In 2025, Luxembourg was the country with the highest gross domestic product per capita in the world. Of the 20 listed countries, 13 are in Europe and five are in Asia, alongside the U.S. and Australia. There are no African or Latin American countries among the top 20. Correlation with high living standards While GDP is a useful indicator for measuring the size or strength of an economy, GDP per capita is much more reflective of living standards. For example, when compared to life expectancy or indices such as the Human Development Index or the World Happiness Report, there is a strong overlap - 14 of the 20 countries on this list are also ranked among the 20 happiest countries in 2024, and all 20 have "very high" HDIs. Misleading metrics? GDP per capita figures, however, can be misleading, and to paint a fuller picture of a country's living standards then one must look at multiple metrics. GDP per capita figures can be skewed by inequalities in wealth distribution, and in countries such as those in the Middle East, a relatively large share of the population lives in poverty while a smaller number live affluent lifestyles.
This statistic shows gross domestic product (GDP) of the MENA countries in 2024. The MENA region in North Africa and the Middle East comprises the countries Algeria, Bahrain, Egypt, Iran, Iraq, Israel, Jordan, Kuwait, Lebanon, Libya, Morocco, Oman, Qatar, Saudi Arabia, Syria, Tunisia, United Arab Emirates, and Yemen. In 2024, the GDP of Saudi Arabia amounted to approximately 1.085 trillion U.S. dollars.
The discovery of oil has had a huge impact on economics and politics within the Middle East, as well as the region’s relationship with the west and the way regional standards of living. Before the discovery of oil, fishing and pearling were the primary economic sectors of many Gulf States. After the discovery of oil and due to the immense value of oil, many Middle East countries made oil their economic focus, changing livelihood of their people in just a few decades. One example is Kuwait, whose economy focused mainly on fishing and pearling prior to the discovery of oil in 1934. Now, oil extraction and processing accounts for 50% of the country’s GDP, 90% of export earnings, and 75% of government revenues1. Typically, the more oil a country exports the less economically diverse it is. Booz & Company did a study to look at the economic diversity of the Gulf States, which are very oil-rich, in comparison to the rest of the world, and found that the economic diversity of the GCC (the countries of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates) was much lower than that of European or other “western” states3. Since oil is a nonrenewable resource it will become important for these countries to diversify their economies and become independent of oil as reserve levels decline. Recently, attempts of economic diversification have been made in several oil diverse nations such as the aluminum smelting industry in Bahrain, Qatar, and the UAE, taken up as an attempt to diversify their economy6; however, the reason that the industry of aluminum smelting has grown in these counties is because aluminum smelting requires immense amounts of oil. Therefore, the economics of these counties is in reality not that diversified. The Export Diversity Index is defined as the number of prominent commodities a country exports. Goods made from the same derivative, such as crude oil and petroleum products, were categorized as belonging in the same industry for simplicity purposes. The data represented in the map was obtained from lists of each country's ten most lucrative exports, and the index ranges on a scale of 1 to 10 different exports4. We noticed that the countries with the greatest volume oil resources had the lowest score on the index because more goods they produced were related to the oil industry. The map of oil reserves gives a good visual representation of which Middle Eastern countries are the most oil-rich, and shows a high concentration of marks in the Gulf states, particularly the in the Persian Gulf where off-shore reserves are located. The countries with the lowest score on the index were Saudi Arabia (with a score of 2), Kuwait (4), Bahrain (2), and Qatar (2). It is interesting to note that although other countries may have high concentrations of certain resources within their borders it is only the oil-rich countries that have the lowest levels of export diversity. The only exceptions to this trend are countries with a government that has made particularly strong efforts to become less oil-reliant, such as the United Arab Emirates7. Although, we recognize that a country's economic diversity also accounts for its domestic economy, which generally relies heavily on the country's exports. Therefore this analysis concludes that the Export Diversity Index is an indicator of a country's economic index. The data we have compiled has implications for the future of many of the Gulf States, especially Saudi Arabia, as the international community attempts to wean itself off of fossil fuels.Amanda Doyle, March 2012WORKS CITED1.“Kuwait Economy”. Encycopedia of the Nations, Advameg, Inc. 2011. http://www.nationsencyclopedia.com/Asia-and-Oceania/Kuwait-ECONOMY.html.2.Burke, Edmund, and Yaghoubian, David N. Struggle and Survival in the Modern Middle East. 2nd ed. University of California Press: Berkley, CA, 2006.3.“Economic Diversification”. The Ideation Center. 2011. http://www.ideationcenter.com/home/ideation_article/economic_diversification.4."UN Data: Country Profile”. UN Division of Statistics, United Nations. 2011. http://data.un.org/CountryProfile.aspx5."USGS identifies potential giant oil and gas fields in Israel/Palestine”. EnerGeoPolitics. 2010. http://energeopolitics.com/2010/04/09/usgs-identifies-potential-giant-oil-and-gas-fields-in-israelpalestine/6. "A Summary of Existing and New-Buuild Smelters in the Middle East". Aluminium International Today. January /February 2009. http://www.improvingperformance.com/papers/Primary%20Article%20AIT.pdf.7. "UAE to Diversify Economy - To Reduce Dependence on Oil and Natural Gas Revenues". Oil Gas Articles. 2011. http://www.oilgasarticles.com/articles/416/2/UAE-to-Diversify-Economy---To-Reduce-Dependence-on-oil-and-Natural-Gas-Revenues/Page2.html?PHPSESSID=e10561d4a9d2cf87f64fbdeb2e00f65d.
