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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

Main article: Council of Arab Economic Unity

GDP and GDP per capita of member states

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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). 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. 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.

The member state with the smallest nominal GDP is Comoros at US$2 billion.

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. 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. The member state with the lowest nominal GDP per capita is Yemen at US$417.

List

Country/TerritoryGDP (nominal, Billions)GDP (PPP, Billions)GDP per capita (nominal)GDP per capita (PPP)Year
*United Nations World***113,795.678****206,878.221****14,217****25,591****2025**
Arab League3,546.040The sum of all GDP figures below.9,423.146The sum of all GDP figures below.7,36919,5812025
1,083.7502,229.61130,09961,9232025
548.598905.22749,49881,6762025
347.3422,371.5303,17421,6682025
268.885875.3345,69018,5252025
258.020690.9025,66815,1782025
222.776378.08371,653121,6052025
165.835424.8714,39711,2662025
153.101260.50329,95150,9612025
104.351231.16018,96642,0152025
60.043136.3792,8076,3752010
56.291183.7254,52814,7792025
56.102131.6774,90311,5082025
47.829112.36628,85767,7952025
47.484123.9876,80117,7582025
31.506117.7736252,3362025
28.28063.1685,28211,7982024
17.84830.7373,2595,6122023
17.40169.9604171,6752025
12.99432.4967661,9162025
11.47040.0602,4788,6542025
4.5879.9424,3439,4152025
1.5483.6551,7024,0182025

Notes

References

References

  1. "Report for Selected Countries and Subjects".
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