Chapter

Statistical Appendix

Author(s):
International Monetary Fund. Middle East and Central Asia Dept.
Published Date:
November 2013
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This publication features an abbreviated version of the Statistical Appendix. The full Statistical Appendix is available online at www.imf.org/external/pubs/ft/reo/2013/mcd/eng/mreo1013.htm.

The IMF’s Middle East and Central Asia Department (MCD) countries and territories 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, Uzbekistan, the West Bank and Gaza, and Yemen.

The following statistical appendix tables contain data for 31 MCD countries. Data revisions reflect changes in methodology and/or revisions provided by country authorities.

All data for Syria are excluded for 2011 onward due to the uncertain political situation.

2011 data for Sudan exclude South Sudan after July 9; data for 2012 onward pertain to the current Sudan.

All data refer to the calendar years, except for the following countries, which refer to the fiscal years: Afghanistan (March 21/March 20 until 2011, and December 21/December 20 thereafter), Iran (March 21/March 20), Qatar (April/March), and Egypt and Pakistan (July/June) except inflation.

Data on consumer price inflation in Table 1 relate to the calendar year for all aggregates and countries, except for Iran, for which the Iranian calendar year (beginning on March 21) is used.

Tables 1, 3, 4, 6, 7, and 8 include data for West Bank and Gaza.

In Table 1, “oil GDP” includes “gas GDP.” In Table 5, “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:

  • Composites for data relating to the domestic economy (Table 1, Table 2: Oil and Non-Oil Real GDP Growth, Tables 35) and monetary sector (Table 8: Credit to Private Sector) whether growth rates or ratios, are weighted by GDP valued at purchasing power parities (PPPs) as a share of total MCD or group GDP. Country group composites for the growth rates of broad money (Table 8: Broad Money Growth) 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 relating to the external economy (Table 6) 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.

  • Composites in Table 2 (Crude Oil Production) are sums of the individual country data.

Table 1.Real GDP Growth and Consumer Price Inflation
Real GDP Growth

(Annual change; percent)
Consumer Price Inflation1

(Year average; percent)
Average

2006–10
20112012ProjectionsAverage

2006–10
20112012Projections
2013201420132014
MENAP5.13.94.62.33.69.39.911.212.810.4
Oil exporters5.14.65.41.94.09.39.812.115.111.3
Algeria2.52.63.33.13.74.14.58.95.04.5
Bahrain5.92.14.84.43.32.7−0.42.82.72.3
Iran, I.R. of24.63.0−1.9−1.51.315.821.530.542.329.0
Iraq6.08.68.43.76.317.45.66.12.35.0
Kuwait1.36.36.20.82.64.84.93.23.03.5
Libya4.0−62.1104.5−5.125.54.615.96.13.69.4
Oman6.94.55.05.13.45.74.02.92.83.2
Qatar18.113.06.25.15.06.71.91.93.74.0
Saudi Arabia5.98.65.13.64.44.23.72.93.83.6
United Arab Emirates2.63.94.44.03.97.00.90.71.52.5
Yemen4.3−12.72.46.03.410.519.59.912.012.0
Oil importers5.22.43.03.12.99.29.99.48.38.7
Afghanistan, Rep. of10.56.112.53.13.57.511.86.45.55.5
Djibouti4.84.54.85.06.05.25.13.72.72.5
Egypt6.21.82.21.82.811.79.97.88.610.5
Jordan6.32.62.83.33.55.84.44.85.93.2
Lebanon6.91.51.51.51.55.25.06.66.33.1
Mauritania3.93.66.96.46.45.95.74.94.25.2
Morocco4.95.02.75.13.82.20.91.32.32.5
Pakistan3.93.74.43.62.510.913.711.07.47.9
Sudan5.6−1.8−3.33.92.510.718.135.532.127.4
Syrian Arab Republic4.97.5
Tunisia4.5−1.93.63.03.74.13.55.66.04.7
CCA8.66.85.85.86.110.19.15.36.97.0
Oil and gas exporters9.26.85.85.96.210.48.95.87.27.3
Azerbaijan16.90.12.23.55.610.67.91.03.76.3
Kazakhstan6.27.55.15.05.210.28.35.16.36.3
Turkmenistan10.414.711.112.210.46.15.35.37.67.0
Uzbekistan8.58.38.27.06.512.512.812.112.110.4
Oil and gas importers5.36.45.54.95.48.310.72.15.05.2
Armenia4.44.77.24.64.85.57.72.57.03.5
Georgia5.37.26.12.55.07.48.5−0.9−0.34.0
Kyrgyz Republic4.36.0−0.97.46.511.016.62.88.67.2
Tajikistan6.67.47.56.75.811.312.45.87.57.2
Memorandum
MENA5.33.94.62.13.89.19.411.213.610.8
MENA oil importers5.71.62.02.83.18.57.98.69.09.2
Arab Countries in Transition (excl. Libya)5.61.12.52.93.28.87.96.37.28.1
GCC6.07.75.23.74.15.03.12.43.23.4
Non–GCC oil exporters4.41.65.60.23.913.116.321.527.019.4
West Bank and Gaza34.812.25.94.53.94.82.92.82.52.7
Sources: National authorities; and IMF staff estimates and projections.

