Top 50 Richest Countries In The World 2020- According to the reports generated by the IMF (International Monetary Fund), many countries have been evaluated based on the nominal values of their GDP per capita which is regarded as an essential yardstick in measuring the wealth of a country. Surprisingly, some of the smallest nations in the world happen to be the Richest In The World. But before we further in our ranking, here are the the few questions that are generally asked,

• Which country has the highest GDP?
• which country is the Richest Country Country In the World 2020?
• Which Africa Countries has the highest GDP?
• Who Are the Top Richest countries in the world 2020?
• who are the Wealthiest Countries In the World 2020?

all of these questions will be answer shortly, just follow our ranking on the list of Richest Countries In The World 2020.

TOP 50 RICHEST COUNTRIES IN THE WORLD 2020- WHAT YOU DON’T KNOW ABOUT THEM

Most of the countries atop the list of Richest Countries in the World have similar attributes which include small populations in contrast to countries that lead the world in ordinary financial output. Also, the countries depend in no small extent on immigrant workers who are not granted a residence permit to reside in the country. The countries that are listed below are based on the projections of GDP per capita for 2020.

 

Who are the Top 50 Richest Countries In the world 2020?

• #1. Luxembourg
• Location: Europe
• 2020 Projected GDP (119719)

Luxembourg is a European country and one of the smallest. Its capital is Luxembourg City, well-known for its fortified medieval old town perched on sheer cliffs. The country’s primary source of income is the banking and financial services; others include iron and steel, information technology, telecommunications, cargo transportation, tourism, etc.

• #2. Norway
• Location: Europe
• 2020 Projected GDP (86362)

Norway is a country located in Europe surrounded by mountains, glaciers and deep coastal fjords. The capital is city Oslo, a city known for its green spaces and museums. Oil and gas production is the country’s primary source of income which accounts for 20% of its economy. Another source of income includes hydropower, fish, forests, and minerals. The country is famous for fishing, hiking, and skiing, notably at Lillehammer’s Olympic resort.

• #3. Switzerland
• Location: Europe
• 2020 Projected GDP (83832)

Switzerland is a European country located particularly in Central Europe. The state and famous for its numerous lakes, villages and the high peaks of the Alps. The country’s capital is Berne. Banking and finance are key industries. Also, the country export mainly to European Union Countries which also adds to its economy. 74% of Swiss GDP is gotten from the service sector and 25% from the industry while the agricultural sector contributes less than 1%.

• #4. Ireland
• Location: Europe
• 2020 Projected GDP (81477)

Ireland is a beautiful green country located in northwest Europe. Ireland is the third-largest island in Europe and the 20^th largest in the world. The country’s primary source of income is Industries (Agriculture, Beverages, Chemicals and Fertilizers, Clothing, Construction, Food Processing, Machinery, Pharmaceuticals, Textiles, etc.) and Exports (Chemicals, Dairy Produce, Instruments, Livestock, Machinery, Meat, Fabrics, etc.)

• #5. Iceland
• Location: Europe
• 2020 Projected GDP (78181)

This country is known to be the home of the Vikings. Iceland is located in Europe and encompassed by landscape with volcanoes, geysers, hot springs, and lava fields. The capital city, Reykjavik, is home to the geothermal power and the National and Saga museums, tracing Iceland’s Viking history. Aluminum smelting, fishing, and tourism are the major economic activities in this country.

• #6. Qatar
• Location: Asia
• 2020 Projected GDP (65062)

Qatar is an Arab country characterized by arid desserts and long Gulf shoreline of beaches and dunes. The capital city, Doha is known for its innovative skyscrapers as well as other ultramodern architecture motivated by ancient Islamic design. The country’s primary source of income is the Petroleum and natural gas which serve as the cornerstones of Qatar’s economy accounting for more than 70% of total government revenue.

 

• #7. United States of America
• Location: North America
• 2020 Projected GDP (64906)

The United States is a North American country that comprises of 50 states. Major Atlantic Coast cities in the countries include New York, known as a global finance and culture center. Also the capital Washington, DC., the Midwestern metropolis Chicago is home to influential architecture, and Los Angeles’ Hollywood is widely-known for filmmaking. United States major source of income is the largest source is income tax and payroll taxes from private individuals, and it’s used to fund social insurance programs.

