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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Last updated: May 7, 2019
First submittedApril 21, 2017
Times taken21,029
Rating4.60
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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
+8
Level 82
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?
+19
Level 79
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.
+23
Level 73
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
+4
Level 82
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 79
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.
+2
Level 55
Jul 31, 2019
Ireland imposes a very high tax rate. So GDP per capita is high.
+2
Level 60
May 8, 2019
Ireland ? are you sure ?
+1
Level 60
May 8, 2019
surprised
+3
Level 74
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 69
May 10, 2019
As they have lots of oil and a dictator president?
+1
Level 52
Jul 22, 2019
Just curious, what did you mean by that?
+2
Level 47
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 65
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 69
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. :)
+5
Level 53
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 48
Jul 30, 2019
I got all of them except Monaco, the number one!
+3
Level 71
Jul 30, 2019
How do I continuously forget that Switzerland exists?
+3
Level 81
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 26
Jul 31, 2019
I totally forgot Iceland :C
+5
Level 50
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.