Data on a calendar year basis for all countries, except Iran.

Iran’s real GDP growth for 2012 and beyond has not been significantly updated from previous REO in light of pending publication of national accounts by the central bank and new authorities’ plans.

West Bank and Gaza is not a member of the IMF and is not included in any of the aggregates.

Sources: National authorities; and IMF staff estimates and projections.

Data on a calendar year basis for all countries, except Iran.

Iran’s real GDP growth for 2012 and beyond has not been significantly updated from previous REO in light of pending publication of national accounts by the central bank and new authorities’ plans.

West Bank and Gaza is not a member of the IMF and is not included in any of the aggregates.

Table 2.Oil Exporters: Oil and Non-Oil Real GDP Growth; and Crude Oil and Natural Gas Production
Average

2006–10
20112012ProjectionsAverage

2006–10
20112012Projections
2013201420132014
Oil GDP

(Annual percent change)
Non–Oil GDP

(Annual percent change)
MENAP oil exporters0.54.84.3−1.11.87.14.34.43.54.5
Algeria−3.5−3.3−3.4−1.01.87.15.77.15.14.6
Bahrain0.33.4−8.513.52.16.81.96.63.43.4
Iran, I.R. of10.50.7−11.9−4.6−2.05.13.3−0.9−1.21.5
Iraq5.812.611.23.28.06.35.76.34.05.0
Kuwait−1.714.211.7−2.00.03.71.32.23.04.4
Libya−0.7−72.0211.4−28.133.910.3−52.543.723.319.5
Oman2.92.13.44.2−0.79.55.85.85.55.4
Qatar14.415.71.70.4−1.122.210.810.08.89.4
Saudi Arabia−1.611.05.5−0.92.08.67.95.04.85.0
United Arab Emirates−0.86.66.33.63.34.52.63.54.34.2
Yemen3.8−14.5−11.526.2−1.84.7−12.54.04.04.0
CCA Oil Exporters10.61.6−2.02.82.17.99.17.77.07.1
Azerbaijan25.2−9.8−5.3−3.41.39.99.49.68.68.4
Kazakhstan6.81.0−2.23.10.56.18.35.95.25.7
Turkmenistan−0.428.85.313.09.712.913.011.912.010.5
Uzbekistan
Memorandum
GCC0.410.55.40.41.58.56.55.25.05.3
Non-GCC oil exporters0.6−0.63.3−2.72.25.92.13.71.93.7
Crude Oil Production

(Millions of barrels per day)
Natural Gas Production

(Millions of barrels per day equivalent)
MENAP Oil Exporters25.024.625.825.326.09.211.712.312.412.6
Algeria1.51.31.21.21.31.51.41.41.41.4
Bahrain0.20.20.20.20.20.30.30.30.30.3
Iran, I.R. of23.93.62.82.52.42.43.13.23.23.2
Iraq2.22.73.03.03.30.00.00.00.0
Kuwait2.52.73.02.92.90.20.20.30.30.3
Libya1.70.51.51.01.40.10.00.10.10.1
Oman0.80.90.90.90.90.50.60.60.70.7
Qatar0.80.70.70.70.71.53.03.23.23.2
Saudi Arabia8.79.39.89.79.91.51.71.81.92.0
United Arab Emirates2.52.62.62.82.81.11.21.31.31.3
Yemen0.30.20.20.20.20.00.20.20.20.2
CCA Oil Exporters2.52.82.72.82.81.82.12.32.52.7
Azerbaijan0.90.90.90.80.80.20.30.30.30.3
Kazakhstan1.51.71.61.71.70.60.70.80.90.9
Turkmenistan0.20.20.20.20.31.01.11.21.41.5
Uzbekistan
Memorandum
GCC15.416.317.217.217.55.17.07.47.67.7
Non-GCC oil exporters9.68.28.68.18.64.14.74.94.84.9
Sources: National authorities; and IMF staff estimates and projections.

Iran’s real GDP growth for 2012 and beyond has not been significantly updated from previous REO in light of pending publication of national accounts by the central bank and new authorities’ plans.

Including condensates.

Sources: National authorities; and IMF staff estimates and projections.

Iran’s real GDP growth for 2012 and beyond has not been significantly updated from previous REO in light of pending publication of national accounts by the central bank and new authorities’ plans.

Including condensates.