• #8. Denmark
• Location: Europe
• 2020 Projected GDP (63434)

Denmark is located in Europe and part of the Scandinavian countries comprising the Jutland Peninsula and numerous islands. The capital city is Copenhagen, home to numerous royal palaces and picturesque Nyhavn harbor, including the Tivoli amusement park as well as the iconic “Little Mermaid” statue. Denmark major economic activities are based primarily on service industries, trade, and manufacturing; agriculture and fishing are accounting for a small percentage.

• #9. Singapore
• Location: Asia
• 2020 Projected GDP (62690)

Singapore is a small island nation located just off the southern tip of Peninsular Malaysia in Southeast Asia. Exports, particularly in electronics, chemicals, and services are the major source of income in Singapore. The country’s rate of military expenditure per capita (1,786.4 USD$) is the fifth highest in the world.

• #10. Australia
• Location: Oceania
• 2020 Projected GDP (58824)

Australia is a country located in Oceania encompassing the mainland and the island of Tasmania and several other smaller islands. The country’s capital city is Canberra; it is the largest in Oceania as well as the sixth-largest country in the world by total area. Australia is a known exporter of natural resources, energy, and food. Which is the major contributor to the country’s GDP? The country is famous for its spectacular natural landscapes, beaches, deserts, “the bush,” and “the Outback.”

• #11. Sweden
• Location: Europe
• 2020 Projected GDP (57945)

Sweden is located in Europe and a Scandinavian nation, and it’s a capital city is Stockholm which is built on 14 islands. It has more than 50 bridges. The primary economic activities in this country are the exportation of Timber and Timber products which is the highest along with industrial machinery, automobiles, iron and steel products, and chemicals.

• #12. Netherlands
• Location: Europe
• 2020 Projected GDP (56415)

The Netherlands is another European country making our list of Richest Countries in the World. The country has a flat landscape of canals, tulip fields, windmills, and cycling routes. Amsterdam, the capital, is home to the Rijksmuseum, Van Gogh Museum and Canalside mansions. The country’s primary source of income includes the foodstuffs (the country’s biggest industries), energy, chemical, trade, machinery, metallurgy, electrical goods and services, and tourism.

• #13. Austria
• Location: Europe
• 2020 Projected GDP (54606)

Austria is located in Europe, and it’s a German-speaking country. The country’s capital is Vienna, home to the Schönbrunn and Hofburg palaces. The tourism sector is the highest contributor to the nation’s GDP. Others include Trade and industry, and agriculture.

• #14. Finland
• Location: Europe
• 2020 Projected GDP (52320)

Finland is a country located in Northern Europe bordering the Baltic Sea, the Gulf of Bothnia, and the Gulf of Finland. The capital and largest city are Helsinki. Export of products such as electrical and optical equipment, machinery, transport equipment, paper and pulp, chemicals, essential metals, and timber.

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• #15. Germany
• Location: Europe
• 2020 Projected GDP (51642)

Germany is located in Western Europe comprising of the landscape of forests, rivers, mountain ranges, and the North Sea beaches. The country has the 5^th largest economy in the world, and it is a leading exporter of machinery, vehicles, chemicals, and household equipment which is the major contributor to its GDP.

• #16. Hong Kong
• Location: Asia
• 2020 Projected GDP (50216)

Hong Kong is an independent country, and a former British colony, located in southeastern China. Hong Kong features architectural landmarks such as the I.M. Pei’s Bank of China Tower and also a major shopping destination. Hong Kong has a free market economy, which is highly dependent on international trade and finance as well as the value of goods and services trade, including the sizable share of re-exports.

• #17. Belgium
• Location: Europe
• 2020 Projected GDP (49095)

Belgium is a European country well known for its Renaissance architecture, headquarters of the European Union and NATO and medieval towns. Belgium’s economic activities include industries such as Metallurgy, steel, textiles, chemicals, glass, paper, and food processing are the dominant industries and the country is one of the world’s leading processors of cobalt, radium, copper, zinc, and lead.

