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Country GDP nominal billions of USD List of countries by GDP (per capita) Bahrain 43.544: 28,692 Cyprus 26.705: 53,705 Egypt 469.094: 4,504 Iran 367.968: 4,252 Iraq 282.876
The economy of the Middle East is very diverse, with national economies ranging from hydrocarbon -exporting rentiers to centralized socialist economies and free-market economies. The region is best known for oil production and export, which significantly impacts the entire region through the wealth it generates and through labor utilization.
The Middle East (term originally coined in English [see § Terminology] [note 1]) is a geopolitical region encompassing the Arabian Peninsula, the Levant, Turkey, Egypt, Iran, and Iraq. The term came into widespread usage as a replacement of the term Near East (as opposed to the Far East) beginning in the early 20th century.
The Human Development Report includes data for all 193 member states of the United Nations, [16] as well as Hong Kong SAR and the State of Palestine. However, the Human Development Index is not calculated for two UN member states: DPR Korea (North Korea) and Monaco, only some components of the index are calculated for these two countries.
Israel has the highest average wealth per adult in the Middle East. The Economist ranked Israel as the 4th most successful economy among the developed countries for 2022. It has the most billionaires in the Middle East, and the 18th most in the world. In recent years Israel had one of the highest growth rates in the developed world.
The table below shows the nominal GDP and GDP per capita for the 23* Majority Countries and Half Country of “Arab League members”* and Seven* Observers” Only in 2023. The figures shown are estimates compiled by the International Monetary Fund 's World Economic Outlook [1]
The Human Development Index (HDI) is a summary index assessing countries on 3 dimensions, health, education and standard of living using life expectancy at birth, expected years of schooling for children and mean years of schooling for adults, and GNI PPP per capita. The final HDI is a value between 0 and 1 with countries grouped into four ...
قطر. Qatar, [b] officially the State of Qatar, [c] is a country in West Asia. It occupies the Qatar Peninsula on the northeastern coast of the Arabian Peninsula in the Middle East; it shares its sole land border with Saudi Arabia to the south, with the rest of its territory surrounded by the Persian Gulf.