Top 10 Richest Countries in Europe (2020)

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Which are the richest countries in Europe? According to a rating made available by the Global Finance magazine rated in185 countries of the world based on their gross domestic product based and purchasing power parity which is the per capita index.

Other things considered are the relative cost of living in these nations and differences in living standards based on factor like inflation rate.

Wealthiest Countries in Europe

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The statistics was collected by the World Bank and the International Monetary Fund, according to these statistics we have put together the list of the top 10 richest countries in Europe today.

10. Iceland  | GDP Per Capita: 47,469,19

Iceland is ranked 23rd richest nation in the world, and one of the richest among European nations.

Iceland is a relatively small nation that’s with a very small population of about 321,000 (2013).

The country is popular for fishing,and majorly for a diversified economy, which entails renewable energy, hydropower, and geothermal sources.

The program of creating aluminum smelters has been developed, information technologies, banking business, tourism, and also biotechnology.

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9. Denmark | GDP Per Capita: $47000

Another northern country ranks 21st in the world. It has a population of 5.69 million. The economy is characterized by low inflation and unemployment, but the downside is large taxes.

The country can be described as industrial-agricultural. Meat and products based on it, machinery, fish, medicines and furniture are exported.

8. Germany | GDP Per Capita: $110,697

Germany is considered to be the locomotive of the EU economy, but as we can see, its citizens do not live the wealth of in Europe (and only in the 18th place in the world).

This country is much more crowded than the above – 81.17 million. (2014). It is among the world leaders in terms of exports, although it is considered post-industrial and the main industry are services – their share in the country’s GDP is close to 80%. Machines, equipment and goods also make a significant contribution to the economy.

7. Sweden | GDP Per Capita: $60,430

Scandinavia again. Sweden, which is the 17th largest country in the world in the well-being of the population, is home to about 9.8 million people. Man.

In addition to hockey players, the country boasts about 50 world-renowned companies, such as ABB, Oriflame, Saab AB, Scania, Volvo, Ericsson, TELE2. Sweden is the world leader in bearing production and is also known for its high level of taxes, accounting for about 60% of GDP, which is the leading country in the OECD.

6. Austria | GDP Per Capita: $50,546,70

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We return to the Alps, another German-speaking country with a population of 8.42 million.

Construction, metallurgy and food industry form the basis of the economy, the country is famous for its winter resorts, and at the same time skiers/biathletes. Austria is 16th in the world rankings.

5. Ireland | GDP Per Capita GDP: $61,375

Ireland is next in this ranking and in the world. The global financial crisis of 2008 did not bypass it, but the country with a population of 4.5 million.

managed to recover from it. Ireland’s economy, such as the steel, textile and food industries, contributes to Ireland’s prosperity.

4. Netherlands | GDP Per Capita: $50,790

The country of tulips ranks 13th in the world ranking in 2015. Known for its tolerance and tolerance, the population of 16.8 million. mainly engaged in agriculture, production and processing of oil, gas and metals.

3. Switzerland | GDP Per Capita: $84,815.3

What comes to mind when mentioning this country, not counting watches, cheese, chocolate, Alpine meadows, alpine skiing and Roger Federer? Swiss banks.

Unsurprisingly, such a country in terms of the level of well-being of citizens is in the top three in Europe and closes the top ten of the world ranking. Investors have a place to turn around – many branches of foreign banks and about 4,000 financial institutions support the country’s business activity at the highest level.

With a population of under 8 million. (2013) in the country concentrated about 35-40% of the management of the property of private and legal entities around the world.

The reputation and observance of bank secrecy, which has been developed for centuries, helps in this. The Swiss economy is based on tourism and the chemical industry.

2. Norway GDP Per Capita: $100,818.50

Ranked 6th in the world ranking sours, Scandinavia. Before the Anders Breivik attack, Norway was considered the safest on the planet, but has since lost its position a little since.

GDP per capita is $67,619.10, the main industries are run by the state – oil and gas industry, mining and processing. The country’s population barely exceeds 5 million. 114th place in the world for 2013.

1. Luxembourg | GDP Per Capita: $110,697

Small, but remote – this expression is the best way to approach Luxembourg with an adjusted annual income of $94167.01 per person.

In the world ranking, this country is 2nd behind the country, so it can be called the silver medalist of the world economic competition.

It is a member of the European Union, which is home to many EU organizations, as well as about 200 banks and 1,000 investment funds – so many are not in any other city in the world.

Thanks for this follows the offshore zone and favorable business conditions. At the same time, the population of the country in 2010 was only 549,000 people.

 

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