• #18. Canada
• Location: North America
• 2020 Projected GDP (48604)

Canada is a beautiful North American country that is home to wilderness includes lake-filled Banff National Park in the Rocky Mountains as well as Niagara Falls, a leading group of massive waterfalls. The country’s capital is Ottawa. Canada is the sixth largest producer of oil which is the major industries. Favorite economic activities include a sizable manufacturing sector, the automobile industry, and the aircraft industry.

• #19. France
• Location: Europe
• 2020 Projected GDP (45586)

France is among the modern countries in Europe and the World. The country is famous for housing the Eiffel tower as well as gifting the U.S the statue of liberty designed by French sculptor Frédéric Auguste Bartholdi. Exports of products such as machinery and transportation equipment, aerospace equipment and plastics, while primary imports include machinery, automobiles and crude oil and tourism are the country’s source of income.

• #20. United Kingdom
• Location: Europe
• 2020 Projected GDP (45491)

The United Kingdom comprises of England, Scotland, Wales and Northern Ireland, is an island nation located in northwestern Europe. The capital city is London known globally for its essential center of finance and culture. The services, manufacturing, construction, and tourism sectors are the major contributor to the United Kingdom’s GDP

• #21. Israel
• Location: Asia
• 2020 Projected GDP (43216)

Israel is a Middle Eastern country on the Mediterranean Sea in Asia. Its most sacred sites are in Jerusalem. Within its Old City is the historic Western Wall among others. The capital city is Jerusalem while Tel Aviv is the country’s financial hub, known for its Bauhaus architecture and beaches. Israel economy is central on crude oil, grains, raw materials, and military equipment.

• #22. New Zealand
• Location: Europe
• 2020 Projected GDP (42711)

New Zealand is a country in southwestern Oceania consisting of 2 main islands. The capital city is Wellington, home to Te Papa Tongarewa, the expansive national museum. Mining, manufacturing, electricity, gas, water, and waste services are the major economic activities of this country

• #23. Japan
• Location: Asia
• 2020 Projected GDP (41834)

Japan is an island country located in the Asian continent. Japan is known for its high exportation of goods such as automobiles, consumer electronics, computers, semiconductors, and iron and steel. However, the mining, nonferrous metals, petrochemicals, pharmaceuticals and services such as bio-industry, shipbuilding, aerospace, textiles, and processed foods are also key to the country’s economy.

• #24. United Arab Emirates
• Location: Asia
• 2020 Projected GDP (38961)

The United Arab Emirates (UAE) is an Arabian Peninsula nation comprising of 7 emirates federation. Abu Dhabi is the capital city and the most popular city in the country. The oil and gas sector is the country’s major GDP contributor.

• #25. Italy
• Location: Europe
• 2020 Projected GDP (36061)

Italy is a European country through a long Mediterranean coastline. It’s capital city Rome is home to the Vatican as well as landmark art and ancient ruins. Italian major economic activities include tourism, machinery, iron and steel, chemicals, food processing, textiles, motor vehicles, clothing, footwear, and ceramics

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• #26. Korea
• Location: Asia
• 2020 Projected GDP (33495)

South Korea is an East Asian nation on the southern half of the Korean Peninsula sharing a border with close neighbor North Korea. South Korea major economic activity is exportation which is mainly electronic products, machinery, motor vehicles (particularly automobiles), steel, ships, and textiles and clothing.

• #27. Spain
• Location: Europe
• 2020 Projected GDP (33151)

Spain is located in the Iberian Peninsula in Europe with diverse geography and cultures. Madrid, it’s a capital city is home to the Royal Palace and Prado museum; housing works by European masters. The country’s textiles and apparel, food and beverage, metals, chemicals, and shipbuilding are the major economic contributor. Meanwhile, tourism plays a significant is also a significant role in the country’s economy, and it’s the second largest tourism industry in the world.

 

• #28. Puerto Rico
• Location:
• 2020 Projected GDP (32705)

Puerto Rico is an island country in the Caribbean comprises of landscape mountains, waterfalls and the El Yunque tropical rainforest. San Juan is the capital, and largest city in the country is known for its hotel strip, beach bars, and casinos. Trade and exportation is the major economic activity that contributes to the nation’s GDP.

