Comoros has the lowest GDP at $3.2 billion (PPP), or US$1.3 billion at nominal, followed by Djibouti at $6.7 billion (PPP). The country with the highest GDP per capita is Qatar, at $114,789 (PPP), IMF PPP per capita or US$84,514 (nominal).
Which Arab country is richest?
Qatar, Middle East – Qatar is currently the wealthiest country in the Arab World (based on GDP per capita).
How many Arabs live in poverty?
Poverty affects 130 million people in Arab countries, ESCWA says. One-third of the Arab population lives under the poverty line, a UN body said Saturday. A report by the United Nations Economic and Social Commission for Western Asia (ESCWA) said that poverty increased in the Arab countries to affect 130 million people.
Which Middle East country has the strongest economy?
Saudi ArabiaMENA region: Gross domestic product (GDP) in 2022, by country (in billion U.S. dollars)
Characteristic | GDP in billion U.S. dollars |
---|---|
Saudi Arabia | 1,108.15 |
Israel | 522.53 |
United Arab Emirates* | 507.54 |
Egypt | 475.23 |
Why is Yemen so poor?
Yemen, one of the poorest Arab countries, is highly dependent on declining revenues from relatively small oil and gas reserves. A complex civil war has exacerbated economic problems, unemployment, and shortages of food, water, and medical resources.
What are the 5 poorest countries?
In the world, the poorest countries are mostly located in Africa and Asia, with Burundi being the poorest country followed by Somalia, Mozambique, Central African Republic, and Madagascar.
Is Dubai richer than Saudi Arabia?
The United Arab Emirates is a high-income developing market economy. The UAE's economy is the 4th largest in the Middle East (after Saudi Arabia, Turkey, and Israel), with a gross domestic product (GDP) of US$498 billion (AED 1.83 trillion) in 2023. $509.17 billion (nominal; 2023 est.) $890.17 billion (PPP; 2023 est.)
Where do most Arab live?
The most populous Arab state is Egypt, the North African nation with a population of 109 million residents. Comoros, the Indian Ocean nation is the least populated, with around 821,625 inhabitants.
What are the three richest countries in the Middle East?
- Saudi Arabia. 68.45 thousand.
- Qatar. 114.21 thousand.
- Kuwait. 51.76 thousand.
- United Arab Emirates. 88.96 thousand.
- Bahrain. 60.72 thousand.
What is the most poor Arab country?
Who is the richest country in the world?
Top 10 economies by GDP per capita ranking 2023
Rank & Country | Continent | GDP-PPP per capita (in USD) |
---|---|---|
#1 Luxembourg | Europe | 135,610 |
#2 Ireland | Europe | 112,250 |
#3 Switzerland | Europe | 102,875 |
#4 Norway | Europe | 99,273 |
Did Yemen used to be rich?
For more than two millennia prior to the arrival of Islam, Yemen was the home of a series of powerful and wealthy city-states and empires whose prosperity was largely based upon their control over the production of frankincense and myrrh, two of the most highly prized commodities of the ancient world, and their …
What is Yemen rich for?
Yemen has reserves of oil, gas, cobalt, copper, gold, iron ore, nickel, and zinc, and industrial minerals such as limestone and gypsum.
Why is Somalia so poor?
Following the aftermath of civil war and prolonged conflict, Somalia is now one of the most impoverished nations in the world. This is largely due to the collapse of the Somali Democratic Republic in 1991, an event that divided the country. War waged, killing thousands of native Somalis.
Why is Turkey poor?
Low productivity in the agriculture sector. Agriculture employs about 20% of the working population in Turkey with a very low labor productivity, which translates into limited earnings potential.
Which country is no 1 richest country?
Currently, the richest country in the world in terms of GDP per capita is Luxembourg, with a GDP per capita of $135,700. Other wealthy countries include Bermuda, Ireland, and Switzerland, all with GDP per capita above $80,000.
How rich is Dubai?
The economy of Dubai represents a per capita gross domestic product as of 2022 of US$46,665. Thani Bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, announced that the UAE's non-oil trade over 10 years totalled Dhs16. 14 trillion ($US 4.4 trillion).
How many billionaires live in Dubai?
13 billionairesThere are now 202 centimillionaires, 13 billionaires, and 67,900 millionaires living in Dubai. The emirate's economy is extremely diversified and strong in a number of industries, such as basic materials, lodging, financial services, oil and gas, real estate, retail, and transportation.
What is the number 1 Arab country?
List
Rank | Country/Territory | 2023 GDP (US$ billion) |
---|---|---|
01. | Saudi Arabia | 1,069.44 |
02. | UAE | 509.179 |
03. | Egypt | 398.397 |
04. | Iraq | 254.993 |
Are Lebanese Arab or Persian?
Lebanon
Ethnic Groups in Lebanon | |
---|---|
Ethnicity | Percent |
Arabs | 95% |
Armenians | 4% |
Various other ethnicities: Mideast (Kurds, Turks, Assyrians, Iranians), Europeans (Greeks, Italians, French) and others | 1% |