Top 10 Richest Countries in Europe in 2025

European countries continue to stand out in terms of GDP per capita, demonstrating how they have successfully built their economies.

They have excelled in various sectors, such as finance, technology, natural resources, and tourism. 

Here are the top 10 richest countries in Europe and what makes them economically successful.

1. Luxembourg

Luxembourg continues to be the richest country in Europe in 2025, based on GDP per capita. Despite its small size, Luxembourg has built a strong economy largely due to its financial sector. The country is home to many international banks and investment firms, making it a global financial centre. 

Luxembourg’s wealth is also supported by favourable tax policies, which attract businesses and high-net-worth individuals.

The country’s strong economy and low population contribute to its high per capita income, making it one of the most prosperous nations in Europe.

2. Ireland

Ireland has seen tremendous economic growth in recent years, positioning itself as one of the richest countries in Europe. 

The country benefits from a business-friendly environment, which has attracted multinational tech companies like Google, Apple, and Microsoft. Ireland’s economy is also bolstered by the pharmaceutical sector, with global companies setting up their manufacturing plants there. 

Ireland’s low corporate tax rates have played a key role in attracting foreign investment, making it a hub for technology, pharmaceuticals, and other industries. 

3. Switzerland

Switzerland is another highly wealthy country, with a stable economy driven by several sectors, including banking, luxury goods, and pharmaceuticals. 

The country has long been known for its strong financial system, with Swiss banks attracting international clients seeking security and privacy. Switzerland’s luxury watch industry is world-renowned, contributing significantly to its wealth. 

The country also excels in sectors such as healthcare and pharmaceuticals, where companies like Novartis and Roche play a leading role globally. 

Switzerland’s high quality of life, low unemployment, and strong currency make it one of Europe’s wealthiest countries.

4. Norway

Norway’s wealth comes primarily from its vast natural resources, particularly oil and gas. The country has used its oil revenues wisely, investing in a sovereign wealth fund that has grown to become one of the largest in the world. 

Norway also boasts a high standard of living, supported by excellent public services such as healthcare and education. The country has focused on ensuring that its wealth from natural resources is used to benefit future generations. 

Additionally, Norway has been making strides in renewable energy and sustainability, which helps secure its long-term economic growth.

5. Iceland

Iceland may be small in size, but it has a strong economy that relies on tourism, fishing, and renewable energy. The country’s stunning landscapes and natural wonders attract millions of tourists each year, making tourism a key driver of its wealth. 

Iceland is also a leader in renewable energy, particularly in geothermal energy, which powers much of the country. The fishing industry is another important sector, contributing significantly to the country’s GDP. 

Despite its small population, Iceland’s high quality of life and strong economy place it among the wealthiest countries in Europe.

6. Denmark

Denmark is known for its innovative industries, strong welfare system, and high standard of living. The country excels in areas like clean energy, pharmaceuticals, and technology. 

Denmark’s focus on sustainability and green energy has made it a leader in wind energy production, contributing to its wealth. The country also offers excellent healthcare and education systems, which improve the quality of life for its citizens. 

Denmark’s strong economy, combined with its emphasis on work-life balance, makes it one of the wealthiest and happiest nations in Europe.

7. Netherlands

The Netherlands is one of the richest countries in Europe, with a highly developed economy focused on international trade and business. 

The country’s strategic location and excellent infrastructure make it a key hub for global commerce. Rotterdam’s port is one of the busiest in Europe, facilitating trade throughout the continent and beyond. 

The Netherlands also has a strong agricultural sector, producing a wide range of products for export. Additionally, the country’s well-developed financial and technology sectors contribute to its wealth, making it a dynamic economy with high standards of living.

8. San Marino

San Marino, a tiny landlocked country surrounded by Italy, is one of the richest nations in Europe despite its small size. San Marino’s wealth comes from its strong banking sector, tourism, and a favourable tax system. 

The country attracts wealthy individuals and businesses looking for low tax rates and a secure environment for their investments. 

San Marino’s beautiful landscapes and historical sites also make it a popular tourist destination, further boosting its economy. With a high GDP per capita, San Marino stands out as a prosperous nation in Europe.

9. Austria

Austria has a well-diversified economy, with strong sectors in manufacturing, tourism, and services. 

The country’s industrial sector includes the production of machinery, vehicles, and chemicals, while tourism remains a major contributor to its GDP, with visitors flocking to Austria for its rich cultural heritage and stunning landscapes.

 Austria’s stable economy, high quality of life, and efficient public services have helped it maintain a high standard of living for its citizens. The country’s focus on innovation and sustainability ensures continued growth and prosperity.

10. Sweden

Sweden is known for its innovation, high-tech industries, and commitment to sustainability. The country has a strong economy, driven by industries like telecommunications, automotive, and clean energy. 

Sweden has become a global leader in sustainability, with a strong focus on renewable energy and eco-friendly technologies. The country’s social welfare system, which includes universal healthcare and free education, contributes to a high standard of living. 

Sweden’s wealth comes from its ability to innovate, invest in green technologies, and maintain a high quality of life for its citizens.