5 Countries with the Best Economy in the World

3. Sweden

Overall Score: 3.04

GDP Ranking: 24

GDP Per Capita Ranking: 11

Economic Freedom Ranking: 10

Advanced Countries Ranking: 4

Sweden is the fourth most advanced nation in the world. In terms of nominal GDP, the Swedish economy is the 24th largest in the world, boasting an output of $586 billion in 2022, according to figures released by the IMF. Based on the aggregation of metrics studied for this analysis, Sweden is the third best economy in the world, with a per capita GDP of over $60,000.