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It’s much smaller. Less than a tenth of our size.
Its economy is heavily dependent on oil.
O i l
It is the world’s third largest exporter.
In 1996 it set up a national oil wealth fund that is nearly twice the size of its GDP and the largest sovereign wealth fund in the world. Today it stands at 920 bn euros. FT March 22, 2017
That’s why it’s so rich. The fund contains more than £100,000 for every member of the population.