10 Most Developed Countries in the World Heading into 2024

7. Liechtenstein

HDI Ranking: 16 

GDP Per Capita: $184,083

Composite Score: 7

Over the past decades, the Principality of Liechtenstein, located in central Europe, has transformed into a dynamic, diverse business hub. This evolution is anchored in its centuries-old history. Since 1972, its economic output has almost quintupled, with private household income per capita leading all EU/EFTA countries. Stability and security are key to this development, supported by a stable political environment and strategic economic policies. Notably, Liechtenstein maintains a debt-free status and benefits from its affiliations with Switzerland and the European Economic Area (EEA), enhancing its economic stability.