Is Spain richer than Turkey?

Spain has a GDP per capita of $38,400 as of 2017, while in Turkey, the GDP per capita is $27,000 as of 2017.

Is Saudi Arabia richer than Turkey?

Turkey has a GDP per capita of $27,000 as of 2017, while in Saudi Arabia, the GDP per capita is $54,500 as of 2017.

Is Saudi bigger than Turkey?

Saudi Arabia is about 2.7 times bigger than Turkey. Turkey is approximately 783,562 sq km, while Saudi Arabia is approximately 2,149,690 sq km, making Saudi Arabia 174\% larger than Turkey. Meanwhile, the population of Turkey is ~82.0 million people (47.8 million fewer people live in Saudi Arabia).

How much money is rich in Turkey?

Of the 100,200 high net worth individuals (HNWIs) in Turkey with assets of $1 million or more, 5,200 HNWI have net assets of over $10 million. Turkey is followed by the United Arab Emirates, which counts 72,100 HNWIs among its population.

How has oil contributed to the economic development of Saudi Arabia?

The petroleum sector accounts for roughly 87\% of budget revenues, 42\% of GDP, and 90\% of export earnings. Saudi Arabia is encouraging the growth of the private sector in order to diversify its economy and to employ more Saudi nationals. Saudi officials are particularly focused on employing its large youth population.

Is Turkey a rich country?

Turkey is defined by economists and political scientists as one of the world’s newly industrialized countries. With a population of 83.4 million as of 2021, Turkey has the world’s 20th-largest nominal GDP, and 11th-largest GDP by PPP.

Why is Turkey more Arab than Spain?

Turkey is more Arab than Spain, even though Spain has a lot of Arab buildings since Andalusia era. The reason is simple: Spain is a Catholic country, while Turkey is a Muslim majority country, thus Arabic as a language is used in Turkey to recite the Quran.

What is the richest and poorest country in the world?

GDP per capita adjusted for relative purchasing power gives us an idea, albeit an imperfect one. Luxembourg on the left is the world’s richest country and Burundi on the right is the poorest. Would you rather be rich in a poor country or poor in a rich one?

Which country is more Balkan Spain or Turkey?

Turkey has a very rich culture that includes many cultures, not one. You could also ask which country is more Balkan, Spain or Turkey. The answer is Turkey. Turkey has a rich culture and so does Spain. They are both beautiful countries, so let’s have a beautiful question instead of such a question.

Is it better to be rich or poor in a country?

In conclusion, then, when considering whether it is better to be rich in a poor country or poor in a rich one, the best chance of enjoying a superior standard of living is to reside in a richer nation no matter where a person falls on the income distribution scale. The coronavirus pandemic proved it most strikingly.