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Saudi Arabia has a very high GDP and an even higher GNI. Government-owned assets are counted toward GDP/GNI.

• adolph 5y ago
  > A society with small GDP is not necessarily poor. E.g. if there's plenty of resources, available as communal, then that would change the view and sense of prosperity within these communities. SA was a society with small GDP that became wealthy through development of natural resources. Similarly Canada has a significant amount of resources. Colonial expropriation meant that these resources have not been controlled by the previous regimes. [A] major source of income for the ruler of Hijaz was the taxes paid by pilgrims on their way to the holy cities. After the depression hit, the number of pilgrimages per year fell from 100,000 to below 40,000.[2] This hurt their economy greatly and they needed to find alternate sources of income. This caused Ibn Saud to get serious about the search for oil. https://en.wikipedia.org/wiki/History_of_the_oil_industry_in_Saudi_Arabia https://en.wikipedia.org/wiki/History_of_the_oil_industry_in...
  • CryptoPunk 5y ago
    >>SA was a society with small GDP that became wealthy through development of natural resources. Yes that is correct, and I see your point now.