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]
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 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 $1.81 trillion and the UAE at $895.17 billion.
The Mauritanian at $10.19 billion followed by the Palestiniann at $18.13 billion and ends of with Eritrean at $6.88 billion (PPP, 2019) billion.[2][3]
The member state with the highest nominal GDP per capita is Qatar at US$81,968.34, 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.[4][5]
Listedit
Latest available GDP data for members of the Arab League in $US[6]
economy, arab, league, economy, arab, league, economy, member, states, arab, league, economy, traditionally, been, dependent, exports, natural, however, tourism, sector, grown, rapidly, becoming, fastest, growing, sector, region, greater, arab, free, trade, ar. 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 Contents 1 Free trade agreements 2 GDP and GDP per capita of member states 3 List 4 References 5 External linksFree trade agreements editMain article Council of Arab Economic UnityGDP and GDP per capita of member states editFurther information List of Arab League countries by GDP nominal and List of Arab League countries by GDP PPP nbsp Arab League HQ building in Cairo Egypt nbsp Arab League members by GDP PPP per capita in 2023 gt 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 lt 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 81 trillion and the UAE at 895 17 billion The Mauritanian at 10 19 billion followed by the Palestiniann at 18 13 billion and ends of with Eritrean at 6 88 billion PPP 2019 billion 2 3 The member state with the highest nominal GDP per capita is Qatar at US 81 968 34 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 4 5 List editLatest available GDP data for members of the Arab League in US 6 Country Territory GDP nominal Trillions GDP PPP trillions GDP per capita nominal GDP per capita PPP Year nbsp Algeria 7 224 11 628 99 4 874 71 13 681 62 2023 est nbsp Bahrain 44 99 95 97 28 464 17 60 715 02 2023 est nbsp Egypt 398 40 1 809 43 3 770 13 17 123 03 2023 est nbsp Iraq 254 99 508 97 5 882 89 11 742 40 2023 est nbsp Jordan 50 02 132 09 4 850 66 12 809 17 2023 est nbsp Lebanon 21 78 78 23 3 283 41 11 793 82 2022 est nbsp Libya 40 19 166 89 5 872 22 24 381 73 2023 est nbsp Mauritania 10 36 33 41 2 337 91 7 542 41 2023 est nbsp Morocco 147 34 385 34 3 979 87 10 408 31 2023 est nbsp Oman 108 28 200 30 21 265 63 39 336 14 2023 est nbsp Palestine 18 11 36 39 3 464 38 6 642 34 2024 nbsp Qatar 235 5 328 13 81 968 34 114 210 45 2023 est nbsp Saudi Arabia 8 1 069 44 2 246 54 32 586 17 68 452 85 2023 est nbsp Kuwait 159 69 256 59 32 215 03 51 764 83 2023 est nbsp Sudan 25 57 172 65 533 85 3 604 78 2023 est nbsp Syria 60 043 136 36 2 806 69 6 374 06 2013 nbsp Tunisia 51 271 162 10 4 190 60 13 248 95 2023 est nbsp United Arab Emirates 509 18 895 17 50 602 33 88 961 77 2023 est nbsp Yemen 21 05 69 96 617 67 2 053 45 2023 est nbsp Arab World 3 467 06 8 386 21 7 594 49 18 369 71References edit https www investopedia com terms a arab league asp toc what is the purpose of the arab league World Economic Outlook April 2022 War Sets Back The Global Recovery IMF Retrieved 2022 05 16 Arab world GDP by country 2022 Statista Retrieved 2024 02 01 Pressure on Egypt s economy mounts after downgrade Al Jazeera Retrieved 2024 02 01 These Are The 5 Largest Arab Economies In 2021 Led By Saudi Arabia Forbes ME Retrieved 2024 02 01 World Economic Outlook Database World Economic Outlook IMF October 2023 Retrieved 1 February 2024 Here Are the Richest Countries in the MENA Region 2021 Suneson Grant 7 July 2019 These are the 25 richest countries in the world USA Today Retrieved 21 December 2023 External links edithttps web archive org web 20080506173842 http www amf org ae venglish 1 https reliefweb int updates list League 20of 20Arab 20States 20 28Arab 20League 29 20Updates amp advanced search 28S3968 29 Full text of the Agadir Agreement English version The Agadir Agreement and Open regionalism by Steffen Wippel 1 https www aljazeera com amp news 2016 4 14 jordan closes muslim brotherhood headquarters in amman Retrieved from https en wikipedia org w index php title Economy of the Arab League amp oldid 1223466805, wikipedia, wiki, book, books, library,
