Richest Countries of the World 2021 | Look How Much GDP do They Have?

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Richest Countries of the World 2021 | Look How Much GDP do They Have?
Meenakshi Thakur
The most creative person on the team, Meenakshi, adds colors to her content with new vision and ideas. She brings unseen insights to the content team with her 3+ years of experience in Digital Marketing. Apart from being cheerful and chirpy all day, she loves to explore the beauty of nature in her Biology laboratory.

There are 195 countries in the world. Some with a small area while others with a large population. But, do you know which is the richest country among these 195 countries of the world? Curious enough to know? It’s time to leave your curiosity as we have got the list of the Top 15 richest countries of the world.

What comes to your mind when you think of a country to be the richest? A lot of trade? Rich people? larger area? Developed country? But that is just a myth! All this is not the requirement to be the richest country in the world. And that is why most of the developed countries with huge industrial setup doesn’t even appear on the list.

Though the USA has produced a number of the richest man in the world, yet this time, this country is not at the top to be the Richest Countries of the World. Instead, the richest country of the world is Luxembourg with a GDP of as much as $119,719 in 2021.

It was just the number one, but what about the others? How to determine which country is the richest and which is not? Well, it can be done on a different basis and one such way is based on GDP. After all, there is no clear data about how much the citizens of those countries earn. And, the list below is based on a similar perspective. Dive below to know about them in detail.

Richest Countries of the World

Many countries have products a lot of Billionaires. Be it countries like China or America, all have proved their potential in the international market. But, you will be shocked to know that the leading powers like China and Russia don’t appear in the list of top 15.

The list of the top 15 Richest countries of the world includes:

S. No.Country GDP in $
1.Luxembourg119,719
2.Singapore97,057
3.Ireland94,392
4.Qatar93,508
5.Switzerland72,874
6.Norway65,800
7.United States63,416
8.Brunei Darussalam62,371
9.Hong Kong SAR59,520
10.Denmark58,932
11.United Arab Emirates58,753
12.San Marino58,427
13.Netherlands57,534
14.Macao SAR56,078
15.Iceland55,596

Here is the detailed description of these countries along with clear data of their GDP, GDP per Capita, their specialties, and how they manage to be on the top of the list.

1. Grand Duchy of Luxembourg

Luxembourg: Richest Countries of the World in 2021
Source: Viator
  • GDP: $119,719
  • GDP per Capita: $1,14,700

What are its Specialties?

Apart from being the richest country of the world, Luxembourg is the safest country in the world too. The country has just 2 prisons and mere 1300 policemen.

Isn’t this Amazing?

What is its Major source of Revenue that made it to be the world’s richest country?

The major source of revenue of Luxembourg is the Banking sector, steel, and industrial sectors.

The tourism in the state is also apt and is known as the “Green Heart of Europe”. The lavish pastoral lands of the place perfectly co-exist and highlight the industrial area of the state.

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2. Singapore

Hong Kong turmoil triggers Singapore fund licence surge | Financial Times
Source: Financial Times
  • GDP: $97,057
  • GDP per Capita: $58,484 

What are its Specialties?

If you live in Singapore, you probably don’t know what dirty streets mean.

The country is famous for its cleanliness and the responsibility of the citizens towards it. Apart from this, the 2nd richest country in the world is also known for its strict rules against drooling, cluttering, and public urination- you might get punished.

What is its Major source of Revenue that made it to be the world’s richest country?

Like most of the Governments of the world, the major source of revenue of the country comes through taxes.

The taxes come to form the income, property, excise, and customs duties, as well as GST. Also, taking charges for the service that the government provides.

3. Ireland

The Top 7 Ancient Sites in County Tipperary - Shamrock Craic
Source: ShamrockGift.com
  • GDP: $94,392
  • GDP per Capita: $77000 

What are its Specialties?

How wouldn’t you like a place to visit with on-land beauty with an also amazing scenic view?

Ireland has to be on your list with this one.

The colorful city is filled with pubs which can be a great hub for socializing, having a good time with your friend, and just have a truckload of fun there!

What is its Major source of Revenue that made it one of the richest countries of the world 2021?

Much to everyone’s surprise, Ireland has a diverse economy. Hence, having a diverse source of income contributing to its GDP.

However, the leading industries that contribute a major amount to the GDP of the country are the Machinery and equipment manufacturing and developing industry, food processing industry, textile, and electronics manufacturing industry. 

Other industries which also contribute to the GDP are the papermaking industry, furniture manufacturing, aerospace and shipbuilding are vital industries contributing to the GDP.

4. Qatar

Qatar: 4th Richest Countries in the World in 2021
Source: Financial Times
  • GDP: $93,508
  • GDP per Capita: $52,751 

What are its Specialties?

Qatar is famous for its rapid growth as a nation.

An intriguing thing about Qatar is before they found their oil mines, the people of the nation used fishing and pearl hunting as their major source of income.

And then, destiny took a turn.

The nation is also hosting the FIFA world cup 2022 being the first Islamic country to do that ever in history!

What is its Major source of Revenue that made it to be the world’s 4th richest country?

The major sources of revenue of the country are the petroleum and natural gas reservoirs. They are the building stones of the nation’s GDP also contributing to more than 70% of the nation’s gross domestic product.

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5. Switzerland

Switzerland: One of the Richest Countries in the World in 2021
Source: Wego Travel Blog
  • GDP: $72,874
  • GDP per Capita: $82,484

What are its Specialties?

As soon as hear the name “Switzerland” it is quite sure one of the things that might come to your mind is the “honeymoon” with your soulmate.

