Saudi Arabia No More The Richest Among Muslim Nations, Find Out Which Country Tops The List

Muslim-majority nations, including Qatar and Kuwait, exhibit diverse economic landscapes, with Qatar leading as the wealthiest in 2011, boasting a GDP per capita of $88,919 (approximately Rs 74 lakh). Kuwait follows with $54,664 (approximately Rs 46 lakh) per capita, driven by oil reserves and robust financial sectors.

03:35 PM Jul 05, 2024 IST | News24 Desk

saudi arabia no more the richest among muslim nations find out which country tops the list

Explore the economic diversity among Muslim-majority nations, from Qatar's robust GDP to Kuwait's oil-driven economy.

Islam ranks among the world's largest religions, boasting around 1.9 billion adherents globally. These followers reside across numerous nations, notably Saudi Arabia and Indonesia, both with substantial Muslim populations. Despite this shared faith, these countries exhibit diverse economic landscapes, each at its distinct level of development. Interestingly, several Muslim-majority nations are among the wealthiest globally.

According to a report on universitymagazine.ca featured in TEMPO.CO, Qatar ranks as the wealthiest Muslim-majority nation. With a population of approximately 1.7 million, Qatar boasted a GDP per capita of about $88,919 (approximately Rs 74 lakh) in 2011, driven by robust exports of natural gas, oil, and petrochemicals, contributing significantly to its rapid economic growth globally.

Kuwait ranks second, with a population of 3.5 million. In 2011, its GDP per capita was $54,664 (approximately Rs 46 lakh). Kuwait is known for its substantial crude oil reserves of around 104 million barrels and maintains a robust economy bolstered by shipping and financial sectors.

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In 2010, Brunei Darussalam boasted a GDP per capita of $50,506 (approximately Rs 42 lakh), placing it as the third wealthiest Muslim-majority nation. Brunei's prosperity stems from its extensive oil and natural gas reserves, which have been operational for over 80 years. Additionally, the country is a significant exporter of hydrogen resources and liquefied natural gas.

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The United Arab Emirates (UAE) ranked as the fourth richest Muslim-majority nation in 2011, with a GDP per capita of $48,222 (approximately Rs 40 lakh). Similar to Brunei, the UAE's economy relies heavily on the oil and gas sector, particularly from exports of petroleum and natural gas.

Oman holds the fifth position, possessing oil reserves of 5.5 billion barrels and producing 816,000 barrels per day, as reported by TEMP.CO. In 2011, Oman's GDP per capita stood at $28,880 (approximately Rs 24 lakh). Besides its significant oil and gas reserves, Oman also boasts resources like copper, gold, zinc, and iron.

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