This statistic shows gross domestic product (GDP) of the Arab world in 2023. In 2023, GDP of Algeria amounted to approximately 247.79 billion U.S. dollars.
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This dataset provides values for GDP reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.
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This dataset provides values for GDP reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.
Oil and gas producing countries in the Middle East are among those with the highest reliance on oil and gas for their economic performance. In 2023, Saudi Arabia attributed half of its GDP to oil and gas industry activity. Of the five countries with the highest oil and gas share in GDP, four were in the Middle East. By comparison, despite being the world’s largest oil producer, the oil and gas industry in the United States accounted for only eight percent of total GDP. The role of oil and gas in Saudi Arabia The oil and gas industry is the single most significant contributor to the economy of Saudi Arabia. The country is home to the largest conventional oil field in the world, the Ghawar Field, and oil production reaches around 11.4 million barrels per day. Oil and gas exports are the country’s main means of income. Due to a lower domestic demand than its closest producing competitors, the U.S. and Russia, Saudi Arabia has remained the country with the highest value of oil exports. In 2023, oil exports brought in over 210 billion U.S. dollars. GDP growth amid a stagnating oil market Oil prices and as such oil demand are the greatest determinant for the industry’s financial contributions. In 2024, a sluggish world oil market dampened prices for most of the second half of the year. This will likely be reflected in the fiscal year performance of major oil and gas entities such as Saudi Arabia’s Saudi Aramco and also impact GDP growth projections.
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Iran is a country locating in Middle east. Iran is located in a strategic region at the crossroads of Europe, Asia, and Africa. This has made it a major center of trade and commerce for centuries. Iran is also a member of the United Nations, the Non-Aligned Movement, and the Organization of Islamic Cooperation.
Despite its rich history, large population, and abundant economic potential, Iran is a lower-middle-income country (according to the World Bank). It has large reserves of raw materials, including oil, gas, and minerals, but unfortunately, it does not fully utilize these resources.
This dataset is all the data about Iran in the world bank website. Here is a summary:
Economic data(2022/23) - GDP (current US$): 463billion - GDPpercapita(currentUS): $5,211 - Inflation, GDP deflator (annual %): 31.5% - Oil rents (% of GDP): 25.6% - Gini index: 38.8 (2019)
Social data - Population, total: 88.5 million (2022) - Population growth (annual %): 1.1% (2022) - Net migration: 28,080 (2021) - Life expectancy at birth, total (years): 77 (2021) - Human Capital Index (HCI) (scale 0-1): 0.63 (2020)
Environmental data - CO2 emissions (metric tons per capita): 7.2 (2021) - Renewable energy consumption (% of total final energy consumption): 3.6% (2021) - Forest area (% of land area): 7.8% (2020)
You can access the data in this link. There is also lots of plots and other fun tools which you should try.
[World Bank notes] The World Bank systematically assesses the appropriateness of official exchange rates as conversion factors. In Iran, multiple or dual exchange rate activity exists and must be accounted for appropriately in underlying statistics. An alternative estimate (“alternative conversion factor” - PA.NUS.ATLS) is thus calculated as a weighted average of the different exchange rates in use in Iran. Doing so better reflects economic reality and leads to more accurate cross-country comparisons and country classifications by income level. For Iran, this applies to 1972-2022. Alternative conversion factors are used in the Atlas methodology and elsewhere in World Development Indicators as single-year conversion factors.
