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.

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.

■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

■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

As of 2022, the share of national wealth held by the richest 10 percent in high-income countries in the Middle East and North Africa (MENA) amounted to 69.6 percent of the total. In comparison, the share of national wealth for the richest 10 percent in 2000 in MENA high-income nations was 74.7 percent. High-income countries here refer to Gulf Coordination Council countries.

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.

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.

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 3,260.

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.

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.

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.

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.

Seychelles had the largest Gross Domestic Product (GDP) per capita in Africa as of 2024. The value amounted to 21,630 U.S. dollars. Mauritius followed with around 12,330 U.S. dollars, whereas Gabon registered 8,840 U.S. dollars. GDP per capita is calculated by dividing a country’s GDP by its population, meaning that some of the largest economies are not ranked within the leading ten. Impact of COVID-19 on North Africa’s GDP When looking at the GDP growth rate in Africa in 2024, Libya had the largest estimated growth in Northern Africa, a value of 7.8 percent compared to the previous year. Niger and Senegal were at the top of the list with rates of 10.4 percent and 8.3 percent, respectively. During the COVID-19 pandemic, the impact on the economy was severe. The growth of the North African real GDP was estimated at minus 1.1 percent in 2020. However, estimations for 2022 looked much brighter, as it was set that the region would see a GDP growth of six percent, compared to four percent in 2021.
Contribution of Tourism Various countries in Africa are dependent on tourism, contributing to the economy. In 2023, travel and tourism were estimated to contribute 182.6 billion U.S. dollars, a clear increase from 96.5 in 2020 following COVID-19. As of 2024, South Africa, Mauritius, and Egypt led tourism in the continent according to the Travel & Tourism Development Index.

This statistic illustrates the number of billionaires in leading cities in the EMEA (Europe, the Middle East and Asia) region as of 2016. It can be seen that the number of billionaires in Moscow stood at a total of **, making Moscow the city in the EMEA region with the most billionaires at that time. Although this is the case London was not far behind, ranking second with a total of ** billionaires as of 2016.

In 1938, the year before the Second World War, the United States had, by far, the largest economy in the world in terms of gross domestic product (GDP). The five Allied Great Powers that emerged victorious from the war, along with the three Axis Tripartite Pact countries that were ultimately defeated made up the eight largest independent economies in 1938.

When values are converted into 1990 international dollars, the U.S. GDP was over 800 billion dollars in 1938, which was more than double that of the second largest economy, the Soviet Union. Even the combined economies of the UK, its dominions, and colonies had a value of just over 680 billion 1990 dollars, showing that the United States had established itself as the world's leading economy during the interwar period (despite the Great Depression).

Interestingly, the British and Dutch colonies had larger combined GDPs than their respective metropoles, which was a key motivator for the Japanese invasion of these territories in East Asia during the war. Trade with neutral and non-belligerent countries also contributed greatly to the economic development of Allied and Axis powers throughout the war; for example, natural resources from Latin America were essential to the American war effort, while German manufacturing was often dependent on Swedish iron supplies.

Saudi Arabia is the largest generator of crude oil export value for the Organization of the Petroleum Exporting Countries (OPEC). In 2024, its oil export revenues totaled 179 billion U.S. dollars, compared to Iraq’s 93 billion U.S. dollars. Saudi Arabia is also the largest OPEC crude oil exporter, at over six million barrels per day. In total, the OPEC' export revenue stream reached 550 billion U.S. dollars in 2024. What is the OPEC? The OPEC was founded in 1960 in Baghdad with just five members (Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela). Currently, there are 12 member states, accounting for about 80 percent of the world’s global crude oil reserves. OPEC’s market decisions have a significant influence on the global oil market as well as international relations, especially in times of civil unrest that can disrupt fuel supplies. The mission of the organization is to coordinate petroleum policies of its members and to ensure the stabilization of oil markets. The OPEC also provides information about the global oil market.