$2.39 trillion, the size of the Arab economy in 2020, a Saudi lead with a share of 29.3%

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The gross domestic product (GDP) at current prices of the Arab countries during the past year amounted to about $2.39 trillion (representing 2.83 percent of the global economy), of which $700.1 billion “2.63 trillion riyals” is for Saudi Arabia.
According to the monitoring of the reports unit in the newspaper “Al-Iqtisadiah”, and based on data from the International Monetary Fund and Arab statistical bodies, Saudi Arabia’s share of the Arab economy in 2020 is about 29.3 percent, as the largest Arab economy.
The report includes 19 Arab countries, while data is not available for three countries: Syria, Palestine and Djibouti.
The size of the Arab economy in 2020 outperforms the eighth largest economy in the world, the Italian economy, with a GDP of 1.88 trillion dollars, while it comes less than the seventh largest economy in the world, the French economy, with an output of 2.6 trillion dollars.
This means that if the Arab economy is compared to the largest global economies, it will come in eighth place in the world behind France.
Three countries accounted for 59.3 percent of the Arab economy in 2020, namely Saudi Arabia, with a domestic output of $700.1 billion (29.3 percent), Egypt, the second largest Arab economy, with $361.9 billion (15.1 percent of the total), and the UAE, the third largest Arab economy, with a production of 354.3 billion. dollars (14.8% of the total).
The Gulf economy in its six countries (Saudi Arabia, the Emirates, Kuwait, Oman, Qatar and Bahrain) accounted for about 58.8 percent of the Arab economy in 2020, with the GDP of the Gulf countries reaching about 1.41 trillion dollars.
Regarding the ranking of Arab countries in terms of GDP at current prices during 2020, Iraq came behind Saudi Arabia, Egypt and the UAE, as the fourth largest Arab economy, with a GDP of $172.1 billion, which constitutes 7.2 percent of the GDP of the Arab countries combined.
Fifthly, Qatar came with a GDP of 146.1 billion dollars, representing 6.1 percent of the GDP of Arab countries, then Algeria with a GDP of 144.3 billion dollars, representing 6 percent of the GDP of Arab countries.
In seventh place, Morocco came with a GDP of $113.6 billion, which constitutes 4.8 percent of the Arab economy, then Kuwait in eighth place, with a GDP of $107.9 billion, which constitutes 4.5 percent of the Arab world’s GDP.
And in the ninth place, the Sultanate of Oman came with a GDP of $63.2 billion, which constitutes 2.6 percent of the Arab GDP. Tenth, Jordan, with a GDP of $43.5 billion, representing 1.8 percent of the Arab economy.
Behind them is Tunisia with $39.6 billion (1.7 percent), Sudan with $34.4 billion (1.44 percent), Bahrain with $33.9 billion (1.42 percent), and Libya with $21.8 billion (0.9 percent).
In 15th place, Yemen came with $20.1 billion (0.84 percent), Lebanon with $19.1 billion (0.8 percent), and Mauritania, with $8.2 billion (0.3 percent).
Somalia recorded a GDP of $4.9 billion (0.2 percent), and finally Comoros, with a production of $1.2 billion (0.1 percent of Arab GDP in 2020).
Economic Reporting Unit





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