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Arab League
Flag of the Arab League.svg

This article is part of the series:
Life in
the Arab League

  

The Arab League is rich in resources, with enormous oil and natural gas reserves. It also has great fertile lands in the south of Sudan, an area usually referred to as the food basket of the Arab World. 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, Tunisia 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 Bahrain, 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].

Contents

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 2007 data published by the International Monetary Fund, World Economic Outlook Database, in April 2008.[2]

Country GDP (PPP) US$M GDP (PPP) US$ per capita
 Arab Leaguea 2,376,979 13,441
 Saudi Arabia 564,561 23,243
 Egypt 403,961 5,491
 Algeria 224,748 6,533
 United Arab Emirates 167,296 37,293
 Morocco 138,170 4,433
 Kuwait 130,113 39,306
 Iraqb 102,300 3,600
 Syria 87,091 4,488
 Sudan 80,706 2,172
 Tunisia 76,999 7,473
 Qatar 75,224 80,870
 Libya 74,752 12,277
 Oman 61,607 23,967
 Yemen 52,050 2,335
 Lebanon 49,514 13,031
 Jordan 27,986 4,886
 Bahrain 24,499 32,064
 Mauritania 5,818 1,800
 Somaliab 5,575 600
Palestinian National Authority Palestineb 5,034 1,100
 Djibouti 1,738 2,271
 Comoros 719 1,125
Country/Organization GDP (PPP) US$M GDP (PPP) US$ per capita
 Arab Leaguea 2,376,979 13,441
World 64,903,263 10,060
European Union European Union 14,712,369 30,521
United States United States 13,843,825 45,845
People's Republic of China People's Republic of China 6,991,036 5,292
Japan Japan 4,289,809 33,577
India India 2,818,867 2,659
Russia Russia 2,087,815 14,692

Notes:

Note a: 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.
Note 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.[3] For Palestine, a 2006 estimate was retrieved from the same source which is published as "West Bank (includes Gaza Strip)".

References

External links

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