Back Matter

Back Matter

Author(s):
International Monetary Fund. Middle East and Central Asia Dept.
Published Date:
May 2007
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    Statistical Appendix

    Data and Conventions

    The IMF’s Middle East and Central Asia Department (MCD) countries comprise Afghanistan, Algeria, Armenia, Azerbaijan, Bahrain, Djibouti, Egypt, Georgia, Iran, Iraq, Jordan, Kazakhstan, Kuwait, the Kyrgyz Republic, Lebanon, Libya, Mauritania, Morocco, Oman, Pakistan, Qatar, Saudi Arabia, Somalia, Sudan, Syria, Tajikistan, Tunisia, Turkmenistan, the United Arab Emirates (U.A.E.), Uzbekistan, West Bank and Gaza, and Yemen.

    The following statistical appendix tables contain data for 30 of the MCD countries. Somalia and West Bank and Gaza are not included because of limited data availability. Afghanistan, Iraq, and Turkmenistan are included in the tables, but excluded from the country grouping averages in all the tables except Tables 2, 4, 13, 14, 15, and 18. Data revisions reflect changes in methodology and/or revisions provided by the authorities.

    Tables and charts reflect data available as of end-March 2007.

    ... indicates that data are not available or not applicable.

    The data relate to the calendar year, with the following exceptions: (i) for Qatar, fiscal data are on a fiscal year (April/March) basis, and (ii) for Afghanistan, Egypt, Iran, and Pakistan, all macroeconomic accounts data are on a fiscal year basis. For Egypt and Pakistan, the data for each year (e.g., 2004) refer to the fiscal year (July/June) ending in June of that year (i.e., June 2004). For Afghanistan and Iran, data for each year refer to the fiscal year (March 21/March 20) starting in March of that year, except Table 5, which contains data on a calendar year basis.

    In Tables 3, 9, and 10, “oil” includes gas, which is also an important resource in several countries.

    REO aggregates are constructed using a variety of weights as appropriate to the series.

    Country group composites for exchange rates and the growth rates of monetary aggregates (Tables 6 and 17) are weighted by GDP converted to U.S. dollars at market exchange rates (both GDP and exchange rates are averaged over the preceding three years) as a share of MCD or group GDP.

    Composites for other data relating to the domestic economy (Tables 1, 3, 5, and 712) whether growth rates or ratios, are weighted by GDP valued at purchasing power parities (PPPs) as a share of total MCD or group GDP.

    Composites relating to the external economy (Tables 16 and 19) are sums of individual country data after conversion to U.S. dollars at the average market exchange rates in the years indicated for balance of payments data and at end-of-year market exchange rates for debt denominated in U.S. dollars.

    Tables 2, 4, 13, 14, 15, and 18 are sums of the individual country data.

    CCA (the Caucasus and Central Asia) comprises Armenia, Azerbaijan, Georgia, Kazakhstan, the Kyrgyz Republic, Tajikistan, Turkmenistan, and Uzbekistan.

    MENA (Middle East and North Africa) refers to the following countries covered by the MCD: Algeria, Bahrain, Djibouti, Egypt, Iran, Jordan, Kuwait, Lebanon, Libya, Mauritania, Morocco, Oman, Qatar, Saudi Arabia, Sudan, Syria, Tunisia, the U.A.E., and Yemen.

    GCC (Gulf Cooperation Council) comprises Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the U.A.E.

    Maghreb comprises Algeria, Libya, Mauritania, Morocco, and Tunisia.

