Arab World economy graph showing purchasing power parity (PPP) growth from 2000 to today. Purchasing power parity adjusts the size of the economy to relevant price levels, i.e. measuring the price of specific goods in different countries and adjusting GDP accordingly.
The Arab World, encompassing 22 countries, had a combined GDP per capita (PPP) of about $19,000 in 2023, indicating a diverse economic landscape. Economies in this region vary widely, with oil-rich nations like Saudi Arabia and the UAE focusing on energy exports, while others emphasize agriculture, manufacturing, and services.