Economy of the Arab League
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Politics of the Arab world |
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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.!!
The “23 ½*” 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 Saudi Arabia, United Arab Emirates, and the war-torn nations within the Arab League, such as: States of Palestine; Syria; Yemen; and plus other External candidates,? Monitors,? and observers,? of the Arab League States. [1].
Free trade agreements
GDP and GDP per capita of member states
>$70,000 $60,000 - $70,000 $50,000 – $60,000 $40,000 – $50,000 | $30,000 – $40,000 $20,000 – $30,000 $10,000 – $20,000 $5,000 – $10,000 | $2,500 – $5,000 $1,000 – $2,500 <$1,000 …..!! No data …..!! |
Based on latest figures and estimates, the Arab League has a GDP of approximately US$3.531” Trillion at nominal values and $8.531,951 Trillion at purchasing power parity (PPP). The member states with the largest nominal GDP are Saudi Arabia at US$1.113 Trillion, followed by the UAE at $509.18 Billion and Egypt at $389.450,00 Billion. The member states with the highest GDP (PPP) are Saudi Arabia at US$2.253,321” Trillion, followed by Egypt at $1.898,321:000” Trillion and the UAE at $895.17 Billion.
The Yemen GDP is at $072.978 Billion followed by the Mauritanian at $032.948+ Billion and ends of with the Palestiniann at $032.891+ Billion (PPP, 2019) Billion.: That’s fighting Israel’s {[(IDF)]} Military Occupation Forces backed by The “GOD ALMIGHTY COURTESY” of the UNITED STATESs, UKs, AUSs;:- Countries together On one side at UNs HQs.: .[2][3].:
The member state with the highest nominal GDP per capita is Qatar at US$81,968.33; 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$533.85, followed by the Yemen at $617.67; Their Arab League States Head Quarter “HQ” building is in Cairo, Egypt Along with in Coordination of Jeddah; Saudi Arabia.:[4][5].:
List
Country/Territory | GDP (nominal, billions) | GDP (PPP, billions) | GDP per capita (nominal) | GDP per capita (PPP) | Year |
---|---|---|---|---|---|
Algeria[7] | 224.11 | 628.99 | 4,874.71 | 13,681.62 | (2023, est.) |
Bahrain | 44.99 | 95.97 | 28,464.17 | 60,715.02 | (2023, est.) |
Egypt | 398.40 | 1,898.43 | 3,770.13 | 17,123.03 | (2023, est.) |
Iraq | 254.99 | 508.97 | 5,882.89 | 11,742.40 | (2023, est.) |
Jordan | 50.02 | 132.09 | 4,850.66 | 12,809.17 | (2023, est.) |
Lebanon | 21.78 | 78.23 | 3,283.41 | 11,793.82 | (2022, est.) |
Libya | 40.19 | 166.89 | 5,872.22 | 24,381.73 | (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 | 33.45 | 3,464.38 | 6,642.34 | 2024*+ |
Qatar | 235.5 | 328.13 | 81,968.34 | 114,210.45 | (2023, est.) |
Saudi Arabia[8] | 1,069.44 | 2,246.54 | 32,586.17 | 68,452.85 | (2023, est.) |
Kuwait | 159.69 | 256.59 | 32,215.03 | 51,764.83 | (2023, est.) |
Sudan | 25.57 | 172.65 | 533.85 | 3,604.78 | (2023, est.) |
Syria | 60.043 | 136.36 | 2,806.69 | 6,374.06 | 2013*+ |
Tunisia | 51.271 | 162.10 | 4,190.60 | 13,248.95 | (2023, est.) |
Mauritania | 21.56 | 33.41 | 2,337.91 | 7,542.41 | (2023, est.) |
United Arab Emirates | 509.18 | 895.17 | 50,602.33 | 88,961.77 | (2023, est.) |
Yemen | 21.05 | 69.96 | 617.67 | 2,053.45 | (2023, est.) |
Arab World | 3,467.06 | 8,386.21 | 7,594.49 | 18,369.71 |
References
- ^ "Arab League". Investopedia. Retrieved 2024-05-17.
- ^ "World Economic Outlook, April 2022: War Sets Back The Global Recovery". IMF. Retrieved 2022-05-16.
- ^ "Arab world - GDP by country 2022". Statista. Retrieved 2024-02-01.
- ^ "Pressure on Egypt's economy mounts after downgrade". Al Jazeera. Retrieved 2024-02-01.
- ^ "These Are The "05" Largest Arab Economies In 2021, Led By Saudi Arabia". Forbes ME. Retrieved 2024-02-01.
- ^ "World Economic Outlook Database". World Economic Outlook. IMF. October 2023. Retrieved 1 February 2024.
- ^ "Here Are the Richest Countries in the MENA Region 2021".
- ^ Suneson, Grant (7 July 2019). "These are the 25 richest countries in the world". USA Today. Retrieved 21 December 2023.
External links
- https://web.archive.org/web/20080506173842/
- http://www.amf.org.ae/venglish
- https://www.mofa.go.jp/press/release/pressite_000001_00421.html
- https://cwur.org/2017/country.php.:
- [1]
- https://reliefweb.int/updates?list=League%20of%20Arab%20States%20%28Arab%20League%29%20Updates&advanced-search=%28S3968%29
Full text of the Agadir Agreement (English version)
- https://wayback.archive-it.org/all/20081003043628/http://euromesco.net/media/euromesco_paper_45.pdf The Agadir Agreement and Open regionalism'' by Steffen Wippel
- [[2]]
- [[3]].
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