    Table 1.Real GDP Growth(Annual change; in percent)
    Average 1998-20022003200420052006Proj. 2007
    Middle East and Central Asia3.96.46.06.26.56.4
    Oil exporters3.77.66.26.46.26.3
    Algeria3.66.95.25.32.74.5
    Azerbaijan7.710.410.224.331.029.2
    Bahrain4.87.25.67.87.76.9
    Iran4.27.25.14.45.35.0
    Iraq......46.53.73.010.4
    Kazakhstan6.89.39.69.710.69.0
    Kuwait8.216.510.510.05.03.5
    Libya2.25.95.06.35.67.9
    Oman3.62.05.45.85.96.0
    Qatar7.13.520.86.18.88.0
    Saudi Arabia1.57.75.36.64.64.8
    Syria2.41.02.42.93.03.3
    Turkmenistan15.617.114.79.09.010.0
    United Arab Emirates4.011.99.78.59.78.2
    Low-income countries4.96.76.37.59.48.6
    Afghanistan28.615.78.014.08.012.2
    Armenia7.914.010.514.013.49.0
    Djibouti1.63.23.03.24.55.1
    Georgia3.611.15.99.69.09.4
    Kyrgyz Republic3.37.07.0-0.22.76.5
    Mauritania3.15.65.25.411.71.9
    Sudan5.57.15.18.612.211.1
    Tajikistan7.310.210.66.77.07.5
    Uzbekistan4.14.27.77.07.27.7
    Yemen4.33.12.63.73.82.6
    Emerging markets4.04.45.75.56.46.0
    Egypt5.13.24.14.56.86.7
    Jordan4.34.28.47.26.06.0
    Lebanon2.34.17.01.00.01.0
    Morocco3.65.54.21.77.33.5
    Pakistan3.14.97.48.06.26.5
    Tunisia4.45.66.04.05.36.0
    Memorandum
    CCA6.08.69.111.113.112.6
    MENA Of which3.86.55.55.35.75.5
    GCC3.08.77.27.26.05.6
    Maghreb3.56.25.14.34.84.8
    Sources: Data provided by country authorities; and IMF staff estimates and projections.
    Table 2.Nominal Gross Domestic Product(In billions of U.S. dollars)
    Average 1998-20022003200420052006Proj. 2007
    Middle East and Central Asia841.41023.91230.81486.31761.31928.2
    Oil exporters551.2704.6874.61088.11296.01397.5
    Algeria52.868.085.0102.4114.3116.2
    Azerbaijan5.27.38.712.619.828.7
    Bahrain7.49.711.213.416.117.5
    Iran106.2134.0161.3188.5212.5225.9
    Iraq......25.833.650.463.5
    Kazakhstan20.730.943.257.177.291.6
    Kuwait33.447.859.380.896.195.4
    Libya30.124.030.541.750.360.8
    Oman18.021.824.730.836.038.3
    Qatar15.523.531.742.552.757.3
    Saudi Arabia173.6214.9250.7309.9348.6354.9
    Syria19.322.724.727.431.535.0
    Turkmenistan5.511.414.217.221.826.2
    United Arab Emirates63.688.6103.8130.3168.5186.2
    Low-income countries44.956.568.482.7104.0124.4
    Afghanistan4.14.66.07.38.49.9
    Armenia2.02.83.64.96.47.7
    Djibouti0.60.60.70.70.80.8
    Georgia3.24.05.16.47.89.3
    Kyrgyz Republic1.51.92.22.52.83.3
    Mauritania1.21.31.51.92.72.6
    Sudan12.617.821.727.937.647.2
    Tajikistan1.11.62.12.32.83.1
    Uzbekistan13.410.112.013.716.118.8
    Yemen8.611.913.615.218.721.7
    Emerging markets245.3262.8287.8315.5361.3406.2
    Egypt91.481.478.889.8107.4129.1
    Jordan8.610.211.412.714.316.0
    Lebanon17.319.821.421.422.623.6
    Morocco34.943.850.051.657.462.3
    Pakistan72.982.698.1111.0129.0141.4
    Tunisia20.225.028.129.030.633.7
    Memorandum
    CCA52.770.091.0116.6154.8188.8
    MENA Of which715.8871.41041.71258.71477.51598.0
    GCC311.4406.3481.4607.7718.0749.7
    Maghreb139.1162.1195.1226.5255.3275.6
    Sources: Data provided by country authorities; and IMF staff estimates and projections.
    Table 3.Oil and Non-Oil Real GDP Growth for Oil Exporters(Annual change; in percent)
    Average 1998-20022003200420052006Proj. 2007
    Non-oil GDP
    Oil exporters4.46.66.86.87.16.7
    Algeria3.65.96.25.14.75.4
    Azerbaijan4.215.213.58.412.79.0
    Bahrain4.48.38.810.28.77.6
    Iran4.77.05.45.05.85.3
    Iraq......14.912.07.57.5
    Kazakhstan7.68.88.411.311.49.9
    Kuwait7.513.912.58.97.27.6
    Libya3.02.64.25.66.08.0
    Oman4.56.58.66.97.27.2
    Qatar3.77.324.613.16.35.3
    Saudi Arabia3.23.74.66.87.36.9
    Syria4.03.95.05.55.55.5
    Turkmenistan17.617.816.111.011.011.0
    United Arab Emirates7.011.212.611.011.110.1
    Oil GDP
    Oil exporters2.010.24.54.12.73.5
    Algeria3.48.83.35.6-1.22.5
    Azerbaijan20.00.72.565.361.852.9
    Bahrain7.31.1-11.5-8.40.30.3
    Iran0.78.42.9-0.41.02.3
    Iraq......74.2-1.10.012.5
    Kazakhstan17.311.615.42.36.74.3
    Kuwait10.619.88.111.42.3-1.6
    Libya-0.517.77.48.34.47.4
    Oman2.1-6.8-1.82.92.62.7
    Qatar10.20.818.00.611.110.3
    Saudi Arabia-1.817.26.75.9-1.10.0
    Syria-1.3-7.3-6.0-6.9-7.5-7.3
    Turkmenistan22.211.3-1.73.03.06.8
    United Arab Emirates-1.313.62.92.16.02.5
