The 25 Richest Countries In Europe 2022 (Updated)

What are the richest countries in Europe? The European economy can be divided into two large blocks: on the one hand, the most developed countries of the continent, located in the western and northern areas, and on the other hand, the less developed countries but with high growth, located further to the east.

In terms of nominal GDP, in Europe countries such as Germany, the United Kingdom, France, Italy, Russia, and Spain stand out. In terms of GDP per capita, however, the leaders are others such as Luxembourg, Switzerland, Ireland, or Norway.

As we said before, as a general rule, the richest countries in Europe are in the western part of the continent, while the least economically developed are in Eastern Europe. Regarding the latter group, many were part of the former Yugoslavia and the Soviet Union, and their economies suffered significant stagnation after both dissolutions. Despite this, states such as Slovenia or Estonia have experienced great growth in recent years.

In fact, in terms of Gross Domestic Product, countries such as Hungary, Estonia, Romania, Serbia or Moldova have experienced annual growth of over 4% in recent years.

Read Also: The 35 Largest Countries in Europe [Area Based]

The richest countries in Europe according to their GDP per capita

S/NCountryGDP per capita (in USD)
1.Luxembourg137,950
2.Ireland108,160
3.Switzerland98,770
4.Norway84,120
5.Iceland72,320
6.Denmark70,770
7.Sweden61,680
8.Netherlands61,160
9.Austria57,880
10.Finland56,830
11.Germany54,650
12.San Marino53,800
13.Belgium53,450
14.United Kingdom50,880
15.France47,950
16.Andorra42,710
17.Italy38,170
18.Malta34,550
19.Spain33,170
20.Slovenia31,030
21.Cyprus31,000
22.Estonia29,740
23.Czech Republic28,080
24.Portugal26,400
25.Lithuania24,210

It is important to remember that nominal GDP represents the monetary value of the goods and services that are produced in a country during a given period of time. Therefore, this metric provides us with a wealth of the country as a whole, that is, in a more generalized way than, for example, GDP per capita.

Read Also: The 15 Largest Countries in the European Union

The richest countries in Europe according to their nominal GDP

S/NCountryNominal GDP (in millions of USD)
1.Germany4,560,000
2.United Kingdom3,440,000
3.France3,140,000
4.Italy2,270,000
5.Russia1,700,000
6.Spain1,570,000
7.Netherlands1,070,000
8.Switzerland862,820
9.Turkey844,530
10.Poland720,350
11.Sweden660,920
12.Belgium619,160
13.Ireland550,520
14.Austria520,340
15.Norway458,400
16.Denmark414,550
17.Romania314,880
18.Finland314,540
19.Czech Republic302,060
20.Portugal271,190
21.Greece224,890
22.Ukraine203,930
23.Hungary198,990
24.Slovakia127,500
25.Luxembourg89,680

Additional information and clarifications

  • Turkey is officially located geographically in Europe.
  • Since last year the data for Andorra has been added, currently the 16th with the highest GDP per capita in Europe.

Similar Posts

Leave a Reply

Your email address will not be published.