There are more than 190 countries on planet Earth. Wherein, Europe has around 50 countries under it spread over an area of 10.18 million km². A beautiful continent with even more beautiful nations and people, Europe is a dream place to visit on the list of every travellers in the world.
Europe contains some of the wealthiest nations in the world with one actually being the wealthiest nation in the world. Europeans pay great attention to their standard of living and do enjoy a higher standard of living; the highest around the world for any region.
Amidst these many developing and developed countries, most of the European nations have an impressive GDP per capita income record. Here is a list of Top 10 richest countries in Europe in 2020 having highest Per Capita Income GDP on the basis of Purchasing Power Parity (PPP).
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10. GERMANY – 46,268.64 USD
Officially known as the Federal Republic of Germany, Germany is a federal parliamentary republic in Europe. With an area of above 137,847 sq. mi and a temperate seasonal climate, Germany currently has about 82 million inhabitants as its citizens. Germany is the one of the most popular tourist destination in the world and the people of Germany have a reputation of being strict but professional persons around the world.
Germany is the 3rd largest exporter of goods in the world. Its manufacturing industry is a real marvel and includes some of the most reputed and admired companies in the world. It has the 4th largest nominal GDP and ranks 5th in GDP (PPP).
9. BELGIUM – 46,877.99 USD
Belgium, officially known as Kingdom of Belgium is a sovereign state situated in Western Europe. It is bordered by the Netherlands, France, Germany, Luxembourg, and the North Sea.
Belgium is a densely populated country having an area of 11,787 sq. mi and around 11 million citizens residing there currently. Famous around the world for its beer, chocolates and beautiful ladies, Belgium falls into at 9th place as one of the richest countries in the world due to its per capita income of about $47,000.
8. ICELAND – 47,461.19 USD
Iceland is an island country situated in the North Atlantic Ocean. It has a population of more than 332,529 people residing there within an overall area of 40,000 sq. mi. Iceland is famous for its numerous volcanic activities throughout the year. It is known around the world for its dramatic landscapes, volcanoes, geysers, hot springs and lava fields.
The Per capita income of $47,461.19 places Iceland at 7th position on productivity index, and 5th in terms of GDP (PPP) across the world and 8th on our list of richest European nations.
7. AUSTRIA – 50,546.70 USD
Austria, officially known as the Republic of Austria is a landlocked country in Central Europe having a federal republic government ruling over its 8.7 million inhabitants. This German speaking country is spread over an area of 32,386 sq. mi and is a beautiful and scenic place with lots of popular tourist attractions most popular being the marvellous city of Vienna.
In terms of GDP per capita, Austria ranks 7th amongst the richest European countries. Austria has a highly efficient financial market with high standard of living when compared to other countries in Europe.
6. NETHERLANDS – 50,793.14 USD
Netherlands is also known popularly as Holland or Deutschland. It is one of the main member countries of the Kingdom of the Netherlands and is located in Western Europe. Netherlands is a densely populated country having a population density of 412 people per km2 which is one of the highest in whole Europe.
The country has the largest port in Europe in the form of Rotterdam and borders Germany to the East, Belgium to the south and North Sea to the northwest. Netherlands have very high GDP per capita ($50,790) which is among one of the highest throughout the world. Netherland sits at the sixth place in this list of richest European nations.
5. SWEDEN – 60,430.22 USD
Sweden, officially called as the Kingdom of Sweden is a part of a group of Scandinavian country and is situated in the Northern Europe. Sweden has a total area of 173,860 sq. mi consisting of a number of islands and beautiful coastal cities along with a population of over 10 million.
Sweden comes at the 5th place in our list of the richest countries in terms of Per capita income in whole Europe. The country has the eighth-highest per capita income in the world and ranks highly in numerous metrics of national performance by various surveying agencies.
4. IRELAND – 61,375.50 USD
Ireland is a tiny island nation situated in the North Atlantic Ocean which is separated from Great Britain on its East by Irish Channel, North Channel and St George’s Channel. Officially known as the Republic of Ireland, it is the 3rd largest island in Europe and 12th largest on entire earth.
Ireland’s economy is mostly based upon various popular tourist attractions in the region which is amongst the highest income generation source for Irish people. Despise having a total population of just 6.5 million; Ireland enjoys a high standard of living with a per capita income of $61,375.
3. SWITZERLAND – 84,815.41 USD
Switzerland, officially known as the Swiss Confederation is a beautiful, picturesque and a popular tourist attraction situated in the central Europe. It has a land area of around 15,940 sq. mi and the nation ranks 19th on the country with highest Nominal GDP in the world and 36th by GDP (PPP). Switzerland is famous all over the world for its snow clad mountains and is probably the most famous winter tourist destination all over the world.
Having a small area with just over 8 million people living there, Switzerland has a per capita income placing it third on the list of richest countries in Europe.
2. NORWAY – 100,818.50 USD
Kingdom of Norway is both a sovereign and unitary monarchy governing over different parts of the nation with an overall land area of 148,747 sq. mi and a recorded population of 5,258,317. Popularly known as the “City of midnight sun”, Norway encompasses beautiful mountains, glaciers, forts and museums for tourists.
Norway comes second among all other European countries in terms of per capita income and ranks at 6th in terms of GDP (PPP) over the entire world. Norway is not only the second richest country in Europe, but is also the second richest country in whole world.
1. LUXEMBOURG – 110,697.03 USD
Luxembourg, officially known as the Grand Duchy of Luxembourg is another landlocked but beautiful country situated in Western Europe. Luxemburg has an overall area 998 sq. mi which makes it the smallest sovereign state in Europe.
With a very small population under a million, Luxembourg ranks 8th in least populous countries of the world but is the top richest country in all Europe and most probably the world in terms of per capita income. People of Luxembourg enjoy a very high standard of living and the country consistently ranks at the top place when it comes to human development index charts. The per capita income of $110,697 makes Luxembourg the richest nation in all over Europe in terms of per capita income.
These are the ten countries of Europe with richest population living among them. All of these nations have a staggering economy and its citizens enjoy a very high standard of living. Europe has always been the dreamland of job seekers and those yearning of higher income and this list show us why. Besides being rich, these countries also have popular and beautiful tourist attractions which attract millions of tourists every year towards them.