    Sources: Data provided by country authorities; and IMF staff estimates and projections.
    Table 4:Crude Oil Production and Exports(Millions of barrels per day)
    Average 1998-20022003200420052006Proj. 2007
    Production
    Oil exporters21.223.426.627.828.529.4
    Algeria0.91.21.31.41.61.6
    Azerbaijan0.30.30.30.50.60.9
    Bahrain0.20.20.20.20.20.2
    Iran3.53.83.94.04.14.2
    Iraq......2.02.02.02.3
    Kazakhstan0.81.11.21.31.31.4
    Kuwait1.92.12.32.62.62.6
    Libya1.41.51.61.71.71.9
    Oman0.90.80.80.80.70.7
    Qatar0.70.70.80.80.80.9
    Saudi Arabia7.88.48.99.49.39.3
    Syria0.50.50.50.40.40.4
    Turkmenistan0.20.20.20.20.20.2
    United Arab Emirates2.42.62.72.72.82.9
    Exports
    Oil exporters14.117.219.720.520.721.1
    Algeria0.50.70.91.01.01.0
    Azerbaijan0.20.20.20.30.50.8
    Bahrain0.20.20.20.10.10.1
    Iran2.12.42.62.42.52.5
    Iraq......1.51.41.41.7
    Kazakhstan0.50.91.11.11.21.2
    Kuwait1.11.21.41.71.71.6
    Libya1.01.21.31.31.31.4
    Oman0.90.80.70.70.60.6
    Qatar0.50.50.60.60.60.7
    Saudi Arabia5.96.56.87.27.06.8
    Syria0.30.30.20.20.20.1
    Turkmenistan0.00.00.00.00.00.0
    United Arab Emirates2.12.22.32.32.52.5
    Sources: Data provided by country authorities; and IMF staff estimates and projections.
    Table 5.Consumer Price Index(Annual change; year average; in percent)
    Average 1998-20022003200420052006Proj. 2007
    Middle East and Central Asia5.85.76.96.77.38.9
    Oil exporters5.66.86.66.77.110.1
    Algeria2.72.63.61.62.55.5
    Azerbaijan-0.62.26.79.78.421.1
    Bahrain-0.81.72.32.63.03.0
    Iran15.116.514.813.411.917.6
    Iraq12.735.17.838.564.830.0
    Kazakhstan8.76.46.97.68.68.8
    Kuwait1.51.01.34.13.02.8
    Libya-3.1-2.1-2.22.03.416.2
    Oman-0.30.20.71.93.23.8
    Qatar1.62.36.88.811.810.0
    Saudi Arabia-0.70.60.40.72.32.8
    Syria-1.15.84.47.210.08.0
    Turkmenistan13.75.65.910.78.26.5
    United Arab Emirates2.23.15.07.810.18.0
    Low-income countries19.99.48.411.211.39.7
    Afghanistan35.712.612.77.25.7
    Armenia2.54.77.00.62.94.0
    Djibouti1.32.03.13.13.63.5
    Georgia7.44.85.78.39.26.3
    Kyrgyz Republic14.83.14.14.35.65.0
    Mauritania5.95.310.412.16.27.9
    Sudan10.97.78.48.57.29.2
    Tajikistan30.916.47.27.310.111.4
    Uzbekistan45.414.88.821.019.510.4
    Yemen10.910.812.511.821.621.1
    Emerging markets3.23.17.35.66.86.7
    Egypt3.14.511.34.97.610.4
    Jordan1.61.63.43.56.35.7
    Lebanon1.21.31.7-0.75.63.5
    Morocco1.81.21.51.03.32.0
    Pakistan4.22.97.49.17.96.3
    Tunisia2.62.73.62.04.53.0
    Memorandum
    CCA16.87.77.110.210.411.1
    MENA Of which4.96.06.95.86.99.1
    GCC0.11.21.72.84.54.3
    Maghreb1.71.72.41.73.25.6
    Sources: Data provided by country authorities; and IMF staff estimates and projections.
    Table 6.Broad Money(Annual change; in percent)
    Average 1998-20022003200420052006Proj. 2007
    Middle East and Central Asia14.514.220.120.424.717.8
    Oil exporters15.113.121.821.527.819.2
    Algeria22.515.611.510.714.017.4
    Azerbaijan14.729.847.522.186.479.0
    Bahrain10.16.34.222.016.715.2
    Iran27.124.631.033.734.328.2
    Iraq..................
    Kazakhstan38.627.069.825.279.940.0
    Kuwait4.97.812.112.321.716.2
    Libya7.98.19.229.220.228.4
    Oman6.32.64.320.924.512.3
    Qatar12.34.820.842.947.319.5
    Saudi Arabia7.66.918.811.619.311.4
    Syria17.07.711.111.57.29.7
    Turkmenistan43.540.912.727.955.940.4
    United Arab Emirates12.416.123.233.829.612.9
    Low-income countries28.525.530.534.331.824.3
    Afghanistan...40.934.616.219.814.1
    Armenia25.510.422.327.832.925.0
    Djibouti7.517.813.911.310.212.9
    Georgia19.022.842.626.439.327.0
    Kyrgyz Republic21.733.532.09.951.630.1
    Mauritania17.925.513.514.615.514.8
    Sudan28.330.332.144.727.427.0
    Tajikistan46.428.614.123.956.320.4
    Uzbekistan38.227.147.854.336.830.0
    Yemen17.220.013.913.727.714.7
    Emerging markets10.714.913.914.614.011.7
    Egypt11.216.913.213.613.515.2
    Jordan8.612.411.717.014.110.3
    Lebanon110.615.412.33.56.43.5
    Morocco9.08.67.714.017.29.3
    Pakistan10.918.019.619.315.212.5
    Tunisia10.96.310.311.011.28.4
    Memorandum
    CCA34.026.555.929.667.841.5
    MENA Of which13.513.117.819.922.316.2
    GCC8.48.618.019.123.913.1
    Maghreb13.811.19.914.515.516.3
    1

    Broad money is defined to include nonresident deposits.

    Sources: Data provided by country authorities; and IMF staff estimates and projections.
    Table 7.Central Government Fiscal Balance(In percent of GDP)
    Average 1998-20022003200420052006Proj. 2007
    Middle East and Central Asia-1.80.72.44.55.33.4
    Oil exporters-0.24.16.710.811.88.9
    Algeria1.57.86.911.911.99.1
    Azerbaijan-2.1-0.81.02.70.12.4
    Bahrain0.91.84.75.67.35.4
    Iran-0.91.31.71.11.62.1
    Iraq 1......-41.210.112.3-11.8
    Kazakhstan1-1.92.72.55.87.84.8
    Kuwait20.517.422.334.032.032.5
    Libya5.114.817.426.538.624.6
    Oman3.54.74.512.215.66.9
    Qatar0.93.916.49.22.00.7
    Saudi Arabia-4.31.29.618.420.313.0
    Syria1-1.1-2.6-4.3-4.7-3.3-6.7
    Turkmenistan1-0.4-1.30.40.85.10.4
    United Arab Emirates21.413.018.426.825.825.0
    Low-income countries-1.9-0.9-0.1-1.4-0.1-2.3
    Afghanistan-0.1-3.0-1.20.9-3.8-2.7
    Armenia-4.6-1.1-1.7-2.6-1.3-2.3
    Djibouti-1.8-2.3-1.90.20.6-3.4
    Georgia1-3.2-1.3-0.2-2.4-2.9-2.5
    Kyrgyz Republic1-9.2-4.7-4.4-3.7-2.3-3.1
    Mauritania3-5.2-11.8-4.8-7.136.4-2.2
    Sudan0.00.71.5-1.8-4.2-3.8
    Tajikistan1-4.0-1.8-2.4-2.91.7-14.1
    Uzbekistan1-2.50.10.61.33.62.9
    Yemen10.1-4.2-2.2-2.0-0.9-3.9
    Emerging markets-4.4-4.9-4.5-5.3-5.2-5.1
    Egypt1-3.2-9.0-8.3-8.4-8.9-8.5
    Jordan-4.5-1.0-1.7-5.0-4.3-1.6
    Lebanon-17.4-13.3-8.7-8.5-11.2-12.4
    Morocco-4.5-4.9-4.3-5.4-1.9-2.5
    Pakistan1-4.5-1.4-1.8-3.0-3.6-3.5
    Tunisia-3.4-3.2-2.6-3.0-3.0-2.8
    Memorandum
    CCA-2.60.81.12.94.12.4
    MENA Of which-1.21.13.36.06.94.7
    GCC-0.35.312.320.421.116.1
    Maghreb-0.43.43.76.89.76.1
    1

    General government.

    2

    Consolidated accounts of the federal government, and the emirates Abu Dhabi, Dubai, and Sharjah.

    3

    Includes oil revenue transferred to the oil fund. The large surplus in 2006 reflects debt relief under the MDRI.

    Sources: Data provided by country authorities; and IMF staff estimates and projections.
    Table 8.Central Government Total Revenue Excluding Grants(In percent of GDP)
    Average 1998-20022003200420052006Proj. 2007
    Middle East and Central Asia25.527.929.132.133.031.4
    Oil exporters28.832.634.539.440.038.3
    Algeria33.036.936.141.041.841.9
    Azerbaijan21.026.726.826.429.633.3
    Bahrain28.930.830.430.831.127.4
    Iran19.824.024.429.629.429.2
    Iraq1......70.574.266.953.1
    Kazakhstan120.925.424.628.129.027.7
    Kuwait64.054.756.962.267.469.9
    Libya40.953.958.568.671.266.5
    Oman42.745.245.148.149.645.2
    Qatar37.035.747.742.033.033.1
    Saudi Arabia30.034.541.848.650.244.7
    Syriay127.128.827.625.125.221.3
    Turkmenistan120.918.019.320.519.817.3
    United Arab Emirates237.241.142.948.446.745.8
    Low-income countries20.822.224.025.525.724.5
    Afghanistan3.24.54.55.76.47.2
    Armenia16.114.614.915.215.616.0
    Djibouti23.928.028.830.931.829.4
    Georgia115.115.720.822.524.722.8
    Kyrgyz Republic120.021.722.323.725.825.4
    Mauritania322.330.729.724.529.926.5
    Sudan9.516.019.721.718.918.1
    Tajikistan114.117.017.319.318.718.7
    Uzbekistan136.732.331.431.835.535.5
    Yemen131.630.532.038.139.633.4
    Emerging markets20.721.020.620.522.120.5
    Egypt127.425.424.524.227.923.9
    Jordan26.123.025.728.030.529.3
    Lebanon18.722.123.222.922.023.1
    Morocco25.824.625.327.228.627.3
    Pakistan113.414.914.113.714.014.2
    Tunisia24.123.623.923.823.922.9
    Memorandum
    CCA23.925.525.227.129.029.1
    MENA Of which27.730.332.035.836.734.6
    GCC35.338.343.549.049.746.3
    Maghreb31.434.635.139.040.039.0
    1

    General government.

    2

    Consolidated accounts of the federal government, and the emirates Abu Dhabi, Dubai, and Sharjah.

    3

    Includes oil revenue transferred to the oil fund.

    Sources: Data provided by country authorities; and IMF staff estimates and projections.
    Table 9.Central Government Non-Oil Fiscal Balance(In percent of non-oil GDP)
    Average 1998-20022003200420052006Proj.2007
    Oil exporters-26.6-30.9-31.1-36.4-35.6-34.1
    Algeria-29.6-27.8-30.3-35.3-39.1-41.0
    Azerbaijan-8.8-17.3-13.2-12.9-32.6-40.8
    Bahrain-25.4-33.0-28.7-29.0-28.2-24.0
    Iran-14.5-20.0-20.3-27.9-25.7-23.6
    Iraq1......-277.5-130.8-97.2-100.8
    Kazakhstan1-5.4-4.3-6.5-7.5-4.3-5.0
    Kuwait-39.8-44.5-42.6-38.4-52.1-46.2
    Libya-34.8-79.1-92.7-130.0-104.2-88.8
    Oman-54.3-57.8-62.9-63.6-60.0-61.5
    Qatar-51.0-46.2-33.0-47.1-51.2-50.5
    Saudi Arabia-41.9-46.7-46.5-52.3-52.0-50.4
    Syria1-17.7-22.0-20.2-17.9-15.1-13.9
    Turkmenistan1-11.2-13.7-10.0-13.1-7.9-14.3
    United Arab Emirates2-32.0-28.0-21.3-16.0-16.6-13.6
    1

    General government.

    2

    Consolidated accounts of the federal government, and the emirates Abu Dhabi, Dubai, and Sharjah.

