Top Oil-Rich Countries In The World

6. United Arab Emirates

UAE banks on its oil and gas for about 25 percent of the country’s GDP. It accounts to nearly 48,222 dollars in 2011 (PPP). In this country, petroleum and natural gas exports play an important role in the economy.

UAE has tried to reduce its dependency on oil exports by diversifying its economy mainly in fields of financial, tourism and construction.

7. Qatar

The Persian Gulf emirate with a population of 1.7 million people ranks as the world’s richest country per capita. Thanks to a rebound in oil prices and its gigantic natural gas reserves. Adjusted for purchasing power, Qatar booked a probable gross domestic product per capita of more than $88,000 for 2010.

Qatar has the third-largest reserves of natural gas in the world, and the country has invested heavily in infrastructure to liquefy and export it and to diversify its economy. Qatar has attracted multinational financial firms to the country, as well as satellite campuses of U.S. universities. The government is pouring money into infrastructure, including a deepwater seaport, an airport and a railway network, all with an effort to make the country a better host for businesses and the 2022 World Cup.

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