rich List, Richest Footballers in Africa 2022 Top 10 List. As with other Nordic countries, there is a strong sense of responsibility in the government, which provides a lot of subsidies to citizens. The nations official languages are Luxembourgish, French, and German. July 4, 2022 According to a research report published by the research wing of McKinsey & Co, China has dethroned the US to become the world's richest country. Lastly, here are the 10 wealthiest countries in the Asian Continent in 2022. Another important sector in the economy of Switzerland is Pharmaceuticals; there is plenty of investment in the Swiss pharmaceutical industry. Many of these countries have also invested significantly into future technology such as clean energy, so as to guarantee that they continue to enjoy this stability in the future. Monaco - $190,513 The principal industries of Monaco are the banking sector and tourism. The most impressive thing about this country is that its economy has remained stable for several decades now, and the country owes it to its steady government rule. Recently, Russia is expanding its business in oil and coal, mining, digesting precious metals and precious gems, aircraft development, aerospace generation, the military system, weapons, electric powered engineering, auto industry, highway, and cultivation. Netherlands is not just one of the richest European countries, they have one of the best infrastructures as well. The United Kingdom has quite a number of things that help them generate revenue and grow the countrys economy. As per the report, the total global wealth witnessed a 300% increase in the past 20 years from $156 trillion in 2000 to $514 trillion in 2020. They are heavy on natural resources and other sources of wealth. is located in the North Atlantic, its capital city is Reykjavik. The Bahamas 45. Russia has a GDP growth estimated to be around $1.5 as of 2020. However, there are still some European countries that are yet to attain the rich status. . Save my name, email, and website in this browser for the next time I comment. The nominal GDP of this country ranges over $2 trillion. Today, we shall list the top 10 richest countries in Europe by GDP per capita from the year 2021 to 2022. Puerto Rico 41. Showing 1 to 10 of 25 entries. this is top 10 richest countries in the world (2021-2022)#countries #top #rich #world Nov 09, 2022 (The Expresswire) -- Short Summery About "Seborrheic Keratosis Market" Size in [ 2022 2028 ] Secondly, its GDP is very high as most people who work in Luxembourg reside in the neighboring European countries. Paris, the countrys capital, attracts millions of tourists from all over the world every year. As of today, Switzerland does business with other counties within and outside Europe. Save my name, email, and website in this browser for the next time I comment. Here are the top ten wealthiest countries on the continent. Switzerland has one of the finest economies in Europe. List Of Companies In Canada Hiring Foreign Workers (2022), Top 10 Cheapest Grocery Stores In Toronto (2022), Top 10 Richest Indians In Australia (2022), Top 10 Poorest Cities In The World (2022). Luxembourg is a rich country because of its low inflation rate of 1.08%. Top 10 Strongest And Most Powerful Countries in Europe Currently 1. The country is also known to have a very fine variety of wines. As of 2020, Germanys GDP was worth $8.3 trillion. Mukesh Ambani is the chairman and CEO of Reliance Industries, the world's largest oil refiner and one of the most valuable firms in the world. But even though the counties mentioned in this post have proven to be rich and economically successful, that doesnt change the fact that they may experience a few economic problems. The premise is that rich countries have rich citizens, and rich citizens have money with which to enjoy a high standard of life. Many countries in Europe are quite rich and successful. Is Europe the largest continent in the world? https://www.instagram.com/ethiopianstoday1, https://www.pinterest.com/ethiopianstoday, https://www.youtube.com/channel/UC8CrAEUV9Buhu1qaKgptscQ, https://news.google.com/publications/CAAqBwgKMMf5qQswuYTCAw, Kanye West to Buy Conservative Social Network Parler, North Korea fires ballistic missile towards East Sea: S Korea, Lunar eclipse 2022: Spectacular Blood moon happens for the last time in years as it happened, Man United boss Ten Hag says tactics were stupid in Aston Villa defeat. It boasts a high degree of innovation and a comparatively low level of corruption. They make a lot of money off their natural resources and they have healthy economic relationships with other successful countries. The country has a GDP Per capita of about $74,065 which undoubtedly makes it not only one of the richest countries in Europe but the world generally. 