Here are the top 10 highest-income countries in the world in 2022, according to the World Bank. Who's number one?

Economics & Macro

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Cindy Mutia Annur 06/07/2023 15:47 WIB

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According to the World Bank Atlas method of calculation, Bermuda had the highest gross national income (GNI) per capita in 2022, reaching US$125,240.

Top 10 Countries with the Highest Gross National Income (GNI) per Capita in the World (2022)

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Here are the top 10 highest-income countries in the world in 2022, according to the World Bank. Who's number one?

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Top 10 Countries with the Highest Gross National Income (GNI) per Capita in the World (2022)

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The latest data from the World Bank shows that 83 countries were classified as high-income countries in 2022. This is based on the World Bank's calculation of Gross National Income (GNI) per capita exceeding US$13,845.

So, which countries occupied the top 10 positions in terms of high income in 2022?

Based on the World Bank's Atlas method of calculation, Bermuda had the highest GNI per capita in 2022, reaching US$125,240.

This British Overseas Territory had a population of only 63,532 in 2022. Despite this, it is one of the most densely populated countries in the world, with a land area of only 54 square kilometers (km²).

In second place was Norway, with a GNI per capita of US$95,510. This country has a population of 5.45 million and a land area of 624,499 km².

Next, in third place, was Luxembourg with a GNI per capita of US$91,200. It was followed by Switzerland with a GNI per capita of US$89,450 and Ireland with US$81,070.

The Atlas method uses a specific exchange rate calculation: the average exchange rate for that year and the exchange rates for the two preceding years, adjusted for the difference between the country's inflation rate and international inflation. This aims to reduce the impact of exchange rate fluctuations on cross-country comparisons of national income.

Here is a list of the 10 countries with the highest GNI per capita based on the World Bank's Atlas method:

1. Bermuda US$125,240
2. Norway US$95,510
3. Luxembourg US$91,200
4. Switzerland US$89,450
5. Ireland US$81,070
6. Isle of Man US$79,300
7. United States US$76,370
8. Denmark US$73,200
9. Qatar US$70,500
10. Faroe Islands US$69,560

On the other hand, Indonesia is categorized as an upper-middle-income country with a GNI per capita of US$4,580 in 2022. Indonesia ranked 121st out of 196 countries, according to World Bank data.

Editor : Erlina Fury Santika

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Here are the top 10 highest-income countries in the world in 2022, according to the World Bank. Who's number one?

Here are the top 10 highest-income countries in the world in 2022, according to the World Bank. Who's number one?

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