5 Richest Arab Countries in 2023

4. Iraq

Total GDP of the country (2023): $267.89 Billion

Iraq is ranked the fourth richest Arab country in 2023 backed by a massive oil economy. Iraq holds some of the largest oil reserves in the world and is the second-largest crude oil producer in OPEC, after Saudi Arabia. Iraq’s economy is heavily dependent on the export of petroleum. The country has a GDP per capita of $6,180.