Compare and contrast the total GDP of the Arab world Essay

Compare and contrast the total GDP of the Arab world - Essay Example In the case of France, the country’s GDP ($2.734 trillion) alone is greater than the combined GDP of Arab League members. In 2011, Germany’s GDP was estimated to be $3.55 trillion, which is $1.24 trillion greater than the total GDP of Arab League members. The Arab League members’ combined GDP is nearly half the GDP of Japan ($5.773 trillion) alone in the same year. It is interesting to note that Japan achieved this status despite the massive Tsunami attack on March 2011. Finally, the United States’ GDP is 6 times greater than the total GDP of Arab League members in 2011. According to CIA World Factbook, total GDP of the occupied Palestine was estimated to be $6.641 billion in 2011. As compared to the GDP of Israel ($239.8 billion) in the same year, it seems that the combined GDP of Arab League members represents only 2.77% of the Israel GDP. From the above compare and contrast analysis, it is clear that the combined GDP of 22 Arab League members is less than the GDP of economically developed countries like United States, Japan, Germany, and France. It must be noted that this combined GDP would be smaller if members like Saudi Arabia, UAE, and Egypt are taken away from the list. Countries like US, Japan, and Germany contribute to global economy far better than Arab League members do combinedly. As stated in the Arab League Investment and Business Giude despite the enormous oil and natural gas reserves, the Arab League’s economy greatly struggles to stabilize the region’s growth; and tourism sector is appeared to be one of the fastest growing industries in this area (14). Experts suggest that Arab League members have adequate key resources to enhance their GDP growth rate over the next decades. Finally, the GDP of the occupied Palestine (Gaza Strip and West Bank) constitutes only a small percent of the GDP o f the