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.

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.

As of 2022, the share of national wealth held by the richest ** percent in middle-income countries in the Middle East and North Africa (MENA) amounted to **** percent of the total. In comparison, the share of national wealth for the richest ** percent in 2000 in MENA middle-income nations was **** percent.

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.

■Objectives and Overview The purpose of this grant is to strengthen economic relations with oil- and gas-producing countries in the Middle East and to contribute to the stable supply of oil, gas and petroleum products in our country by promoting investment in oil- and gas-producing countries in the Middle East and other countries by subsidizing part of the expenses of the Investment Promotion Project conducted by subsidized entity. (Taken from the grant outline)

■ Eligibility Must be a private sector who: * For consortium-style applications, you must select an organizer and the organizer must submit a business proposal. (However, the organizer cannot entrust all the work to another person.) (1) The company has a long track record of activities in the Middle East, is well known locally, and has close cooperative relationships with local governmental organizations. (2) The applicant must have experience in conducting surveys and research in Middle East oil-producing countries in the past, have close connections with Japanese companies and industries that have a desire to expand into Middle East oil-producing countries, and be able to grasp the needs of such companies and industries, and have sufficient capabilities for the implementation of this project. (3) The applicant shall have the ability to receive and execute orders for all businesses collectively from the perspective of organically integrating individual businesses included in the Business and increasing the effectiveness and efficiency of the overall business. (4) The foreign national has a base in Japan. (5) The Company shall have the organization and personnel to properly execute the Business. (6) The applicant shall have a management base necessary for the smooth execution of the Business and sufficient management capability for funds, etc. (7) The applicant is not subject to suspension of issuance of grant certificates, etc. or suspension of designation from the the Ministry of Economy, Trade and Industry.

■ Contact: 1 - 3 - 1, Kasumigaseki, Chiyoda-ku, Tokyo 100 -8901 Middle East and African Division, Trade Policy Bureau, the Ministry of Economy, Trade and Industry Yamada E-mail: bzl-chuto-hojo@meti.go.jp

■ Reference URL: https://www.meti.go.jp/information/publicoffer/kobo/2025/k250214005.html

■Purpose and Overview

The purpose of this grant is to strengthen economic relations with oil- and gas-producing countries in the Middle East, etc., by promoting investment in oil- and gas-producing countries in the Middle East, etc., with the State subsidizing a part of the cost of the project to promote investment in oil- and gas-producing countries in the Middle East, etc., conducted by subsidized entity, and thereby to contribute to the stable supply of oil, gas and petroleum products in our country. (taken from the grant outline)

■ Eligibility

private sector must meet the following requirements:

• In the case of a consortium application, the organizer must be selected and submit the project proposal. (However, the organizer cannot entrust all the work to another person.)

(1) The company has a long track record of activities in the Middle East, is well known locally, and has close cooperative relationships with local governmental organizations.

(2) The applicant must have experience in conducting surveys and research in Middle East oil-producing countries in the past, have close connections with Japanese companies and industries that have a desire to expand into Middle East oil-producing countries, and be able to grasp the needs of such companies and industries, and have sufficient capabilities for the implementation of this project.

(3) The applicant shall have the ability to receive and execute orders for all businesses collectively from the perspective of organically integrating individual businesses included in the Business and increasing the effectiveness and efficiency of the overall business.

(4) The foreign national has a base in Japan.

(5) The Company shall have the organization and personnel to properly execute the Business.

(6) The applicant shall have a management base necessary for the smooth execution of the Business and sufficient management capability for funds, etc.

(7) The applicant is not subject to suspension of issuance of grant certificates, etc. or suspension of designation from the the Ministry of Economy, Trade and Industry.

■ Contact:

1 - 3 - 1, Chiyoda-ku, Tokyo 100 -8901

Middle East and African Division, Trade Policy Bureau, the Ministry of Economy, Trade and Industry

Contact: Futami

E-mail: bzl-chuto-hojo@meti.go.jp

■ Reference URL:

https://www.meti.go.jp/information/publicoffer/kobo/2024/k240206003.html

Crude oil-rich countries possess significant reserves of crude oil, providing them with economic and geopolitical influence. From the Middle East to Russia, Venezuela, Canada, and the United States, these nations benefit from oil exports but face challenges like price volatility and environmental consequences. Diversification and sustainable energy investments are crucial for their long-term stability.

This statistic depicts the number of high net worth individuals in the Middle East and North Africa, by selected countries as of 2013. During this time period, the number of high net worth individuals in Oman totaled *****.

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.

In 2023, the Middle East and North Africa, and Latin America were the regions with the lowest level of distribution of wealth worldwide, with the richest ten percent holding around ** percent of the total wealth. On the other hand, in Europe, the richest ten percent held around ** percent of the wealth. East and South Asia were the regions where the poorest half of the population held the highest share of the wealth, but still only around **** percent, underlining the high levels of wealth inequalities worldwide.

******* had the highest level of the Human Development Index (HDI) worldwide in 2023 with a value of *****. With a score of ****, ****** followed closely behind *********** and had the second-highest level of human development in that year. The rise of the Asian tigers In the decades after the Cold War, the four so-called Asian tigers, South Korea, Singapore, Taiwan, and Hong Kong (now a Special Administrative Region of China) experienced rapid economic growth and increasing human development. At number eight and number 13 of the HDI, respectively, *********************** are the only Asian locations within the top-15 highest HDI scores. Both locations have experienced tremendous economic growth since the 1980’s and 1990’s. In 1980, the per capita GDP of Hong Kong was ***** U.S. dollars, increasing throughout the decades until reaching ****** in 2023, which is expected to continue to increase in the future. Meanwhile, in 1989, Singapore had a GDP of nearly ** billion U.S. dollars, which has risen to nearly *** billion U.S. dollars today and is also expected to keep increasing. Growth of the UAE The United Arab Emirates (UAE) is the only Middle Eastern country besides Israel within the highest ranking HDI scores globally. Within the Middle East and North Africa (MENA) region, the UAE has the third-largest GDP behind Saudi Arabia and Israel, reaching nearly *** billion U.S. dollars by 2022. Per capita, the UAE GDP was around ****** U.S. dollars in 1989, and has nearly doubled to ****** U.S. dollars by 2021. Moreover, this is expected to reach over ****** U.S. dollars by 2029. On top of being a major oil producer, the UAE has become a hub for finance and business and attracts millions of tourists annually.

Russia demonstrated the largest gross domestic product (GDP) in Eurasia and the Commonwealth of Independent States (CIS) in 2024, at approximately *** trillion U.S. dollars. To compare, Kazakhstan's GDP was measured at around *** billion U.S. dollars in the same year. Tajikistan had the lowest GDP in Eurasia, at ** billion U.S. dollars. Commonwealth of Independent States The CIS is an organization of post-Soviet states founded after the collapse of the Union of Soviet Socialist Republics (USSR) in 1991. Its official members are Armenia, Azerbaijan, Belarus, Kazakhstan, Kyrgyzstan, Moldova, Russia, Tajikistan, and Uzbekistan. Energy in the CIS Several countries in the CIS are among the leading energy producers and exporters, such as Russia, Kazakhstan, and Azerbaijan. In 2023, the CIS countries exported around *** million barrels of oil daily. The region's overall primary energy consumption exceeded ** exajoules in 2023, which was close to the figure recorded for the Middle East.