It is noted that the reporting period for national accounts data is designated as either calendar year basis (CY) or fiscal year basis (FY). For Iran, it is fiscal year based (fiscal year-end: March 20).
The period between 1950 and 1973, known as the "Golden Age of capitalism" in the west, was the most prosperous period in Europe's modern history. The economic boom in the post-war period saw GDP grow by an average of almost four percent in Western and Eastern Europe, and almost five percent in the south. Although the west was the most technologically advanced of the three, this period did see a significant amount of catching up in the other two regions, whose rapid industrialization and urbanization changed the lives of its citizens forever. Recession hits the west The recession of 1973-1975 brought this economic and industrial growth to an end, however, as conflict in the Middle East saw oil prices skyrocket. Virtually all of Western Europe's industrial powers went into recession, and this had a detrimental knock-on effect in Poland and Romania due to their indebtedness to the west. While the recession ended in most countries by 1976, factors such as unemployment, inflation, and industrial output often remained high until the 1980s. The 1980s and 1990s also saw the rapid economic growth of countries such as Ireland and Finland. However, growth was much slower in these decades for most western economies than it had been in the 1950s and1960s. Collapse of communism The 1970s marked the beginning of the economic decline in Eastern Europe, as the command economies of the East Bloc could not maintain pace with the capitalist west and failed to adapt to the challenges that emerged in this period. Communism in Eastern Europe eventually ended around the early 1990s, and the largest power, the Soviet Union, was dissolved. This resulted in severe economic hardships in the former communist states, and recovery in the former-Soviet states did not begin until the late 1990s. The effects of communism's collapse in Europe was so severe that GDP in the east actually fell by an average of 0.9 percent per year between 1973 and 1998
We examine the rentier thesis that a government's control over oil resources should help it resist pressures for democratization. Our online survey experiment, implemented during a nation-wide mobilization for regime change in Algeria known as the Hirak, used interactive experimental treatments to provide information about the Algerian government's subsidies for fuel resources and low value-added taxes. Based on a sample of 9,721 Algerians, we find that when Algerians learn about their country's relatively high level of fuel subsidies and low level of taxes, their assessments of the government's performance improves. However, we find null effects for outcomes involving demands for representation such as intentions to join protest movements. An analysis of treatment heterogeneity in terms of wealth shows that the wealthy became much more supportive of the regime in response to the treatment while in some cases the poor became much less so. This treatment heterogeneity appears to be related to divergent views among the wealthy and the poor concerning the goals of the protest movement, with the wealthy favoring institutional reforms while the poor prioritized redistributive justice.
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This dataset provides values for GDP PER CAPITA reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.
In 2023, the annual military spending in the Middle East and North Africa (MENA) region was the highest for Saudi Arabia at about 75.8 billion U.S. dollars. MENA military trends Saudi Arabia was ranked fifth among the top global military spenders in 2019. It is the largest military spender in the Middle East and North Africa (MENA) region. Saudi’s military spending reached its all-time high during 2015 when it was the third-largest military spender globally. Saudi Arabia was expected to increase its military spending following tension with Iran after an Iranian missile attacked Saudi’s oil industry in 2019, and with its military operations in Yemen. The MENA region had the highest average military spending as a share of gross domestic product (GDP) compared to other regions. Military spending as a share of GDP in Saudi Arabia in 2019 reached eight percent. The high military burden reflects instability and conflict in the region. MENA budget deficit The military expenditure of the MENA region on average is above their fiscal capabilities as the budgets allocated to operations leave less than the required amounts for the demands of the public. The average public debt as a share of GDP of the MENA region was about 40 percent in 2018. The governments of the region have been favoring using tactics such as having a strong army to delay the involvement of the democratic wave in the governing process, over the option of changing their social approach to accommodate the needs of the public. However, the majority of the public has high confidence in the military and government institutions in the region. The military forces of countries of the MENA region are known to have a strong involvement in the economic matters of the countries such as high levels of military spending post the Arab Spring to dampen any further social mobilization or uprisings. In 2020, Yemen had the highest risk of development deficit and deprivation among conflict countries in the region, followed by Syria.