Table 3.General Government Fiscal Balance and Total Government Gross Debt
General Government Fiscal Balance, Including Grants

(Percent of GDP)
Total Government Gross Debt

(Percent of GDP)
Average

2006–10
20112012ProjectionsAverage

2006–10
20112012Projections
2013201420132014
MENAP3.42.31.5−0.4−0.634.431.431.732.032.5
Oil exporters8.06.96.34.23.018.013.511.89.810.2
Algeria3.4−1.2−5.1−2.1−2.714.211.110.510.810.4
Bahrain1−0.8−1.7−2.6−4.2−5.023.736.533.635.439.5
Iran, I.R. of1,22.84.1−2.5−2.5−4.48.79.88.26.08.8
Iraq30.14.94.1−0.7−0.395.440.234.117.514.9
Kuwait129.133.233.428.925.66.64.53.42.42.4
Libya21.0−9.019.3−7.4−5.90.10.00.00.00.0
Oman18.17.32.55.22.66.55.56.06.97.8
Qatar9.13.78.210.88.521.738.236.233.230.2
Saudi Arabia13.812.015.09.68.615.55.43.73.32.8
United Arab Emirates47.44.18.68.38.214.617.416.516.716.8
Yemen−5.0−4.4−6.3−5.8−5.841.945.247.848.150.1
Oil importers−5.3−7.0−8.4−9.7−8.065.468.173.277.879.0
Afghanistan, Rep. of−1.9−0.80.2−0.60.0
Djibouti−1.8−0.7−2.7−3.1−4.856.345.042.938.634.5
Egypt−8.0−9.8−10.7−14.7−13.277.476.680.689.591.8
Jordan5−5.9−5.7−8.8−9.1−8.068.470.779.683.887.0
Lebanon1−9.4−6.1−9.0−10.4−11.0159.6137.5139.5143.1147.9
Mauritania1,64.1−1.52.8−4.4−8.295.390.398.598.583.1
Morocco1−1.5−6.7−7.6−5.5−4.852.354.460.561.863.1
Pakistan−5.3−6.9−8.4−8.5−5.556.359.563.866.266.0
Sudan−1.80.2−3.8−2.0−0.971.970.995.7100.099.2
Syrian Arab Republic−3.537.2
Tunisia−1.8−3.0−4.4−7.2−6.344.244.044.045.549.7
CCA3.66.34.41.20.512.913.815.416.516.3
Oil and gas exporters4.97.95.51.91.09.210.012.013.212.8
Azerbaijan18.913.34.1−4.5−6.79.810.111.614.113.7
Kazakhstan2.65.94.54.84.18.110.412.413.213.6
Turkmenistan75.63.66.41.82.03.010.018.120.615.9
Uzbekistan5.78.88.51.20.614.29.18.68.78.9
Oil and gas importers−4.2−3.3−2.2−3.1−2.534.337.636.837.538.6
Armenia1−3.8−2.9−1.6−2.2−2.322.635.538.941.744.1
Georgia−6.0−3.6−3.0−3.3−2.730.533.832.332.933.6
Kyrgyz Republic−2.4−4.6−5.4−5.3−4.259.250.148.949.349.8
Tajikistan−3.4−2.10.5−2.3−1.334.535.432.330.731.4
Memorandum
MENA4.53.52.80.60.031.627.727.627.628.2
MENA oil importers−5.3−7.2−8.7−10.7−9.669.972.778.484.186.0
Arab Countries in Transition (excl. Libya)−5.7−7.9−9.1−11.2−10.165.866.570.576.278.4
GCC13.311.213.910.89.414.711.710.29.79.3
Non–GCC oil exporters3.42.7−1.1−2.5−3.620.915.213.39.911.1
West Bank and Gaza3,8−29.8−16.9−16.5−14.9−13.324.922.424.121.720.0
Sources: National authorities; and IMF staff estimates and projections.

Central government.

Includes National Development Fund but excludes Targeted Subsidy Organization.

Excluding grants.

Consolidated accounts of the federal government and the emirates Abu Dhabi, Dubai, and Sharjah. Total government gross debt includes banking system claims only. Excludes debt raised by federal and Emirati governments in the international markets.

Central government. Includes transfers to electric company (4.3 and 2.7 percent of GDP in 2013 and 2014).

Includes oil revenue transferred to the oil fund. Total government gross debt also includes oil revenues transferred to public enterprises and central bank debts.

State government.

West Bank and Gaza is not a member of the IMF and is not included in any of the aggregates. Government gross debt excludes arrears.

Sources: National authorities; and IMF staff estimates and projections.

Central government.

Includes National Development Fund but excludes Targeted Subsidy Organization.

Excluding grants.

Consolidated accounts of the federal government and the emirates Abu Dhabi, Dubai, and Sharjah. Total government gross debt includes banking system claims only. Excludes debt raised by federal and Emirati governments in the international markets.

