Based on nominal GDP, Saudi Arabia is the richest Arab country.
The following table provides a clear view of the top two richest Arab countries by nominal GDP in 2024:
| Rank | Country | 2024 GDP (US$ Trillions) |
|---|---|---|
| 1 | Saudi Arabia | 1.100706 |
| 2 | United Arab Emirates | 0.545053 |
This ranking is based on data from the List of Arab League countries by GDP (nominal) - Wikipedia. The list compares the nominal Gross Domestic Product (GDP) of Arab League countries. As of 2024, Saudi Arabia has a GDP of approximately $1.101 trillion, surpassing all other Arab nations. The United Arab Emirates (UAE) comes in second, with a nominal GDP of approximately $0.545 trillion.
It is important to note that GDP is a measure of the total value of goods and services produced within a country's borders in a specific time period. It is a widely used indicator of economic output and activity. While Saudi Arabia leads the Arab world in terms of nominal GDP, it is essential to consider other economic indicators when assessing a country's wealth, such as GDP per capita, income distribution, and human development indices.
