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Top 10 Richest Countries in Europe

What are the richest countries in Europe based on GDP per capita?
2019 data. Purchasing power parity. More info here
Quiz by relessness
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First submittedApril 21, 2017
Last updatedMay 7, 2019
Times taken16,274
Rating4.56
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GDP per Capita
Country
$196,000
Monaco
$130,000
Liechtenstein
$112,000
Luxembourg
$84,400
Ireland
$76,100
Norway
GDP per Capita
Country
$65,500
Switzerland
$61,500
San Marino
$59,200
Iceland
$58,700
Netherlands
$55,500
Sweden
+6
level 79
May 7, 2019
I guess I'm a bit surprised not to see Germany on this list. Or the UK -- are Irishmen flashing big wads of banknotes around London pubs these days?
+18
level 76
May 8, 2019
Ireland has a terrible GNI in comparison to their GDP. So no... Most of these countries function as tax havens, which overinflates their GDP while having almost no effects on the actual economy. This model doesn't work very well for large countries such as Germany.
+4
level 30
May 8, 2019
Ireland is a tax haven, really? Put away the anti-Irishness.
+21
level 71
May 8, 2019
I don't think that was an anti-Irish comment. Ireland does have particularly low corporation tax rates, which attract corporate HQs etc and probably do make its position in lists like this a bit misleading
+3
level 78
May 9, 2019
Ireland's GNI is lower than GDP due to GDP being skewed by corporate tax structures, however they do have a GNI of around $55k which puts them at no 10 in Europe, ahead of Germany at #19 with $43k and UK at #21 with $40k.
+11
level 76
May 9, 2019
Really, anti-Irishness? Just google Ireland and tax haven. But let's not let facts get in the way of petty nationalism. @kogatora: GNI is of course also an inexact measure of "country wealth". As you say, the huge divergence is a first indicator of dodgy tax structures. From the top of my mind, only Luxembourg has a worse ratio in Europe. Might just be my anti-Luxembourgishness though.
+1
level 48
Jul 31, 2019
Ireland imposes a very high tax rate. So GDP per capita is high.
+1
level 59
May 8, 2019
Ireland ? are you sure ?
+1
level 30
Jul 30, 2019
Anti Irishhess is never far away. What's so surprising about Ireland being a wealthy country?
+1
level 37
Jul 31, 2019
It is surprising because not so long ago Ireland was poor.
+1
level 42
Aug 17, 2019
And now we're f-ing swimming in it.
+5
level 30
May 8, 2019
The anti-Irish comments are so tedious. Funny how the same questions aren't asked about the other countries on this list
+17
level 73
May 8, 2019
Microstates (and Switzerland) are very famous for being tax havens. Nordic countries are also famous for being well-off and super expensive, Ireland less so, that's why people are wondering. The answers are also totally fine, Ireland certainly is a tax haven, or is Wikipedia also an anti-Irish project?
+1
level 56
May 8, 2019
Maybe it's because of the Post-2008 Irish economic downturn.
+1
level 56
May 8, 2019
Or maybe it's because of their bizarre red curls and green eyes.
+3
level 37
Jul 31, 2019
This is not anti-Irishness to be surprised that this country, notoriously poor during most of the 20th century, has changed so much. People are surprised but it is a welcome surprise so calm down.
+1
level 59
May 8, 2019
surprised
+3
level 71
May 8, 2019
Ireland is strange. I've seen enough of that place to know it isn't the fourth richest country in Europe. Must be like the Equatorial Guinea of Europe.
+1
level 66
May 10, 2019
As they have lots of oil and a dictator president?
+1
level 46
Jul 22, 2019
Just curious, what did you mean by that?
+2
level 44
Jul 30, 2019
GDP does not measure how wealthy a country is. It literally measures the value of goods and services declared in that country however those goods and services often belong to other countries. For example, Nike could have a factory in Bangladesh that produces a billion dollars worth of shoes but the ppl who actually work in the factory earn a few dollars a day whilst the profits go to another country. GDP would give the false impression that Bangladesh gets a billion dollars from that factory. GNI or GNP are far more reliable measures.
+3
level 59
Jul 30, 2019
According to Wikipedia, there are 9 places that Hines, ITEP and Zucman all find to be top 10 tax havens: Ireland, Singapore, Switzerland, Netherlands, Cayman Islands, British Virgin Islands, Luxembourg, Hong Kong, Bermuda. Tax havens tend to have an inflated GDP. Sure enough, out of these 9 places, the 4 European countries all show up in this quiz.
+1
level 38
Jul 30, 2019
Are you sure that it's the continental Netherlands that's the tax haven, or its constituent countries of Curacao and Sint Maarten?
+5
level 58
Jul 30, 2019
Almost a bit misleading to put up a picture of Sebastian Vettel in a Ferrari when neither Germany or Italy is on the list.
+4
level 66
Jul 30, 2019
It's likely meant to remind us of the Monaco Grand Prix, but surely a picture of the casino would have been nice. :)
+4
level 51
Jul 30, 2019
As an Irish person I can confirm what many of the comments are saying about the country being a Tax Haven. We have very low Corporate Tax here.
+1
level 30
Jul 30, 2019
Yet Ireand doesn't even have the lowest corporation taxes in the EU.
+1
level 44
Jul 30, 2019
I got all of them except Monaco, the number one!
+3
level 65
Jul 30, 2019
How do I continuously forget that Switzerland exists?
+2
level 79
Jul 30, 2019
Your memory looks like Swiss cheese?
+2
level 59
Jul 30, 2019
Every time it's an answer, I always wonder what it's like to live in San Marino
+2
level 22
Jul 31, 2019
I totally forgot Iceland :C
+4
level 46
Jul 31, 2019
Norway is the richest country when you look at the real economy, and disregard financial mumbo jumbo that doesn't make life better for the population as such.