South Africa's GDP was estimated at just over 403 billion U.S. dollars in 2024, the highest in Africa. Egypt followed, with a GDP worth around 380 billion U.S. dollars, and ranked as the second-highest on the continent. Algeria ranked third, with about 260 billion U.S. dollars. These African economies are among some of the fastest-growing economies worldwide. Dependency on oil For some African countries, the oil industry represents an enormous source of income. In Nigeria, oil generates over five percent of the country’s GDP in the third quarter of 2023. However, economies such as the Libyan, Algerian, or Angolan are even much more dependent on the oil sector. In Libya, for instance, oil rents account for over 40 percent of the GDP. Indeed, Libya is one of the economies most dependent on oil worldwide. Similarly, oil represents for some of Africa’s largest economies a substantial source of export value. The giants do not make the ranking Most of Africa’s largest economies do not appear in the leading ten African countries for GDP per capita. The GDP per capita is calculated by dividing a country’s GDP by its population. Therefore, a populated country with a low total GDP will have a low GDP per capita, while a small rich nation has a high GDP per capita. For instance, South Africa has Africa’s highest GDP, but also counts the sixth-largest population, so wealth has to be divided into its big population. The GDP per capita also indicates how a country’s wealth reaches each of its citizens. In Africa, Seychelles has the greatest GDP per capita.
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Do existing theories regarding the impact of foreign migration explain preferences in non-OECD countries? I adapt and apply explanations for opposition to migration in the Arabian Gulf, a hugely significant region in global migration today, using a survey experiment implemented in Qatar. The results offer a rare validation of predictions from the labor market competition model, demonstrating that individual employment circumstances are important preference determinants. Additionally, while OECD citizens prefer high-skilled migrants, Qataris are indifferent between white and blue-collar workers. Mediation analysis suggests that this null effect is the result of competing cultural and economic concerns over the impact of differing classes of migrants on economic and social welfare. The novel context provides a critical test case of the labor market hypothesis and offers insight into how migration preferences in the Global South differ from the Western experience.
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This dataset provides values for GDP PER CAPITA reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.
In 2023, Puerto Rico and The Bahamas were the states with the highest gross domestic product (GDP) per capita in Latin America and the Caribbean. The average GDP generated per person in the Bahamas amounted to 34,749 U.S. dollars, whereas the average wealth created per capita in Puerto Rico was estimated at around 34,749 U.S. dollars. In that same year, this region's lowest GDP per capita was that of Haiti, at less than 1,693 U.S. dollars per person per year. The largest economies in Latin America
GDP is the total value of all goods and services produced in a country in a year. It is an important indicator to measure the economic strength of a country and the average wealth of its population. By far, the two largest economies in the region are Brazil and Mexico, both registering GDPs three times bigger than the third place, Argentina. Nonetheless, they are the two most populated countries by a great margin.
Key economic indicators of Latin America
Latin America emerges as an important region in the world economy, as of 2023, around 7.3 percent of the global GDP, a similar share to the Middle East. Nevertheless, the economic development of most of its countries has been heavily affected by other factors, such as corruption, inequality, inflation, or crime and violence. Countries such as Venezuela, Suriname, and Argentina are constantly ranking among the highest inflation rates in the world. While Jamaica, Ecuador, and Haiti rank as some of the most crime-ridden states.