    Sources: Data provided by country authorities; and IMF staff estimates and projections.
    Table 10.Central Government Non-Oil Revenue(In percent of non-oil GDP)
    Average 1998-20022003200420052006Proj.2007
    Oil exporters14.613.815.015.716.617.0
    Algeria16.517.517.017.717.419.0
    Azerbaijan22.222.124.327.631.931.9
    Bahrain12.310.510.310.29.78.5
    Iran10.29.510.011.611.911.9
    Iraq2......3.97.56.85.3
    Kazakhstan223.326.025.027.127.526.7
    Kuwait38.222.925.829.936.036.9
    Libya21.516.821.917.020.322.2
    Oman14.816.613.613.915.314.4
    Qatar24.031.235.634.230.129.2
    Saudi Arabia11.59.812.110.811.912.4
    Syria218.017.821.120.821.220.6
    Turkmenistan115.49.813.613.212.89.9
    United Arab Emirates317.111.814.316.817.918.2
    1

    Including tax credits granted to the State Oil Company for underpayments by domestic consumers for energy deliveries.

    2

    General government.

    3

    Consolidated accounts of the federal government, and the emirates Abu Dhabi, Dubai, and Sharjah.

    Sources: Data provided by country authorities; and IMF staff estimates and projections.
    Table 11.Central Government Total Expenditure and Net Lending(In percent of GDP)
    Average 1998-20022003200420052006Proj. 2007
    Middle East and Central Asia27.527.927.027.628.028.2
    Oil exporters28.928.728.028.428.129.4
    Algeria131.629.229.329.129.932.8
    Azerbaijan223.128.525.923.929.031.0
    Bahrain29.229.526.325.624.122.4
    Iran20.822.722.728.527.827.2
    Iraq3......120.890.172.273.2
    Kazakhstan323.022.622.122.321.222.9
    Kuwait43.537.334.628.335.437.4
    Libya35.343.443.334.932.341.9
    Oman38.539.539.835.233.838.4
    Qatar36.231.731.332.931.032.4
    Saudi Arabia34.433.332.130.229.831.7
    Syria328.131.431.929.728.528.0
    Turkmenistan321.319.418.919.714.616.9
    United Arab Emirates435.828.124.521.620.820.8
    Low-income countries23.324.024.427.227.627.5
    Afghanistan8.514.013.914.718.919.0
    Armenia22.418.917.118.317.618.7
    Djibouti32.336.337.536.836.138.4
    Georgia319.818.718.924.929.126.8
    Kyrgyz Republic330.327.227.728.428.830.7
    Mauritania330.547.237.733.728.930.4
    Sudan9.515.318.223.523.622.5
    Tajikistan318.219.120.323.021.734.8
    Uzbekistan339.733.431.630.932.232.9
    Yemen332.035.034.940.640.837.7
    Emerging markets25.827.426.026.327.926.2
    Egypt331.235.233.833.137.132.8
    Jordan34.835.838.438.038.035.9
    Lebanon36.335.431.931.436.039.1
    Morocco530.429.629.933.131.030.3
    Pakistan318.718.716.417.018.218.1
    Tunisia27.827.026.826.927.126.0
    Memorandum
    CCA27.025.424.324.525.227.0
    MENA Of which29.129.729.129.830.030.1
    GCC35.632.931.228.628.630.1
    Maghreb31.931.931.831.530.933.1
    1

    Including special accounts.

    2

    Expenditures do not include statistical discrepancy.

    3

    General government.

    4

    Consolidated accounts of the federal government, and the emirates Abu Dhabi, Dubai, and Sharjah.

    5

    Net lending includes balance on special treasury accounts.

    Sources: Data provided by country authorities; and IMF staff estimates and projections.
    Table 12.Total Government Debt(In percent of GDP)
    Average 1998-20022003200420052006Proj. 2007
    Middle East and Central Asia65.860.654.047.240.035.5
    Oil exporters50.839.933.324.819.416.5
    Algeria71.943.836.628.121.217.2
    Azerbaijan22.021.820.214.110.811.1
    Bahrain29.036.934.630.626.825.0
    Iran26.426.426.322.419.617.7
    Iraq1......387.3211.8113.093.5
    Kazakhstan121.114.911.48.16.85.6
    Kuwait40.023.017.411.87.67.0
    Libya48.626.71.61.10.90.0
    Oman27.616.315.39.57.46.4
    Qatar60.241.829.120.616.515.0
    Saudi Arabia96.782.065.039.628.021.1
    Syria162.961.957.060.049.550.0
    Turkmenistan142.113.69.25.43.32.0
    United Arab Emirates5.56.68.49.58.17.7
    Low-income countries111.797.981.969.854.549.1
    Afghanistan..................
    Armenia42.540.932.424.220.815.9
    Djibouti61.969.369.364.659.057.2
    Georgia165.759.745.735.728.822.8
    Kyrgyz Republic1117.4106.992.785.174.766.4
    Mauritania213.1259.1232.7208.6106.1105.9
    Sudan180.6149.9124.9105.582.973.1
    Tajikistan1102.864.843.141.933.641.9
    Uzbekistan142.941.635.129.522.618.6
    Yemen160.952.650.546.438.637.4
    Emerging markets81.588.984.482.373.766.5
    Egypt182.5114.3112.5111.997.881.1
    Jordan1106.799.691.983.574.065.0
    Lebanon143.8168.6167.8179.5178.9176.0
    Morocco77.868.965.870.564.364.1
    Pakistan181.575.367.861.856.153.0
    Tunisia160.260.459.758.455.654.5
    Memorandum
    CCA37.131.025.119.715.813.8
    MENA Of which65.761.455.048.040.335.3
    GCC67.554.943.928.020.115.9
    Maghreb70.553.345.742.336.334.1
    1

    General government.

