Qatar is still the richest country in the world - page 2.

bryant.coleman

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Quote from: swaglord420 on July 24, 2017, 11:12:01 AM

I've been there, and the average joe on the street and security guards seem to be earning diddlysquat...

The reason for that is both the "average joe" and the security guard is from third world nations such as Nepal and Bangladesh. The Qatari nationals are not interested in working. Why should they work, when they have so much money with them? Also, they have huge sovereign wealth funds, which will sustain them for decades even if the natural gas prices crash.

Lancusters

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The economy in my understanding is the production. I don't know any big companies in Qatar. A resource-based economy is very vulnerable and I think that when the blockade of Qatar this can create big problems. I think that Qatar will have to negotiate with neighbors in order not to provoke a crisis.

swaglord420

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I've been there, and the average joe on the street and security guards seem to be earning diddlysquat...

Netnox

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Quote from: skymberloh on July 23, 2017, 11:32:53 PM

Qatar has seen astonishing economic growth ,I think it is because of the rebound on oil price and its massive natural gas reserve and it will be adjusted for purchasing power.

They will face problems now. The natural gas prices are inter-linked with the crude oil prices. If the prices remain low, then obviously the revenues are going to get affected.

skymberloh

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Quote from: Vishnu.Reang on July 12, 2017, 08:52:45 AM

Despite the sanctions/blockade from Saudi Arabia and its allies, Qatar has maintained its position as the richest country in the world, ahead of Luxembourg. Interestingly, 4 out of the 5 countries are in the Asian continent, with Macau, Singapore, and Brunei occupying positions #3 to #5. Average wages in Qatar stands at $129,112 per head, which is almost double of that in the United States.

Qatar has seen astonishing economic growth ,I think it is because of the rebound on oil price and its massive natural gas reserve and it will be adjusted for purchasing power.

The_prodigy

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Quote from: Vishnu.Reang on July 12, 2017, 08:52:45 AM

Despite the sanctions/blockade from Saudi Arabia and its allies, Qatar has maintained its position as the richest country in the world, ahead of Luxembourg. Interestingly, 4 out of the 5 countries are in the Asian continent, with Macau, Singapore, and Brunei occupying positions #3 to #5. Average wages in Qatar stands at $129,112 per head, which is almost double of that in the United States.

I think that the economy in Qatar alog with its position in oil and gold still has a long ways to go when it comes to their productivity and Qatar really has shown correct decisionmaking and stability that has gelped them even when economic problems arise.

Vishnu.Reang

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Quote from: xwshamim on July 22, 2017, 10:17:27 AM

Allah have given them a natural resorce oil and every country needs oil for cooking so they export oil all over the world it is a must for them to be the richest country in the world

They don't have any significant oil resources. But they have huge natural gas deposits and they benefited enormously from the price rise of LNG during the early 2010s. A low population also helped.

xwshamim

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Allah have given them a natural resorce oil and every country needs oil for cooking so they export oil all over the world it is a must for them to be the richest country in the world

salinizm

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I'm very surprised when i learnt that Qatar is the most richest country on earth. Whereas Qatar has some much money , every country on earth must get on well with this country for their own sake.

olubams

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A rich country does not necessarily means the people are rich going by the uncensored report and outside those fine and beautiful places that we have see on TVs one cannot but imagine if its the same Qatar we always seen. That being siad I believe the current report showing them on top is just a buffer to the whole world in which I believe it won't stand for long no country won't by any means feel the effect of sanctions from neighbouring countries considering the fact that sanctions are not given if they know it won't have any effect.

mklost

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Profit for Oil was for sure the best business to sheikh Billionaires in Gulf region but the future tends to some alternatives so things can change.

siti25

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Quote from: Vishnu.Reang on July 12, 2017, 08:52:45 AM

Despite the sanctions/blockade from Saudi Arabia and its allies, Qatar has maintained its position as the richest country in the world, ahead of Luxembourg. Interestingly, 4 out of the 5 countries are in the Asian continent, with Macau, Singapore, and Brunei occupying positions #3 to #5. Average wages in Qatar stands at $129,112 per head, which is almost double of that in the United States.

Wow It's very high, to be honest I already know that Qatar is the richest country, but I never thought if the statistics showed an unusually high number. Moreover, it turns out that the numbers shown are double from the United States. This surprised me.

iram1011

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Quote from: Vishnu.Reang on July 12, 2017, 08:52:45 AM

Average wages in Qatar stands at $129,112 per head, which is almost double of that in the United States.

The vast gap between the very rich and the very poor is not easily ignored. Qatar’s rapid growth is being driven by a continuous influx of labourers, mostly from South Asia.

Qatar, a country with the size of Estonia and 2.6 million population (mostly foreign workers), is rich because it owns huge Natural Gas reserves (14% of the world capacity) and modest oil capacity compared to OPEC members. But wealth is not equally distributed.

maku

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Quote from: mk4 on July 12, 2017, 09:20:01 AM

Quote from: Vishnu.Reang on July 12, 2017, 08:52:45 AM

Average wages in Qatar stands at $129,112 per head, which is almost double of that in the United States.

