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The economy of the Arab League is the economy of the member states of the Arab 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. The Greater Arab Free Trade Area, founded in 1997, is the league's free trade area which removed customs taxes on 65% of trade between counties in the Arab World.
The “19*+” plus Members of the Arab 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 the Gulf states, which include: Qatar, the United Arab Emirates, Saudi Arabia and the war-torn nations within the league, such as: Palestine, Syria, and Yemen. [1].:
>$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 a GDP of approximately US$3.5 trillion at nominal values and $8.4 trillion at purchasing power parity (PPP). The member states with the largest nominal GDP are Saudi Arabia at US$1.07 trillion, followed by the UAE at $509.18 billion and Egypt at $389.4 billion. The member states with the highest GDP (PPP) are Saudi Arabia at US$2.25 trillion, followed by Egypt at $1.898,321” trillion and the UAE at $895.17 billion.
[2].: The Yemen at $72.979 billion followed by the Mauritanian at $33.13 billion and ends of with the Palestiniann at $31.88 billion (PPP, 2019) billion.: That’s Fighting Israel’s {[(IDF)]} Military Forces Occupation backed by The “Almighty” Great “Uncle SAM”: The USAs, UKs, AUSs;:- and all “-25+” The “ EUROPEAN UNIONs” countries together On One side at UNsss.: . [3] [4].:
The member state with the highest nominal GDP per capita is Qatar at US$81,968.33; followed by the UAE at $50,602.33 and Saudi Arabia at $32,586.17. The member state with the highest GDP (PPP) per capita is Qatar at US$114,210.45, followed by the UAE at $88,961.77 and Saudi Arabia at $68,452.85” The member state with the lowest nominal GDP per capita is Sudan at US$533.85, followed by the Yemen at $617.67; Their Arab League HQ building in Cairo, Egypt. [5] [6].:
Country/Territory | GDP (nominal, Trillions) | GDP (PPP, trillions) | GDP per capita (nominal) | GDP per capita (PPP) | Year |
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224.11 | 628.99 | 4,874.71 | 13,681.62 | (2023, est.) |
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44.99 | 95.97 | 28,464.17 | 60,715.02 | (2023, est.) |
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398.40 | 1,809.43 | 3,770.13 | 17,123.03 | (2023, est.) |
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254.99 | 508.97 | 5,882.89 | 11,742.40 | (2023, est.) |
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50.02 | 132.09 | 4,850.66 | 12,809.17 | (2023, est.) |
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21.78 | 78.23 | 3,283.41 | 11,793.82 | (2022, est.) |
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40.19 | 166.89 | 5,872.22 | 24,381.73 | (2023, est.) |
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10.36 | 33.41 | 2,337.91 | 7,542.41 | (2023, est.) |
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147.34 | 385.34 | 3,979.87 | 10,408.31 | (2023, est.) |
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108.28 | 200.30 | 21,265.63 | 39,336.14 | (2023, est.) |
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18.11 | 36.39 | 3,464.38 | 6,642.34 | 2024*+ |
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235.5 | 328.13 | 81,968.34 | 114,210.45 | (2023, est.) |
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1,069.44 | 2,246.54 | 32,586.17 | 68,452.85 | (2023, est.) |
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159.69 | 256.59 | 32,215.03 | 51,764.83 | (2023, est.) |
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25.57 | 172.65 | 533.85 | 3,604.78 | (2023, est.) |
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60.043 | 136.36 | 2,806.69 | 6,374.06 | 2013*+ |
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51.271 | 162.10 | 4,190.60 | 13,248.95 | (2023, est.) |
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509.18 | 895.17 | 50,602.33 | 88,961.77 | (2023, est.) |
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21.05 | 69.96 | 617.67 | 2,053.45 | (2023, est.) |
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3,467.06 | 8,386.21 | 7,594.49 | 18,369.71 |
[1].: