Economy of the Arab League

Life in the Arab League
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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 then 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 is very diverse. 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.

List of member states by GDP (PPP)

Further information: List of countries by GDP (PPP) and List of countries by GDP (PPP) per capita

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 dollar. 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.^[1]

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	161,931	5,249
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	42,271	11,300
Jordan	27,986	4,886
Bahrain	24,499	32,064
Mauritania	5,818	1,800
Somaliab	5,575	600
Palestineb	5,034	1,100
Djibouti	1,738	2,271
Comoros	719	1,125

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