3) Japan The East Asian island nation is the 3rd richest country in the world according to the International Monetary Fund. Serena Williams Husband Alexis Ohanian Hits Back, Drake Called Him Groupie In New Album, Make Up Artist and Face Off Star Laney Chantal Found Dead at 33, Cause of Death Explored, Jacob Elordi To Lead The Narrow Road to the Deep North. Aside from the countrys natural resources, Turkey also generates revenue from things like fabric and fashion. GNI also includes money that enters or leaves the country through international business transactions, which lessens the degree to which the metric is distorted by tax sheltering activity. In all of Europe, Russia is well respected and considered an economic power. It's the 2nd on the list of the top 10 richest countries in the world in 2022. The country has strong Scandinavian ties, and the official language is Icelandic. Ireland is a small country in North-western Europe, with its capital city being Dublin. Twitter https://www.twitter.com/caalaadd Cyprus 36. Estonia 40. The United Kingdom, the island nation of Europe, consists of four countries-- England, Scotland, Wales, and Northern Ireland. Austria still has a lot of potential in banking, manufacturing, agriculture, technology, and services- which provides about 70% of the countrys GDP. Here're some facts about San Marino: The quality of life of the country is considered excessive. They have been building their wealth for more than 150 years and counting. Due to its work on renewable energy, Sweden is one of the worlds greenest economies. Other sectors, too, contribute to the increasing economy of Norway. Top 10 Richest Countries in Europe 2022 ranked by GDP per capita. Iceland is a model of economic management. Enhancing this popularity, Sweden's largest metropolis is the backdrop for one of the most celebrated crime novel series in recent memory, Stieg Larsson's The Girl With The Dragon Tattoo. As such, Russia is typically considered aEuropean country. Will Kamala Harris run for president in 2024? The country trades majorly with France, Italy, Germany, and Austria within the continent and the United States of America outside it. Austria has since benefited from these new strategic alliances and has since become one of the richest countries in Europe. Who is Natalie Biden? Towns such as Zurich and Geneva in the Netherlands have been ranked as the best cities in the world in terms of quality of life. $ 61,910 GNI per capita that places it among the richest countries in Europe. The European nation is ranked 5th on the list of the wealthiest nations in the world. Private banking and financial sector are very strong in the country allowing its people to enjoy a high standard of living. The country has a healthy GDP growth which is estimated to be almost $800 billion. Austria has For a long time been ranked alongside the worlds richest countries. Besides this, the United Kingdom is also one of the biggest tourism hubs. The tourism of Switzerland is yet another department which brings the country a lot of wealth. T. Luxembourgs economy is well managed, and benefits from year on year growth. The fortunes of Austria have been for a long time intertwined with that of Germany. Save my name, email, and website in this browser for the next time I comment. Singapore. Luxembourgs financial services industry accounts for 35% of the nations GDP. Ireland does not burden its citizens with excessive taxes, and this enables them to invest further in the economy. There are many employment opportunities available for people of all ages. The richest countries in Europe are mostly industrialized countries with abundant energy resources. The remaining revenue comes from the manufacturing and industrial sector, energy sector, and agriculture. While GDP measures the value of goods and services produced and sent out of the countrys economy (though most are sent out to domestic customers), GNI measures the value of all the income brought in to the country by those products and services. 5.United Kingdom. Britain has a total of $2.8 trillion in GDP, making it one of the wealthiest countries on the continent. With a GDP per capita of 135,682.8, Luxembourg is the second richest country in Europe. The country has an area of 70,273 kilometres square, and a GDP Per capita of $77,450. Ireland is one of Europes richest countries by GDP per capita. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); We're a Digital Platform offering the Latest Updates and News from Entertainment, Technology, Lifestyle and Food Industry. China. With more than 50 countries and non-country territories, many of which boast millennia of global influence, its no surprise thatEuropeincludes some of the most affluent countries on Earth. Top 10 Richest Countries In Europe 1. * Known for being thelargest country in the worldin terms of size, Russia is a transcontinental country. The GDP Per Capita of Luxembourg is $110,870, and the country is quite well known for the quality of life of its citizens. Of the seven continents in the world, Europe is undoubtedly the most developed, and definitely the one with the highest number of richest countries. The GDP Per Capita of Luxembourg is $110,870, and the country is quite well known for the quality of life of its citizens. The Netherlands has benefited from abundant natural gas deposits, but before that, there was industry, chemicals, machinery, agriculture, and services. Most of the countrys past leaders as well as the present one have worked really hard to ensure that Germanys GDP remains one of the highest, not only in Europe but in the world. 1 Luxembourg (GDP per capita: $119,719) In 2025, we predict that Luxembourg will be the richest global GDP economy (at market exchange rates). According to McKinsey & Co, the top richest countries in the world areChina, the United States, Germany, France, the United Kingdom, Canada, Australia, Japan, Mexico, and Sweden. If Spain is not on this list, then we probably didnt carry out our research properly. It has varied sectors of income that together make it one of the wealthiest countries not only in Europe, but worldwide. We expand on these important factors in the concluding part of this article. You have entered an incorrect email address! Besides, it also engages a stable labor force to sustain its economic prosperity. More importantly, France does business with many other states across Europe. 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