• #29. Malta
• Location: Europe
• 2020 Projected GDP (32130)

Malta is located in the central Europe, and the capital city is Valletta. The country is popular for historic housing sites related to a sequence of rulers including the Romans, Moors, Knights of Saint John, French and British. International trade, manufacturing (electronics and pharmaceuticals), tourism and agriculture are the major economic activity in this country.

• #30. Brunei
• Location: Asia
• 2020 Projected GDP (30297)

Brunei is a small country located on the island of Borneo and surrounded by Malaysia and the South China Sea. It’s popular for its beaches and bio-diverse rainforest, most of which are protected within reserves. Exports of crude oil and natural gas are Brunei’s the major source of income.

• #31. Cyprus
• Location: Europe
• 2020 Projected GDP (29224)

Cyprus is a European island country located in the Eastern Mediterranean. It is the third largest and third most populous island located in the Mediterranean. Services, industry, and agriculture are the major economic event in the country.

• #32. Kuwait
• Location: Asia
• 2020 Projected GDP (28394)

Kuwait is an Arab country located on the Arabian Gulf, in Asia. The capital city is Kuwait City, known for its modern architecture including skyscrapers, Kuwait Towers, water towers among others. Kuwait is a Petroleum-based economy, and the Kuwaiti dinar is the highest-valued unit of currency in the world.

• #33. Slovenia
• Location: Europe
• 2020 Projected GDP (28247)

Slovenia is located in Central Europe, famous for its mountains, ski resorts, and lakes.

• #34. Taiwan
• Location: Asia
• 2020 Projected GDP (26309)

Taiwan is located in Asia sharing a boundary with the People’s Republic of China. It is the most populous country and largest economy that is not a member of the United Nations. The country’s economy is majorly on industrial manufacturing, especially exports of electronics, machinery, and petrochemicals.

• #35. Bahrain
• Location: Asia
• 2020 Projected GDP (26083)

Officially called the Kingdom of Bahrain is an island country in the Persian Gulf. Petroleum production is Bahrain’s most exported product, accounting for 70% of government revenues, and 11% of GDP.

 

• #36. Czech Republic
• Location: Europe
• 2020 Projected GDP (25468)

The Czech Republic is located in Central Europe and famous for its magnificent castles, native beers, and long history. The country’s economy is centered on a developed export-oriented social market economy based on services, manufacturing, and innovation.

• #37. Portugal
• Location: Europe
• 2020 Projected GDP (24312)

The beautiful land of Portugal is located in the Southern part of Europe. The manufacturing and construction industry is the major contributor to the nation’s GDP. Others include clothing, textiles, and footwear; food processing; wood pulp, paper, and cork; metalworking; oil refining; chemicals; fish canning; wine; and tourism.

• #38. Estonia
• Location: Europe
• 2020 Projected GDP (24043)

Estonia is a country located in Northern Europe and the 38^th Richest Country in the World. The country’s economy is centered on Oil shale energy, telecommunications, textiles, chemical products, banking, services, food and fishing, timber, shipbuilding, electronics, and transportation.

• #39. Saudi Arabia
• Location: Asia
• 2020 Projected GDP (22368)

Saudi Arabia is an Arab country located in Asia believed to be the birthplace of Islam. Saudi Arabia has the following most valuable natural resources in the world, and the country has the largest economy in the world. Natural gas and petrochemicals, as well as petrochemical-based products exportation, are the major sources of income.

• #40. Slovakia
• Location: Europe
• 2020 Projected GDP (21278)

Slovakia is a landlocked country located in Central Europe, and Bratislava is the capital and largest city in the country. The major source of income in this country is Service exportation (metal and metal products; food and beverages; electricity, gas, coke, oil, nuclear fuel, etc.) and accompanied by Transportation, Tourism and Science.

• #41. Greece
• Location: Europe
• 2020 Projected GDP (21274)

Greece is officially known as the Hellenic Republic located in southeast Europe, nearby both Africa and Asia; the capital and largest city are Athens. The country is enlisted among the Richest Countries in the World because of the major economic activities which are tourism, shipping, industrial products, food and tobacco processing, textiles, chemicals, metal products, mining and petroleum that has been the major source of income to the country.

