Question

1. The UAE is a country that has a great amount of oil wealth. The GDP per capita PPP is

about 67.293 USD. The population is 9.5 million, which is divided in the following way:
there are 2.2 males for each female; 88.5% expatriates and 11.5% Emiratis. Many of the
expatriates work in construction. How does the UAE's GNI per capita compare to its GDP
per capita. Explain your answer.

Answer 1

According to the CIA, the United Arab Emirates has a Gini Coefficient of 0.32, which is below the world average of 0.64. Thus, the United Arab Emirates has a higher income equality than that of the rest of the world, where the lower classes and the upper classes (saving cases of extreme wealth) do not have as much income difference.

Today, the country's GDP per capita PPP is almost 68,000 dollars per year, and the population has a high standard of living and large incomes, which makes poverty in the country almost non-existent. Now, some people do not earn more than 30,000 a year, being these members of the lower classes of society, who still can afford an acceptable quality of life.