Luxembourg, a small European country, has a GDP of $89.1 billion with a population of 639 thousand. It managed to handle the Covid-19 pandemic well and focuses on using its wealth to improve living standards, healthcare, and education.
Ireland, with a GDP of $589.57 billion and a population of 5.03 million, recovered from the 2008 financial crisis by reforming its banking sector. It’s a major hub for corporate tax havens, attracting big multinational companies like Apple, Google, and Microsoft.
Singapore, with a GDP of $497.35 billion and a population of 5.45 million, is a bustling business and trade centre. Despite facing challenges like the pandemic and economic slowdown in China, it remains a wealthy nation with a high concentration of affluent individuals.
Qatar, with a GDP of $235.5 billion and a population of 2.93 million, relies on its vast natural resources, especially oil and natural gas reserves, which significantly contribute to its wealth.