    Sources: Data provided by country authorities; and IMF staff estimates and projections.
    Table 13.Exports of Goods and Services(In billions of U.S. dollars)
    Average 1998-20022003200420052006Proj. 2007
    Middle East and Central Asia294.2426.1572.6770.3927.2956.7
    Oil exporters227.7338.6467.1647.9785.6802.2
    Algeria17.326.034.148.857.056.2
    Azerbaijan1.93.14.28.314.018.4
    Bahrain5.97.99.111.815.514.8
    Iran25.439.550.466.677.383.0
    Iraq......17.822.229.430.4
    Kazakhstan9.314.922.630.541.543.4
    Kuwait16.324.933.851.760.856.9
    Libya11.015.120.831.439.440.5
    Oman9.812.314.119.522.922.1
    Qatar9.614.520.429.030.630.9
    Saudi Arabia66.699.1132.0188.1220.2212.7
    Syria6.47.710.412.212.612.6
    Turkmenistan2.23.74.25.37.59.0
    United Arab Emirates46.170.093.2122.5157.1171.3
    Low-income countries11.417.221.225.630.432.5
    Afghanistan1.32.01.71.92.02.2
    Armenia0.50.91.01.31.41.5
    Djibouti0.20.30.30.30.30.5
    Georgia0.91.32.02.63.33.6
    Kyrgyz Republic0.60.70.90.91.21.4
    Mauritania0.40.40.50.71.51.5
    Sudan1.42.63.85.06.17.1
    Tajikistan0.71.01.20.60.70.7
    Uzbekistan3.23.84.85.46.67.6
    Yemen3.14.25.06.87.46.4
    Emerging markets55.170.384.296.8111.1121.9
    Egypt15.118.022.928.033.035.8
    Jordan3.84.86.06.67.58.4
    Lebanon6.48.710.511.313.013.8
    Morocco10.914.216.618.821.924.1
    Pakistan10.013.715.117.820.322.7
    Tunisia8.910.813.214.315.417.2
    Memorandum
    CCA19.329.541.055.176.185.7
    MENA Of which265.0383.0516.4697.4830.8848.3
    GCC154.3228.7302.6422.5507.1508.6
    Maghreb48.566.685.2114.1135.1139.5
    Sources: Data provided by country authorities; and IMF staff estimates and projections.
    Table 14.Imports of Goods and Services(In billions of U.S. dollars)
    Average 1998-20022003200420052006Proj. 2007
    Middle East and Central Asia265.3349.5465.0564.6693.2814.5
    Oil exporters179.2247.0339.4411.8511.6612.3
    Algeria12.116.321.824.626.336.8
    Azerbaijan2.34.86.37.08.18.6
    Bahrain4.76.27.08.610.610.4
    Iran20.539.349.053.264.871.6
    Iraq......24.325.729.538.9
    Kazakhstan9.113.318.925.532.635.7
    Kuwait12.616.519.224.527.432.4
    Libya6.28.810.713.215.624.9
    Oman6.88.310.613.116.418.5
    Qatar5.26.78.313.219.722.9
    Saudi Arabia51.459.170.688.2120.2142.9
    Syria5.66.810.012.113.214.2
    Turkmenistan2.33.44.13.93.65.4
    United Arab Emirates40.457.778.599.0123.6149.1
    Low-income countries14.121.726.233.039.944.8
    Afghanistan2.74.34.45.05.65.9
    Armenia1.01.41.52.02.42.7
    Djibouti0.30.30.30.40.40.7
    Georgia1.41.82.73.44.75.6
    Kyrgyz Republic0.70.91.11.42.22.5
    Mauritania0.60.71.21.81.61.8
    Sudan2.33.44.77.710.010.8
    Tajikistan0.81.11.51.21.62.3
    Uzbekistan3.13.13.94.14.65.3
    Yemen3.44.65.06.06.87.3
    Emerging markets72.080.899.3119.8141.7157.4
    Egypt21.419.623.330.238.241.8
    Jordan5.77.09.411.913.114.5
    Lebanon11.012.615.214.915.817.8
    Morocco12.316.019.822.825.429.1
    Pakistan12.114.017.725.633.136.5
    Tunisia9.611.713.914.416.017.7
    Memorandum
    CCA20.729.840.048.559.968.2
    MENA Of which232.4305.7407.3490.4600.2709.8
    GCC121.0154.4194.4246.6317.9376.1
    Maghreb40.853.567.476.884.9110.3
    Sources: Data provided by country authorities; and IMF staff estimates and projections.
    Table 15.Current Account Balance(In billions of U.S. dollars)
    Average 1998-20022003200420052006Proj. 2007
    Middle East and Central Asia25.570.199.4208.4244.4165.7
    Oil exporters32.265.898.2213.4254.5180.2
    Algeria3.98.811.121.227.917.7
    Azerbaijan-0.6-2.0-2.60.23.17.9
    Bahrain0.00.20.41.62.92.1
    Iran5.30.82.014.014.313.7
    Iraq......-9.71.36.6-5.1
    Kazakhstan-0.6-0.30.3-0.7-1.1-0.8
    Kuwait6.99.418.232.741.432.8
    Libya4.25.27.417.324.415.6
    Oman0.60.90.32.73.0-0.3
    Qatar2.25.87.610.76.12.8
    Saudi Arabia4.628.152.090.895.569.9
    Syria0.81.10.70.2-0.4-1.2
    Turkmenistan-0.10.30.10.93.43.1
    United Arab Emirates4.87.610.320.527.422.0
    Low-income countries-2.2-1.1-1.0-2.2-3.5-5.4
    Afghanistan-0.10.10.10.0-0.1-0.4
    Armenia-0.3-0.2-0.2-0.2-0.3-0.4
    Djibouti0.00.00.00.0-0.1-0.1
    Georgia-0.3-0.3-0.4-0.3-0.7-1.4
    Kyrgyz Republic-0.1-0.1-0.1-0.1-0.5-0.4
    Mauritania0.0-0.2-0.5-0.90.00.0
    Sudan-1.8-1.4-1.4-2.9-5.4-5.4
    Tajikistan0.00.0-0.1-0.1-0.1-0.5
    Uzbekistan0.00.91.21.93.13.7
    Yemen0.50.00.30.20.7-0.4
    Emerging markets-4.65.42.3-2.8-6.6-9.1
    Egypt-1.01.93.42.90.90.9
    Jordan0.21.20.0-2.3-2.3-2.3
    Lebanon-3.4-2.6-3.4-2.5-1.5-2.6
    Morocco0.51.61.00.92.21.3
    Pakistan-0.14.11.8-1.5-5.0-5.6
    Tunisia-0.7-0.7-0.6-0.3-0.9-0.7
    Memorandum
    CCA-2.0-1.7-1.71.66.911.1
    MENA Of which27.667.799.3208.3242.5160.2
