Tuesday 4 June 2013

UAE's fourth richest country in the world and first among Arab countriesSource: Dubai - Ashraf RafiqDate: 03 June 2013
UAE ranked fourth globally richest countries in the world on a per capita basis than GDP, which amounted to 49.88 thousand dollars ahead of Switzerland, which is one of the richest European countries, according to estimates by the International Monetary Fund. At a time when the UAE was ranked fourth Switzerland came in fifth place, the per capita share of the gross domestic product (GDP) reached 46.47 thousand dollars a year.Emirates has never in terms of per capita GDP only three countries, namely the United States in third place, and Norway in second place, while Singapore came in first place.The International Monetary Fund estimates that a small number of oil-producing countries reflected their income on per capita gross domestic product, and very little was able to take advantage of this income, which emerged as the United Arab Emirates.A major cityThe IMF said that Dubai has turned into a major city central desert region. Its population has the highest income levels and living standards. The report said the UAE in general are still making progress developmentally and tourism plays an important role in economic growth. As the foreign investments boosted the local economy and valued at $ 10 billion in 2011.OptimismAnd through the International Monetary Fund for optimism in the estimates for the UAE, which is expected to grow per capita GDP to reach more than 57 thousand dollars by the year 2018. He attributed the activist fund economic growth in the UAE to markets in the country, which recorded big gains so far this year. The report said that at the time, which is the investment in the countries of the Middle East is not easy compared to well-established markets, such as Switzerland, the investment in the UAE offers the story of the brightest success stories in the region. The fund added that the UAE is ranked second in terms of investing in funds negotiable 2013

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