Economy of the Arab League

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.

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

GDP and GDP per capita of member states

Based on latest figures and estimates, the Arab League has a GDP of approximately US$3.5 trillion at nominal values and $9.4 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 $489.4 billion. The member states with the highest GDP (PPP) are Saudi Arabia at US$2.25 trillion, followed by Egypt at $2.232 trillion and the UAE at $895.17 billion.

The member state with the smallest nominal GDP is Mauritania at $10.36 billion.^[1]^[2]

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 $555.85.^[3]^[4]

List

Latest available GDP data for members of the Arab League in $US^[5]
Country/Territory	GDP (nominal, Billions)	GDP (PPP, Billions)	GDP per capita (nominal)	GDP per capita (PPP).:	Year
Arab League Stts.:	3,667.67	8,986.21	7,594.49	18,369.71
Algeria^[6].:	224.11	628.98	4,874.71	13,681.62	(2023;est.)
Bahrain	65.98´	98.36	28,464.17	61,715.22	(2023;est.)
Egypt^[7].:	498.45	2,231.46	3,775.12	17,123.13	(2023;est.)
Iraq	254.98	508.97	5,882.89	11,742.41	(2023;est.)
Jordan	51.12	132.38	4,850.66	12,809.17	(2023;est.)
Kuwait	159.69	256.59	32,215.03	51,764.83	(2023;est.)
Lebanon	21.78	78.23	3,283.41	11,793.82	(2022;est.)
Libya	41.19	166.89	5,872.22	24,381.73	(2023;est.)
Mauritania	10.36	33.41	2,337.91	7,542.41	(2023;est.)
Morocco	147.34	385.34	3,979.87	10,408.31	(2023;est.)
Oman	108.28	200.30	21,265.63	39,336.14	(2023;est.)
Palestine	18.11^{[citation needed]}	36.39	3,464.38^{[citation needed]}	6,642.34	(2021;est.)
Qatar	235.15	328.13	81,968.34	114,210.45	(2023;est.)
Saudi Arabia^[8].:	1,112.45	2,246.55	32,586.17	68,452.85	(2025;est.)
Sudan	44.57’	169.65	555.38	3,604.78	(2023;est.)
Syria	61.143	55.39	2,806.69	6,374.16	(2022;est.)
Tunisia	51.271	162.10	4,190.60	13,248.95	(2023;est.)
United Arab Emirates^[9].::	495.18	895.17	51,602.33	88,961.77	(2023;est.)
Yemen	21.05	69.96	655.67	2,053.45	(2023;est.)
Arab League Stts”.:	3,967.06	8,986.21	7,594.49	18,369.71