Luxembourg (GDP per Capita: $128,259)
The richest country in Europe probably comes as a surprise to many readers. Far from being one of the most “popular” European countries, Luxembourg nevertheless boasts one of the strongest economies in the world. Indeed, following a recent estimate completed in 2023, Luxembourg is said to enjoy the highest per capita domestic product the world over. This is largely due to the country’s strong financial sector, as well as the relative stability of its government.
But what is it like to live in Luxembourg? Unsurprisingly, it’s pretty great! Luxembourg is one of the most desirable countries to live in, ranking consistently high in quality-of-life polls and indexes.
Ireland (GDP per Capita: $103,684)
Apart from the United Kingdom, Ireland is perhaps one of the most popular places for people from all over the world to visit. The country is defined primarily by its rich cultural traditions, but its economy is nothing to scoff at either. With a GDP per capita of $103,684, the country’s “free” economy maintains many strong financial and institutional strengths. As if that weren’t enough, the overall quality of living is very high, especially when compared to some of its immediate neighbors like the United Kingdom.
Of course, the experience of living in or visiting Ireland will be different for many, but the numbers don’t lie.
Switzerland (GDP per Capita: $99,994)
Many readers probably expected Switzerland to land much higher on this list. The country is famous for its high quality of living (in addition to cheese and chocolate, of course). It’s surprising, then, how wide the gap once was between this third spot and the second – in 2021, there was a difference of almost $50,000! Still, thanks to its strong service sector, Switzerland still ranks as having one of the strongest economies in the world.
Additionally, Switzerland’s strong, varied export market contributes to its robust economy. Pharmaceuticals, chemicals, and good old-fashioned gems are the most popular exports, but the country’s industries are also strong.
Norway (GDP per Capita: $87,961)
Like Switzerland, Norway’s ranking on this list may come as a surprise to many. Indeed, the country is famous for its high standard of living, strong economy, and relative lack of crime and corruption. The country ranks consistently high in levels of public trust – it’s not uncommon for people to leave expensive items like laptops, headphones, and even pieces of jewelry unattended. Really, Norway has it all – the only downside is the extremely high cost of living. Safety comes at a steep price, it seems.
Other than that, many people who relocate to Norway are known to be much happier after doing so. The country’s strong economy and diverse culture are both major draws, and it welcomes plenty of new visitors every year.
