Income gap between Saudis, Gulf citizens widens
The EIA did not give specific reasons for the widening gap, but predicted it as the cause of increased rate of population growth in the Kingdom.
The jump in oil prices since 2011 has resulted in a proportionate increase in per capita income in oil-exporting countries, but the gap between the incomes of Saudis and citizens of neighboring Gulf states has increased tremendously.
According to the US Energy Information Administration (EIA), the per capita income of Saudis last year was $8,939 last year, a decline from $9,705 in 2012.
The per capita income of Saudis and Gulf citizen has widened in 2013, where the per capita income of Kuwaitis was $29,949, which is around 3.4 times more than that of Saudis.
The EIA did not give specific reasons for the widening gap, but said it may be the result of the increased rate of population growth in the Kingdom.
The article was first published in the Saudi Gazette on Aug.4, 2014.