Central government. Includes transfers to electric company (4.3 and 2.7 percent of GDP in 2013 and 2014).

Includes oil revenue transferred to the oil fund. Total government gross debt also includes oil revenues transferred to public enterprises and central bank debts.

State government.

West Bank and Gaza is not a member of the IMF and is not included in any of the aggregates. Government gross debt excludes arrears.

Table 4.General Government Total Revenue, Excluding Grants, and Total Expenditure and Net Lending
General Government Total Revenue, Excluding Grants

(Percent of GDP)
General Government Total Expenditure and Net Lending

(Percent of GDP)
Average

2006–10
20112012ProjectionsAverage

2006–10
20112012Projections
2013201420132014
MENAP33.132.331.930.329.830.230.431.031.431.2
Oil exporters39.138.638.235.734.431.532.132.332.131.8
Algeria140.440.039.537.636.437.141.144.639.839.1
Bahrain228.328.229.429.628.629.530.932.535.936.7
Iran, I.R. of2,325.925.816.514.712.723.121.719.017.317.1
Iraq47.248.548.245.344.352.744.644.153.248.2
Kuwait266.770.870.069.468.837.637.536.140.442.9
Libya62.350.172.361.660.941.359.353.069.066.8
Oman243.547.347.647.545.435.739.845.042.343.4
Qatar39.035.739.638.137.129.935.937.427.328.5
Saudi Arabia47.747.551.846.644.733.935.536.837.036.1
United Arab Emirates432.834.335.134.333.625.430.326.526.125.4
Yemen31.423.823.826.025.536.929.436.233.032.7
Oil importers21.919.519.119.620.427.827.028.330.130.1
Afghanistan, Rep. of9.011.410.110.110.621.623.225.026.726.6
Djibouti30.228.525.928.329.938.635.237.238.040.1
Egypt27.021.922.023.624.435.431.833.438.640.3
Jordan226.320.521.421.822.735.133.231.735.134.0
Lebanon223.023.423.222.623.133.629.532.233.134.1
Mauritania2,525.727.633.930.130.829.529.836.937.140.0
Morocco2,629.027.728.126.626.930.934.535.833.033.1
Pakistan13.912.412.813.014.119.519.521.521.719.9
Sudan20.417.89.59.910.622.417.913.813.213.9
Syrian Arab Republic22.526.1
Tunisia28.530.929.829.930.330.534.335.137.637.1
CCA29.431.931.328.527.426.226.327.327.727.2
Oil and gas exporters30.433.132.129.027.825.625.726.927.326.9
Azerbaijan2,738.745.540.035.833.429.934.237.040.740.3
Kazakhstan26.227.727.025.724.423.521.822.520.920.4
Turkmenistan619.018.321.017.417.013.314.614.715.615.0
Uzbekistan36.639.941.235.935.431.231.433.035.035.1
Oil and gas importers23.624.826.125.525.429.930.029.730.129.1
Armenia2,719.520.622.022.823.525.225.824.625.926.7
Georgia26.927.327.826.726.534.531.731.830.529.6
Kyrgyz Republic27.328.831.930.529.132.436.339.837.635.6
Tajikistan20.222.623.623.123.326.427.024.628.426.2
Memorandum
MENA35.735.034.632.832.031.631.932.332.732.7
MENA oil importers26.223.522.923.524.232.031.232.234.935.8
Arab Countries in Transition (excl. Libya)27.824.024.125.025.634.132.534.136.937.7
GCC45.645.848.845.443.932.335.135.534.734.6
Non–GCC oil exporters33.431.827.825.824.730.729.229.129.428.9
West Bank and Gaza7,824.220.920.218.919.154.037.836.733.832.4
Sources: National authorities; and IMF staff estimates and projections.

Including special accounts.

Central government.

Includes National Development Fund but excludes Targeted Subsidy Organization.

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

Includes oil revenue transferred to the oil fund.

State government.

Expenditures do not include statistical discrepancy.

West Bank and Gaza is not a member of the IMF and is not included in any of the aggregates.

Sources: National authorities; and IMF staff estimates and projections.

Including special accounts.

Central government.

Includes National Development Fund but excludes Targeted Subsidy Organization.

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

Includes oil revenue transferred to the oil fund.

State government.

Expenditures do not include statistical discrepancy.

West Bank and Gaza is not a member of the IMF and is not included in any of the aggregates.

