Latest News
- Checdking's$with Special"s & Characters#update
- Testing New's To Check's Utf "issue"#update
- Palestine Full UN Entry Backed By Kuwait
- Expatriate Clicks On Link, Loses All Savings
- Kuwait Weekend Weather: Hot Weather And Scattered Rain
- Former MP Tabtabaie Goes To Trial On May 20
- Missing Algerian Man For 25 Years Found And Held Captive By Neig...
- Citizen Detained For Alleged Involvement With A Banned Group
- Kuwait And Ethiopia To Sign MoU For Domestic Workers Recruitment
- Service Bureau Announces Training Plans For Employees And Gradua...
- Filipino Worker Remittances Decline In Kuwait
- Health Ministry Reaffirms Commitment To Modernizing Healthcare S...
Swiss Bank Credit Suisse: Kuwait 2nd Richest In Gulf
According to the Global Wealth Report for the year 2021 issued by the Swiss bank Credit Suisse, Kuwait is the second richest Gulf country after Qatar in terms of average per capita wealth until the end of 2020. Kuwait’s fortune jumped from $62,064 in 2000 to $129,890 in 2020, which is an increase of 109.3 percent in two decades.
The total wealth in Kuwait amounted to $ 409 billion, which constituted 0.1 percent of the world’s total wealth in 2020, and the per capita GDP amounted to $34,339. According to the report of Credit Suisse, Qatar ranked first in the Gulf region with an average per capita wealth of $146,730 and total wealth of $ 352 billion.
In third place is the UAE with an average wealth of $ 115,476 per person and total wealth of $ 930 billion. Bahrain is in fourth place with $ 87,559 per capita wealth and total wealth of $ 115 billion. Saudi Arabia came fifth with per capita wealth of $ 68,697, and total wealth of $ 1.662 trillion, reports Al-Rai daily. In sixth place is Oman with per capita wealth of $39,433 and a total of $ 148 billion. With an average per capita wealth of nearly $ 674,000, Switzerland was ranked by Credit Suisse as the richest country in the world. The United States of America came in second place with an average per capita wealth of $ 505,420.
Â
Â
SOURCEÂ ARABTIMES
Trending News
-
Ministry Systems Hacked, Electricity Bills Altered
11 May 2024
-
Kuwait Unveils Monumental Solar Energy Project For...
06 May 2024
-
Expatriates Caught On Video Stealing Electricity W...
11 May 2024
-
Team To Inspect New Airport's Solar Panel Installa...
12 May 2024
-
Gulf Electrical Interconnection Project Will Boost...
04 May 2024
-
Issuing Work Permits Based On Academic Certificate...
07 May 2024
-
Kuwait Banks Seek Clarity From Central Bank On Cit...
04 May 2024
-
Kuwait Cracks Down On Bachelors
02 May 2024
-
Eid Al-Adha Holiday In Kuwait: Potential 9-Day Bre...
15 May 2024
-
Kuwait Organizes 30 Events To Protect Children Fro...
04 May 2024
Comments Post Comment