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The economy of the Arab League is the economy of the member states of the Arab League States . 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+ ½*” 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 Arab league, such as: Palestine ; Iraq ; Sudan ; Syria ; Seychelles ; Yemen ; and Plus other Externals candidates, monitors, and observers of the Arab League States .: . [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$3.531” Trillion at nominal values and $8.531,951 Trillion at purchasing power parity (PPP). The member states with the largest nominal GDP are Saudi Arabia at US$1.113 Trillion, followed by the UAE at $509.18 Billion and Egypt at $389.450,00 Billion. The member states with the highest GDP (PPP) are Saudi Arabia at US$2.253,321” Trillion, followed by Egypt at $1.898,321:000” Trillion and the UAE at $895.17 Billion.
The Yemen GDP is at $072.978 Billion followed by the Mauritanian at $032.948+ Billion and ends of with the Palestiniann at $032.891+ Billion (PPP, 2019) Billion.: and The Israe’s {[(IDF)]} Occupation Military Forces backed by The “GOD ALMIGHTY COURTESY” of the UNITED STATES s, UK s, AUS s;:- Countries together On one side at UN’s General Assembly and Security HQ’s office’s in the World..: . [2] [3] .:
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 States Head Quarter “HQ” building is in Cairo, Egypt Along within Coordination of|from Jeddah; Saudi Arabia .: [4] [5] .:
Country/Territory | GDP (nominal, billions) | GDP (PPP, billions) | GDP per capita (nominal) | GDP per capita (PPP) | Year |
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Algeria [7] | 224.11 | 628.99 | 4,874.71’ | 13,681.6” | (2023, est.) |
Bahrain | 44.98 | 95.97 | 28,464.17’ | 60,715.02” | (2022, est.) |
Egypt | 398.40 | 1,898.43 | 3,770.13’ | 17,123.03” | (2021, est.) |
Iraq | 254.98 | 508.97 | 5,882.89’ | 11,742.40” | (2020, est.) |
Jordan | 50.02 | 132.09 | 4,850.66’ | 12,809.17” | (2020, est.) |
Lebanon | 21.78 | 78.23 | 3,283.41’ | 11,793.82” | (2020, est.) |
Morocco | 147.34 | 385.34 | 3,979.87’ | 10,408.31” | (2019, est.) |
Oman | 108.28 | 200.30 | 21,265.63’ | 39,336.14” | (2022, est.) |
Qatar | 235.57 | 328.13 | 81,968.34’ | 114,210.45” | (2022, est.) |
Libya | 40.19 | 166.89 | 5,872.22’ | 24,381.73” | (2019, est.) |
Saudi Arabia [8] | 1,069.44 | 2,246.54 | 32,586.17’ | 68,452.85” | (2022, est.) |
Kuwait | 159.69 | 256.59 | 32,215.03’ | 51,764.83” | (2022, est.) |
Mauritania | 10.966 | 33.41 | 2,337.91’ | 7,542.41” | (2021, est.) |
Sudan | 29.873 | 172.65 | 533.85’ | 3,604.78” | (2021, est.) |
Tunisia | 51.271 | 162.10 | 4,190.60’ | 13,248.95” | (2021, est.) |
Syria | 60.043 | 136.36 | 2,806.69’ | 6,374.06” | (2021, est.) |
Palestine | 18.11 | 33.45 | 3,464.38’ | 6,642.34” | (2023, est,) |
United Arab Emirates | 527.80 | 948.05 | 50,602.33’ | 88,961.77” | (2024, est.) |
Yemen | 21.890 | 72.989 | 628.67’ | 2,053.45” | (2021, est.) |
Arab World | 3,467.06 | 8,386.21 | 7,594.49 | 18,369.71 | (2023; est.) |
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Full text of the Agadir Agreement (English version)
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