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Economy of the Arab League

From Wikipedia, the free encyclopedia

Part of a series on the
Arab world

Theeconomy of the Arab League is the economy of the member states of theArab League. The economy has traditionally been dependent on exports of oil and natural gas; however, the tourism sector has grown rapidly, becoming the fastest-growing sector in the region. TheGreater Arab Free Trade Area, founded in 1997, is the league's free trade area which removedcustoms taxes on 65% of trade between countries in theArab World.

Members of theArab League are among the richest and poorest of the world, and there is a great disparity in the economic development of members of the league. There is a significant difference imbalance in wealth between theGulf states, which includeQatar, theUnited Arab Emirates,Saudi Arabia and war-torn nations within the league, such as:Syria,Iraq andYemen.

Free trade agreements

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Main article:Council of Arab Economic Unity

GDP and GDP per capita of member states

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Further information:List of Arab League countries by GDP (nominal) andList of Arab League countries by GDP (PPP)
Arab League HQ building inCairo;Doha; &Jeddah; Egypt; Saudi Arabia, & United Arab Emirates
Arab League members by GDP (PPP)per capita in 2023
  >$70,000
  $60,000 - $70,000
  $50,000 – $60,000
  $40,000 – $50,000
  $30,000 – $40,000
  $20,000 – $30,000
  $10,000 – $20,000
  $5,000 – $10,000
  $2,500 – $5,000
  $1,000 – $2,500
  <$1,000
  No data

Based on latest figures and estimates, the Arab League has aGDP of approximatelyUS$3.546 trillion at nominal values and US$9.423 trillion atpurchasing power parity (PPP).[1] The member states with the largest nominal GDP areSaudi Arabia at US$1.084 trillion, followed by the UAE at US$549 billion andEgypt at US$347 billion.[1] The member states with the highest GDP (PPP) areEgypt at US$2.372 trillion, followed bySaudi Arabia at US$2.230 trillion and theUAE at US$905 billion.[1]

The member state with the smallest nominal GDP isComoros at US$2 billion.[1]

The member states with the highest nominal GDP per capita areQatar at US$71,653, followed by theUAE at US$49,498 andSaudi Arabia at US$30,099.[1] The member state with the highest GDP (PPP) per capita isQatar at US$121,605, followed by theUAE at US$81,676 andBahrain at US$67,795.[1] The member state with the lowest nominal GDP per capita isYemen at US$417.[1]

List

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Latest available GDP data for members of the Arab League in $US[1]
Country/TerritoryGDP (nominal, Billions)GDP (PPP, Billions)GDP per capita (nominal)GDP per capita (PPP)Year
World113,795.678206,878.22114,21725,5912025
Arab League3,546.040[n 1]9,423.146[n 2]7,36919,5812025
 Saudi Arabia1,083.7502,229.61130,09961,9232025
 United Arab Emirates548.598905.22749,49881,6762025
 Egypt347.3422,371.5303,17421,6682025
 Algeria268.885875.3345,69018,5252025
 Iraq258.020690.9025,66815,1782025
 Qatar222.776378.08371,653121,6052025
 Morocco165.835424.8714,39711,2662025
 Kuwait153.101260.50329,95150,9612025
 Oman104.351231.16018,96642,0152025
 Syria60.043136.3792,8076,3752010
 Tunisia56.291183.7254,52814,7792025
 Jordan56.102131.6774,90311,5082025
 Bahrain47.829112.36628,85767,7952025
 Libya47.484123.9876,80117,7582025
 Sudan31.506117.7736252,3362025
 Lebanon28.28063.1685,28211,7982024
 Palestine17.84830.7373,2595,6122023
 Yemen17.40169.9604171,6752025
 Somalia12.99432.4967661,9162025
 Mauritania11.47040.0602,4788,6542025
 Djibouti4.5879.9424,3439,4152025
 Comoros1.5483.6551,7024,0182025

Notes

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  1. ^The sum of all GDP figures below.
  2. ^The sum of all GDP figures below.

References

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  1. ^abcdefgh"Report for Selected Countries and Subjects".IMF. Retrieved2 July 2025.

External links

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