Table 5.Oil Exporters: Non–Oil Fiscal Balance and Revenue; Fiscal and External Breakeven Oil Prices
Average

2006–10
20112012ProjectionsAverage

2006–10
20112012Projections
2013201420132014
Non–Oil Fiscal Balance

(Percent of Non–Oil GDP)
Non–Oil Revenue

(Percent of Non–Oil GDP)
MENAP oil exporters−36.2−45.0−44.3−42.0−40.516.214.115.714.113.8
Algeria−43.8−44.9−46.7−38.1−36.718.119.620.820.419.7
Bahrain1−32.7−38.8−39.3−41.8−40.66.33.54.54.44.5
Iran, I.R. of1,2−18.9−16.0−13.3−13.8−13.311.713.09.88.68.2
Iraq−34.5−86.4−72.2−72.2−66.86.25.58.74.34.4
Kuwait1−53.6−72.0−72.4−76.9−74.533.730.533.634.136.3
Libya−115.9−117.4−194.6−168.2−162.921.94.812.26.15.6
Oman1−48.1−74.9−81.1−71.1−66.014.211.613.313.613.6
Qatar−28.1−52.0−38.6−28.0−26.733.426.535.933.333.4
Saudi Arabia−46.2−59.4−55.0−53.5−50.218.912.917.614.614.0
United Arab Emirates3−25.1−39.9−32.5−30.8−28.412.510.011.712.012.3
Yemen−38.6−31.3−28.2−29.6−27.713.311.313.315.315.1
CCA oil exporters−17.1−20.3−21.2−21.1−19.122.819.619.017.517.3
Azerbaijan1−34.3−41.7−46.3−47.7−44.527.023.118.819.820.7
Kazakhstan−11.6−12.9−13.1−12.0−10.522.719.219.717.517.0
Turkmenistan4−7.3−11.2−9.9−12.5−11.113.014.316.113.212.5
Uzbekistan
Memorandum
GCC−41.1−57.0−52.3−49.8−46.820.215.419.817.917.9
Non–GCC oil exporters−32.0−33.4−36.5−34.2−34.112.812.811.710.19.7
Fiscal Breakeven Oil Price5

(U.S. dollars per barrel)
External Breakeven Oil Prices6

(U.S. dollars per barrel)
MENAP oil exporters
Algeria109.7125.6113.8113.370.577.085.584.1
Bahrain77.5110.7115.3118.8116.849.061.967.855.355.7
Iran, I.R. of84.0130.0126.7153.458.060.077.893.4
Iraq95.0102.1106.1102.290.897.798.194.2
Kuwait39.249.052.052.331.632.035.833.6
Libya46.9124.075.7117.5111.536.986.363.8113.7110.4
Oman54.177.979.892.696.973.069.481.784.3
Qatar38.043.354.859.347.643.946.749.1
Saudi Arabia78.178.083.983.652.955.458.859.9
United Arab Emirates92.477.674.470.759.648.952.749.6
Yemen195.0237.0214.8172.0218.0168.0
CCA oil exporters
Azerbaijan25.754.080.689.897.757.562.576.483.4
Kazakhstan56.656.867.261.963.577.483.273.075.6
Turkmenistan40.951.743.246.363.359.849.945.9
Uzbekistan
Sources: National authorities; and IMF staff estimates and projections.

Central government.

Includes National Development Fund but excludes Targeted Subsidy Organization.

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

State government.

The oil price at which the fiscal balance is zero.

The oil price at which the current account balance is zero.

Sources: National authorities; and IMF staff estimates and projections.

Central government.

Includes National Development Fund but excludes Targeted Subsidy Organization.

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

State government.

The oil price at which the fiscal balance is zero.

The oil price at which the current account balance is zero.

