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Kuwait Is The Third Richest Arab Country

Kuwait ranked third in the Arab world and 39 in the world in the list of the richest countries in the world in 2021 in terms of per capita share of GDP, which amounted to $25,290, according to the American magazine “CEO World”,  Arabic daily Al Rai reported

Qatar ranked first as the richest Arab country, while it was ranked 10 in the world, with the Qatari per capita share of the gross domestic product reaching $59,143 followed by the UAE 26 globally, with a share of $35,171, and Bahrain with 41 globally, where the per capita share of the gross domestic product reached $24,294, then Saudi Arabia 43 Globally, with a share of $22,700, and Oman 51 globally, with a share of $16,212.

As for Luxembourg, it ranked among the richest countries in the world in 2021, with a per capita GDP of $131,782, followed by Switzerland with a share of $94,696, then Ireland with a share of $94,556, then Norway with a share of $81,995, and the United States of America came in fifth place with a per capita share. $68,309.

By gross domestic product, the magazine means the market value of all final goods and services locally in a country, that is, what is produced within the state during a specific period of time, and helps in measuring the standard of living of the individual, and the index is also considered a measure of the performance of the economy, the higher the rate of GDP, the greater the size of the overall.

 

SOURCE  TIMESKUWAIT

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