25 Richest Countries in Europe

Europe is formed of several developed countries. It is the world’s sixth-largest continent in total land area, home to 47 tiny countries, and accounts for only 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 4.3 trillion US dollars. Monaco has the highest GDP per capita in Europe and the globe, at US$190,532 in 2021; nevertheless, some European nations have higher GDP per capita.

Boats and Buildings in Monaco, Image by Free-Photos from Pixabay

Countries by GDP Per Capita

RankCountryGDP Per Capita
(In US$)
Estimation ByYear
1 Monaco190,532United Nation2019
2Liechtenstein179,258United Nation2019
3Luxembourg131,782International Monetary Fund2021
4Switzerland94,696International Monetary Fund2021
5Ireland94,556International Monetary Fund2021
6Norway81,995International Monetary Fund2021
7Iceland65,273International Monetary Fund2021
8Denmark67,218International Monetary Fund2021
9Sweden58,977International Monetary Fund2021
10Netherlands58,003International Monetary Fund2021
11Finland54,330International Monetary Fund2021
12Austria53,859International Monetary Fund2021
13San Marino49,765International Monetary Fund2021
14Germany51,860International Monetary Fund2021
15Belgium50,103International Monetary Fund2021

Countries by GDP (nominal)

RankCountryGDP Per Capita
(In US$ Billions)
Year
1 Germany4,3192019
2United Kingdom3,1242019
3France2,9382021
4Italy2,1062021
5Russia1,7102021
6Spain1,4612021
7Netherlands1,0122021
8Switzerland8242021
9Poland6422021
10Sweden6252021
11Belgium5782021
12Austria4812021
13Ireland4762021
14Norway4442021
15Denmark3922021

Note: GDP estimation by International Monetary Fund.

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 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 persons per square kilometer. Monaco’s total income is estimated to be approximately $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 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 timepieces. Banking, technology, and engineering are the trade routes and income sources.

GDP per capita: US$ 94,696
Currency: Swiss franc