8. United Arab Emirates / GDP Per Capita: $49,883.58
Most people know that the United Arab Emirates (UAE) economy is heavily reliant on oil revenues, but while that’s true, the nation has also successfully diversified its economy to become the least oil-reliant country in the Gulf Cooperation Council (GCC). In fact, the UAE’s non-oil sector grew 8.1% in 2014 to comprise 68.6% of its constant-price GDP — good news in a global economic climate where oil prices have been in sharp decline. As a result of the positive development, the UAE plans to stick to its strategy of further diversifying its local economy with the target of growing its non-oil sector to 80% of its GDP by 2021. Surprisingly though, despite the UAE’s impressive ranking in this list, its GDP worth$401 billion, is only the 30th largest in the world.
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