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The Iraq ICT market, valued at $0.91 billion in 2025, is projected to experience robust growth, driven by increasing government investments in digital infrastructure, rising internet and smartphone penetration, and the expanding adoption of cloud computing and digital services across various sectors. The compound annual growth rate (CAGR) of 5.98% from 2025 to 2033 indicates a significant expansion of this market. Key growth drivers include the nation's efforts to diversify its economy beyond oil, the need for modernization across government services, and the increasing demand for improved communication and data management solutions in the BFSI, IT and Telecom, and Retail and E-commerce sectors. The market segmentation reveals a strong presence across hardware, software, IT services, and telecommunication services, with large enterprises and SMEs contributing significantly. While challenges like political instability and security concerns might pose restraints, the overall optimistic outlook stems from the government's commitment to digital transformation and the burgeoning private sector's growing appetite for technological advancements. The market's growth trajectory will likely be influenced by the success of government initiatives aimed at improving digital literacy, expanding broadband access, and fostering a supportive regulatory environment for ICT businesses. The competition among established players like IBM, Microsoft, and Infosys, alongside local and regional players, will intensify, leading to innovation and potentially lower prices for consumers and businesses. The increasing adoption of technologies like AI, Big Data analytics, and the Internet of Things (IoT) across various industry verticals will further accelerate market growth, albeit at varying speeds depending on the level of technological adoption within each sector. Expansion into underserved rural areas will be crucial for realizing the market's full potential. Future market research should focus on quantifying the impact of specific government policies and analyzing the growth potential within individual market segments. Recent developments include: May 2024: Iraq sought collaboration with Amazon on data center to facilitate internet access. The project, according to a statement from the Ministry of Communications, aims to improve internet affordability and access for Iraqi citizens. The cloud region will enable customers to securely store content and run workloads while offering higher speed for its users., February 2024: DE-CIX, the provider of Internet Exchange (IX) operations, and IRAQ-IXP, Iraq's neutral Internet Exchange, partnered to launch the "IRAQ-IXP powered by DE-CIX" Internet Exchange. This platform, designed to be a regional connectivity hub, facilitates low-latency interconnections for local networks and promotes the localization of global content. In doing so, it bolsters network stability, scalability, and security in the country.. Key drivers for this market are: Rising Digital Transformation in the Industries, Rapid Development of 5G Network Across the Nation. Potential restraints include: Rising Digital Transformation in the Industries, Rapid Development of 5G Network Across the Nation. Notable trends are: Increased Demand for Digitalization and Scalable IT Infrastructure.
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The global money transfer agencies market size reached approximately USD 800 billion in 2023 and is expected to grow to nearly USD 1.2 trillion by 2032, reflecting a compound annual growth rate (CAGR) of 4.5% over the forecast period. This substantial growth is primarily driven by the increasing globalization of economies, which necessitates efficient money transfer solutions to support both personal and business needs across international borders. The rise of digital banking, the proliferation of smartphones, and increasing internet penetration have also propelled the growth of the market by making money transfers more accessible and less costly. Furthermore, remittances, which form a significant part of this market, are crucial for many economies, particularly in developing regions, ensuring a steady demand for money transfer services.
One of the most significant growth factors for the money transfer agencies market is the increase in foreign workforce and expatriates who regularly send money back home, known as remittances. This trend is particularly strong in regions such as the Middle East and North America, where a large number of immigrants reside. With global migration patterns continuing to expand due to better opportunities abroad, there is a consistent demand for reliable and efficient money transfer agencies. Additionally, the economic contributions from expatriates are crucial to the GDP of many developing nations, fostering further growth in the money transfer market. The continuous improvement of regulatory frameworks to ensure the safety and security of financial transactions also spurs growth, as it creates a more trustworthy environment for consumers.
The technological advancements in financial services, particularly in digital payment systems, have been pivotal in the growth of the money transfer agencies market. Mobile banking and online financial services have greatly reduced the dependency on traditional banking systems, offering quicker, more convenient, and cheaper alternatives for money transfers. Technologies such as blockchain are increasingly being explored to enhance transaction security and efficiency, promising to revolutionize the industry further. This shift towards digital solutions not only caters to tech-savvy younger generations but also reaches underserved populations in remote areas, thereby widening the market base. The integration of artificial intelligence and machine learning in financial services has also improved user experience through personalized services and fraud detection mechanisms.
Another growth factor is the increasing number of strategic partnerships and collaborations between money transfer agencies and other financial service providers. These partnerships enhance service delivery and expand the reach of money transfer services. For instance, collaborations with telecommunications companies allow for mobile money transfers, broadening the accessibility of these services. Financial inclusion is a major goal for many governments, especially in developing countries, which further encourages partnerships with money transfer agencies to offer financial services to unbanked and underbanked populations. By facilitating seamless and cost-effective remittance services, these collaborations are key growth drivers for the industry.
The money transfer agencies market is majorly segmented by service type into domestic and international money transfers. Domestic money transfers, although vital, are largely driven by the need for personal and business transactions within national borders. This segment benefits from the increasing digitalization of payment systems, facilitating quick and efficient transfers. With the growth of e-commerce and the gig economy, domestic transactions have seen significant upticks as individuals and businesses require immediate payment solutions. Moreover, the rise of peer-to-peer payment platforms has made domestic transfers more user-friendly and accessible to a broader demographic.
International money transfers, on the other hand, form a significant portion of this market, driven by the need for remittances, cross-border trade, and global business operations. The increase in global migration, as well as international business expansions, fuels the demand for international money transfer services. These transfers pose unique challenges such as currency conversion, regulatory compliance, and transaction speed, which money transfer agencies are continually innovating to address. The introduction of digital wallets and blockchain technology is particularly influential in this s
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This dataset provides values for GOVERNMENT DEBT TO GDP reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.
