Denmark Moves Up in Ranking of Richest Countries  

2014.07.10

Denmark is the country in the world with the highest GDP per capita that does not rely on a significant amount of its wealth from either natural resources or from the finance and gambling sectors.

Danish coin

In the annual World Bank listings of the richest countries in the world – measured by GDP per capita – Denmark does well. Up two places from 9th to 7th richest country in the world, Denmark is now the highest placed country that doesn’t rely on natural resources, finance or gambling.

With a GDP per capita of USD 58.930 Denmark has overtaken Bermuda and Kuwait, and is now placed just above Sweden. The World Bank list is topped by Luxembourg and Norway that derive great wealth from the financial sector and natural resources respectively. Without such drivers of wealth, Denmark’s high level of wealth is driven by a dual focus on a strong business climate with favourable framework conditions on the one hand, and ensuring a high quality of life resulting in a well-educated and motivated workforce on the other.

About the World Bank list: GDP per capita is gross domestic product divided by midyear population. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. The full World Bank list can be found here.

IDK
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