A country is considered to be rich when its natural resources are directly proportional to the human population and its capitalization. The richest countries are categorized on the basis of total GDP and per capita income. Therefore, we present to you the list of the top 10 richest country in the world, which are as follows.
Top 10 Most Richest Country Worldwide
1] United States Of America
The United States is the richest country with a total GDP of $25.43 trillion with per capita income of $85,370 (2024). It is the largest financial hub in the world that attracts many multinational companies and corporations to set up their businesses. America contributes 25.32% of the total world GDP.
2] China
China has a total GDP of $ 14.72 trillion with a per capita income of $ 25,015 and ranks 2nd in the list of the richest country in the world (2024). It constitutes 17.86% of the total world GDP. The country is a manufacturing hub for a variety of businesses around the world for its cheap human resource labor.
3] Japan
Japan is a small 4 island country with a total GDP of $4.25 trillion and a per capita income of $54,184 (2024). The prime source of income comes through the import and export of goods. The nation is known for its high craftsmanship in electronics and automobile manufacturing, which has helped it contribute 4.21% of the total world GDP.
4] Germany
Germany ranks 4th on the list of richest country in the world with a total GDP of $3.85 trillion, contributes 2.77% of the total world GDP, and per capita income of $67,245 (2024). Automobile engineering and manufacturing is a synonym for the highly skilled expertise of German artisanship, which is the primary source of income of the country.
5] India
India is a developing country with a total GDP of $3.41 trillion and a per capita income of $10,123 (2024). With low-cost manufacturing labor and maximum population density, the country managed to engage many multinational companies and businesses for foreign investment, which has boosted India’s economy. Since then, India contributes 3.37% of the total world GDP.
6] United Kingdom
The United Kingdom is a greatly industrialized nation with manufacturing plants and resources. With a total GDP of $2.67 trillion, it shares 3.05% of the total world GDP with a per capita income of $58,880 (2024), which puts it on the list of the 6th richest country in the world. The UK also has the 2nd largest financial hub after America.
7] France
France has a total GDP of $2.63 trillion, which constitutes 2.77% of the total world GDP with a per capita income of $60,339 (2024). The country is famous for its banking and financial institutions in Europe. It has become a major hub for businesses and organizations, connecting Europe to other parts of the world.
8] Russia
Russia ranks 8th in the ten richest countries in the world, with a total GDP of $2.24 trillion with a per capita income of $38,292 (2024). It is known for its expertise in fossil fuels and foreign exchange reserves, attracting many business organizations to invest in the country’s natural resources. Russia contributes 2.23% of the total world GDP.
9] Canada
Canada, with a total GDP of $2.16 trillion, makes up 2.31% of the total world GDP with per capita income of $59,813. It has the largest mining reserves in the world, attracting many mining companies worldwide.
10] Italy
Italy is famous for its fabric manufacturing all over the world, which is the country’s main source of income. It holds the 10th position in the list of the ten richest country in the world with a total GDP of $2.04 trillion (2024), which makes up 2.0% of the total world GDP with a per capita income of $56,905.
Conclusion
Countries with high GDPs have a higher human development index, which constitutes a superior standard of living. Since the beginning of human evolution, we have struggled really hard to strive for our betterment. The top 10 richest countries in the world have used their resources in the economic development and growth of an individual.
