Hi there, I believe you’ve been enjoying our piece of informative writings even as we will enlighten you on the Richest Countries in Europe in this article. When you list continents of the world Europe is one of the continents, it covers a small land area which is about 10.18 million square kilometers. Out of the approximated 190 countries in the world, 50 of these countries are situated on the European continent. From our previous articles on “Richest Countries in the World” we could see that European countries occupy a large spot on the list. In this vein, we are tasked to among these European countries write about the Top 10 Richest Countries in Europe and as well provide you with all the information you need.
In most online fora, here are the commonly most asked questions, and we might be touching some of these questions here to cover the intricacies as regard Richest Countries In Europe 2020.
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TOP 10 RICHEST COUNTRIES IN EUROPE 2020- ALL YOU NEED TO KNOW
Europe is unarguably among the leading continents in terms of economic development. As a result of this large number of European countries live above the globally recognized poverty line. Yearly, European countries appear on various lists of the world’s wealthiest nations.
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- #1. Luxembourg
- GDP Per Capita: $110,697
Luxembourg is atop the list of the Richest Countries in Europe 2020 currently occupying the first spot. The country is situated in the Western Europe and among the founding member of the European Union. Luxembourg is seen as one of the least countries in Europe that is less populous, Luxembourg has a low population estimated below 1 million inhabitants. Despite the country being landlocked with an estimated population of 590,667, they still enjoy a blossom in economic activities. This has been beneficial to the country with robust economic policies and low population to achieve remarkable progress and boost the standards of living of its citizens.
- #2. Norway
- GDP Per Capita: 100,818.50
Second, on our list of Richest Countries in the world is Norway also known as the Kingdom of Norway due to their ruling system which is the monarchy system of Government and their country is also a sovereign state situated in North West Europe. Tourism happens to play a powerful role in the economy of Norwegians.
The landscape of Norway includes fascinating museums and also glaciers, and mountains adding some beautiful spiciness to its natural beauty.
Interesting facts about Norway
- The deepest lake in Europe is called Hornindalsvatnet, in Norway with its depth of 514 m (1,686 ft)
- Vinnufossen in Norway is Europe highest waterfall (860 m / 2,822 ft) and the 6th in the world
- #3. Switzerland
- GDP Per Capita: $84,815.3
Switzerland is also known as the Swiss Confederation situated in the Central region of Europe. A country that has achieved enormous height when talking about economic growth. The country is popular for its covered-snow mountain which attracts these winter tourists. The mountains look very beautiful during winter. With this substantial per capita, the country deserves the third spot on our list of the Richest Countries in Europe 2020.
- #4. Ireland
- GDP Per Capita GDP: $61,375
Ireland one of the Richest Countries in the world 2020.
The Republic of Ireland is a small country located in the North Atlantic Ocean. There is plenty of island in Ireland making the 13th country with the highest number of island and 3rd in Europe and consists of high mountains of about 3000ft.
Ireland is also a tourist attracted Country. They earn massively from tourism in national income alone. Ireland has a sanitary environment and beautiful atmosphere which adds species to the tourist visitors.
One notable interest and fact account of this country is that Ireland is a free snake zone and the only country in Europe where Abortion is still illegal. Except it is done to save the life of the mother
- #5. Sweden
- GDP Per Capita: $60,430
Sweden is located in the North region of Europe. Been a monarchy country it is otherwise called the Kingdom of Sweden, happens to be one of the Scandinavian countries. The lake covers 9% of Sweden land area, and almost half of its land is occupied by forest.
Sweden is famous for its enticing island and coastal cities, and they benefited massively from exploration. Also, the country exports iron, steel, paper, etc. to other countries. Some surveying organizations after concluded that Sweden has consistently maintained a high level of national progress which is important when it comes to economic progress, this country has always sustained per capita income of $60,430, which invariably made the country the fifth richest country in Europe. In the world record, Sweden maintains a good position of countries with the highest GDP per capita and Sweden is the 8th countries in the world with the highest Per Capital income.
