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Author Topic: Qatar is still the richest country in the world  (Read 2862 times)
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July 12, 2017, 01:52:45 PM
 #1

Despite the sanctions/blockade from Saudi Arabia and its allies, Qatar has maintained its position as the richest country in the world, ahead of Luxembourg. Interestingly, 4 out of the 5 countries are in the Asian continent, with Macau, Singapore, and Brunei occupying positions #3 to #5. Average wages in Qatar stands at $129,112 per head, which is almost double of that in the United States.


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July 12, 2017, 02:20:01 PM
 #2

Average wages in Qatar stands at $129,112 per head, which is almost double of that in the United States.

What? I knew it was high but I didn't know it was THAT high. No wonder alot of people go overseas and work there.

I did a bit of research on Qatar's economy, it says that taxable income generally is subject to a flat (CIT) rate of 10%. That's alot lower than I expected with that high of an average wage.

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July 12, 2017, 03:05:21 PM
 #3

Oil has that effect on people.......it makes them rich.

That average is obviously high because of the vast amount of wealth at the very top. People near the bottom don't make a lot, but the one's at the top make more than the worldwide average.
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July 12, 2017, 03:11:51 PM
 #4

They are rich but as you see nowadays, they can't even go to bathroom without the West's permission.

Qatar is an artificial state of England. They originally belonged to Saudi's but the oil under that soil is just too much so the elites in the UK decided that that small soil has to have its own country.

Why do you think they buy all those lambos, golden showers and every unnecessary overpriced shit? Because they have to. That's how the West get their oil for free.

If they ever start thinking about education, philosophy, human rights and any other stuff which only exists in Euope&USA, they'll get bombed to the ground.

USA&EU are paying them so they can stay stupid and give their oil for free and they are so stupid, they use that money for lambos instead of educating themselves.




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July 12, 2017, 03:12:16 PM
 #5

Oil has that effect on people.......it makes them rich.

That average is obviously high because of the vast amount of wealth at the very top. People near the bottom don't make a lot, but the one's at the top make more than the worldwide average.


if car manufacturer creates and supports water/hydrogen being the fuel of cars, those oil countries will come tumbling down. we'll probably see arabs eating asian crickets and super worms for their meals. but then of course that's not going to happen. US has more oil businesses apart from war businesses.

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July 12, 2017, 03:18:31 PM
 #6

Despite the sanctions/blockade from Saudi Arabia and its allies, Qatar has maintained its position as the richest country in the world, ahead of Luxembourg. Interestingly, 4 out of the 5 countries are in the Asian continent, with Macau, Singapore, and Brunei occupying positions #3 to #5. Average wages in Qatar stands at $129,112 per head, which is almost double of that in the United States.



Thank you for this info.
Yes, it seems that Qatar is still no 1 in the world but it can change very quickly.
Qatar is in a very hostile environment and in political and economic blockade by neighbors.
Some predictions suggest possible violent conflict resolution and war.
In such scenario, Qatar will loose freedom and wealth.


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July 12, 2017, 03:39:14 PM
 #7

I can't believe this. Now i know why most of the indians work in Qatar. How can a small nation become so rich. I did some research on google. I found out that Qatar has became the richest nation because of their Oil and Gas resources. They are actually richest enough to build a stadium for the 2022 world cup.

There is a report that 40%of Qatar marriages end in divorce. Most of Qataris,
Qataris benefit from free education, free healthcare, job guarantees, grants for housing, even free water and electricity, but abundance has created its own problems.

Like to know more about Qatar from you guys...
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July 12, 2017, 04:07:40 PM
 #8

Despite the sanctions/blockade from Saudi Arabia and its allies, Qatar has maintained its position as the richest country in the world, ahead of Luxembourg. Interestingly, 4 out of the 5 countries are in the Asian continent, with Macau, Singapore, and Brunei occupying positions #3 to #5. Average wages in Qatar stands at $129,112 per head, which is almost double of that in the United States.



That is per capita I guess! If you notice, these countries are really small. So no wonder the per capita is very high because aside from being small countries, they have really huge income.