Table 6.Current Account Balance
Average

2006–10
20112012ProjectionsAverage

2006–10
20112012Projections
2013201420132014
(In billions of U.S. dollars)(In percent of GDP)
MENAP216.5418.1417.2315.9299.69.813.312.19.48.6
Oil exporters236.1444.1462.6354.6329.214.418.617.413.912.4
Algeria21.317.712.34.02.715.08.95.91.81.2
Bahrain1.73.22.23.83.49.212.68.213.511.9
Iran, I.R. of22.659.427.211.91.07.012.05.03.10.3
Iraq5.422.514.91.52.05.612.57.00.70.8
Kuwait42.667.279.872.171.036.041.843.238.737.7
Libya23.83.223.9−3.4−4.434.49.129.2−4.7−4.7
Oman3.710.79.18.36.17.615.311.610.17.3
Qatar15.552.062.359.253.815.730.332.429.625.6
Saudi Arabia82.5158.6164.7138.9132.018.423.723.219.317.7
United Arab Emirates18.250.966.659.462.87.214.617.315.215.6
Yemen−1.3−1.4−0.3−1.1−1.5−4.9−4.1−0.9−2.7−3.4
Oil importers−19.6−26.0−45.4−38.7−29.6−3.1−3.5−5.8−4.8−3.5
Afghanistan, Rep. of0.30.40.80.50.42.82.43.92.51.8
Djibouti−0.1−0.2−0.2−0.2−0.2−14.4−14.1−12.3−13.1−15.1
Egypt−0.7−6.1−7.9−6.9−2.30.0−2.6−3.1−2.6−0.9
Jordan−1.8−3.5−5.6−3.4−3.3−9.2−12.0−18.1−9.9−9.1
Lebanon−2.2−4.9−6.7−7.3−7.6−6.8−12.4−16.2−16.7−16.7
Mauritania−0.3−0.3−1.3−1.4−1.0−10.8−7.6−32.7−34.3−22.6
Morocco−2.4−8.1−9.6−7.6−6.9−2.5−8.1−10.0−7.2−6.1
Pakistan−7.80.2−4.7−2.3−1.3−4.80.1−2.1−1.0−0.6
Sudan−2.6−0.3−6.5−6.3−3.9−5.6−0.4−10.8−11.9−7.0
Syrian Arab Republic−0.7−1.2
Tunisia−1.3−3.4−3.7−3.9−3.4−3.1−7.3−8.1−8.0−6.6
CCA9.229.019.017.015.23.77.94.83.93.1
Oil and gas exporters12.432.623.119.918.35.710.06.45.04.1
Azerbaijan10.817.115.010.18.026.326.521.713.39.2
Kazakhstan−1.312.37.79.67.8−1.76.53.84.33.1
Turkmenistan1.10.60.00.11.84.52.00.00.23.8
Uzbekistan1.82.60.40.10.76.75.80.70.21.1
Oil and gas importers−3.2−3.7−4.0−2.9−3.1−10.8−9.8−10.1−6.9−6.9
Armenia−1.0−1.1−1.1−1.0−0.9−10.1−10.9−11.3−10.0−8.6
Georgia−1.7−1.8−1.8−1.0−1.3−15.5−12.7−11.5−6.5−7.8
Kyrgyz Republic−0.3−0.4−1.0−0.7−0.7−6.7−6.5−15.3−9.6−8.3
Tajikistan−0.2−0.3−0.1−0.1−0.2−5.2−4.7−1.3−1.7−2.2
Memorandum
MENA223.9417.4421.1317.6300.611.014.313.210.39.3
MENA oil importers−12.2−26.6−41.5−36.9−28.6−2.6−5.1−7.7−6.7−4.9
Arab Countries in Transition (excl. Libya)−7.4−22.4−27.1−22.9−17.4−2.0−5.0−5.8−4.7−3.4
GCC164.3342.7384.6341.7329.316.523.724.421.319.8
Non–GCC oil exporters71.8101.478.012.9−0.111.110.87.21.40.0
West Bank and Gaza1−0.4−2.3−3.0−2.6−2.6−7.4−23.6−28.9−22.4−21.0
Sources: National authorities; and IMF staff estimates and projections.

West Bank and Gaza is not a member of the IMF and is not included in any of the aggregates.

Sources: National authorities; and IMF staff estimates and projections.

West Bank and Gaza is not a member of the IMF and is not included in any of the aggregates.

Table 7.Gross Official Reserves and Total Gross External Debt
Gross Official Reserves

(Months of imports)
Total Gross External Debt

(Percent of GDP)1
Average

2006–10
20112012ProjectionsAverage

2006–10
20112012Projections
2013201420132014
MENAP11.312.213.013.413.430.325.524.425.524.8
Oil exporters13.314.315.516.015.927.722.221.021.720.6
Algeria31.634.934.036.236.24.02.21.81.51.3
Bahrain3.43.53.74.04.6135.8139.6145.2146.6150.8
Iran, I.R. of10.315.116.314.812.97.23.61.31.71.5
Iraq9.59.58.39.910.391.533.828.312.510.7
Kuwait5.46.56.96.96.838.023.020.320.220.1
Libya46.435.635.026.221.58.216.16.87.95.9
Oman5.15.15.35.55.515.212.212.512.011.7
Qatar5.23.76.78.48.862.977.485.987.881.1
Saudi Arabia225.429.934.737.739.915.612.411.612.612.0
United Arab Emirates2.31.61.81.91.945.939.637.037.537.3
Yemen7.43.85.44.43.424.318.317.816.416.1
Oil importers5.75.34.24.14.437.735.835.937.338.2
Afghanistan, Rep. of4.26.16.46.46.846.06.86.56.66.6
Djibouti2.21.03.44.93.959.352.349.247.547.5
Egypt6.44.72.72.63.020.714.813.416.218.8
Jordan36.65.62.73.84.632.521.923.425.425.6
Lebanon48.111.010.710.810.5179.2173.8174.8175.9174.7
Mauritania1.11.42.83.53.394.691.7107.3110.494.2
Morocco6.85.04.24.34.124.425.129.831.331.3
Pakistan3.33.62.71.42.229.231.129.127.027.0
Sudan1.91.51.92.02.366.362.071.485.882.5
Syrian Arab Republic18.1
Tunisia4.44.33.83.94.249.847.651.452.155.2
CCA5.76.66.77.07.353.544.645.944.341.3
Oil and gas exporters6.37.47.57.98.453.942.443.742.239.1
Azerbaijan3,55.37.47.17.67.47.77.39.211.611.2
Kazakhstan5.75.95.46.57.588.666.667.663.659.1
Turkmenistan33.010.018.120.615.9
Uzbekistan310.013.215.513.612.716.313.313.013.313.7
Oil and gas importers3.13.33.43.33.151.563.565.664.163.2
Armenia54.54.64.23.53.643.171.577.075.578.1
Georgia3.03.73.83.83.248.659.063.563.960.4
Kyrgyz Republic33.83.43.83.63.784.177.275.671.470.2
Tajikistan0.81.41.51.92.046.548.346.244.345.2
Memorandum
MENA11.812.613.414.013.930.425.224.225.524.8
MENA oil importers6.35.64.54.64.841.038.739.942.843.8
Arab Countries in Transition (excl. Libya)6.34.83.53.53.726.221.321.523.725.4
GCC11.111.713.514.514.933.330.130.231.330.2
Non-GCC oil exporters18.320.520.219.518.319.710.17.75.34.7
West Bank and Gaza61.90.91.211.411.0
Sources: National authorities; and IMF staff estimates and projections.

