Report: Wealth in Qatar grows six-fold in 10 years; debt nine-fold
Qatar has the wealthiest people on average in the Middle East and North Africa, at $146,623 a person – an almost six-fold increase from the year 2000, a Credit Suisse report has found.
But debt has also gone up nine-fold in the last decade, with the average adult owing some $16,587.
Gulf Times reports:
Kuwait came in the second position in the latest estimate with the average wealth per adult of $134,592 (156% growth since 2000), followed by the UAE with $115,774 (104%), according to the Credit Suisse report.
Among the largest economies in the region, Saudi Arabia’s average wealth per adult rose only 56% to reach $35,959 while Egypt’s wealth per adult climbed 47% to $10,421.