10 Richest Muslim Countries in the World
Bangalore: Having a large GDP per capita means a country is an important economic player and it seems that Qataris has the most as Qatar is the richest Muslim country in the world. Here are the world’s 10 richest Muslim countries according to Yahoo Finance.
The Gulf state with a population of 1.7 million topped the list of the world’s richest Muslim countries. Qatar had booked a probable gross domestic product per capita of more than 88,919 dollars for 2011. The country is considered to be one of the fastest growing economy in the world. The main drivers for this rapid growth are attributed to ongoing increases in production and exports of natural gas, oil and petrochemicals. Qatar, which will host the 2022 Football World Cup, is also in the running for the 2020 Olympics Games. It has been a high-profile investor in recent times. The government is also pouring money into infrastructure, including a deepwater seaport, an airport and a railway track, to make the country a better host for business and 2022 World Cup.
The country with a population of about 3.5 million is the second richest Muslim country in the world. The gross domestic product per capita is 54,654 dollars for 2011 (PPP). Kuwait has proven crude oil reserves of 104 million barrels, estimated to be 10 percent of the world’s reserves. Kuwait’s oil production is expected to increase to 4 million barrel units by 2020. Other major industries include shipping, construction and financial services. Kuwait has a well developed banking system and The National Bank of Kuwait is the largest bank in the country and one of the largest in the Arab world.
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