The GDP per capita is attributed to the country's rich natural resources combined with a relatively small population of 4.3 million. Kuwait is also one of the richest countries in the world with a GDP per capita of $71,300, the 10th highest in the world and second in the Middle East. Kuwait is another tiny country in the Middle East with an area of 6,880 square miles. The GDP per capita registered a record-breaking growth of 1,156% in the 1970s. Qatar has a small population estimated at about 2.5 million and a GDP per capita of $129,700, the highest not only in the Middle East but also the world. This wealth of natural resource translates to a GDP of $166.9 billion. However, what the country lacks in size, it makes up with wealth in natural resources with Qatar having 25 trillion cubic meters of natural gas reserves, the third largest in the world and proven oil reserves of 15 billion barrels. Qatar is one of the smallest countries in the Middle East, occupying only an area of 4,473 square miles. The Richest Economies In The Middle East 1. Countries in the Middle East are also among the least populated in the world, translating to some of these countries having the highest GDP per capita in the world. Due to these large deposits and a growing global demand, the countries in the region have some of the largest GDPs in the world. The Middle East is home to some of the world’s largest deposits of oil and natural gas.
Kuwait has one of the richest economies in the entire Middle East.
The Richest And Poorest Economies In The Middle East Kuwait City, Kuwait.
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