April 7, 2021 | Eul Basa

5 Countries With The Highest Incomes


The United States may be the richest country in the history of the world overall. But there are lots of countries with higher GDPs per capita. For the most part, these are small but very wealthy nations. Let’s take a look at the 5 countries with the highest incomes.

For reference, America’s GDP per capita is about $59,500.

5. Bermuda

GDP per capita: $99,400

sandra-seitamaa-COsskg4ilTQ-unsplash-1536x1024.jpgPhoto by Sandra Seitamaa on Unsplash

Somewhat surprisingly, Bermuda has the highest GDP per capita in the western hemisphere. Tourism from North America is one reason, accounting for about 28% of the island’s economy. But the main reason is that Bermuda has become a hub for offshore financial services.

4. Luxembourg

GDP per capita: $106,300

luxembourg-2354945_1920.jpgImage by Pit Karges from Pixabay

Luxembourg was once rich because of its coal deposits. When that went out of fashion, this small low country transitioned to a service economy. Specifically financial services. Today, Luxembourg is famous for its laissez-faire banking.

3. Monaco

GDP per capita: $115,700

julien-lanoy-NC7PsIsZ-mE-unsplash-1024x683.jpgPhoto by Julien Lanoy on Unsplash

Monaco is a city state on the Mediterranean coast, surrounded by southern France on three sides. It is most famous for its capital -- Monte Carlo. Monaco’s reputation of seaside decadence -- and its loose tax laws -- have long attracted the well-to-do. In fact, about 30% of Monaco’s residents are millionaires.

2. Qatar

GDP per capita: $124,500

artificial-islands-3850752-1536x1024.jpgImage by Konevi from Pixabay

Qatar lands on this list for reasons you can likely guess. Firstly, it has a relatively small population. Secondly, it has some of the world’s largest deposits of oil and natural gas. 

1. Liechtenstein

GDP per capita: $139,100

oliver-schwendener-uWdzlMWijiI-unsplash-1024x683.jpgPhoto by Oliver Schwendener on Unsplash

A big reason Liechtenstein makes this list is because it is so small -- about 32,000 people. But, like some other countries on this list -- it has learned to punch above its weight by embracing no-questions-asked banking.

Thanks for reading about the countries with the highest incomes!


READ MORE

children

Conflicted People Reveal Their Most Dark And Disturbing Family Secret

Here lie real accounts of the moments people who thought they were "normal", discovered that their personal family secret is darker than expected.
July 12, 2018 Eul Basa
Internal_Template

Divorce Lawyers Share The Most Ridiculous Reason A Client Has Filed For A Divorce

A divorce is most often always a painful event. Here, divorce lawyers share the strangest reasons someone has come to their office and asked for a divorce.
August 10, 2018 Eul Basa
expulsion

Ex-College Students Share Their Crazy Expulsion Stories

Between partying and struggling to make pass, there are many chances for you to meet trouble in your college years. Rarely, though, people face expulsion.
August 11, 2018 Eul Basa
socinternal

Therapists Share The Exact Moment They Realized They Were Treating A Sociopath

The sociopath condition isn't diagnosed as much as movies make us to think. That doesn't mean there aren't real-life sociopaths out there seeking analysis.
August 16, 2018 Eul Basa
1

Wise People Share What You Should Know About Marriage Before Proposing

Proposing to your significant other is one of the biggest commitments that you can make in your life. Let these veterans tell you why.
September 7, 2018 Eul Basa
funnytest123

Teachers Share The Most Hilarious Answers People Have Filled Out On A Test

When students are uncertain the answers to questions, they often just give it their best guess or leave it blank. Some kids are a little more creative.
August 13, 2018 Eul Basa



Dear reader,


It’s true what they say: money makes the world go round. In order to succeed in this life, you need to have a good grasp of key financial concepts. That’s where Moneymade comes in. Our mission is to provide you with the best financial advice and information to help you navigate this ever-changing world. Sometimes, generating wealth just requires common sense. Don’t max out your credit card if you can’t afford the interest payments. Don’t overspend on Christmas shopping. When ordering gifts on Amazon, make sure you factor in taxes and shipping costs. If you need a new car, consider a model that’s easy to repair instead of an expensive BMW or Mercedes. Sometimes you dream vacation to Hawaii or the Bahamas just isn’t in the budget, but there may be more affordable all-inclusive hotels if you know where to look.


Looking for a new home? Make sure you get a mortgage rate that works for you. That means understanding the difference between fixed and variable interest rates. Whether you’re looking to learn how to make money, save money, or invest your money, our well-researched and insightful content will set you on the path to financial success. Passionate about mortgage rates, real estate, investing, saving, or anything money-related? Looking to learn how to generate wealth? Improve your life today with Moneymade. If you have any feedback for the MoneyMade team, please reach out to [email protected]. Thanks for your help!


Warmest regards,

The Moneymade team