Egypt is poorer than other Arab Spring countries

Egypt ranks 109 globally in the world’s wealthiest/poorest countries list, with Gross Domestic Product (GDP) per capita equivalent to $6,650 per annum, according to a recent Global Finance Magazine report.

Egypt’s ranking comes below other countries that witnessed the Arab Spring, such as Algeria, Tunisia and Libya.

Despite facing an unstable security situation and internal conflicts, Libya remains in a better ranking than Egypt at 69, with per capita GDP approximately $14,500 per year. Its ranking makes Libya wealthier than Iran, Brazil, South Africa and Thailand.

Meanwhile, Qatar is considered the wealthiest country in the world, according to the report, which said that the GDP per capita in the tiny GCC state surpasses $105,000.

There is a significant difference between Qatar and the second wealthiest country globally, which is Luxemburg, who’s per capita GDP is approximately $80,000 per annum.