The primary issues affecting the North African country are its high unemployment rates, high illiteracy rates, economic unpredictability, and financial inequality. 1 on the poorest Arab country list. The UAE is the second richest country in the Arab world, with a GDP per capita of $70,470. The GDP is calculated by dividing the total Even before the ongoing conflict, Yemen was the poorest country in the Arab world. Jordan’s economy has been weak for a long time, with high unemployment, rising inflation rate, and limited local energy resources. According to OPEC, Saudi Arabia is its second largest member with 22.4% share of the world’s crude oil reserves.Kuwait is the third richest country in the Arab world, with a GDP per capita of $67,970. 3 on the poorest Arab country list with a GDP per capita of $9,280. Below are the list of the top 5 richest and poorest Arab countries for 2019. 5 spot on the richest Arab country list, and its economy ranks 23rd in the world. The region harbors some of the world’s richest nations as well as some of the poorest.The International Monetary Fund (IMF) has released its list of countries’ GDP per capita for 2019. Kuwait is a small petroleum-based economy; its currency, the Kuwaiti dinar is the highest-valued unit of currency in the world.Sitting pretty at the no. One of them is Bill Gates, who remains the world’s wealthiest individual with a fortune of $75bn.Forbes also said that Facebook’s Mark Zuckerberg had the best year among the billionaires, with the 31-year-old adding $11.2bn to his fortune and moving to six from 16.Geographically, the United States has the most number of billionaires at 540, followed by mainland China with 251, Germany with 120, Russia with 77 and Brazil with 23.Forbes billionaires list: Top 10 richest people in the GCCSaudi Arabia’s PIF abandons bid for Newcastle UnitedWhy regional companies should focus on improving employee efficiencyUAE food and drinks maker Agthia shifts to home deliveriesPrior Covid-19 tests mandatory for all passengers arriving or transiting through UAE airportsSaudi Arabia to Bahrain causeway reopens from July 23Kuwaiti MP proposes move to stop issuing residency permits for expats aged over 60Saudi Arabia refutes reports that it is mulling income tax The European country of Luxembourg has been classified and defined as the richest country in the world. The kingdom’s economic wealth can be credited to its production and export of petroleum. Out of the 195 countries in the world, Sudan ranks as the 148th poorest.With a GDP per capita that has plummeted to $2,400, Yemen ranks at no. It is a peninsula located in the Arabian Gulf, and it is found in the Middle East Asia. Qatar is also renowned for having less than 1% unemployment rates in the world.With a GDP per capita of $12,050, Libya is the fifth poorest Arab country.
Get daily business news from the region delivered straight to your inboxSaudi billionaire Prince Alwaleed once again tops regional rich list.Billionaires across the world have seen a drop in their personal fortunes with their aggregate net worth down $570bn from last year, According to the annual ranking of the world’s richest, the number of billionaires was also down to 1,810 from a record 1,826 a year ago.It was also the first time since 2010 that the average net worth of a billionaire dropped, the report said. Read on to find out what the top 10 looks like.
Qatar’s primary source of wealth is its ginormous oil and natural gas reserves. But the fact that the country sits on around 10 percent of the world’s Therefore, when we say we want to highlight the richest countries in the world what we mean is that we are looking for countries with the least amounts of poverty, unemployment, and despair. The is the richest country in the world. The findings are based on the gross domestic product values of the countries. Measuring the richest countries in the world might seem like a daunting task, but it is just a matter of statistics. The country is not only the ninth richest in the world, but is also one of the wealthiest among Gulf Cooperation Council member states, second only to Qatar. Bahrain With a GDP per capita of $50,870, Bahrain sits at the no. Prince Alwaleed Bin Talal Alsaud Country of citizenship: Saudi Arabia Rank: 41 Net worth: $18.3bn Sector: Investments Age: 60 2. The UAE’s economic success mostly comes from oil and natural gas resources, tourism, and construction.Qatar ranks no. Bahrain is a high-income economy, rich in oil and natural gas resources, aluminum export, and tourist attractions.Saudi Arabia is the fourth richest Arab country, with a GDP per capita of $56,820, and 15th richest in the world. Without further time-wasting let us now get straight to it: we give you the top 10 richest countries in the world. The North African country used to be the richest country in Africa because of its large amount of oil reserves, corruption and war however made that a thing of the past. The Top 5 Richest Arab Countries 5. Jordan is the 117th poorest country in the world.Morocco sits at no. 1 on the list with a GDP per capita of approximately $134,620. Although, blessed with some natural resources including petroleum, never-ending conflicts and protests are the main reasons for the economic instability in the country.