Essay On Comparison Of GDP

Looking at the official exchange rate Gross Domestic Product (GDP) of the 22 Arab league members in the year 2012, the total was $3278.60 billion (CIA Fact book). When compared to that GDP of United Kingdom which was, $2.443 trillion in the same year 2012 (CIA Fact book) it shows that the sum of GDP of the 22 states is much less. On the same year, France managed to realize $2.579 trillion of the official exchange rate GDP. This compared to that of Arab States shows that the GDP of the 22 states was lower than that of France. Germany had a GDP of $3.383 (CIA Fact book) trillion in the same year 2012, higher than that of France but way larger than the Arab Countries combined. The same is with Japan that had GDP of $5.88 trillion in the same year. Finally, the United States had the highest of all with GDP of $16.02 trillion. All the five western countries had higher GDP compared to the sum of all the Arab States.
The GDP of Israel in 2012 was $254 billion when compared to the GDP of Palestine population (both Gaza Strip and West Bank) that was $6.641 billion on the same year; it shows that Israel had a higher GDP by almost thirty times that of Palestine. This shows that Israel was wealthier than combined West Bank and Gaza Strip.
Looking at the above statistics, US, UK, France, Germany, and Japan each of them is wealthier than the Arab states combined. Saudi Arabia seems to be benefiting from the Middle East oil more than the other 21 states with a GDP of $701.4 billion (CIA Fact book). In conclusion, the much talked of wealth of the Arab States is not true when compared to states such as US, Japan, France, UK, and Germany.
Works CitedSullivan, Elias. The Contemporary Study of the Arab World. Alberta: Alberta press, 2010.
Irwin, Neil. Congratulations America. Washington: Nerd Press, 2013.
Country comparison: oil proved reserves Access to the CIA fact book https://www.cia.gov/library/publication/the-world-fact/book/index.html. Retrieved on 25th Jan 2014