Some of the smallest countries in the world continue to dominate the list of the world’s richest countries, an analysis by Global Finance Magazine shows.

The ranking was published in February 2017 and based on data from the International Monetary Fund.

The magazine ranked the world’s countries according to their gross domestic product (GDP) based on purchasing power parity (PPP) per capita.

The PPP takes into account the relative cost of living and the inflation rates of the countries to compare living standards among the different nations.

The small countries that dominate the top ten all have small populations compared to countries that lead the world purely in terms of GDP – such as the United States, China, or Germany.

Most of these small nations heavily depend on immigrant workers who often do not reside in the country they are working in or are not granted resident status, and are therefore not counted in the GDP per capita calculations.

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15 of the 30 richest countries in the world are in Europe, while big some big economies such as the US, Japan, and Canada also made the cut.

The GDP per capita listed represents the amount of wealth produced in 2016 and is expressed in international dollars.

Here are the top 30 (and here’s the full study):


30. Japan — GDP per capita: $38,893 (£31,732)

Foto: source ESB Professional / Shutterstock

29. Finland — GDP per capita: $41,812 (£34,114)

Foto: source Scamrail1/Shutterstock

28. France — GDP per capita: $42,384 (£34,581)

Foto: source REUTERS/Jacky Naegelen

27. United Kingdom — GDP per capita: $42,513 (£34,686)

Foto: source Getty

26. Oman — GDP per capita: $43,737 (£35,685)

Foto: source Shutterstock

25. Belgium — GDP per capita: $44,881 (£36,618)

Foto: source Shutterstock


24. Canada — GDP per capita: $46,239 (£37,726)

Foto: source Shutterstock

23. Denmark — GDP per capita: $46,602 (£38,022)

Foto: source REUTERS/Bob Strong

22. Taiwan — GDP per capita: $47,790 (£38,991)

Foto: source Anisha Shah

21. Austria — GDP per capita: $47,856 (£39,045)

Foto: source Alex Poison/Shutterstock

20. Iceland — GDP per capita: $48,070 (£39,220)

Foto: source Flickr/James Kirkus-Lamont

19. Germany — GDP per capita: $48,189 (£39,317)

Foto: source Sean Pavone / Getty Images

18. Australia — GDP per capita: $48,806 (£39,820)

Foto: source Taras Vyshnya/Shutterstock

17. Sweden — GDP per capita: $49,678 (£40,532)

Foto: source Sourceli/Shutterstock

16. Bahrain — GDP per capita: $50,302 (£41,041)

Foto: source Getty

15. The Netherlands — GDP per capita: $50,846 (£41,485)

Foto: source kavalenkava volha/Shutterstock

14. Saudi Arabia — GDP per capita: $54,078 (£44,122)

Foto: source REUTERS/Ali Jarekji

13. United States — GDP per capita: $57,293 (£46,745)

Foto: New York City. source kaysha/Flickr

12. Hong Kong — GDP per capita: $58,094 (£47,375)

Foto: source Ronnie Chua/Shutterstock

11. Switzerland — GDP per capita: $59,375 (£48,420)

Foto: source Shutterstock

10. San Marino — GDP per capita: $64,443 (£52,553)

Foto: source REUTERS/Stefano Rellandin

9. United Arab Emirates — GDP per capita: $67,696 (£55,206)

Foto: source Reuters/Matthias Seifert

8. Norway — GDP per capita: $69,296 (£56,510)

Foto: source Flickr/Andrés Nieto Porras

7. Ireland — GDP per capita: $69,374 (£56,574)

Foto: source Tilman Ehrcke/Shutterstock

6. Kuwait — GDP per capita: $71,263 (£58,114)

Foto: source Reuters/Stephanie Mcgehee

5. Brunei — GDP per capita: $79,710 (£65,003)

Foto: source Wikimedia/Sam garza

4. Singapore — GDP per capita: $87,082 (£71,015)

Foto: source Flickr/aotaro

3. Macao — GDP per capita: $96,147 (£78,407)

Foto: source REUTERS/Bobby Yip

2. Luxembourg — GDP per capita: $101,936 (£83,128)

Foto: source Barbara Tasch

1. Qatar — GDP per capita: $129,726 (£105,791)

Foto: source Fitria Ramli / Shutterstock