Iraq is the fifth largest Arab economy in terms of GDP
Iraq is the fifth largest Arab economy in terms of GDP
2024-12-25 02:00
Shafaq News/ Iraq ranked fifth in the Arab world and 46th globally out of 196 countries listed in the table among the largest economies in the world in terms of gross domestic product for the year 2024.
The American magazine cewworld reported in a report seen by Shafaq News Agency that since 2014, China has occupied its position as the largest economy in the world when evaluated by GDP at purchasing power parity, with $31.072 trillion, followed by the United States of America with a GDP of $29.160 trillion, while India came third with $16.019 trillion, Russia fourth with $6.909 trillion, and Japan fifth with $6.572 trillion, while Tuvalu came at the bottom of the list with $66 million, preceded by Nauru with $141 million.
In the Arab world, Egypt came first with the largest GDP, which is equivalent to purchasing power parity, at $2.232 trillion, followed by Saudi Arabia in second place with $2.112 trillion, followed by the United Arab Emirates in third place with $849 billion, Algeria with $826 billion, and Iraq in fifth place with $655 billion, according to the American magazine’s report.
She pointed out that Morocco came in sixth place with $396 billion, Qatar came in seventh place with $355 billion, Tunisia came in eighth place with $269 billion, Kuwait came in ninth place with $249 billion, and Oman came in tenth place with $222 billion.
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