Economy of the Arab League
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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 countries in the Arab World.
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 war-torn nations within the league, such as: Syria, Iraq and Yemen.
Free trade agreements
[edit]GDP and GDP per capita of member states
[edit]
_per_capita_map_of_the_Arab_League_(October_2023_IMF_data).svg)
| >$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$3.546 trillion at nominal values and US$9.423 trillion at purchasing power parity (PPP).[1] The member states with the largest nominal GDP are Saudi Arabia at US$1.084 trillion, followed by the UAE at US$549 billion and Egypt at US$347 billion.[1] The member states with the highest GDP (PPP) are Egypt at US$2.372 trillion, followed by Saudi Arabia at US$2.230 trillion and the UAE at US$905 billion.[1]
The member state with the smallest nominal GDP is Comoros at US$2 billion.[1]
The member states with the highest nominal GDP per capita are Qatar at US$71,653, followed by the UAE at US$49,498 and Saudi Arabia at US$30,099.[1] The member state with the highest GDP (PPP) per capita is Qatar at US$121,605, followed by the UAE at US$81,676 and Bahrain at US$67,795.[1] The member state with the lowest nominal GDP per capita is Yemen at US$417.[1]
List
[edit]| Country/Territory | GDP (nominal, Billions) | GDP (PPP, Billions) | GDP per capita (nominal) | GDP per capita (PPP) | Year |
|---|---|---|---|---|---|
 World
|
113,795.678 | 206,878.221 | 14,217 | 25,591 | 2025 |
 Arab League
|
3,546.040[n 1] | 9,423.146[n 2] | 7,369 | 19,581 | 2025 |
 Saudi Arabia
|
1,083.750 | 2,229.611 | 30,099 | 61,923 | 2025 |
 United Arab Emirates
|
548.598 | 905.227 | 49,498 | 81,676 | 2025 |
 Egypt
|
347.342 | 2,371.530 | 3,174 | 21,668 | 2025 |
 Algeria
|
268.885 | 875.334 | 5,690 | 18,525 | 2025 |
 Iraq
|
258.020 | 690.902 | 5,668 | 15,178 | 2025 |
 Qatar
|
222.776 | 378.083 | 71,653 | 121,605 | 2025 |
 Morocco
|
165.835 | 424.871 | 4,397 | 11,266 | 2025 |
 Kuwait
|
153.101 | 260.503 | 29,951 | 50,961 | 2025 |
 Oman
|
104.351 | 231.160 | 18,966 | 42,015 | 2025 |
 Syria
|
60.043 | 136.379 | 2,807 | 6,375 | 2010 |
 Tunisia
|
56.291 | 183.725 | 4,528 | 14,779 | 2025 |
 Jordan
|
56.102 | 131.677 | 4,903 | 11,508 | 2025 |
 Bahrain
|
47.829 | 112.366 | 28,857 | 67,795 | 2025 |
 Libya
|
47.484 | 123.987 | 6,801 | 17,758 | 2025 |
 Sudan
|
31.506 | 117.773 | 625 | 2,336 | 2025 |
 Lebanon
|
28.280 | 63.168 | 5,282 | 11,798 | 2024 |
 Palestine
|
17.848 | 30.737 | 3,259 | 5,612 | 2023 |
 Yemen
|
17.401 | 69.960 | 417 | 1,675 | 2025 |
 Somalia
|
12.994 | 32.496 | 766 | 1,916 | 2025 |
 Mauritania
|
11.470 | 40.060 | 2,478 | 8,654 | 2025 |
 Djibouti
|
4.587 | 9.942 | 4,343 | 9,415 | 2025 |
 Comoros
|
1.548 | 3.655 | 1,702 | 4,018 | 2025 |
Notes
[edit]References
[edit]External links
[edit]- https://web.archive.org/web/20080506173842/
- http://www.amf.org.ae/venglish [1]
- Full text of the Agadir Agreement (English version)
- The Agadir Agreement and Open regionalism by Steffen Wippel
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