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The richest Arab countries in the world in 2023

The richest Arab countries in the world in 2023

In an annual ranking unveiled by the bimonthly financial magazine Global Finance, the top 10 countries where residents have the most money for the year 2023 have been established. And this is not necessarily made up of the nations that would first come to the minds of ordinary mortals.

A list that is surprising. Indeed, as Global Finance reveals in its annual ranking, the richest countries in the world are not necessarily the biggest economic powers on the planet but rather small countries which have been able to prosper, despite the Covid-19 pandemic. The ten richest countries in the world in 2023 in detail.

IRELAND

With 145,196 dollars on average per capita, it is this Northern European country which takes first place among the richest countries in the world in 2023.

LUXEMBOURG

This small country located near France, already placed in second place in the same ranking last year, once again climbs to second place on the podium this year, with $142,490 in average purchasing power per inhabitant.

SINGAPORE

The city-state which became independent in 1956 can boast good economic health, despite the almost total absence of natural resources on its territory. This allows it to take third place in the ranking, with $133,895 in average purchasing power per inhabitant.

QATAR

The Gulf country is close behind Singapore, with an average of $124,848 per capita.

MACAU

The difference between fourth and fifth place in the ranking is much more obvious, with only $89,558 per capita in the special administrative region, which still manages to reach fifth place in the ranking, despite a low number of inhabitants not important.

UNITED ARAB EMIRATES

With a little more than 1,000 euros less than in Macau, the United Arab Emirates are in fifth position in this ranking. Each resident has on average $88,221 in purchasing power.

SWISS

In the country of Heidi, seventh in the ranking, 87,963 dollars per person were recorded in 2023.

NORWAY

With $82,655 in purchasing power per person, the Nordic country has managed to completely emerge from the crisis linked to the pandemic. Furthermore, in the event of economic concerns, Norway, which is ranked eighth in this ranking, will always be able to draw on its sovereign wealth fund, the largest in the world.

UNITED STATES

Penultimate in the ranking, the country of Uncle Sam which only entered this top 10 in 2020. In the post-Covid era of 2023, an American has on average $80,035 in purchasing power.

SAN MARINO

Last in this top 10, the republic of San Marino, which is the oldest in Europe, is not very populated. But the 34,000 people who live there own an average of $78,926.

However, the International Monetary Fund (IMF) was keen to point out that these figures should be taken with a pinch of salt. Indeed “many countries appearing in our ranking are tax havens, which means that their wealth has been generated elsewhere, thus artificially inflating their GDP,” notes Global Finance.

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