Richest Country in Europe – Top 10 List

We present in this article the name of the richest country in Europe. GDP and population of countries across Europe varies. Some of the countries are richest while some are only rich. On this page, we present the top 10 richest countries in Europe based on per capita. Per Capita Income (PCI)  means the average income of a person in a country.

What are those countries? Lets see their names.

Also Read: Richest Country in the World

#1) Luxembourg  is the richest country in Europe

GDP (PPP): $79,649.49

 

 

Luxembourg - Wealthiest European Country

 

With an average income per person almost $80,000/-, country of Luxembourg is the richest country in the continent of Europe. Also, in the world, it is second to only Qatar which is the richest country in the whole world. This nation is highly industrialized in its cities alongside green pastures of the land. Alongside Bahamas and Monaco, it is one of the most famous tax havens in the world and in Europe. This European nation is also called as “Green heart of Europe”.

#2) Norway – Europe’s Second Richest Country

GDP (PPP): $54,479.06

Capital City: Oslo

Norway- One of the richest country in Europe

 

With per capita income lesser than only Luxembourg, Norway is the second richest country in Europe. It has a significant amount of oil reserves in North Sea, which falls under its jurisdiction. GDP of this European country is close to $500 Billion and it makes it one of the richest nations in the world. Norway’s economy is also dependent on forest and mineral resources for wealth.

#3) Switzerland

GDP (PPP): $44,015.97

Capital City: Bern

third rich European nation

 

Having one of the most skilled labor population in the world, Switzerland has a very high per capita GDP. This Europe’s rich country is home to some of the world’s biggest banks. It has one of the lowest corporate taxes in the world. Highly efficient services and financial sectors contribute much to its GDP.

#4) Austria

GDP (PPP): $42,589.72

Capital: Vienna

ice covering mountain and houses

 

Also one of the wealthiest nations on Earth, Austria has a very high standard of living compared to other European nations. Its labor force is highly skilled and services sector is one of the most developed. Coupled with the latest technology, this rich European country has one of the most advanced agriculture sectors.

#5) Netherlands

GDP (PPP): $42,319.57

Capital: Amsterdam

netherlands - local port

 

The Netherlands has an open economy and it is the fifth richest country in Europe. It has a population of around 16 million and GDP of around $700 Billion. Industries in Netherlands are involved largely in petroleum refining, food processing and chemicals.

#6) Sweden

GDP (PPP): $41,129.26

Capital City: Stockholm

sweden building

 

Sweden has a higher tertiary economy and service sector contributes nearly 70% to its GDP. One of the developed countries in the world, Sweden is the sixth richest European nation. Agriculture and industries also generate revenues for Sweden. With best welfare schemes and high-tech industries, it has one of the best standards of living throughout the 20th century. On our top 10 richest countries in Europe list, it finds the sixth place.

#7) Ireland

GDP (PPP): $40,443.26

Capital: Dublin

ireland

 

Officially, Republic of Ireland, it has a knowledge-based economy as high-tech industries dominate the economy. It has a small but trade-dependent economy. It has a population of around 4.5 million and this richest country in Europe has a GDP of around $185 Billion.

#8) Iceland

GDP (PPP): $39,082.93

Capital: Reykjavic

iceland church

 

Situated in the Atlantic ocean, Iceland has a very small population and very small Gross Domestic Produce. These two make it one of the richest countries in Europe. In the early 20th century, it was one of the poorest countries. It generates much of its wealth by exporting fish and fish-related products. The government is looking for diversification of its income sources by promoting aluminium and other green energy industries.

#9) Germany

GDP (PPP): $38,695.94

Capital City: Berlin

germany - one of the richest countries in Europe

 

Being the largest economy of Europe, Germany is one of the wealthiest European countries. It is a highly industrialized nation and has one of the best service sectors. It is home to many of the famous global car brands. Few names include Volkswagen, Daimler, Mercedes-Benz, BMW and Audi.

#10) Belgium

GDP (PPP): $37,995.23

Capital: City of Brussels

belgium - the wealthy European nation

Occupying the tenth spot on the list of richest countries in Europe is Belgium. Belgium has an industrialized economy. Agriculture sector contributes very less to its wealth. Also, Belgium has very few natural resources for trade. These limitations have made it develop into a highly skilled service center on planet Earth.

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