Asian countries are doing good. Time to change our way of looking at things. Time to dump aside the stereotypical way of looking at things.
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July 13, 2017, 01:14:06 AM
 #9

Thank you for this info.
Yes, it seems that Qatar is still no 1 in the world but it can change very quickly.
Qatar is in a very hostile environment and in political and economic blockade by neighbors.
Some predictions suggest possible violent conflict resolution and war.
In such scenario, Qatar will loose freedom and wealth.

Do you think that the Saudis have the balls to invade Qatar and loot the natural resources? Do you remember what happened to Kuwait, after the Iraqis invaded that nation? Also, there are American military bases inside Qatar, and this rules out any chance of a third party invasion.


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July 13, 2017, 08:17:59 AM
 #10

It still definitely have a smaller population than Saudi Arabia so that might affect the figures.

Oil has that effect on people.......it makes them rich.

That average is obviously high because of the vast amount of wealth at the very top. People near the bottom don't make a lot, but the one's at the top make more than the worldwide average.


if car manufacturer creates and supports water/hydrogen being the fuel of cars, those oil countries will come tumbling down. we'll probably see arabs eating asian crickets and super worms for their meals. but then of course that's not going to happen. US has more oil businesses apart from war businesses.

Save for it's effect on the environment, countries growing rich from oil is fine. The real problem is that the elites there use the money to fund  Islamism in other parts of the world. They seem to see it as a religious obligation. Funny that it wouldn't have been possible have it not for that oil engine from "Great Satan America". Prior to that, these countries are just barren land. Even Dubai maintains an exhibit to remind people what it looked like before the oil boom.
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July 13, 2017, 10:03:50 AM
 #11

I do not know if I should be proud that countries in Asia were among those richest country in the world because I am from Asia but my country was not part of it.  Hopefully someday.  No wonder why many of my countrymen were going abroad in those richest country in Asia.  But I was amazed that Saudi was the least on that list that you posted.  Well, despite the crisis that Qatar has been this year, they still maintained their position, I wonder now if I should go to that country or not.
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July 13, 2017, 10:43:44 AM
 #12

They are rich but as you see nowadays, they can't even go to bathroom without the West's permission.

Qatar is an artificial state of England. They originally belonged to Saudi's but the oil under that soil is just too much so the elites in the UK decided that that small soil has to have its own country.

Why do you think they buy all those lambos, golden showers and every unnecessary overpriced shit? Because they have to. That's how the West get their oil for free.

If they ever start thinking about education, philosophy, human rights and any other stuff which only exists in Euope&USA, they'll get bombed to the ground.

USA&EU are paying them so they can stay stupid and give their oil for free and they are so stupid, they use that money for lambos instead of educating themselves.

So what will they do when the electric and hybrid cars will take over and this will only take a few years to happen. Many manufacturers of cars which accounts for the most usage of oil nowadays will become self efficient and not need the oil anymore. I know the industry still needs oil as Airplanes cannot move long distances with electric motors, but still cars are much more than planes. Maybe oil will not be so expensive then, as it is now, we are paying an overpriced gasoline price here in Europe compared to the US.
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July 13, 2017, 11:16:21 AM
 #13

They are rich but as you see nowadays, they can't even go to bathroom without the West's permission.

Qatar is an artificial state of England. They originally belonged to Saudi's but the oil under that soil is just too much so the elites in the UK decided that that small soil has to have its own country.

Why do you think they buy all those lambos, golden showers and every unnecessary overpriced shit? Because they have to. That's how the West get their oil for free.

If they ever start thinking about education, philosophy, human rights and any other stuff which only exists in Euope&USA, they'll get bombed to the ground.

USA&EU are paying them so they can stay stupid and give their oil for free and they are so stupid, they use that money for lambos instead of educating themselves.

So what will they do when the electric and hybrid cars will take over and this will only take a few years to happen. Many manufacturers of cars which accounts for the most usage of oil nowadays will become self efficient and not need the oil anymore. I know the industry still needs oil as Airplanes cannot move long distances with electric motors, but still cars are much more than planes. Maybe oil will not be so expensive then, as it is now, we are paying an overpriced gasoline price here in Europe compared to the US.

Oil will always has a value and it will always be the cheapest energy source for cars. There will always people who favor oil cars over electric cars. The demand may decrease but it will always exist.

Electric cars use Lithium batteries and Lithium resources are also not unlimited. If Lithium prices start to get expensive because of manipulation or actual demand, the whole electric car business may lose its charm.

