Based on the provided data using 2024 nominal Gross Domestic Product (GDP), the richest Arab country is Saudi Arabia.
GDP is a key economic indicator representing the total monetary value of all finished goods and services produced within a country's borders in a specific period. While other metrics like GDP per capita can indicate the average wealth or living standards of a country's residents, total nominal GDP is often used to rank the overall size of an economy.
According to the reference data for 2024 nominal GDP:
| Rank | Country/Territory | 2024 GDP (US$ billions) |
|---|---|---|
| 01. | Saudi Arabia | 1,100.706 |
| 02. | United Arab Emirates | 545.053 |
| — | Arab World Total | 3,575.705 |
| — | World Total | 125,064.915 |
As shown in the table, Saudi Arabia's projected nominal GDP for 2024 significantly surpasses other countries in the Arab League, positioning it as the largest economy among them according to this specific metric. The United Arab Emirates ranks second, with a GDP roughly half the size of Saudi Arabia's.
