The economic indicators which define inter-Arab economic, political and social diversity, as well as the differences between the Arab countries and their neighbouring countries serve to define the relative economic strengths of each of these countries. This paper adopts a quantitative-statistical approach to arrive at a series of mathematical relationships which serve to fulfil the purpose of this paper. Specifically, the paper seeks to arrive at a ranking of Arab states based on their relative economic power. In doing so, the paper will also seek to determine what the sources of economic strength or weakness for a given country.