    GCC19.251.988.8159.0176.3129.3
    Maghreb7.814.718.438.253.633.8
    Sources: Data provided by country authorities; and IMF staff estimates and projections.
    Table 16.Current Account Balance(In percent of GDP)
    Average 1998-20022003200420052006Proj. 2007
    Middle East and Central Asia2.86.98.314.514.59.0
    Oil exporters5.49.311.219.619.612.9
    Algeria7.113.013.120.724.415.3
    Azerbaijan-12.3-27.8-29.81.315.727.4
    Bahrain0.12.34.012.018.112.2
    Iran5.10.61.27.46.76.0
    Iraq......-37.63.913.1-8.0
    Kazakhstan-2.5-0.90.8-1.3-1.4-0.9
    Kuwait19.919.730.640.543.134.4
    Libya12.321.524.341.648.525.6
    Oman1.43.91.28.78.4-0.8
    Qatar10.924.423.825.211.65.0
    Saudi Arabia2.113.120.729.327.419.7
    Syria4.04.73.00.8-1.2-3.4
    Turkmenistan-6.22.70.65.115.311.7
    United Arab Emirates7.18.610.015.816.211.8
    Low-income countries-4.9-1.9-1.5-2.7-3.4-4.3
    Afghanistan-3.73.01.80.6-1.7-3.8
    Armenia-13.8-6.8-4.5-3.9-5.0-5.4
    Djibouti-5.33.4-1.31.2-8.9-13.9
    Georgia-8.6-7.3-8.4-5.4-9.5-15.2
    Kyrgyz Republic-9.5-4.4-3.5-2.3-16.8-12.6
    Mauritania-4.3-13.6-34.6-47.2-1.3-1.5
    Sudan-14.4-7.7-6.2-10.5-14.5-11.5
    Tajikistan-3.7-1.3-3.9-2.5-2.5-15.2
    Uzbekistan0.18.710.114.319.419.7
    Yemen4.7-0.11.91.63.6-1.9
    Emerging markets-1.92.10.8-0.9-1.8-2.2
    Egypt-1.12.44.33.20.80.7
    Jordan2.311.60.0-17.8-16.0-14.7
    Lebanon-19.9-13.3-15.8-11.7-6.8-11.0
    Morocco1.33.61.91.73.92.1
    Pakistan-0.14.91.8-1.4-3.9-4.0
    Tunisia-3.5-2.9-2.0-1.0-2.8-2.2
    Memorandum
    CCA-4.1-2.9-2.21.65.26.8
    MENA Of which3.57.89.817.117.110.5
    GCC5.412.818.426.224.617.3
    Maghreb5.59.09.416.921.012.3
    Sources: Data provided by country authorities; and IMF staff estimates and projections.
    Table 17.Real Effective Exchange Rates(CPI based; annual average percent change; increase indicates appreciation)
    Average 1998-20022003200420052006Proj. 2007
    Middle East and Central Asia-0.5-8.7-3.11.33.1
    Oil exporters0.0-7.2-3.40.82.3
    Algeria-2.4-9.50.6-3.90.1
    Azerbaijan-3.9-10.7-3.56.68.9
    Bahrain0.4-7.7-6.7-2.8-2.8
    Iran4.6-2.11.16.24.1
    Iraq...............
    Kazakhstan-3.3-3.65.83.17.8
    Kuwait1.7-7.2-5.12.11.0
    Libya-15.4-17.3-13.1-1.8-1.6
    Oman-0.3-8.3-6.0-0.50.8
    Qatar2.3-5.7-0.17.18.3
    Saudi Arabia0.1-8.5-6.7-2.6-0.5
    Syria-0.2-6.6-5.6-1.78.0
    Turkmenistan16.8-6.1-3.62.44.2
    United Arab Emirates3.1-6.8-3.52.85.2
    Low-income countries-2.8-7.50.56.411.0
    Afghanistan-5.26.08.31.9-0.3
    Armenia0.8-9.04.19.76.6
    Djibouti3.1-9.3-3.6-1.1-1.1
    Georgia-1.7-6.55.63.33.2
    Kyrgyz Republic-3.9-0.6-3.21.21.5
    Mauritania-1.2-8.6-1.18.51.1
    Sudan0.7-1.21.710.315.9
    Tajikistan-2.1-5.70.2-5.8-2.9
    Uzbekistan-11.7-19.8-6.45.99.6
    Yemen6.0-3.44.34.013.4
    Emerging markets-1.2-12.6-3.11.73.6
    Egypt-1.4-29.1-4.18.45.0
    Jordan2.6-7.2-3.9-0.32.6
    Lebanon3.0-10.7-6.8-4.12.2
    Morocco0.1-1.0-1.2-1.81.2
    Pakistan-2.6-0.1-1.80.35.4
    Tunisia-0.6-5.0-3.4-4.5-0.8
    Memorandum
    CCA-5.8-8.71.74.07.4
    MENA Of which0.1-9.6-3.51.22.6
    GCC0.9-7.8-5.4-0.21.5
    Maghreb-4.6-8.2-2.7-3.00.0
    Sources: Data provided by country authorities; and IMF staff estimates.
    Table 18.Gross Official Reserves(In billions of U.S. dollars)
    Average 1998-20022003200420052006Proj. 2007
    Middle East and Central Asia161.6256.7334.1452.5625.2737.4
    Oil exporters121.4191.8262.3374.3529.2628.0
    Algeria12.932.943.156.274.493.1
    Azerbaijan0.60.81.11.22.54.7
    Bahrain1.21.41.61.91.92.0
    Iran12.524.733.346.362.076.8
    Iraq......7.912.018.721.1
    Kazakhstan2.35.09.37.119.124.3
    Kuwait7.17.78.39.012.716.9
    Libya10.519.525.639.359.275.6
    Oman2.63.63.64.53.44.4
    Qatar1.32.93.44.65.46.5
    Saudi Arabia145.259.887.9153.2225.2255.2
    Syria12.518.518.617.916.515.1
    Turkmenistan..................
    United Arab Emirates12.715.118.721.328.132.5
    Low-income countries4.98.811.714.218.322.2
    Afghanistan0.40.81.31.71.82.1
    Armenia0.40.50.60.81.11.3
    Djibouti0.10.10.10.10.10.1
    Georgia0.10.20.40.50.91.1
    Kyrgyz Republic0.30.40.50.60.80.9
    Mauritania0.10.00.00.10.20.2
    Sudan0.10.51.32.11.71.9
    Tajikistan0.10.10.20.20.30.3
    Uzbekistan1.21.72.12.94.76.1
    Yemen2.54.45.15.46.88.2
    Emerging markets35.356.160.064.077.787.1
    Egypt16.414.814.819.323.028.5
    Jordan2.44.74.84.76.26.1
    Lebanon5.910.39.69.611.410.4
    Morocco6.613.716.316.119.722.5
    Pakistan1.99.510.69.810.812.1
    Tunisia2.13.04.04.46.77.5
    Memorandum
    CCA5.18.614.213.229.338.6
    MENA Of which154.6238.6309.3429.5585.1686.7
    GCC70.190.5123.4194.3276.8317.5
    Maghreb32.169.289.1116.1160.3199.0
    1