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

Saudi Arabia Monetary Agency gross foreign assets.

Excludes deposits of nonresidents held in the banking system. Imports include re-exports of goods and services.

Excludes gold and encumbered assets.

Public and publicly guaranteed debt, as private debt data are not reliable.

West Bank and Gaza is not a member of the IMF and is not included in any of the aggregates.

Sources: National authorities; and IMF staff estimates and projections.

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

Saudi Arabia Monetary Agency gross foreign assets.

Excludes deposits of nonresidents held in the banking system. Imports include re-exports of goods and services.

Excludes gold and encumbered assets.

Public and publicly guaranteed debt, as private debt data are not reliable.

West Bank and Gaza is not a member of the IMF and is not included in any of the aggregates.

Table 8.Broad Money Growth and Depository Corporations (Banking System) Credit to Private Sector
Broad Money Growth

(Annual change; percent)
Credit to Private Sector

(Annual change; percent)
Average

2006–10
20112012ProjectionsAverage

2006–10
20112012Projections
2013201420132014
MENAP18.114.712.917.213.318.311.914.910.311.8
Oil exporters19.715.613.218.012.819.914.016.611.712.5
Algeria15.419.910.911.012.815.39.713.515.110.7
Bahrain18.13.410.46.34.521.315.06.24.64.5
Iran, I.R. of26.619.421.646.225.624.618.218.4
Iraq29.838.04.110.37.736.271.961.711.011.4
Kuwait14.210.26.511.88.016.92.63.27.78.0
Libya23.325.011.54.54.015.1−5.430.30.823.1
Oman20.212.210.713.514.422.113.014.914.312.6
Qatar27.417.122.913.113.031.519.512.612.914.7
Saudi Arabia14.513.313.911.610.112.710.616.415.615.3
United Arab Emirates20.05.04.47.48.125.62.32.36.08.4
Yemen15.60.021.516.015.014.7−16.9−0.615.015.0
Oil importers14.011.812.114.514.714.15.79.76.610.0
Afghanistan, Rep. of21.38.99.39.5
Djibouti14.0−4.515.18.89.221.52.52.28.515.0
Egypt13.210.18.318.520.89.31.07.19.710.8
Jordan12.68.13.410.69.112.49.46.86.93.3
Lebanon113.67.27.98.08.013.712.910.59.79.7
Mauritania15.219.910.511.214.915.010.114.614.113.8
Morocco12.06.44.55.56.018.79.84.86.16.9
Pakistan14.315.914.115.913.812.34.07.5−0.68.5
Sudan20.617.740.317.618.623.18.034.114.518.8
Syrian Arab Republic11.222.9
Tunisia1,212.79.18.411.611.612.113.48.79.713.0
CCA37.322.616.717.917.432.924.220.121.516.5
Oil and gas exporters38.922.416.718.017.533.123.820.322.416.3
Azerbaijan44.632.120.626.622.050.018.120.818.818.1
Kazakhstan34.614.19.112.014.129.714.913.420.312.7
Turkmenistan49.036.335.629.520.644.779.147.040.035.0
Uzbekistan43.332.329.222.822.827.732.029.824.615.3
Oil and gas importers27.324.716.417.316.132.227.218.313.518.1
Armenia20.923.619.615.913.039.135.626.915.813.0
Georgia26.520.311.417.016.530.824.312.87.720.9
Kyrgyz Republic27.314.923.819.818.531.620.826.219.020.8
Tajikistan42.645.815.118.117.419.923.98.917.316.9
Memorandum
MENA18.414.512.917.313.218.812.515.411.212.1
MENA oil importers13.510.011.414.015.214.96.410.69.510.6
Arab Countries in Transition (excl. Libya)13.08.28.114.315.512.83.86.29.210.0
GCC17.310.911.510.89.918.68.610.711.812.4
Non-GCC oil exporters23.622.415.728.617.421.721.725.1
West Bank and Gaza311.04.06.815.723.814.212.912.4
Sources: National authorities; and IMF staff estimates and projections.

