Some of the Richest Arab Countries in the World!

There are a lot of different things you can consider when ranking the richest countries in the Arab world. For instance, if you were to ask me how much oil the country produced, I'd give it more weight than how much money they make in tourism. However, there are still plenty of statistics out there that can help you make your decision about which countries are the richest. If you take a look at these statistics and have any other thoughts on which Arab country deserves to appear as number one on this list, let us know!

United Arab Emirates

The United Arab Emirates (UAE) is a federation of seven emirates comprising Abu Dhabi, Ajman, Dubai, Fujairah, Ras al-Khaimah and Sharjah.

Emiratis constitute about 96% of the total population. The UAE has the highest Human Development Index (HDI) rank in the Arab world and is one of the very few countries in the world to achieve a perfect HDI rating.

The country is made up of seven different emirates each with its own ruler. Each emirate has its own flag and emblem. The capital city is Abu Dhabi while Dubai is the largest city in the UAE by area.

Emirates are ruled by hereditary monarchs who are elected every four years or so by their fellow emirs. They also have their own parliament which consists of two chambers: Shura Council and Majlis Ash-Shura.

The economy is largely based on petroleum products and tourism which together account for about two thirds of GDP at present. Agriculture accounts for only about one sixth of GDP at present though it was once almost three quarters as large before oil prices dropped dramatically in mid-2014 due to lower demand from China and other countries

Qatar

Qatar, the richest Arab country and the world's richest in natural gas reserves, is a monarchy with a small population. The country is made up of two separate parts: the capital Doha and the larger Jazeera region centered around Doha. The population of Qatar is about 1 million people, but there are many immigrants from other Arab countries living in Qatar.

Qatar has a well-developed education system that includes private schools and universities. The government provides free education for residents up to university level. The Qatari government also provides free healthcare for all citizens.

The economy of Qatar depends on oil exports, which are expected to account for 80% of the country's gross domestic product by 2020. Tourism plays an important role in this economy as well, with more than 5 million visitors coming to Qatar each year to enjoy its beaches and other tourist attractions.

Qatar is one of the most liberal countries in the Middle East when it comes to sex tourism; many young men travel to Qatar looking for hookups with local girls or prostitutes who are willing to go home with them after meeting their needs during their stay

Kuwait

Kuwait is a sovereign Arab country on the Persian Gulf. The country is rich in oil, natural gas, and other natural resources.

The Kuwaiti economy has enjoyed strong growth in recent years, fueled by rising oil prices and high levels of foreign direct investment. Inflation was relatively low between 2003 and 2007 at about 3%, but it increased sharply during 2008 due to the global financial crisis.

Kuwait's GDP per capita was estimated at $37,700 in 2010. The country has a large petroleum sector, which accounts for about one-third of GDP and provides employment for more than 70% of the workforce. Oil production accounted for more than 95% of export earnings in 2006; other major exports include liquefied natural gas (LNG), chemicals, fertilizers and cement products.

The government's fiscal policies have been prudent and effective in controlling monetary inflation; inflation averaged 3% between 2003 and 2007 but rose sharply to nearly 9% in 2008 due to the global financial crisis that hit oil exporters hard. After declining slightly in 2009, inflation rose again in 2010 due to higher food prices caused by drought conditions across much of the Middle East