And why not?

The extremely beautified scenic beauty of the land is inexplainable to its core. Apart from its heart robbing scenic view, Switzerland is also famous for its branded watches and also its delicious milky white chocolate.

What is its Major source of Revenue that made it one of the richest countries of the world?

The major source of revenue of the nation comes from its tertiary sector i.e. the banking, insurance, and also tourism while just 1.3% of the total population works in the primary sector.

Of the total landmass of the nation, less than 10% of the land is arable.

6. Norway

Norway: One of the Richest Countries in the World in 2021
Source: The Irish Times
  • GDP: $65,800
  • GDP per Capita: $67,989 

What are its Specialties?

For the foodies, one of the most special things about Norway is the cuisines of the nation.

And to be more specific, the delicious waffles the nation is famous for.

Norway is also one of the happiest places on earth, the best part being that out of the total power generation of the country, 99% of all power generation comes from hydropower!

What is its Major source of Revenue that made it one of the richest countries ofn the world?

Like most of the rich countries in the world, the Norwegian economy builds upon its oil and gas manufacturing industry. The states directly own up the shares contributing a total of 12% in GDP.

7. United States

US: One of the Richest Countries in the World in 2021
Source: Qatar Day
  • GDP: $63,416
  • GDP per Capita: $63,051 

What are its Specialties?

You hear the word “developed” and an instant benchmark is the United States Of America!

The Hollywood and the film industry, Vegas and the fun, the Silicon valley- IT hub of the world, NBA, baseball, and of course the Kardashians- it has everything!

What is its Major source of Revenue that made it to be the world’s richest country?

The major source of revenue of the United States of America comes from the taxes which is collected by the federal government.

The public taxes contribute to about 50% of the total GDP of the nation paid by the private individuals and also the payroll taxes. Tourism also contributes its fair share to the booming GDP of the nation. However, the effects of covid-19 were seen.

8. Brunei Darussalam

Brunei Darussalam: One of the Richest Countries of the World in 2021
Source: The Kyoto Review of Southeast Asia
  • GDP: $62,371
  • GDP per Capita: $23,117 

What are its Specialties?

The name of the country loosely translates to the “Abode of peace”.

It is one of the most countries with a higher human development index of 43 among the other south Asian countries except Singapore.

This country is a treat to the eyes.

Built beautifully!

Apart from being wealthy, the mosques in the country will give immense peace to the soul of a person.

What is its Major source of Revenue that made it one of the richest countries of the world?

Like most of the countries on the list, the GDP of the nation is built upon the export of crude oil.

With crude oil and natural gas, the government also generates revenues from the petroleum sector of the nation which accounts for more than 50% of the total GDP.

9. Hong Kong SAR

hong kong SAR: one of the Richest Countries of the World in 2021
Source: Hong Kong Visa
  • GDP: $59,520
  • GDP per Capita: $46,330.770 

What are its Specialties?

You say hong kong, I hear Disney land!

The hong kong SAR is a famous tourist site and a center of attraction and one of the reasons is the Disney land situated there.

Who wouldn’t want to go there? A place with more than 10,000 buddha Monastries, victoria peak, amazing food cuisine, and just an amazing visual treat to the eyes.

What is its Major source of Revenue that made it one of the richest countries of the world?

Most of the revenue for Hong Kong comes from tourism, with Disney land being the most important contributor.

10. Netherlands

Netherlands: 13th Richest Countries of the World in 2021
Source: Yahoo Finance
  • GDP: $57,534
  • GDP per Capita: $51,290 

What are its Specialties?

The famous dutch brews of the Netherland are known to all. Apart from just the brews, the beautiful flower gardens especially with the tulips. the land is also known for its pottery and wooden logs.

What is its Major source of Revenue that made it one of the richest countries of the world?

The major source of revenue in the Netherlands is its natural gas resources. the country has had it since 1959 and holds cor more than 25% of total natural gas shares all over Europe.

11. Macau SAR

Macau: 14th Richest Countries of the World in 2021
Source: BBC
  • GDP: $56,078
  • GDP per Capita: $35,713.074 

What are its Specialties?

You would not even think of this! Macau SAR is known for gambling! Yes, but it’s legal.

The nation is famous for being the melting pot of the Portuguese and Chinese culture in the gambling industry, also called the Las Vegas Of The East”

What is its Major source of Revenue that made it one of the richest countries of the world?

Tourism is the major source of revenue for the Government in Macau SAR. Gambling also plays a vital role in the GDP after it was legalized in the 19th century.

13. Iceland

Iceland: 15th Richest Countries of the World in 2021
Source: KimKim
  • GDP: $55,596
  • GDP per Capita: $57,189 

What are its Specialties?

Got love for lava and active volcanoes?

Iceland is the place to be!

The world’s one of the most prosperous economies, Iceland is the center of hot springs to just sit back and relax. Also being the land of the midnight sun, place of all-time popular rock music and attractive tourist sights!

What is its Major source of Revenue that made it one of the richest countries in the world?

Iceland had the major source of revenue in its primary sector.

About 80% of the population was involved as a source of revenue, but over time, the tourism industry of Iceland has out shadowed the others. While the total percentage of the population in the primary sector has come down to a mere 5% and still decreasing!

Summing up:

These are the Richest countries of the world. All of these countries are having huge GDP. Some draw revenue from tourisum while others from trade but one of the major factor that is responsible for the highest wealth is the taxes from its citizens.

Now, turn in yours, in the comment section, tell us in the comment section, which country you were expecting to be on the list and why?

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