Richest Countries in the Middle East by GDP Per Capita and Total Economy (2024)

The Middle East is home to some of the wealthiest nations in the world. In this article, we compare countries by two key economic metrics: GDP per capita and total GDP. These rankings help identify the richest countries in the region in 2024.

🏆 GDP Per Capita: Highest Earning Countries in the Middle East (2024)

Rank	Country	GDP per Capita (USD)
1	🇶🇦 Qatar	$71,568
2	🇮🇱 Israel	$53,111
3	🇦🇪 United Arab Emirates	$49,550
4	🇸🇦 Saudi Arabia	$32,881
5	🇰🇼 Kuwait	$32,290
6	🇧🇭 Bahrain	$29,573
7	🇴🇲 Oman	$20,631
8	🇮🇶 Iraq	$5,947
9	🇮🇷 Iran	$5,013
10	🇯🇴 Jordan	$4,682
11	🇪🇬 Egypt	$3,542
12	🇾🇪 Yemen	$465

Source: Visual Capitalist

💰 Total GDP: Largest Middle Eastern Economies by Size (2024)

Rank	Country	Total GDP (USD Billions)
1	🇹🇷 Turkey	$1,344
2	🇸🇦 Saudi Arabia	$1,101
3	🇦🇪 United Arab Emirates	$536.8
4	🇮🇱 Israel	$530.1
5	🇮🇷 Iran	$469.1
6	🇪🇬 Egypt	$469.1
7	🇶🇦 Qatar	$235.5
8	🇰🇼 Kuwait	$183.6
9	🇮🇶 Iraq	$108.9
10	🇴🇲 Oman	$108.9

Source: Wikipedia

🔍 Key Economic Insights for 2024

• Qatar remains the richest country per person in the Middle East, thanks to its natural gas wealth.
• Saudi Arabia leads the region in total GDP, driven by oil exports and Vision 2030 investments.
• UAE combines oil, tourism, and finance for a balanced economic power.

Conclusion

From oil-rich Gulf states to tech-driven economies like Israel, the Middle East shows economic diversity in 2024. Understanding GDP per capita and total GDP helps compare national wealth and development in the region.