A report issued by the World Bank estimated the per capita share of the total wealth in the UAE at 3.04 million dirhams (827.76 thousand dollars); based on the basis of purchasing power, raking fourth in the world, while Singapore came first in the list, followed by Switzerland and then the United States in the second and third places, respectively.
The report "The Changing Wealth of Nations" estimated the share of non-renewable resources in the total wealth in the UAE at less than 30%, according to the data that covered the period from 1995 to 2018.
The UAE ranked 9th in the MENA region in terms of the share of non-renewable resources (oil and gas) of the GDP, which according to the report is less than 20% of GDP. It also ranked 9th globally in terms of the value of non-renewable natural resources and the volume of natural resource revenues.
According to the bank's estimates, the UAE is expected to preserve its oil wealth before its depletion for more than 67 years and about 100 years for its gas wealth. This World Bank report provides data for a more comprehensive look at economic growth and sustainability, and concludes that the share of total global wealth in renewable natural capital is decreasing.
Source (Al Khaleej Newspaper-UAE, Edited)
