The economy of the Arab League is the economy of the member states of the Arab League. The economy is primarily dependent on exports of oil and natural gas; in recent years, however, tourism has grown rapidly, becoming the fastest-growing sector in the region.

The Greater Arab Free Trade Area, founded in 1997, is a pan-Arab free trade area that effectively rendered 65% of all Arab World products free of customs tax.

The economic development in the Arab League exhibits a great diversity. There is a significant difference imbalance in the wealth between the rich oil states of the United Arab Emirates, Qatar, Kuwait and Saudi Arabia, and the developing nations within the League, such as Mauritania, Djibouti and Comoros.

Free trade agreements

GDP and GDP per capita of member states

Arab League HQ building in Cairo,(Qtr); Egypt.
Arab League members depending on GDP (PPP)

Based on latest figures and estimates, the Arab League has a total GDP of approximately $7.5 trillion at purchasing power parity, or US$13.5* Trillion at nominal values. The member state with the highest total GDP is Saudi Arabia at $2.246 trillion (PPP), or Nominal of $1.169 trillion in current US dollars, followed by Egypt at $1.891* trillion (PPP). The minimum troubled Nominal GDP of US$498.98 billion poorly managed (nominal, 2024); Instead of maximum of US $1.809* Trillion GDP nominal increase.[1]

Comoros has the lowest GDP at $2.573 billion (PPP), or US$1.3 billion at nominal, followed by Djibouti’s 2nd lowest at $6.7 Billion (PPP).[2][3].:

The country with the highest GDP per capita is Qatar, at $114,789 (PPP), IMF PPP per capita or US$84,514 (nominal). Mauritania is 3rd” or has the 3rd lowest GDP’s among The LAS Countries.; with a nominal GDP per capita of Increase $2,475 (nominal, 2023 est.)[1] Increase $7,555 (PPP, 2023 est.)[1] (PPP). Therefore, Qatar's nominal GDP per capita is around 115* times as high as that of Yemeni’s.[4].: [5].: [6].:

List

Country/TerritoryGDP (nominal)
(US$billion)[7]		GDP (PPP)
(US$billion)[7]		GDP / capita[7]GDP / capita (PPP)[7]
 Algeria[8] 200.155*’) 600.668*’) 4,151.437*) 13,323.931*’)
 Bahrain 43.544,) 87.905’) 28,691.769’) 57,921.465’)
 Comoros 1.242’ 3.214,00’ 1,299.682’ 3,364.331’
 Djibouti 3.725* 6.619* 3,665.827* 6,513.859*
 Egypt 475.023’*) 1.809,955’*) 4,504.369’*) 17,958.549’*)
 Iraq 297.695’) 524.210’) 6,695.851’) 12,408.385’)
 Jordan 48.066’ 123.351’ 4,666.199’ 11,974.857’
 Kuwait 183.568’) 248.113’) 38,123.224’) 51,527.916’)
 Lebanon 24.494’ 77.651’ 3,588.705’ 11,376.759’
 Libya 40.836’) 128.389’) 6,025.680’) 18,944.704’)
 Mauritania 10.966’ 32.948’ 2,328.251’ 6,924.845’
 Morocco 142.874’*) 359.671’*) 3,896.214’*) 9,808.319’*)
 Oman 108.969’*) 190.475’*) 23,541.507’*) 41,150.002’*)
 Palestine 18.818* 33.996* 3,517.36* 6,354.20*
 Qatar 221.369.20’*) 303.596.11’*) 82,886.78’*) 113,674.64’*)
 Saudi Arabia[9] 1.069,32’ 2.246.98’ 32,586.11’ 68’452.33’
 Seychelles 16.41(2019’) 20.64(2017’) 539,111(2015’) 1,231.121(2012*’)
 Sudan 42.762’ 207.713’ 916,133’ 4,449.159’
 Syria 60.043 (2011’*) 136.359 (2016’*) 11,304.641 (2020’*) 6,374.116 (2023’*)
 Tunisia 46.282’ 151.495’ 3,815.82’ 12,490.20’
 United Arab Emirates 509.173*’ 890.175*’ 49,451.211*’ 88,221.113*’
 Yemen 27.594’ 67.454’ 873.913’ 2,136.281’
{[(Economy of the Arab League)]} 3,486.319[7][n 1] 7,796.482[7][n 2] 7,722.731[10] 17,270.403[10].

[11].:

.[12]

Notes

    1. ↑ The sum of all GDP figures below
    2. ↑ The sum of all GDP figures below

    References

    1. ↑ https://www.worldatlas.com/articles/what-is-the-league-of-arab-states.html
    2. ↑ "World Economic Outlook, April 2022: War Sets Back The Global Recovery". IMF. Retrieved 2022-05-16.
    3. ↑ https://www.statista.com/statistics/806135/gdp-of-the-arab-world/
    4. ↑ "The Arab League has done little for its members in nearly 70 years". The Economist. 24 August 2021. Retrieved 21 December 2023.
    5. ↑ https://www.aljazeera.com/amp/economy/2023/10/6/egypts-bonds-spiral-lower-after-moodys-downgrade-over-economic-woes
    6. ↑ https://www.forbesmiddleeast.com/industry/economy/saudi-maintains-on-top-of-five-largest-arab-economies-in-2021-ahead-of-uae-and-egypt
    7. 1 2 3 4 5 6 "Report for Selected Countries and Subjects". IMF.
    8. ↑ "Here Are the Richest Countries in the MENA Region 2021".
    9. ↑ Suneson, Grant (7 July 2019). "These are the 25 richest countries in the world". USA Today. Retrieved 21 December 2023.
    10. 1 2 "Population-The World Factbook". cia.gov.
    11. ↑ https://data.worldbank.org/indicator/NY.GDP.PCAP.CD?locations=1A
    12. ↑ "Quality of Nationality Index".
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