10 World’s Smallest And Richest Countries

Small, rich and travel destinations were on our minds when we developed this list. The combination is deadly, in such a good way. The way we ranked the wealth of each country was by its gross domestic.

Small, rich and travel destinations were on our minds when we developed this list. The combination is deadly, in such a good way. The way we ranked the wealth of each country was by its gross domestic product per capita, which gave more honest results. The per capita GDP was taken from reports from three different sources: World Bank, International Money Fund and the CIA. After that, we just went for the countries that were the smallest and the most inviting vacation spots.

The above photo shows a woman enjoying the natural hot springs in Iceland, which was a bit lower on our list, but looked enjoyable nonetheless. With a per capita GDP of $41,000 and around 323,000 people to enjoy it in an area of 40,000-square miles, we think Iceland looks very inviting. Close to 650,000 tourists find their way to Reykjavik and the nearby countryside per year.

If Iceland’s not your idea of a great time, check out the ten smallest, wealthiest nations that are worth making a vacation destination.

10. Singapore

The Republic of Singapore is a city, state and island country which is located in Southeast Asia. It is known as one of the cleanest countries in the world, as the laws are very strict regarding litter and pollution. For example, car owners pay an extra tax and if they travel into the city center, there is a toll. The island is only 85-square miles and is home to around 5.5 million people so the Prime Minister and government feel responsible for looking ahead not behind. The per capita GDP of $55,000 gives this country a higher place in line than the majority of larger countries.

9. San Marino

The “Most Serene Republic of San Marino” is surrounded by Italy and is located on the north-eastern side of the Apennine Mountains on the peninsula. It is only 24-square miles, with about 30,000 residents and is one of the wealthiest, small countries in the world. The per capita GDP of this jewel in the country is $59,000.

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8. United Arab Emirates

By now everyone has heard about the opulence in the United Arab Emirates (UAE) with the state-of-the-art architecture and unusual attractions. Dubai and Abu Dhabi now bring in visitors from all over the world. Its population is filled with more expatriates (7.8 million) than Emirati citizens (1.4 million) and the total 9.2 million inhabitants live within 26,000-square miles, which is divided into seven principalities.

7. Switzerland

Switzerland is a lot more than luxury timepiece stores and banks. It is a haven for both winter and summer sports and perfect for enjoying its incredible, mountainous countryside. The 15,940-square mile country is nestled in between Italy, France, Germany, Austria and Liechtenstein among the Alps. Over 8 million people reside in Switzerland and they are lucky to enjoy an $81,000 per capita GDP, which makes this one of the smallest, richest countries in the world.

6. Macau (Macao)

The per capita GDP is quite high, at $91,000, for the Macau population of about 625,000 who share a space of 12.1-square miles. It is one of the richest countries on our list and has an economy that depends on the gambling and tourism trades to keep it there.

5. Norway

The Kingdom of Norway is located on the Scandinavian peninsula, Jan Mayen, the Arctic archipelago of Svalbard and Bouvet Island, which is partly on the Arctic. As you can see from this photo, it is simply breathtaking, quaint and natural. It is 148,747-square miles and approximately 5.1 million people call themselves Norwegians.

This country is considered one of the wealthiest countries in the world and a high per capita GDP of $100,400 that comes from an economy that has combined both free market and government run sectors, such as health, parental leave (46 weeks).

4. QatarQatar is a sovereign state of 4,468-miles located on a small peninsula on the coast of the larger Arabian peninsula. Approximately 2.2 million people live there and the per capita GDP is very high and comes in around $104,000.

3. Luxembourg 

Beautiful Luxembourg is located between Belgium, Germany and France. Its small area of 998-square miles is home to about 600,000 residents where a grand duke is the country’s leader. The per capita GDP is close to $111,000 and there is a very low history of inflation and unemployment.

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2. Liechtenstein

Liechtenstein is one of the smallest countries in the world and the only country to be completely nestled in the Alps. It’s 62-square mile area is bordered by Austria and Switzerland and approximately 35,000 residents live there.

1. Monaco

Monaco is the second smallest and richest country in the world and is situated on the Riviera between France and Italy. The country is smaller than New York’s Central Park yet its per capita GDP is a startling $188,409.

Historically, it is most known for the famed marriage between American actress Grace Kelly and Prince Rainier III. It’s also the home of the annual Grand Prix, which is a prestigious Formula One auto race that has been run on the Circuit de Monaco since 1929.

Other luxury and elite sports and events are held in Monaco, such as the Monaco Super Yacht Show, the Tour de France and the ATP Tennis Masters Series. Monaco is a common stop for the millions of tourists who flock to this tiny country of 40,000 population each year.