According to “the Changing Wealth of Nations” Report, issued by World Bank Group, United Arab Emirates is ranked 4th in wealth per capita, reaching almost $ 827.76 thousands, using purchasing power parities, while Singapore is ranked 1st , Switzerland and United States of America are 2nd and 3rd.
In terms of share of non- renewable resources (oil & gas) of the gross domestic product (GDP), United Arab Emirates is ranked 9th, whereas it is ranked the world 9th country for natural wealth and natural resource revenues. It is expected, according to the report, that United Arab Emirates will preserve its oil wealth for more than 67 years, and will also maintain its gas wealth for more than 100 years.
It is noteworthy that “the Changing Wealth of Nations” is a report issued by World Bank Group, for the purpose of covering the wealth of 146 countries for the years 1995- 2018, measuring the economic value of natural renewable capital, such as: forest, agricultural lands & ocean resources, and non- renewable natural capital, such as: minerals & fossil fuel, in addition to human and productive capitals.