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The global nonresidential exterior doors market size was valued at approximately USD 12.5 billion in 2023 and is projected to reach around USD 18.4 billion by 2032, growing at a compound annual growth rate (CAGR) of 4.5% during the forecast period. The growth of this market is primarily driven by the increasing construction activities in the commercial, industrial, and institutional sectors as well as the rising focus on energy-efficient and secure building solutions.
One of the primary growth factors for the nonresidential exterior doors market is the rapid urbanization taking place across the globe. As cities expand and new commercial and industrial hubs are developed, there is a significant need for robust and aesthetically pleasing exterior doors. Additionally, the trend towards sustainable and energy-efficient buildings has led to an increased demand for advanced door systems that provide better insulation and durability. The push for green building certifications and regulations is further augmenting the demand for energy-efficient exterior doors in nonresidential buildings.
Technological advancements in materials and manufacturing processes are also playing a crucial role in market growth. Innovations such as smart doors equipped with IoT sensors and automated systems are gaining traction, particularly in high-security and high-traffic areas like corporate offices and industrial units. The incorporation of advanced materials like reinforced fiberglass and high-strength metals is enhancing the durability and aesthetic appeal of exterior doors, making them more attractive to end-users. Furthermore, advances in manufacturing techniques are enabling the production of highly customizable door solutions that cater to specific architectural needs and design preferences.
Economic factors such as GDP growth and increased investments in the construction sector are further driving the market. Governments and private entities are investing heavily in infrastructure development, including commercial complexes, industrial parks, and institutional buildings. These investments are creating a robust demand for exterior doors that meet both functional and aesthetic requirements. Additionally, the rising trend of renovation and retrofitting in the nonresidential sector is contributing to market expansion as businesses seek to upgrade their facilities with modern, efficient door systems.
Regionally, North America and Europe have been the dominant markets due to their advanced construction industries and stringent building codes focusing on safety and energy efficiency. However, the Asia Pacific region is expected to witness the highest growth rate during the forecast period, driven by rapid industrialization, urbanization, and increasing foreign investments in the construction sector. Latin America and the Middle East & Africa are also emerging as significant markets, supported by growing economic activities and infrastructure development initiatives.
The material type segment of the nonresidential exterior doors market includes wood, metal, glass, fiberglass, and others. Wood doors have traditionally been popular due to their aesthetic appeal and versatility. They offer a classic look that can be customized to fit various architectural styles. However, wood doors require regular maintenance to prevent issues like warping and rotting, which can be a deterrent for some businesses. Despite these challenges, wood remains a favorite in areas where aesthetics and customization are prioritized.
Metal doors, particularly steel and aluminum, are highly favored in industrial and commercial settings due to their durability and strength. These doors are resistant to environmental elements and provide an added layer of security, making them ideal for high-traffic areas and facilities requiring stringent security measures. Metal doors are also relatively low maintenance compared to wood, which adds to their appeal. The growing focus on security in both commercial and industrial sectors is expected to drive the demand for metal exterior doors further.
Glass doors are gaining popularity in modern commercial buildings, especially in retail and office spaces. They offer a sleek, contemporary look and allow natural light to penetrate the interior, which can enhance the ambiance and reduce energy costs. Advances in glass technology, such as tempered and laminated glass, have improved the safety and durability of these doors, making them more viable for exterior use. However, concerns
In 2025, Luxembourg was the country with the highest gross domestic product per capita in the world. Of the 20 listed countries, 13 are in Europe and five are in Asia, alongside the U.S. and Australia. There are no African or Latin American countries among the top 20. Correlation with high living standards While GDP is a useful indicator for measuring the size or strength of an economy, GDP per capita is much more reflective of living standards. For example, when compared to life expectancy or indices such as the Human Development Index or the World Happiness Report, there is a strong overlap - 14 of the 20 countries on this list are also ranked among the 20 happiest countries in 2024, and all 20 have "very high" HDIs. Misleading metrics? GDP per capita figures, however, can be misleading, and to paint a fuller picture of a country's living standards then one must look at multiple metrics. GDP per capita figures can be skewed by inequalities in wealth distribution, and in countries such as those in the Middle East, a relatively large share of the population lives in poverty while a smaller number live affluent lifestyles.