Europe is formed of many developed countries. It is the world’s sixth-largest continent by total land area, home to 47 countries, and accounts for 6.8 percent of the Earth’s surface area. Europe has contributed much to the invention, technology, and architecture. Over 500 years of progress in engineering, technology, literature, and medicine have resulted in the most developed continent on the planet. The nations of Europe have a fair Human Development Index (HDI).
Germany is one of the world’s richest countries, with a nominal GDP of around 5 trillion US$. Monaco has the highest GDP per capita in Europe and also in the world, at US$190,532 in 2021; nevertheless, some European nations have higher GDP per capita.
Countries by GDP Per Capita:
UN= United NationIMF= International Monetary Fund
| Rank | Country | GDP Per Capita (IN US$) | Estimated By | Year |
|---|---|---|---|---|
| 1 | Monaco | 190,532 | UN | 2019 |
| 2 | Liechtenstein | 179,258 | UN | 2019 |
| 3 | Luxembourg | 131,782 | IMF | 2021 |
| 4 | Switzerland | 94,696 | IMF | 2021 |
| 5 | Ireland | 94,556 | IMF | 2021 |
| 6 | Norway | 81,995 | IMF | 2021 |
| 7 | Iceland | 65,273 | IMF | 2021 |
| 8 | Denmark | 67,218 | IMF | 2021 |
| 9 | Sweden | 58,977 | IMF | 2021 |
| 10 | Netherlands | 58,003 | IMF | 2021 |
| 11 | Finland | 54,330 | IMF | 2021 |
| 12 | Austria | 53,859 | IMF | 2021 |
| 13 | San Marino | 49,765 | IMF | 2021 |
| 14 | Germany | 51,860 | IMF | 2021 |
| 15 | Belgium | 50,103 | IMF | 2021 |
Countries by GDP (nominal):
| Rank | Country | GDP (In Billion US$) | Year |
|---|---|---|---|
| 1 | Germany | 4,319 | 2019 |
| 2 | United Kingdom | 3,124 | 2019 |
| 3 | France | 2,938 | 2021 |
| 4 | Italy | 2,106 | 2021 |
| 5 | Russia | 1,710 | 2021 |
| 6 | Spain | 1,461 | 2021 |
| 7 | Netherlands | 1,012 | 2021 |
| 8 | Switzerland | 824 | 2021 |
| 9 | Poland | 642 | 2021 |
| 10 | Sweden | 625 | 2021 |
| 11 | Belgium | 578 | 2021 |
| 12 | Austria | 481 | 2021 |
| 13 | Ireland | 476 | 2021 |
| 14 | Norway | 444 | 2021 |
| 15 | Denmark | 392 | 2021 |
Note: GDP estimation by International Monetary Fund.
Read articles on Europe:
- 25 Richest Cities in Europe
- 20 Largest Cities in Europe
- Largest Cities in the United Kingdom
- 15 Most Scenic Train Routes In Europe
- List of Official Languages of European Countries
- 25 Longest Rivers In Europe
- 50 Countries Of Europe And Their Capital Cities
- 22 Largest Lakes In Europe
- 20 Largest Cities In Europe
- 15 Highest Mountains In Europe
1. Monaco
Monaco has the distinction of being both a city-state and a microstate. According to the United Nations, Monaco is the wealthiest country in Europe and also in the world. It is one of the tiniest countries, with an area of 2.2 square kilometers. It has around 37,000 residents and a population density of 18,713 inhabitants per square kilometer. Monaco’s total income is estimated to be approximately US$5.424 billion (GDP-Nominal).
GDP per capita: US$ 190,532
Currency: Euro
2. Liechtenstein
Liechtenstein is the second richest microstate in Europe, with an area of 160 square kilometers and a population of 37,340 people living at a density of 227 people per km2. The total national income is $5.155 billion (Nominal). At 1.5 percent, the country’s unemployment rate is low.
GDP per capita: US$ 179,258
Currency: Swiss franc
3. Luxembourg
Luxembourg is located in Western Europe and is Europe’s third wealthiest country in terms of GDP per capita (nominal).
GDP per capita: US$ 131,782
Currency: Euro
4. Switzerland
Switzerland is a country in central Europe with a stunning landscape that includes lakes and mountain ranges. Every year, millions of people visit Switzerland, making it one of the most popular tourist destinations in the world. Switzerland is the world’s largest producer of watches. Banking, technology, and engineering are the trade routes and income sources.
GDP per capita: US$ 94,696
Currency: Swiss franc
