Qatar is still the richest country in the world

[RedditMaster]

It is actually crazy to me how much money the average person makes in Qatar. I could live like a king in my country (a very highly developed, first world country) for three years from that amount. As a matter of fact, I could live like a king here for FIVE years with just the amount that a single person in Qatar makes annually.

It is insane!

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[Sithara007]

It is actually crazy to me how much money the average person makes in Qatar. I could live like a king in my country (a very highly developed, first world country) for three years from that amount. As a matter of fact, I could live like a king here for FIVE years with just the amount that a single person in Qatar makes annually.

It is insane!

Qatar is the largest exporter of LNG i the world, and they have a population of only around 300,000 nationals (plus another 3 million expats). So all the revenues from the LNG sales is divided up by just around 40,000 families.

[icecube45]

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.

Good data, buddy. Yes as we know since finding one of LNG reserves with LNG reserves reaching 900 trillion cubic feet, Qatar became the largest LNG exporter in the world. Income from oil and gas make the country's average per capita income very large, and I do not wonder if this country became the richest country. So although some Arab countries cut off diplomatic relations, it will not have a big effect on this country. What I'm thinking right now is that if their liquefied natural gas (LNG) reserves run out for decades, will it still be the richest country? I am not convinced of this, unless Qatar has a large income other than liquefied natural gas (LNG).

[LilibethSantos]

They simply lucked out by having a tiny population with a ton of oil. If the population was over 10 million versus its current 2.6 million, it would probably have a similar gdp per capita as saudi arabia.

[viean]

I don't know that Qatar is the richest country. I know that Qatar is one of the progressive country

[kodes88]

i agree if qatar was one of the richest country in this world this year,but i am also see that luxembourg is above qatar,some website told us that qatar is number 3 under luxembourg and norwegia,they have really big PDB,and almost people in luxemburg have a job and have income more than 1 bilion in a year,very impressive.

[Fredomago]

They simply lucked out by having a tiny population with a ton of oil. If the population was over 10 million versus its current 2.6 million, it would probably have a similar gdp per capita as saudi arabia.

the advantage always take with the numbers of native people i'm also thinks the same if they have a lots of native that will share the rev of the oil
that they got the portion will not be the same lucky for those who lives in qatar that's why many of ofw here also wants to work from that place.

[Simplexton]

Gas and oil are two key commodities that have boosted the wealth of Qatar. The country's population is also small so the government has an easy time in the fair distribution of resources. Doha, the capital, is growing at an alarming rate.

[Jovrick]

I think they get a place where nature is so fertile they become a source of wealth, and that makes them a rich country is meddling English to shape the country qatar

[joebrook]

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.

Crude Oil hasn't been generating a lot of money for these oil producing countries recently due to the crash of the oil market these few years, they should have slipped down the list but it seems they are still hanging on to the top spots, i dont know their other source of income aside oil exportation.

[Andrianla]

Of course because qatar has sufficient natural gas reserves and many expatriate residents

[iram3130]

Of course because qatar has sufficient natural gas reserves and many expatriate residents

They don't have bread or water but yeah, they have money. Sometimes I feel we should send all those selfish money minded people to these countries and just leave them. The oil power is stronger than any other in this industrial world. People should value the nature and stop being selfish.

[glox]

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.

B Кaтape мнoгo пoлeзныx пpиpoдныx иcкoпaeмыx и cpaвнитeльнo нeбoльшaя cтpaнa и вce дoxoды oт пpoдaжи pecypcoв идyт нa paзвитиe экoнoмики.

[dali_masmoudi]

The Oil if making a great job there, not only in Qatar but in the Arabic Golf in general.
Also they know how to spend their money and here I am talking about Tourism.
Nowadays Qatar is one of the top 20 destinations in the world and it is one of the best places to make business.

[CriptoSven]

The Oil if making a great job there, not only in Qatar but in the Arabic Golf in general.
Also they know how to spend their money and here I am talking about Tourism.
Nowadays Qatar is one of the top 20 destinations in the world and it is one of the best places to make business.

It became possible and there are rich, but it is necessary to more accurately study How the country gives life to its citizens. How exactly are social guarantees distributed and what do citizens have from their state. If this is all to learn then you can get very original answers.

[Sithara007]

They simply lucked out by having a tiny population with a ton of oil. If the population was over 10 million versus its current 2.6 million, it would probably have a similar gdp per capita as saudi arabia.

Out of the population of 2.6 million (more like 3 million now), only somewhere around 250,000 and 300,000 are Qatari nationals. The rest are short-term immigrants from countries such as Nepal, Bangladesh, India and Pakistan. Now compare this to Saudi Arabia, where there are somewhere between 20 million and 25 million nationals.

[yakushev]

I wonder if it is difficult to become a citizen of this country? If the government cares about its citizens there, then I do not mind changing citizenship and leaving my poor country.
I wish I was born in Qatar

[kelceyott]

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.

The richest country in the world has to rely on the economy! Medical services, education, convalescence ... how. What is the standard of living in this country? How much does Bitcoin in the United States cost when selling a BTC? The countryside of cherry blossoms is also quite rich.

[Vishnu.Reang]

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

Not just Qatar, but all of the Gulf nations are horrible places to work for blue collar expat workers. That's why very few people from the developed world go there, despite of the high salaries. For the female housemaids from South Asia and Southeast Asia, the condition is even worse. On top of the physical abuse, they have to deal with sexual abuse as well.

[k@suy]

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

Not just Qatar, but all of the Gulf nations are horrible places to work for blue collar expat workers. That's why very few people from the developed world go there, despite of the high salaries. For the female housemaids from South Asia and Southeast Asia, the condition is even worse. On top of the physical abuse, they have to deal with sexual abuse as well.

Thats right. Been there and seen the situation but I think Qatar is quite an open country compared to other mid east country eccept UAE. Qatar has big reserve in gas that can sustain them in the years yo come.