Broad money is defined to include nonresident deposits (M5).

Credit to private sector includes credit to public enterprises.

West Bank and Gaza is not a member of the IMF and is not included in any of the aggregates.

Sources: National authorities; and IMF staff estimates and projections.

Broad money is defined to include nonresident deposits (M5).

Credit to private sector includes credit to public enterprises.

West Bank and Gaza is not a member of the IMF and is not included in any of the aggregates.

Table 9.Financial Sector Indicators
Capital Adequacy Ratios

(Percent of risk-weighted assets)
Return on Assets

(Pre-tax, percent)
Nonperforming Loans

(90-day basis, percent of total loans)
Dec-10Dec-11Dec-12Dec-10Dec-11Dec-12Dec-10Dec-11Dec-12
MENAP
Oil exporters
Algeria23.623.72.12.118.314.4
Bahrain19.919.919.31.11.21.24.34.95.8
Iran, I.R. of18.413.815.1
Iraq
Kuwait18.918.518.01.21.11.28.97.35.2
Libya17.316.615.71.20.60.720.220.621.0
Oman15.815.916.01.61.71.62.92.42.2
Qatar16.120.618.92.62.72.42.01.71.7
Saudi Arabia17.117.418.71.81.92.03.02.31.9
United Arab Emirates220.720.020.61.31.51.55.67.28.7
Yemen320.224.329.61.31.51.217.721.225.5
Oil importers
Afghanistan, Rep. of−14.923.6−19.8−0.949.94.6
Djibouti12.29.411.71.11.01.38.39.411.4
Egypt4,516.115.60.81.011.010.9
Jordan20.319.319.01.11.11.18.28.57.7
Lebanon4,613.411.611.21.21.11.04.33.73.8
Mauritania734.035.30.41.245.339.2
Morocco12.311.71.21.14.74.74.8
Pakistan14.015.115.41.72.22.114.715.714.5
Sudan10.013.012.03.94.24.414.412.611.8
Syrian Arab Republic6.51.05.1
Tunisia11.611.911.80.90.60.613.013.314.6
CCA
Armenia22.218.316.82.21.91.13.13.43.6
Azerbaijan16.914.716.80.9−1.10.74.76.05.7
Georgia823.625.625.31.72.91.05.44.63.7
Kazakhstan17.917.418.112.0−0.1−1.523.830.828.2
Kyrgyz Republic31.030.328.31.23.03.015.810.27.2
Tajikistan924.521.323.30.8−0.40.27.57.29.5
Turkmenistan17.219.445.33.62.62.60.10.00.0
Uzbekistan23.424.224.31.21.91.91.00.70.5
Memorandum:
West Bank and Gaza1026.524.522.62.11.91.83.12.83.3
Source: National authorities.

December data refer to March data of the following year.

National banks only.

Data refer to all banks except the Housing Bank and CAC Bank.

After tax.

Provisioning to nonperforming loans surpassed 100 percent as of Dec. 2009 and data refer to end of fiscal year.

Capital adequacy ratio (CAR) according to Basel II in 2010 and Basel III from 2011 onwards. Data for 2012 CAR are as of June 2012.

Provisioning to nonperforming loans stood at 89 percent in June 2011.

Cumulative and annualized.

CAR: Tier 1 capital as percent of risk-weighted assets. Return on assets: the quick turnaround in profitability in H1 2013 reflects sizeable underprovisioning for nonperforming assets in some large banks. Nonperforming loans: loans overdue by 30 days or more.

West Bank and Gaza is not a member of the IMF and is not included in any of the aggregates.

Source: National authorities.

December data refer to March data of the following year.

National banks only.

Data refer to all banks except the Housing Bank and CAC Bank.

After tax.

Provisioning to nonperforming loans surpassed 100 percent as of Dec. 2009 and data refer to end of fiscal year.

Capital adequacy ratio (CAR) according to Basel II in 2010 and Basel III from 2011 onwards. Data for 2012 CAR are as of June 2012.

Provisioning to nonperforming loans stood at 89 percent in June 2011.

Cumulative and annualized.

CAR: Tier 1 capital as percent of risk-weighted assets. Return on assets: the quick turnaround in profitability in H1 2013 reflects sizeable underprovisioning for nonperforming assets in some large banks. Nonperforming loans: loans overdue by 30 days or more.

West Bank and Gaza is not a member of the IMF and is not included in any of the aggregates.

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