Which is the richest country in middle east?
Qatar currently enjoys the region's highest per capita GDP at $128,000. It has derived its wealth from exploiting its natural gas reserves. With the revenues from its hydrocarbon industries Qatar has established a rentier economy. Qatar has also established the largest per capita sovereign wealth fund in the world. With a population under one million, the government has not found it necessary to diversify its economy.
Which is the country with the highest GDP per capita in the Middle East?
Qatar
Economy of the Middle East
No context provided
Which is the country with the highest GDP (PPP) in the Middle East?
Turkey
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Which is the country with the highest total GDP in the Middle East?
Turkey
Economy of the Middle East
https://en.wikipedia.org/wiki/Economy%20of%20the%20Middle%20East
An economic indicator is a statistic about an economic activity. Economic indicators allow analysis of economic performance and predictions of future performance. One application of economic indicators is the study of business cycles. Economic indicators include various indices, earnings reports, and economic summaries: for example, the unemployment rate, quits rate (quit rate in American English), housing starts, consumer price index (a measure for inflation), consumer leverage ratio, industrial production, bankruptcies, gross domestic product, broadband internet penetration, retail sales, stock market prices, and money supply changes.
Economic indicator
Turkey is the largest economy in the Middle East
Turkey is the largest economy in the Middle East
GDP comparisons using PPP are arguably more useful than those using nominal GDP when assessing a nation's domestic market because PPP takes into account the relative cost of local goods, services and inflation rates of the country, rather than using international market exchange rates, which may distort the real differences in per capita income.
List of countries by GDP (PPP)
There are different economic indicators that might point out a country's wealth. Qatar currently enjoys the Middle East's highest GDP per capita at $128,000, derived from exploiting its natural gas reserves. Nonetheless, when looking at both GDP and GDP (PPP), which considers the relative cost of local goods, services, and inflation rates, Turkey achieves the highest numbers of the region, being the overall largest economy of the Middle East.