Canada fails to crack the top 10 in ranking of richest countries
Canada may be a rich country; however, it didn’t quite make the cut for the top 10 wealthiest countries.
Canada still ranks among the wealthiest nations globally, even as other countries edge ahead in the latest report. HelloSafe, an online insurance and financial product comparison platform, recently published its Prosperity Index 2026, which evaluates 31 countries.
Although a country’s wealth is often measured by GDP per capita, the report takes a more holistic approach. It emphasizes that wealth isn’t just about income — it’s about how wealth translates into quality of life and long-term development.
Countries get a prosperity score using five indicators: GDP per capita in purchasing power parity (PPP), gross national income (GNI), human development index (health, education, and standard of living), income inequality, and relative poverty rate.
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“The HelloSafe Prosperity Index was designed to measure the real prosperity of nations: not what a country produces, but what its inhabitants actually experience day to day,” states the report. “Unlike rankings based solely on GDP, our index integrates quality of life, income distribution, and the capacity of an economy to translate its wealth into concrete improvements in its population’s living standards.”
Taking these factors into account, the report ranks 20 of the richest countries in the world. So, how did Canada score?
Canada is currently the 18th richest country in the world, with a prosperity score of 39.44 out of 100, ranking just behind the U.S., which is at number 17. The report attributes both countries’ scores to “genuine economic strength, but weaker results on inequality and social indicators.” Canada is ahead of the Czech Republic, which ranked 19th and France in 20th place.
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The richest country in the world is Norway, with a score of 77.65, followed by Ireland in second place with a score of 75. The report states that true wealth is reflected in how it impacts the “daily life of the ordinary citizen.”
These are the 20 richest countries and their prosperity scores, according to HelloSafe:
- Norway — 77.65
- Ireland — 75.06
- Luxembourg — 74.39
- Switzerland — 72.46
- Iceland — 72.23
- Singapore — 66.43
- Denmark — 65.78
- Netherlands — 58.17
- Belgium — 54.83
- Sweden — 54.62
- Qatar — 50.60
- Germany — 50.41
- United Arab Emirates — 50.22
- Finland — 49.13
- Australia — 46.24
- Austria — 43.46
- United States — 43.39
- Canada — 39.44
- Czech Republic — 38.49
- France — 38.12
Read the full report online.