The 25 Richest Countries In Europe 2024 (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/N	Country	GDP per capita (in USD)
1.	Luxembourg	137,950
2.	Ireland	108,160
3.	Switzerland	98,770
4.	Norway	84,120
5.	Iceland	72,320
6.	Denmark	70,770
7.	Sweden	61,680
8.	Netherlands	61,160
9.	Austria	57,880
10.	Finland	56,830
11.	Germany	54,650
12.	San Marino	53,800
13.	Belgium	53,450
14.	United Kingdom	50,880
15.	France	47,950
16.	Andorra	42,710
17.	Italy	38,170
18.	Malta	34,550
19.	Spain	33,170
20.	Slovenia	31,030
21.	Cyprus	31,000
22.	Estonia	29,740
23.	Czech Republic	28,080
24.	Portugal	26,400
25.	Lithuania	24,210

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/N	Country	Nominal GDP (in millions of USD)
1.	Germany	4,560,000
2.	United Kingdom	3,440,000
3.	France	3,140,000
4.	Italy	2,270,000
5.	Russia	1,700,000
6.	Spain	1,570,000
7.	Netherlands	1,070,000
8.	Switzerland	862,820
9.	Turkey	844,530
10.	Poland	720,350
11.	Sweden	660,920
12.	Belgium	619,160
13.	Ireland	550,520
14.	Austria	520,340
15.	Norway	458,400
16.	Denmark	414,550
17.	Romania	314,880
18.	Finland	314,540
19.	Czech Republic	302,060
20.	Portugal	271,190
21.	Greece	224,890
22.	Ukraine	203,930
23.	Hungary	198,990
24.	Slovakia	127,500
25.	Luxembourg	89,680

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.