What is the wealthiest country in the Middle East?
Economy of the Middle East
Qatar currently enjoys the region's highest per capita GDP at $101,000.[42] It has derived its wealth from exploiting its natural gas reserves. With the revenues from its hydrocarbon industries Qatar has established a rentier economy. Qatar has also established the largest per capita sovereign wealth fund in the world. With a population under one million, the government has not found it necessary to diversify its economy.
Economy of the Middle East
Yemen has suffered from chronic economic mismanagement. With 85% unemployment, the nation relies heavily on expatriate remittances.[60] The reliance on foreign labor markets proved disastrous following the 1991 Persian Gulf War when Saudi Arabia and Kuwait expelled Yemeni workers and curtailed aid to the country in response to its support of Iraq.[30] Most of Yemen's GDP comes from its limited oil production. The bulk of its labor is involved in agriculture where its primary cash crop is khat. On 3 November 2018 a British MP from Labor Party blamed Iran backed rebels in Yemen for the disastrous humanitarian crisis in that country. Graham Jones, chairman of the Commons Committees on Arms Exports Controls (CAEC) has questioned the British Government ‘s arm sales.[61]