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, Libya 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]
List
Latest available GDP data for members of the Arab League in $US[6]
_per_capita_map_of_the_Arab_League_(October_2023_IMF_data).svg)