    Saudi Arabia Monetary Agency net foreign assets.

    Sources: Data provided by country authorities; and IMF staff estimates and projections.
    Table 19.Total Gross External Debt

    (In percent of GDP)1

    Average 1998-20022003200420052006Proj. 2007
    Middle East and Central Asia36.433.031.528.427.527.6
    Oil exporters26.321.621.821.021.623.3
    Algeria49.634.325.716.84.33.9
    Azerbaijan18.619.718.513.110.010.3
    Bahrain54.051.262.153.851.249.3
    Iran10.012.714.312.911.711.0
    Iraq......376.1202.8108.388.8
    Kazakhstan65.874.376.476.283.182.6
    Kuwait31.525.620.520.417.518.1
    Libya19.523.218.313.411.19.2
    Oman35.818.717.812.212.712.0
    Qatar101.358.349.340.740.839.0
    Saudi Arabia16.111.111.010.510.912.1
    Syria20.618.219.925.020.918.5
    Turkmenistan41.313.39.05.43.32.0
    United Arab Emirates229.618.724.031.540.247.9
    Low-income countries88.580.367.956.946.841.5
    Afghanistan13.214.012.311.619.719.0
    Armenia43.839.133.122.418.817.5
    Djibouti53.066.868.461.858.360.3
    Georgia52.346.239.431.028.927.8
    Kyrgyz Republic117.5103.595.382.173.064.7
    Mauritania237.4223.2210.8132.990.791.1
    Sudan176.3144.6119.999.375.163.3
    Tajikistan110.983.555.350.440.949.4
    Uzbekistan32.241.936.030.224.520.5
    Yemen61.944.739.334.028.525.2
    Emerging markets49.753.151.145.541.937.0
    Egypt30.636.137.932.228.823.1
    Jordan387.274.566.256.149.744.2
    Lebanon134.3174.8188.2190.8199.7182.6
    Morocco51.638.433.227.825.123.4
    Pakistan44.940.434.030.727.726.0
    Tunisia61.570.568.962.659.455.5
    Memorandum
    CCA51.459.559.055.957.755.4
    MENA Of which34.730.729.326.124.724.8
    GCC26.518.519.019.521.924.7
    Maghreb46.640.934.125.517.816.6
    1

    Nominal GDP is converted to U.S. dollars using period average exchange rate.

    2

    Mostly foreign liabilities of U.A.E. commercial banks and private institutions that are more than offset by their foreign assets. As of2003, deposits of nonresidents in U.A.E. banks constitute about17 percent offoreign liabilities.

    3

    In line with the authorities’ reporting, excludes deposits of nonresidents held in the banking system, equivalent to about7 percent of GDP as of end-2005.

    Sources: Data provided by country authorities; and IMF staff estimates and projections.
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