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Ranking Gulf countries in terms of economic stability and quality of life


The Gulf Cooperation Council (GCC) has 6 member countries, including the UAE, Saudi Arabia, Oman and Qatar. Over the years, these nations have made significant progress on global rankings for economic stability and quality of life.

These six Gulf countries have great fossil fuel reserves. But the reducing oil prices in the global market has been compelling them to try out economic diversification. They are trying to reduce their dependence on oil by focusing more on tourism, manufacturing and even transportation.

1. UAE

No. 1 in Economically Stable

No. 17 in Best Countries Overall

2. Saudi Arabia

No. 10 in Economically Stable

No. 32 in Best Countries Overall

3. Qatar

No. 14 in Economically Stable

No. 25 in Best Countries Overall

4. Kuwait

No. 27 in Economically Stable

No. 53 in Best Countries Overall

5. Bahrain

No. 32 in Economically Stable

No. 69 in Best Countries Overall

6. Oman

No. 38 in Economically Stable

No. 61 in Best Countries Overall

The UAE is also one of the most liberal countries among the six Gulf Cooperation Council (GCC) nations. Prior to the discovery of oil, the country’s economy used to be dependent on primarily fishing and the pearl industry. But since the export of oil started in the 1960s, the UAE’s economy has rapidly transformed.

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