Check out the below list of Top 10 Richest Arab Countries by 2017, Even though the first thing that comes to our mind when we say Arab is either the largest Peninsula in the world Saudi Arabia, the most modern of all the nations United Arab Emirates, there are a lot of other countries in the world surrounding these countries that have an Arabian origin. One of the best advantages of these countries is the fact that almost all these countries like in a Geographic surrounding that is quite ideal for anybody to extract some of the world’s most important resources.
Quite popular throughout the world for its unbeaten supremacy in the field of manufacturing petroleum and petroleum related products, almost all the Arabian countries are at least in the top 50 list of the world’s largest producers of oil and natural gas. The Arabian Peninsula along with all the countries that surround it makeup the Gulf region. Almost all the countries other than the famous two like Kuwait and Qatar are also quite popular for being the countries with the highest value for their currency. So comma it is quite true that many of these countries are rich enough to make a significant impact on the world’s economy.
So, here is a list of the top 10 richest Arab countries
Officially known throughout the world as the People’s Democratic Republic of Algeria, the Sovereign state is one of the richest in the African continent especially because of the abundance in a lot of natural resources which are in great demand around the international market. Algeria is quite popular for being the largest Oil producing nation in the whole of Africa and is also home to a lot of important minerals like Iron, Mercury, copper and lead. It is also said to be the most important exporter of natural gas to Europe. It is said to have a GDP of 7500 US Dollars per capita.
Tunisia known officially as the Republic of Tunisia is considered to be the top most of all the African countries lying on the political map of the world. The major source of income for this beautiful country comes from mining and manufacturing too, but it is tourism that plays the most significant role in the development of this country. It is said to share borders with the Mediterranean Sea and the largest desert of the world, the Sahara. Can Asia said to have a total GDP of $9,900 per capita and is currently one of the richest countries of the African continent.
Lebanon is one of the nations of the Arab province which shares its boundaries with Syria and Israel. Even though this country is subject to a lot of International border tensions, it still has some very significant cultural importance as it has been one of the most important centres for agriculture and business since ancient times. The most important source of income for the Lebanese people comes from agriculture and Commerce. It is said to have fun at Gross Domestic Product of $10,700 per capita.
Libya is one of the most popular North African countries especially known to be the 16th largest country in the world in terms of land area. It is also the fourth largest country of Africa. Quite popular throughout the world for being one of the major contributors to the production of petroleum and oil, it is also said to have the 10th largest number of oil reserves in the world. With a Gross Domestic Product of $11,497 per capita, it is undoubtedly one of the richest countries in the entire Arabian province.
Officially known as the Sultanate of Oman, it is one of the most royal countries in existence in the present world. Known throughout the world extensively for its beautiful architecture and the historic importance it possesses, it was also considered to be one of the most influential and powerful of all the kingdoms around the 18th century. The Oil reserves of Oman are undoubtedly one reason that make it one of the richest Gulf countries in the world. It has a net Gross Domestic Product per capita of $21,700.
5. Saudi Arabia
Saudi Arabia is undoubtedly one place which ranked high enough from the beginning as one of the richest Arab countries in the world especially because it is one of the largest producers of oil and natural gas in the world. Even though it runs at the top when it comes to the production of petroleum and petroleum related products it stands at the fifth place in this list which clearly implies having resources does not make a country the richest. Arabia is situated in a place which is geographically one of the most ideal locations for the extraction of most resources in the world. It is said to have a Gross Domestic Product of $24,900. This is one amongst the Top 10 Richest Arab Countries 2017.
The Kingdom of Bahrain is a very small Island situated near the Western side of the Persian Gulf. Bahrain is quite popular for having some of the most ideal tourist spots in the world alongside also being one of the largest producers of many interesting and exquisite goods It is said to have a net Gross Domestic Product 27900 US dollars per capita and is there for the fourth richest Arab country in the world.
3. United Arab Emirates
The United Arab Emirates is undoubtedly one Nation that needs to be in this list especially because of its ability to use its natural resources along with technology to produce something much better than anything else in the world. The most beautiful countries in the world are also taken aback when they look at the buildings in United Arab Emirates, and be it Burj Khalifa or Burj Al Arab even the magnanimous Palm Islands, almost every beautiful area has been developed in this place especially because of its oil reserves hand ability of this Nation to make good use of its resources. UAE is one of the best examples for our country that is both developed and is still rich with its natural resources. It is said to have a Gross Domestic Product of $44,500 per capita.
Kuwait is undoubtedly famous throughout the world for having a currency with the highest International value. It is quite popular also for being one of the richest Arab countries in the world that has made its fortune especially with its roaring economy and oil reserves. Latest said to have total gross domestic product per capita of about 45000 U S dollars thereby making it the second richest Arab country in the world.
Qatar is another such country quite close to gulf Nations like Saudi Arabia and United Arab Emirates, is also one of the largest producer of petroleum and natural gas. Qatar is said to have about 14% of the total world supply of natural gas which makes at one of the greatest exporters of natural gas. This is one reason why Qatar is the richest Arab country in the world. Some of the harbours of Qatar also said to have a maximum capacity of holding about 450 trillion cubic feet of natural gas. It is said to have a Gross Domestic Product of about $98,900 which is almost twice the GDP of Kuwait.
So, here was a list of the top 10 richest Arab countries as of 2017. These countries have gathered all these fortunes because of the extravagant oil and gas reserves. All these countries have well-developed infrastructures and are some of the richest countries in the world.