The League of Arab States has 22 member states and is headquartered in Cairo, Egypt. The most impressive thing about Arab countries is that they are filled with oil. People generally have "big gold chains and small watches" and have cars and villas at home. Are Arab countries really as rich as legend says? Let’s take the most typical country, Saudi Arabia, as an example to introduce to you how wealthy it is. How rich is Saudi Arabia?
1. GDP value
Saudi Arabia’s total national GDP is more than 800 billion US dollars. Many people may think that this is not much! It is not as high as the GDP of one of our developed provinces. However, Saudi Arabia has a small population. On average, the GDP per person is as high as 24,000 US dollars. This per capita GDP is several times that of our country. It is also ranked high in the world and is firmly among the economically developed countries.
2. National heritage
In addition, Saudi Arabia’s foreign exchange reserves remain at US$500-600 billion every year. The annual fiscal revenue is as high as more than 220 billion US dollars. Among them, oil exports generate more than 200 billion US dollars in revenue every year. We can see that Saudi Arabia’s prosperity basically depends on selling oil. At present, Saudi Arabia's proven oil reserves can be exploited for another 70-100 years. It can be said that within a hundred years, Saudi Arabia will not have to worry about money.
3. Let’s talk about salary income
Someone has counted hundreds of Saudi companies and calculated that the wages of Saudi employees are generally above 12,000 riyals (Saudi currency). Converted into RMB, it is about more than 20,000. As for workers in some special positions, their incomes are even higher. In addition, the most important point is that prices in Saudi Arabia are similar to those in our country. Think about it, what kind of life can a person with a monthly salary of 20,000 in China lead? And a monthly salary of 20,000 is just the average salary in Saudi Arabia. Therefore, in terms of relative wealth, Saudi residents are generally wealthier than us.
4. Social Welfare
Saudi Arabia implements publicly funded medical care for its citizens. As long as you go to a public hospital to see a doctor, you don't need to spend money to see a doctor, get an injection, or take medicine. Even for some relatively major surgeries, all costs are paid by the government. Many people may say that it takes a long time to see a doctor in a public hospital, and you have to wait in line for several months. It is a country with a large population, and Saudi Arabia's total population is only over 34 million. The medical conditions in public hospitals will not appear to be very crowded. Of course, these benefits are all aimed at nationals of the country. If you were a citizen of another country, you would not be able to enjoy such high treatment. If you go to Saudi Arabia to work, for the same job, your income will not be as high as that of locals. In fact, part of their income is equivalent to subsidies. In Arab countries, the rich are really rich, and the poor are really poor
In the Arab League, countries like Saudi Arabia, Qatar, Kuwait, Bahrain, Jordan, Oman and other countries are all developed countries. If there are more oil reserves and more money, the economy will naturally develop, and the country will naturally be rich. However, countries such as Yemen and Egypt are also very poor. Not to mention compared with our country, when it comes to African countries, they are all at the bottom of the economic rankings. The League of Arab States currently has 22 member states. There are many countries with relatively good economic development, like Saudi Arabia, which is really rich. There are quite a few poorer ones, like Egypt, which are not even as good as other Southeast Asian countries.
Therefore, the Arab League, those who are rich are really rich, and those who are poor are really poor!