Economy of the Arab League

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The Arab League is rich in resources, with enormous oil and natural gas reserves. The region's instability has not affected its tourism industry, which is considered the fastest growing sector in the region, with Egypt, the UAE, Lebanon, Saudi Arabia and Jordan leading the way. Another industry that is growing steadily in the Arab League is telecommunications. Within less than a decade, local companies such as Orascom and Etisalat have managed to successfully compete internationally as global power players.

Economic achievements among member states have been low in the League's history. Other smaller Arab organizations, such as the GCC, have achieved more than the League has. However, lately there has emerged several major economic projects that slated to be completed soon that appear promising. Of these, the Arab Gas Pipeline, a project which hopes to funnel Egyptian and Iraqi gas to Jordan, Syria and Lebanon, and then to Turkey and Europe, is scheduled to reach completion by the year 2010. The GAFTA free trade agreement is to be completed by the January 1, 2008, effectively rendering 95% of all Arab products free of customs tax.

The economic development in the Arab League exhibits a great diversity. There is a significant difference between, on the one hand, the rich oil states of the UAE, Qatar, Kuwait, and Saudi Arabia, and on the other hand, the poor countries like the Comoros, Mauritania and Djibouti. For instance, the GDP per capita of the wealthiest Arab Country and the wealthiest in the world, Qatar, is 73 times higher than that of Mauritania.[1][2]

Free trade agreements

List of member states by GDP (PPP)

Arab League HQ building in Cairo, Egypt
Arab League members depending on the GDP PPP

This following table lists the gross domestic product (GDP) of the Arab League and its member states based on purchasing power parity (PPP) and measured in US dollars. If not indicated otherwise, the figures are based on the 2017 data published by the International Monetary Fund.[3]

Country GDP (Nominal) GDP (Nominal) US$ per capita GDP (PPP) GDP (PPP) US$ per capita
 Saudi Arabia 1,060,000,000,000 32,121 2,097,000,000,000 63,545
 Egypt 408,045,000,000 4,503 1,198,000,000,000 12,560
 Algeria 173,947,000,000 4,187 634,746,000,000 15,281
 United Arab Emirates 400,902,000,000 38,436 729,043,000,000 69,896
 Qatar 180,910,000,000 65,158 359,163,000,000 129,360
 Morocco 136,080,000,000 3,888 309,533,000,000 8,844
 Kuwait 118,000,000,000 27,237 303,000,000,000 69,669
 Iraq 240,006,000,000 6,491 612,000,000,000 16,551
 Syria 59,957,000,000 2,802 107,831,000,000 5,040
 Tunisia 40,289,000,000 3,553 136,797,000,000 12,065
 Oman 71,325,000,000 17,485 189,582,000,000 46,475
 Libya 54,411,000,000 11,126 87,067,000,000 14,072
 Sudan 115,874,000,000 2,841 186,715,000,000 4,578
 Lebanon 53,915,000,000 11,615 88,786,000,000 19,128
 Yemen 37,307,000,000 1,244 117,679,000,000 2,818
 Jordan 39,453,000,000 5,092 86,193,000,000 11,124
 Bahrain 34,310,000,000 25,494 69,922,000,000 51,956
 Palestine[a] - - 11,950,000,000 2,900
 Mauritania 5,063,000,000 1,304 17,421,000,000 4,488
 Somalia[a] 5,800,000,000 600 4,431,000,000 547
 Djibouti 2,098,000,000 2,055 3,656,000,000 3,582
 Comoros 657,000,000 774 1,329,000,000 1,566
 Arab League[b] 3,238,349,000,000 12,762 7,351,844,000,000 25,732

List of country/organization by GDP (PPP)

Country/Organization GDP (PPP) US$B GDP (PPP) US$ per capita
 World 82,762 11,975
 People's Republic of China 25,102 17,943
 European Union 21,700 42,459
 United States 20,199 61,687
 India 10,339 7,749
 Arab League[b] 7,352 25,732
 Japan 5,420 44,246
 Germany 4,150 50,206


  1. ^ a b The IMF source does not provide data for this country. The reported figures are taken from a 2007 estimate of the CIA published in the CIA factbook.[4]
  2. ^ a b The IMF source does not provide data for the compound Arab League. The total GDP figure has been calculated as the sum of the GDPs of the member states. The per capita value is derived on the basis of the population stated in the infobox.


  1. ^ "The Arab World Competitiveness Report 2007". World Economic Forum. 2007. 
  2. ^ "Tips for the Best Fishing in the UAE". Archived from the original on March 17, 2016. Retrieved March 17, 2016. 
  3. ^ "Report for Selected Countries and Subjects". World Economic Outlook Database. IMF. April 2012. Retrieved 2008-07-24. 
  4. ^ "Field Listing - GDP (purchasing power parity)". The world factbook. CIA. 2008-07-15. Retrieved 2008-07-24. 

External links

  • Full text of the Agadir Agreement (English version)
  • The Agadir Agreement and Open regionalism by Steffen Wippel
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