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.

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.

United Arab Emirates AE: Bank Account Ownership at a Financial Institution or with a Mobile-Money-Service Provider, Richest 60%: % of Population Aged 15+ data was reported at 91.680 % in 2017. This records an increase from the previous number of 88.017 % for 2014. United Arab Emirates AE: Bank Account Ownership at a Financial Institution or with a Mobile-Money-Service Provider, Richest 60%: % of Population Aged 15+ data is updated yearly, averaging 88.017 % from Dec 2011 to 2017, with 3 observations. The data reached an all-time high of 91.680 % in 2017 and a record low of 64.511 % in 2011. United Arab Emirates AE: Bank Account Ownership at a Financial Institution or with a Mobile-Money-Service Provider, Richest 60%: % of Population Aged 15+ data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s United Arab Emirates – Table AE.World Bank.WDI: Bank Account Ownership. Account denotes the percentage of respondents who report having an account (by themselves or together with someone else) at a bank or another type of financial institution or report personally using a mobile money service in the past 12 months (richest 60%, share of population ages 15+).; ; Demirguc-Kunt et al., 2018, Global Financial Inclusion Database, World Bank.; Weighted average; Each economy is classified based on the classification of World Bank Group's fiscal year 2018 (July 1, 2017-June 30, 2018).

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 dataset provides values for GOLD RESERVES reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

Syria SY: Bank Account Ownership at a Financial Institution or with a Mobile-Money-Service Provider, Richest 60%: % of Population Aged 15+ data was reported at 22.833 % in 2011. Syria SY: Bank Account Ownership at a Financial Institution or with a Mobile-Money-Service Provider, Richest 60%: % of Population Aged 15+ data is updated yearly, averaging 22.833 % from Dec 2011 (Median) to 2011, with 1 observations. Syria SY: Bank Account Ownership at a Financial Institution or with a Mobile-Money-Service Provider, Richest 60%: % of Population Aged 15+ data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Syrian Arab Republic – Table SY.World Bank.WDI: Bank Account Ownership. Account denotes the percentage of respondents who report having an account (by themselves or together with someone else) at a bank or another type of financial institution or report personally using a mobile money service in the past 12 months (richest 60%, share of population ages 15+).; ; Demirguc-Kunt et al., 2018, Global Financial Inclusion Database, World Bank.; Weighted average; Each economy is classified based on the classification of World Bank Group's fiscal year 2018 (July 1, 2017-June 30, 2018).

19 of the 20 countries with the lowest estimated GDP per capita in the world in 2024 are located in Sub-Saharan Africa. South Sudan is believed to have a GDP per capita of just 351.02 U.S. dollars - for reference, Luxembourg has the highest GDP per capita in the world, at almost 130,000 U.S. dollars, which is around 400 times larger than that of Burundi (U.S. GDP per capita is over 250 times higher than Burundi's). Poverty in Sub-Saharan Africa Many parts of Sub-Saharan Africa have been among the most impoverished in the world for over a century, due to lacking nutritional and sanitation infrastructures, persistent conflict, and political instability. These issues are also being exacerbated by climate change, where African nations are some of the most vulnerable in the world, as well as the population boom that will place over the 21st century. Of course, the entire population of Sub-Saharan Africa does not live in poverty, and countries in the southern part of the continent, as well as oil-producing states around the Gulf of Guinea, do have some pockets of significant wealth (especially in urban areas). However, while GDP per capita may be higher in these countries, wealth distribution is often very skewed, and GDP per capita figures are not representative of average living standards across the population. Outside of Africa Yemen is the only country outside of Africa to feature on the list, due to decades of civil war and instability. Yemen lags very far behind some of its neighboring Arab states, some of whom rank among the richest in the world due to their much larger energy sectors. Additionally, the IMF does not make estimates for Afghanistan, which would also likely feature on this list.

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Camel Meat Market Size 2024-2028

The Camel Meat Market size is projected to increase by USD 100.83 million at a CAGR of 6.32% between 2023 and 2028. The consumption of camel meat is gaining increasing recognition due to its numerous health benefits. With the growing emphasis on fitness and protein-rich diets, camel meat, which is a lean source of high-quality protein, has emerged as an attractive option for health-conscious consumers. Furthermore, the rise in global meat consumption and production trends has led to a renewed interest in this traditional meat source. Camel meat is not only rich in protein but also low in saturated fat and cholesterol, making it an excellent choice for individuals seeking to maintain a healthy lifestyle. This lean, flavorful meat offers a unique taste and texture, providing a welcome alternative to more commonly consumed meats.

Camel Meat Market: Overview

The Camel Meat Market shows an accelerated CAGR during the forecast period.

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Market Dynamics

Camel meat, characterized by its camel carcass appearance in shades of raspberry red and dark brown, offers a unique mineral profile enriched with high-fat protein and short-affixed unsaturated fats. This makes it a distinctive choice compared to dairy animals' meat or goat meat, particularly suited for regions with bone-dry situations like the desert. Consumption of camel meat is associated with potential health benefits such as low-fat substance, aiding in the management of conditions like hyperacidity, hypertension, and respiratory illnesses such as pneumonia. As demand grows, retailers or distributors play a crucial role in making camel meat accessible beyond traditional markets, catering to both local preferences and international interest in exotic meats with unique nutritional qualities. The taming of camels and their adaptation to harsh desert environments contribute to the cultural significance and sustainability of camel meat production, highlighting its role in diverse culinary traditions worldwide.

Driver

Growing focus on fitness and protein-rich diets is notably driving the market growth. The rising number of fitness centres and clubs is a new trend that is positively affecting the global camel meat market. Since meat contains high protein levels, which help in muscle gain, meat consumption has increased with an increase in consumer focus on fitness and a rise in the number of fitness centres and clubs. Camel meat is a good source of many vitamins, particularly vitamin B complex, and vital minerals such as iron, calcium, and phosphorus. Camel meat is also characterized by a low level of cholesterol as compared to other meats like beef, thereby making it a healthy food option. Thus, a growing focus on fitness and protein-rich diets will drive the growth of the global camel meat market during the forecast period.

Trends

Growing demand for luxury and exotic meats is an emerging trend shaping the market growth. The demand for luxury and exotic meats like camel meat is increasing, primarily in developed countries across North America and Europe. Also, the demand for organic meat is growing globally. Organic meat is produced by feeding livestock 100% organic feed. In the US and the UK, camel meat is often used in foods like burgers, which enjoy high popularity. Although camel meat is a staple food for many pastoral households, it is not eaten daily in Middle Eastern countries, where consumption is very high.

Moreover, in the Middle East, camel meat is eaten mostly at parties and wedding receptions. In the US, the popularity of camel meat is growing. Many supermarkets and retail chains have started offering camel meats in various cuts. Thus, the growing demand for luxury and exotic meats will drive the growth of the global camel meat market during the forecast period.

Challenge

Stringent rules and regulations and the threat of contamination are significant challenges hindering market growth. Rules and regulations pertaining to the production of meat products vary across countries. Meat and meat food items form an important part of a nation's aggregate supply of food. Most countries follow international food standards for the labelling of meat products. In Australia, the government recommends that food labelled as meat products should also have labels showing the eating quality grade. In the US, the FDA requires the manufacturers of packaged food items to mention the nutritional details on the food packs. Improper handling of supplies could lead to contamination of meat. Proof of contamination of canned foods by raw materials will affect the safety and quality of the food.

Also, It will require companies to find alternate materials for canned products, lead to delays in production, or require the products to be discarded or recalled, which could affect a company's operation and sales. Thus, the string