The most optimal way of using electricity in cars is making them hybrid right now. Electric only cars have many drawbacks like the long recharging times which oil cars don't.

Qatar is rich but like I said, If they rely solely on oil, they'll become the next Venezuela. They have to find others ways of making money.




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Wayan_Pedjeng
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July 13, 2017, 11:53:16 AM
 #14

Qatar is rich but like I said, If they rely solely on oil, they'll become the next Venezuela. They have to find others ways of making money.

Qatar has spent the oil/gas money wisely, unlike Venezuela. Although they are splashing some money in events such as the 2022 FIFA World Cup, they have build up sizable assets using the sovereign wealth fund.
Okurkabinladin
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July 13, 2017, 04:36:29 PM
 #15

UN gives Qatar a year to end forced labour of migrant workers.

Qatar has promised to introduce a new law later this year to end the kafala system under which migrant workers can only work for their sponsor and have no freedom to change employer or leave the country without their employers’ approval. Human rights campaigners have complained this allows conditions that amount to modern-day slavery for many of the migrant worker population of more than 1.5 million in Qatar.

The action comes in response to a complaint from a dozen countries including the UK, France, Pakistan and Canada, that Qatar was failing to observe the UN convention on forced labour.

https://www.theguardian.com/world/2016/mar/24/un-gives-qatar-year-end-forced-labour-migrant-workers
Nikola95
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July 13, 2017, 05:46:20 PM
 #16

I think they can't last long alone against their neighbours. Biggest problem for them is geography. They are almost surrounded by territories of those 4 countries.

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Okurkabinladin
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July 13, 2017, 05:58:03 PM
 #17

I think they can't last long alone against their neighbours. Biggest problem for them is geography. They are almost surrounded by territories of those 4 countries.

So? It is maritime country and all of its neighbours support wahabi terrorism just as Qatar is  Smiley where do you see the problem, sir?

Qatar and the U.S. on Tuesday struck a pact to strengthen Qatari action against terrorist funding, an issue at the center of the diplomatic crisis in the Gulf that has pit longstanding American allies against each other.

The memorandum of understanding was signed as Secretary of State Rex Tillerson was in the Qatari capital, Doha, part of his sweep through the region in pursuit of a negotiated settlement of the feud, now in its second month. With the accord, the U.S. and Qatar “will do more to track down funding sources, will do more to collaborate and share information and will do more to keep the region and our homeland safe,” Tillerson told a news conference in Doha.

https://www.bloomberg.com/news/articles/2017-07-11/tillerson-says-hopeful-of-ending-gulf-spat-on-visit-to-qatar
MyVeepz10
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July 13, 2017, 07:01:12 PM
 #18

Don't know if that chart is right, but yes they are the richest by now.
darkangel11
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July 13, 2017, 07:22:42 PM
 #19

Average wages in Qatar stands at $129,112 per head, which is almost double of that in the United States.
The average wage is a meaningless terminology.
In reality it looks like this:
A rich oil baron earns 10 million a year, while hundreds of people merely make $10k, but if you add them all together, the average wage will be over $100k  Wink
All this says is how many millionaires a country has, not how rich are the citizens.
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July 13, 2017, 07:35:28 PM
 #20

Quote
As a result of the partitioning of the Ottoman Empire, Qatar became a British protectorate on 3 November 1916. On that day, the United Kingdom signed a treaty with Sheikh Abdullah bin Jassim Al Thani to bring Qatar under its Trucial System of Administration. While Abdullah agreed not to enter into any relations with any other power without prior consent of the British government, the British guaranteed the protection of Qatar from all aggression by sea.[74] On 5 May 1935, Abdullah signed another treaty with the British government which granted Qatar protection against internal and external threats.[74] Oil reserves were first discovered in 1939. However, exploitation was delayed by World War II.

Quote
On 3 September 1971, those "special treaty arrangements" that were "inconsistent with full international responsibility as a sovereign and independent state" were terminated.[75] This was done under an agreement reached between the Ruler of Qatar and the Government of the United Kingdom.[76][75]
https://en.wikipedia.org/wiki/Qatar


The truth is, Qatar never had its independence. They are independent only on paper. Qatar is still a state of the Great British Empire. That's probably the case for Turkey either. When you see USA&SA getting mad at Qatar, you should actually see them getting mad at the UK.




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