Per Capita income of Saudi Arabia: The per capita income or income per capita is essentially the average income per person for a region, city or a country. The per capita income has been used for a long time for a means of evaluating the living conditions of people and the quality of the life in various areas of the world.
The per capita income is calculated by dividing the total income by the total population. In the case of the Kingdom of Saudi Arabia, according to statistics revealed in a research by the IMF International Monetary Fund, the Kingdom has a per capita income of $55,263 which brings the Kingdom at no.12 on the list of highest per capita incomes.
India: In comparison to Saudi Arabia, India, which is one of the biggest emerging superpowers in the world, is ranked at 122nd highest per capita income in the world with $7,174.
Pakistan, which is India’s neighbor and also a nuclear power is known globally to be facing severe political as well as the terrorist crisis in the country, is not far behind at number 135 on the list which a per capita income of $5,354
Top 3 Countries with Highest Per Capita Income
01-Qatar: If the per capita income of the Kingdom of Saudi Arabia was to be compared with those of the top 3 on the list of highest per capita incomes than on no.1 would come to Qatar with a per capita income of $ 124,927 which is almost 2 times that of the Kingdom.
02-Luxembourg: At no.2 we have Luxembourg which has a per capita income of $99,506 which is almost twice the amount of the per capita income of Saudi Arabia.
03-Singapore: The country with the third highest per capita income in Singapore with $85,382, which is again significantly greater than that of the Kingdom.
Top 3 Countries with Lowest Per Capita Income
01-Central African Republic: If we compare the per capita income of the Kingdom of Saudi Arabia with that of the three countries with the lowest per capita income, then firstly we would compare with the Central African Republic which comes in at no.187 and with a per capita income of $681. On average, one person earns SR 6.45 per day.
02-Democratic Republic of Congo: Similarly, on no. 186 is the Democratic Republic of Congo with a per capita income of $785.
03-Burundi: Finally, we have Burundi at no. 185 with a per capita income of $808.
It should be noted that the higher the population, the lower the per capita income will go hence comparing the total income of two regions with varying populations is not an accurate measurement of success. You need to calculate the per capita income for the fair comparison.
The per capita income of a country relies heavily on political and financial stability in a country, and any country with either an unstable political scene or a high-security risk factor will obviously have a lower per capita income than those countries with the ideal circumstances listed above.