• Credit Cards
    • Balance Transfer
    • Purchase
    • Balance Transfer & Purchase
    • Credit Building
    • Bad Credit
    • Cashback
    • Rewards
    • Foreign Use
    • Money Transfer
  • Loans
    • Car Finance
  • Savings
  • Current Accounts
  • Mortgages
  • Utilities
  • Insurance
    • Life Insurance
  • Investing
  • Money Transfer
    • Send Money Abroad
Sign In
  • Best Buys
  • Household Money
  • Banking & Borrowing
  • Mortgages & Home
  • Saving & Making Money
  • Rights, Scams & Politics
  • Motoring & Travel
  • Investing & Pensions
  • Savings & ISAs
  • Features
  • Compare
  • Credit Cards
    • Balance Transfer
    • Purchase
    • Balance Transfer & Purchase
    • Credit Building
    • Bad Credit
    • Cashback
    • Rewards
    • Foreign Use
    • Money Transfer
  • Loans
    • Car Finance
  • Savings
  • Current Accounts
  • Mortgages
  • Utilities
  • Insurance
    • Life Insurance
  • Investing
  • Money Transfer
    • Send Money Abroad

10 countries that used to be poor but are now rich

The nations that went from rags to riches
Luxembourg
Luxembourg
Luxembourg
Switzerland
Switzerland
Switzerland
Norway
Norway
Norway
Brunei
Brunei
Brunei
South Korea
South Korea
South Korea
Spain
Spain
Spain
Singapore
Singapore
Singapore
Saudi Arabia
Saudi Arabia
Saudi Arabia
Qatar
Qatar
Qatar
Ireland
Ireland
Ireland
1 of 31
IamDoctorEgg/Shutterstock

The nations that went from rags to riches

The world's wealthiest countries weren't always so affluent. Believe it or not, some mega-rich nations featured in this list used to be seriously poor and had to overcome major economic obstacles to get to where they are today.

Read on as we chart the rise of 10 countries that turned their fortunes around to become the most prosperous nations on the planet.

All GDP figures from World Population Review unless otherwise noted.

All dollar values in US dollars.

Gallery view |
List View

Daniel Coughlin

23 May 2024

Features

See more on this topic

Share the love