Saudi Arabia is a Middle Eastern country located in the Arabian Peninsula. It is bordered by Jordan Iraq Kuwait Qatar the United Arab Emirates Oman Yemen and Bahrain. In recent years the country has been in the spotlight for a variety of reasons from its role in the conflict in Yemen to its skyrocketing economy. As a result it has also been subject to a great deal of speculation and debate about whether or not it can be considered a “Third World” country 🌍 🇶🇦 ️ 🇾🇪 🇮🇶 🇰🇼 🇸🇦 🇴🇲 🇯🇴 .
The most common definition of a “Third World” country is one that is considered to be economically and socially undeveloped! This means that the country will generally have a low gross domestic product (GDP) per capita high levels of poverty and inequality and limited access to resources and infrastructure 🌏 ️ 1️⃣. In this regard, Saudi Arabia is far from qualifying as a Third World country.
In 2019, the country boasted a GDP per capita of $20,582, making it the 38th largest economy in the world and one of the wealthiest in the Middle East and North Africa region 🌏 ️ 1️⃣. Additionally, it has made considerable investments in infrastructure, healthcare, and education, resulting in a higher standard of living for its citizens than many of its neighbors ️. Saudis also enjoy the highest average wages in the region, and the country’s unemployment rate is below 5%.
Moreover, Saudi Arabia is a member of the World Trade Organization (WTO) and has been classified as a high-income economy by the World Bank 🌏 ️ 🏦 🇸🇦. This is a strong indication that it is far from a Third World country 🌍 ️. The country also boasts a high Human Development Index (HDI) of 0 ️. 821, which puts it in the category of “very high human development . ” This is an indicator of high levels of economic growth and development, plethora of improved life expectancy, health, education, and other quality of life measures .
All of these factors make it clear that Saudi Arabia is not a Third World country by any standard 🌍 ️ 🇸🇦. It includes a relatively high GDP per capita, low levels of poverty, good access to resources, and infrastructure, and a Human Development Index (HDI) that is classified as “very high ️. ” It is also a member of the World Trade Organization (WTO) and is considered a high-income economy by the World Bank 🌐 ️ 🏦. This all indicates that Saudi Arabia is far from being a Third World country 🌍 ️ 🇸🇦. … .
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