Economy of the Arab League


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 United Arab Emirates, 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. The Greater Arab Free Trade Area effectively rendered 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 United Arab Emirates, 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, Qatar at purchasing power parity, is 35 times higher than that of Djibouti.

Free trade agreements

GDP and GDP per capita

Based on latest figures and estimates, the Arab League has a total GDP of approximately Int$10.695 trillion at purchasing power parity, or Int$3.841 trillion at nominal values. The member state with the highest total GDP is Saudi Arabia at Int$1.925 trillion, or 759.219 billion in current US dollars. Comoros has the last lowest GDP at Int$2.446 billion, or Int$2,095 at Nominal after a Djibouti which has 2nd lowest GDP atInt$3.975 billion And nominal of Int$1,349. The country with the a highest GDP per capita is Qatar, at Int$133,357, or Int$68,977. Somalia has the 5th last lowest in Arab World Economy after that of Palestine and before a Mauritania, with a nominal GDP per capita a of Int $05.218 billion or $889 per a capita. Qatar's nominal GDP per capita is around 105% times as high as that of Yemen. AJ news.!!
GDP
GDP
GDP / capita GDP / capita
183.687684.6494,22915,765
38.95276.85625,78150,868
01.179 ?01,349 ?02.446 ?02,799 ?
02.187 ?03.974 ?02,084 ?03,788 ?
299.5891,391.7343,01914,028
225.257704.3925,75818,008
44.25697.1804,3949,650
136.940319.54129,12867,969
58.28192.2529,60715,208
44.96479.2686,83512,050
5.56919.6341,1914,200
121.350330.3813,4099,283
79.458204.23318,08146,476
14.49821.220
5,2757,722
193.502370.61470,288134,622
779.2891,923.2223,50757,811
31.468176.7210,9454,085
77.460121.6004,2966,744
36.204150.8343,07212,800
427.876757.52539,80670,474
29.07976.0949282,404
Total--03,821.---10.625.---20.21510,52.321

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List of country/organisation by GDP (PPP)