5 Wealthiest Countries in the World by GDP Per Capita

2. Switzerland

GDP Per Capita: $91,991

Switzerland is located in Central Europe. The country has a strong luxury sector, with companies like Rolex, Hublot and Patek Philippe. The watches made in the country are highly sought-after around the world. 

Another factor that has led to the country becoming rich is its overwhelmingly friendly business and tax laws. It has one of the lowest corporate tax rates on the continent, which is only 8.5% as of 2022. Moreover, its personal income tax rate is also one of the lowest in the world, at only 11.5%. 

These factors, combined with its reputation as a global tax haven, make the country extremely attractive in corporate terms. Switzerland was also the go-to destination for offshore banking. However, that is no longer the case as the country is now a signatory to the Common Reporting Standards.