In this article, we are going to discuss the Top 5 Richest Countries in the Middle East

The Middle East is home to a portion of the world’s biggest stores of oil and petroleum gas. Because of these enormous stores and developing worldwide interest, the nations in the locale have the absolute biggest GDPs on the planet. Nations in the Middle East are likewise among the least populated on the planet, meaning a portion of these nations having the most elevated GDP per capita on the planet.

Practically every one of the nations other than the well known two like Kuwait and Qatar are likewise very prevalent for being the nations with the most strong currency. So it is very obvious that a significant number of these nations are rich enough to have a huge effect on the world’s economy. Here is the top 5 richest countries of the middle east.

The Richest Countries in the Middle East

1.Qatar.

Kuwait 1st richest country

  • Rank: 1st Richest Country in the middle east.
  • GDP: $129,700 per capita.
  • Area: 4,473 square miles.
  • Petroleum Gas Capacity: 25 trillion cubic meters.
  • Oil Reserves: 15 billion barrels(third largest in the world).
  • Population: 2.5 million.

Qatar is one of the biggest producers of oil and petroleum gas. Therefore Qatar is the largest exporters of natural gas having a capacity of 25 trillion cubic meters of petroleum gas. Qatar is quite close to gulf Nations Like Saudi Arabia and the United Arab Emirates. However, the country has the smallest area of only 4,473 square miles. Country has also the world third biggest reserves of 15 billion barrels  (1788607067940 Liters). Qatar has a GDP(Gross Domestic Product) per capita of $129,700 the highest in the Arab and also in the world.

According to the UN Qatar has a very high human development. Qatar regarded as the most advanced Arab country for human development.

2.Kuwait.

Kuwait 2nd richest country in middle east

  • Rank: 2nd Richest Country in the middle east.
  • GDP: $71,300 per capita.
  • Area: 6,880 square miles.
  • Petroleum Gas Capacity: 25 trillion cubic meters.
  • Oil Reserves: 15 billion barrels(third largest in the world).
  • Population: 4.3 million

Kuwait is another small country of the Arab World. It has the highest Internation value currency in the world. Kuwait has a GDP per capita of $71,300.The GDP of Kuwait is the second highest in the world and 10th in the world. The country has estimated oil production capacity of 94 billion barrels with the production of 2.5 million barrels a day.

3.The United Arab Emirates.

UAE 3rd rich country in middle east

  • Rank: 3rd Richest Country in the middle east.
  • GDP: $67,700 per capita.
  • Area: 32,300 square miles.
  • Oil Reserves: 98 billion barrels.
  • Population: 9.3 million.

The United Arab Emirates utilize its common assets alongside innovation to create something much superior to whatever else on the planet. The most lovely nations on the planet are additionally shocked when they take a gander at the structures in the United Arab Emirates, Burj Khalifa or Burj Al Arab even the great Palm Islands.UAE is the third richest country in the Arab world.

4. Bahrain.

Bahrain 4th rich country in middle east

  • Rank: 4th Richest Country in the middle east.
  • GDP: $51,956 per capita.
  • Area: 295.368 square miles.
  • Oil Reserves: 124.6 million barrels.
  • Gass  Reserves: 200 billion cubic meters.
  • Population: 1.493 million.

Bahrain is a little Island arranged close to the Western side of the Persian Gulf. Bahrain is very famous for having some best places of interest on the planet. Also, it is perhaps the biggest maker of many fascinating and interesting products. It is said to have a net Gross Domestic Product 27900 US dollars for each capita and is there for the fourth riches Arab nation on the planet.

5.Saudi Arabia.

Saudi Arabia Bahrain 5th country in middle east

  • Rank: 5th Richest Country in the middle east.
  • GDP: $24,900 per capita.
  • Area: 830,000 square miles.
  • Oil Reserves: 268 billion barrels.
  • Gass  Reserves: 250 trillion cubic feet.
  • Population: 32.94 million.

Saudi Arabia is geographically the largest country in the Arab World,fifth-largest in Asia and 12th-largest in the world. Arab is arranged in a spot which is geologically one of the best areas for the extraction of most assets on the planet. Saudi Arabia was found in 1932 by Ibn Saud. He gathered four regions in a country. Sometimes Saudi Arabia called “The Land of the Two Holy Mosques” due to Al-Masjid al-Haram(in Mecca) and Al-Masjid an-Nabawi(in Median). These are the two holiest places in the history of Islam.

 

LEAVE A REPLY

Please enter your comment!
Please enter your name here