Qatar has round 2.4 million individuals residing in a comparatively tiny 12,000 sq. kilometer nation. The quick reply to the query on why Qatar is wealthy is that this: oil. In actual fact, amongst all members of the OPEC, Qatar is the smallest. Qatar is, by far, the richest nation on this planet, with a GNI per capita of $116,799 greater than $20,000 increased than another nation. The nation has extra in oil reserves than all however two different international locations worldwide equal to 13% of the worldwide provide. This pure useful resource brings in tens of billions of {dollars} to the nation of lower than 3 million residents annually. Oil income helps subsidize authorities companies within the nation. Petroleum accounts for almost all of Qatar’s exports 87%. Because of its robust financial system, Qatar’s unemployment price is without doubt one of the lowest on this planet, at 0.2%
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