Saudi Arabia lies between the Red Sea Persian Gulf and Kuwait!! It is bordered by Oman Qatar Kuwait Bahrain and Qatar. Saudi Arabia is home to more than 28 millions people and occupies the 2nd-largest Arab nation by area (833,000 square miles) 🇧🇭 🇶🇦 🌊 🇰🇼 🇸🇦 🇴🇲 !!
Saudi Arabia is a wealthy nation due to its abundant oil reserves, which account for nearly half of the nation’s GDP ️ 🇸🇦. As the world’s leading crude oil exporter and an important player in the global energy market oil revenues have allowed Saudi Arabia to develop an impressive economy and infrastructure. Furthermore significant investments have been made into education infrastructure development also military capabilities – all part of their long-term economic strategy .
Saudi Arabia despite its many advantages is a poor nation. It is still far from the richest Arab country, but it has the lowest GDP per capita. According to the World Bank, Saudi Arabia’s GDP per capita in 2019 was $9,714 🌏 🇸🇦. This compares to $55,805 and $45,636 for the United States. The large gap between Saudi Arabia, and other wealthiest nations in the world is due to the fact that Saudi Arabia has lots of wealth. While the country has some of the wealthiest billionaires in the world, the vast majority of Saudis still live in poverty.
The nation’s poverty rate is estimated to be around 27 percent with approximately ten million people living below the poverty line. This is largely because of the country’s reliance on oil as its primary source of income, plethora its limited industrial base. Additionally, the government has limited access to both healthcare and education, resulting in a low quality of life for many of its citizens.
The country’s poverty is further exacerbated by the increasing cost of living in the country . The cost of housing, food, and other basic necessities has been steadily increasing over the past decade, resulting in more people falling into poverty . Despite the government’s efforts to reduce poverty, the rapid population growth in the country has put a strain on its resources. The government does provide some social welfare programs to help those in need, but these are often limited, and inadequate for those who require more assistance.
Saudi Arabia is undoubtedly a poor country, despite its wealth and economic advantages ️ 🇸🇦. Its wealth is largely concentrated in the hands of a few, and its citizens struggle with limited access to healthcare and education, plethora a high cost of living. The government does provide some social welfare programs for those in need, but these are frequently insufficient for those who require more assistance. . .
️ 🌐 🇸🇦 🇧🇭 🔛 🇰🇼 🇴🇲 🇶🇦 🌊