What? I knew it was high but I didn't know it was THAT high. No wonder alot of people go overseas and work there.

I did a bit of research on Qatar's economy, it says that taxable income generally is subject to a flat (CIT) rate of 10%. That's alot lower than I expected with that high of an average wage.

This is a reason Qatar is so successful, western economists and politics can't handle the truth - the fewer taxes they impose on society the better everything will work.
In Europe, there is corporate TAX, maximum income tax rate and VAT, not to mention other types of 'hidden' taxes and fees.
How can you survive when more than 50% of your income goes back to the state?

Sithara007

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Quote from: k@suy on July 19, 2017, 09:12:17 PM

Thats right. Been there and seen the situation but I think Qatar is quite an open country compared to other mid east country eccept UAE. Qatar has big reserve in gas that can sustain them in the years yo come.

Qatar is just like any other GCC nation. They treat the blue collar laborers like slaves. And their attitude towards the housemaids is the same. 99% of the housemaids working in Qatar can expect getting raped by the employer.

k@suy

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Quote from: Vishnu.Reang on July 19, 2017, 09:05:46 PM

Quote from: Okurkabinladin on July 13, 2017, 11:36:29 AM

UN gives Qatar a year to end forced labour of migrant workers.

Qatar has promised to introduce a new law later this year to end the kafala system under which migrant workers can only work for their sponsor and have no freedom to change employer or leave the country without their employers’ approval. Human rights campaigners have complained this allows conditions that amount to modern-day slavery for many of the migrant worker population of more than 1.5 million in Qatar.

The action comes in response to a complaint from a dozen countries including the UK, France, Pakistan and Canada, that Qatar was failing to observe the UN convention on forced labour.

https://www.theguardian.com/world/2016/mar/24/un-gives-qatar-year-end-forced-labour-migrant-workers

Not just Qatar, but all of the Gulf nations are horrible places to work for blue collar expat workers. That's why very few people from the developed world go there, despite of the high salaries. For the female housemaids from South Asia and Southeast Asia, the condition is even worse. On top of the physical abuse, they have to deal with sexual abuse as well.

Thats right. Been there and seen the situation but I think Qatar is quite an open country compared to other mid east country eccept UAE. Qatar has big reserve in gas that can sustain them in the years yo come.

Vishnu.Reang

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Quote from: Okurkabinladin on July 13, 2017, 11:36:29 AM

UN gives Qatar a year to end forced labour of migrant workers.

Qatar has promised to introduce a new law later this year to end the kafala system under which migrant workers can only work for their sponsor and have no freedom to change employer or leave the country without their employers’ approval. Human rights campaigners have complained this allows conditions that amount to modern-day slavery for many of the migrant worker population of more than 1.5 million in Qatar.

The action comes in response to a complaint from a dozen countries including the UK, France, Pakistan and Canada, that Qatar was failing to observe the UN convention on forced labour.

https://www.theguardian.com/world/2016/mar/24/un-gives-qatar-year-end-forced-labour-migrant-workers

Not just Qatar, but all of the Gulf nations are horrible places to work for blue collar expat workers. That's why very few people from the developed world go there, despite of the high salaries. For the female housemaids from South Asia and Southeast Asia, the condition is even worse. On top of the physical abuse, they have to deal with sexual abuse as well.

kelceyott

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Quote from: Vishnu.Reang on July 12, 2017, 08:52:45 AM

Despite the sanctions/blockade from Saudi Arabia and its allies, Qatar has maintained its position as the richest country in the world, ahead of Luxembourg. Interestingly, 4 out of the 5 countries are in the Asian continent, with Macau, Singapore, and Brunei occupying positions #3 to #5. Average wages in Qatar stands at $129,112 per head, which is almost double of that in the United States.

The richest country in the world has to rely on the economy! Medical services, education, convalescence ... how. What is the standard of living in this country? How much does Bitcoin in the United States cost when selling a BTC? The countryside of cherry blossoms is also quite rich.

yakushev

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I wonder if it is difficult to become a citizen of this country? If the government cares about its citizens there, then I do not mind changing citizenship and leaving my poor country.
I wish I was born in Qatar

Sithara007

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Quote from: LilibethSantos on July 14, 2017, 12:15:39 AM

They simply lucked out by having a tiny population with a ton of oil. If the population was over 10 million versus its current 2.6 million, it would probably have a similar gdp per capita as saudi arabia.

Out of the population of 2.6 million (more like 3 million now), only somewhere around 250,000 and 300,000 are Qatari nationals. The rest are short-term immigrants from countries such as Nepal, Bangladesh, India and Pakistan. Now compare this to Saudi Arabia, where there are somewhere between 20 million and 25 million nationals.

Topic: Qatar is still the richest country in the world - page 2. (Read 2971 times)