The 10 largest economies in the Middle East by nominal GDP (2025)

Nominal (PIB) Gross Domestic Product is a crucial indicator that reflects the total value of goods and services produced by a nation in a given period, expressed in current U.S. dollars. Below is a ranking of the most prominent economies in the Middle East, based on their nominal GDP projections for the year 2025:

Turkey: The Regional Economic Power

With an estimated nominal GDP of $1.44 trillion, Turkey ranks as the most robust economy in the region. Its strategic geographical location, serving as a bridge between Europe and Asia, significantly contributes to its economic strength.

Saudi Arabia: The oil giant

Saudi Arabia ranks second with a projected nominal GDP of $1.08 trillion. Its economy, traditionally driven by the oil industry, is undergoing a gradual diversification under the Vision 2030 initiative.

Israel: The Center of Technological Innovation

Israel ranks third with an estimated nominal GDP of $583 billion. Its economy is distinguished by its focus on high technology and innovation, earning it the nickname "Start-up Nation".

United Arab Emirates: The commercial and tourist hub

With a projected nominal GDP of 549 billion dollars, the United Arab Emirates is establishing itself as a hub for trade and tourism in the region, particularly highlighting the emirate of Dubai.

Egypt: The African Economic Power in the Middle East

Egypt ranks fifth with an estimated nominal GDP of 347 billion dollars. Its diversified economy encompasses sectors such as tourism, agriculture, and manufacturing.

Iran: A Resilient Economy

Despite international sanctions, Iran maintains a relevant position with a projected nominal GDP of 341 billion dollars, mainly supported by its natural resources and industrial sector.

Iraq: Reconstruction and Growth

Iraq ranks seventh with an estimated nominal GDP of 258 billion dollars. Its economy, in the process of recovery, is fundamentally supported by oil exports.

Qatar: Small in size, big in wealth

Qatar, with a projected nominal GDP of 223 billion dollars, stands out for its high per capita income, resulting from its abundant natural gas reserves.

Kuwait: Oil Prosperity

Kuwait ranks ninth with an estimated nominal GDP of $153 billion. Its economy is heavily dependent on the oil industry.

Oman: Economic Diversification

Closing the list, Oman presents a projected nominal GDP of 104 billion dollars. The sultanate is implementing strategies to diversify its economy beyond the oil sector.

Nominal GDP provides an overview of the size and strength of the economies in the Middle East. However, it is important to consider that this indicator does not take into account factors such as the cost of living or inflation in each country. To obtain a more complete picture of economic well-being, it is advisable to also analyze other indicators such as GDP per capita or GDP adjusted for purchasing power parity.