10 Richest Countries by Median Income

In this piece, we will take a look at the 10 richest countries by median income. If you want to read our overview of the global economic environment, then head on over to 35 Richest Countries by Median Income.

10. Netherlands

Median Income: $17,154

The Netherlands has a GDP of $1.34 trillion and a median income of $17,154. The Netherlands ranks 10th among the richest countries by median income.

9. Denmark

Median Income: $17,432

Denmark is Scandinavian with a GDP of $458.09 billion. With a median income of $17,432, Denmark ranks among the richest countries by median income.

8. Sweden

Median Income: $17,625

Sweden is another Scandinavian country with one of the highest median incomes in the world. Sweden has a GDP of $736.75 billion and a median income of $17,625.

7. Austria

Median Income: $18,405

Formally the Republic of Austria has a GDP of $645.56 billion and a median income of $18,405. Austria is placed seventh among the richest countries by median income.

6. Canada

Median Income: $18,652

Canada is one of the largest economies in the world having a GDP of $2.47 trillion. Canada has a median income of $18,652 and ranks among the richest countries by median income.

5. United States

Median Income: $19,306

The United States is the largest economy in the world with a GDP of $27.97 trillion. The United States has a median income of $19,306.

4. Switzerland

Median Income: $21,490

Switzerland is one of the strongest economies in Europe. Switzerland has a GDP of $820.70 billion and a median income of $21,490.

3. Norway

Median Income: $22,684

Norway is ranked third among the richest countries by median income. Norway has a GDP of $470.17 trillion and a median income of $22,684.

2. United Arab Emirates

Median Income: $24,292

The United Arab Emirates is one of the most developed economies in the Middle East. The United Arab Emirates has a GDP of $952.17 billion and a median income of $24,292. The Middle Eastern country ranks second among the richest countries by median income. 

1. Luxembourg

Median Income: $26,231

Luxembourg is the richest country by median income with a median income of $26,231. Luxembourg has a GDP of $97.73 billion.

You can also take a look at 50 Least Developed Countries in the World in 2024 and 15 Richest Muslim Countries in the World.