- #6. Netherlands
- GDP Per Capita: $50,790[better-ads type='banner' banner='1474' ]
The Netherlands also is known as Deutschland or Holland is situated in Western Region Europe. They have two country capitals, Amsterdam (the official capital) and The Hague (the seat if the Government and the first capital). Besides Amsterdam, the official capital city of the Netherlands, Rotterdam is another major city in the country, and it is considered the largest port on the European continent. The Netherlands is also among the member States that founded the European Union.
Netherland has the taller sets of people in the world; Men are measured 184 cm and 170 cm for women.
- #7. Austria
- GDP Per Capita: $50,546,70[better-ads type='banner' banner='1474' ]
Austria can be found in the Central region of Europe Also known as the Republic of Austria with the German language as its official speaking language. Austria is among the least populated countries in Europe. Austria operates a federal system of government.
Austria is a beautiful country and for sure a place for anyone planning a tour anytime soon. Austria overtime has preserver tourism one of its major sources of national income. The state makes a fortune from its tourism sector with many tourist attractions, the city of Vienna happens to be the most notable of all. ‘City of Vienna’ happens to be the most recognized among others even though they have lots of tourist attracted areas.
Also, Austria continues to appear among the Richest Countries in Europe as per average income under its adequate standard of living coupled with an efficient financial market.
- #8. Iceland
- GDP Per Capita: 47,469,19
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Iceland is located in Region of North Atlantic Ocean, and it is referred to as Iceland Nation. The country’s population is a major factor that contributes to the vast average income. There are a lot of volcano activities in the country as there are about over 125 active Volcano in Iceland and the country has no forest. Aside from that, the country is famous for some notable features including lava fields, exotic geysers, landscapes, and hot springs. Relating to different economic models, Iceland boasts of tangible positions which distinguish the nation as one of the most developed nations both in Europe and the world. Iceland is ranked fifth in the global rankings of GDP Purchasing Power Parity and seventh position in terms of global productivity index.
- #9. Belgium
- GDP Per Capita: $47000
Ninth on our list of Richest Countries in Europe is the Kingdom of Belgium, a sovereign state situated at the Western Region of Europe. Here are countries the Belgium shares land borders, she shares a border with the North Sea and a few European countries the likes of Luxembourg, Germany, France, and the Netherlands. The country is greatly admired for producing delicious chocolates and sumptuous beer.
Belgium collects 57.8 tax rate making it one of the highest tax rate country in Europe.
- #10. Germany
- GDP Per Capita: $46,268.64
Germany draws the curtain on the discussion of the Richest Countries in Europe, a country that is undoubtedly one of the most populated countries in Europe with a population of 82.79 million. Germany is respected globally for the expertise and professionalism in sports. Germany main source of income is production and manufacturing. Another propelling drive of Germany is Technology which happened to be one of the country's sources of revenue, and they are known for producing powerful automobiles such as Porsche, Audi, and Mercedes-Benz. They also export finished products to other countries, and as a result of this, making Germany the top three exporting countries in the world. They are the second highest producers of cars after Japan and also second producers of motors in general after the USA.
Europe Countries And Region, State and Capital And current President
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Conclusion on the Top 10 Richest Countries in Europe 2020- All You Need To Know
I believe justice has been made to the Top 10 wealthiest Countries in Europe and most of which are also found among the Richest Countries in the World. Surprisingly most of the countries seen on this list were not expected especially with their population and the land area occupied, but with quality economic policy, they are found to be the Richest Countries in Europe.
Tag: Top 10 Richest Countries in Europe 2020- All You Need To Know, Richest Countries In Europe 2020, Top 10 Richest Countries In Europe, List Of Richest Countries In Europe, Richest To Poorest Countries In Europe, Richest Countries In Eastern Europe.