Top 100 Countries with the Greatest Purchasing Power, Ireland, the world’s richest country this year

Rank	Country/Territory	GDP-PPP per capita ($)
1	Ireland	145,196
2	Luxembourg	142,490
3	Singapore	133,895
4	Qatar	124,848
5	Macao SAR	89,558
6	United Arab Emirates	88,221
7	Switzerland	87,963
8	Norway	82,655
9	United States	80,035
10	San Marino	78,926
11	Brunei Darussalam	75,583
12	Hong Kong SAR	74,598
13	Denmark	73,386
14	Taiwan	73,344
15	Netherlands	72,973
16	Iceland	69,779
17	Austria	69,502
18	Andorra	68,998
19	Germany	66,132
20	Sweden	65,842
21	Belgium	65,501
22	Australia	65,366
23	Saudi Arabia	64,836
24	Malta	61,939
25	Finland	60,897
26	Guyana	60,648
27	Bahrain	60,596
28	Canada	60,177
29	France	58,828
30	South Korea	56,706
31	United Kingdom	56,471
32	Israel	54,997
33	Cyprus	54,611
34	Italy	54,216
35	New Zealand	54,046
36	Kuwait	53,037
37	Slovenia	52,641
38	Japan	51,809
39	Czech Republic	50,961
40	Aruba	49,627
41	Spain	49,448
42	Lithuania	49,266
43	Estonia	46,385
44	Poland	45,343
45	Portugal	44,708
46	The Bahamas	43,913
47	Hungary	43,907
48	Puerto Rico	43,845
49	Croatia	42,531
50	Oman	42,188
51	Romania	41,634
52	Slovak Republic	41,515
53	Turkey	41,412
54	Latvia	40,256
55	Panama	40,177
56	Seychelles	39,662
57	Greece	39,478
58	Malaysia	36,847
59	Maldives	36,358
60	Russia	34,837
61	Kazakhstan	32,688
62	Trinidad and Tobago	32,054
63	Bulgaria	32,006
64	St. Kitts and Nevis	29,662
65	Chile	27,608
66	Mauritius	29,164
67	Uruguay	28,470
68	Montenegro	27,761
69	Argentina	27,261
70	Costa Rica	26,422
71	Dominican Republic	25,896
72	Serbia	25,432
73	Libya	24,559
74	Antigua and Barbuda	24,012
75	Mexico	23,820
76	Belarus	23,447
77	China	23,382
78	Thailand	22,675
79	Georgia	21,923
80	North Macedonia	21,111
81	Grenada	20,075
82	Turkmenistan	19,974
83	Bosnia and Herzegovina	19,604
84	Iran	19,548
85	Armenia	19,489
86	Colombia	19,460
87	Botswana	19,398
88	Gabon	19,197
89	Albania	19,029
90	Barbados	18,858
91	Brazil	18,686
92	Azerbaijan	18,669
93	Equatorial Guinea	18,510
94	St. Lucia	18,435
95	Suriname	18,427
96	St. Vincent and the Grenadines	17,793
97	Egypt	16,979
98	Moldova	16,840
99	Palau	16,394
100	Peru	16,132

This year, Ireland has secured its position as the wealthiest nation globally. However, it is also recognized as one of the most significant corporate tax havens globally, providing more advantages to multinational corporations than it does to the average Irish citizen.

If we solely consider a nation’s gross domestic product—the aggregate value of all goods and services produced within a country in one year—then we’d be compelled to conclude that the wealthiest nations are precisely those with the most substantial GDP: the United States, China, Japan, Germany. However, how could the economies of smaller entities like Singapore or Luxembourg ever rival those of such economic powerhouses, given their modest size on the global map?