• #42. Lithuania
• Location: Europe
• 2020 Projected GDP (20644)

Lithuania is considered to be one of the Baltic States alongside Estonia and Latvia. Lithuania is the individual country in the world having its official scent, called the Scent of Lithuania. The country’s notable economy activities include Companies, Agriculture, Science and technology and Tourism

• #43. Latvia
• Location: Europe
• 2020 Projected GDP (18861)

Latvia is located on the Baltic Sea in the middle of Lithuania and Estonia. The country is home to wide beaches as well as dense, sprawling forests. Latvia’s capital is Riga, home to striking wooden and art nouveau architecture, a vast Central Market. Wood and wood products, machinery and equipment, iron and steel, textiles and foodstuffs exportation is the major source of income for this country.

• #44. Trinidad & Tobago
• Location: South America
• 2020 Projected GDP (18018)

Trinidad and Tobago is a dual-island country in South America. It’s a capital city is Port of Spain which is home to lively carnival featuring calypso and soca music. On the other hand, the smaller island of Tobago is famous for its beaches and the Tobago Main Ridge Forest Reserve, which shelters hummingbirds. The backbone of the country’s economy is primarily industrial, majorly on petroleum and petrochemicals.

• #45. Uruguay
• Location: South America
• 2020 Projected GDP (17104)

Uruguay is a country in South American popular for its lush interior and beach-lined coast. The capital city is, Montevideo is laced with art deco buildings, colonial homes, and Mercado del Puerto, also an old port market with many steakhouses. Uruguay’s agricultural sector is the major source of income. This is with the help of a well-educated workforce, along with high levels of social spending. Main agricultural products are indigenous cattle meat, whole fresh cow milk, paddy rice, etc.

• #46. Oman
• Location: Asia
• 2020 Projected GDP (17102)

Oman, officially known as the Sultanate of Oman, is an Arab country located in Asia. Oman is famous for breeding Arab horses among which are the purebred Arab horses. Oman’s wealth is gotten from the exportation of petroleum, reexports, fish, metals, textiles which has earned them a spot on the list of Richest Countries in the World.

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• #47. Chile
• Location: South America
• 2020 Projected GDP (15118)

Chile is the next country on our list of the Richest Countries in the World. The country is located in South America, and its capital is Santiago. Chile is notable for its wine production and the ninth (9) largest wine producers in the world. The major country source of income is from exportation of copper, fruit, fish products, paper, and pulp, wine, and chemicals.

• #48. Hungary
• Location: Europe
• 2020 Projected GDP (14271)

Hungary is located in East-Central Europe occupying the land area of 93 030 km2. The capital city is Budapest which is the largest and busiest city in the country. Hungary is among the 15 most modern tourist countries in the world. Hungary’s major source of income comes from food processing, motor vehicles, information technology, pharmaceuticals, chemicals, metallurgy, machinery, electrical goods, and tourism.

• #49. Poland
• Location: Europe
• 2020 Projected GDP (13825)

Poland is one of the largest countries located in Central Europe, and it’s a capital city is Warsaw. The country is divided into 16 administrative subdivisions. Poland major earnings come from agriculture while manufacturing, energy, and tourism industries contribute to the nation’s GDP.

• #50. Panama
• Location: South America
• 2020 Projected GDP (15090)

Panama is a beautiful country in South America, famous for its Panama Canal, an achievement of human engineering. Its capital, Panama City, houses modern skyscrapers, casinos, and nightclubs. Agriculture is a major industry in Panama and is responsible for 17% of the country’s GDP. The most important agricultural exports from Panama are bananas, shrimp, sugar, and coffee. Also, banking, commerce, and tourism play a vital role in the country’s economy as well.

 

Conclusion On The Top 50 Richest Countries In The World 2020- What You Don’t Know About Them

Surprisingly the list is dominated by European countries meaning that the European countries are doing well economically. Well! Those are the Top 50 Richest Countries in the World 2020.

Tag: Top 50 Richest Countries In the world 2020- What You don’t know about them, Wealthiest Countries In The World 2020, Richest Countries In Africa 2020.