Chapter

Statistical Appendix

Author(s):
International Monetary Fund. Middle East and Central Asia Dept.
Published Date:
October 2014
Share
  • ShareShare

Related Material

Show Summary Details

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/2014/mcd/eng/pdf/mreost1014.xlsx.

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, 8, and 9 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, and 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 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 (Tables 6 and 7) denominated in U.S. dollars 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 relating to the external economy (Tables 6 and 7) denominated in percent of GDP/months of imports are sums of individual country data divided by sums of dollar denominated GDP/sums of imports denominated in US 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)
AverageProjectionsAverageProjections
2007–1120122013201420152007–112012201320142015
MENAP4.64.82.52.73.99.110.09.98.08.1
Oil Exporters4.65.72.22.53.98.610.310.27.07.5
Algeria2.83.32.83.84.04.58.93.33.24.0
Bahrain4.73.45.33.92.92.22.83.32.52.4
Iran, Islamic Republic of24.1−6.6−1.91.52.217.730.534.719.820.0
Iraq5.910.34.2−2.71.57.96.11.94.76.2
Kuwait1.88.3−0.41.41.85.23.22.73.03.5
Libya−9.8104.5−13.6−19.815.07.56.12.64.86.3
Oman5.55.84.83.43.45.92.91.22.82.8
Qatar15.56.16.56.57.74.71.93.13.43.5
Saudi Arabia6.55.84.04.64.54.62.93.52.93.2
United Arab Emirates1.54.75.24.34.55.30.71.12.22.5
Yemen1.22.44.81.94.612.39.911.09.011.4
Oil Importers4.52.93.03.13.910.19.49.19.99.6
Afghanistan, Republic of10.514.03.63.24.58.56.47.46.15.5
Djibouti4.84.85.05.55.55.53.72.43.24.0
Egypt5.22.22.12.23.512.27.19.510.913.4
Jordan5.22.72.93.54.05.54.65.63.02.6
Lebanon7.82.51.51.82.55.75.93.23.54.0
Mauritania2.37.06.76.86.85.84.94.13.34.2
Morocco4.32.74.43.54.71.81.31.91.12.0
Pakistan3.43.83.74.14.312.011.07.48.68.0
Sudan3.6−2.73.33.03.712.935.536.538.020.6
Syrian Arab Republic
Tunisia2.93.72.32.83.74.05.66.15.75.0
CCA7.35.66.65.55.610.15.36.06.46.4
Oil and Gas Exporters7.65.66.85.65.710.25.76.36.56.5
Azerbaijan10.02.25.84.54.310.51.02.42.83.0
Kazakhstan5.65.06.04.64.710.15.15.86.96.1
Turkmenistan11.211.110.210.111.55.65.36.85.05.5
Uzbekistan8.78.28.07.06.512.312.111.210.011.2
Oil and Gas Importers4.75.45.64.64.99.12.13.65.06.2
Armenia2.77.13.53.23.56.42.55.81.83.8
Georgia4.96.23.25.05.07.3−0.9−0.54.64.9
Kyrgyz Republic4.9−0.910.54.14.913.22.86.68.08.9
Tajikistan6.77.57.46.06.011.85.85.06.68.3
Memorandum
MENA4.74.82.32.63.88.89.910.27.98.2
MENA Oil Importers4.82.02.62.63.79.28.610.110.810.6
Arab Countries in Transition excluding Libya)4.62.52.72.53.89.46.17.88.310.1
GCC5.65.84.14.44.54.82.42.82.83.1
Non-GCC Oil Exporters3.65.50.00.33.112.519.218.912.212.9
Arab World4.87.43.22.84.26.55.34.95.35.7
West Bank and Gaza38.36.31.9−3.74.44.42.81.72.62.8
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
AverageProjectionsAverageProjections
2007–1120122013201420152007–112012201320142015
Oil GDPNon-Oil GDP
(Annual percent change)(Annual percent change)
MENAP Oil Exporters0.90.7−2.7−1.01.86.45.54.54.24.6
Algeria−3.5−3.4−5.50.41.77.47.17.25.35.0
Bahrain0.9−8.515.3−0.20.75.96.63.05.03.5
Iran, Islamic Republic of0.1−37.2−8.90.5−0.35.1−0.7−1.11.62.5
Iraq7.212.80.3−4.33.55.18.47.3−1.50.0
Kuwait1.012.2−2.20.20.23.71.92.83.54.5
Libya−16.0211.4−31.6−51.845.9−2.243.78.75.14.0
Oman3.44.13.30.40.38.57.76.56.56.5
Qatar15.21.30.1−1.10.916.010.111.411.811.9
Saudi Arabia0.75.7−1.00.60.08.55.85.35.65.5
United Arab Emirates−1.67.64.81.72.33.33.35.45.55.5
Yemen2.6−11.513.2−8.35.41.24.04.03.04.5
CCA Oil Exporters6.2−2.12.60.61.67.78.88.37.57.0
Azerbaijan10.8−5.30.5−0.9−0.19.49.69.98.07.0
Kazakhstan4.6−2.22.90.20.06.28.07.26.26.3
Turkmenistan3.66.15.96.012.613.211.710.813.110.7
Uzbekistan
Memorandum
GCC1.75.90.70.60.67.55.55.76.16.1
Non-GCC Oil Exporters0.1−5.2−6.6−3.03.25.45.43.02.02.7
Crude Oil ProductionNatural Gas Production
(Millions of barrels per day)(Millions of barrels per day equivalent)
MENAP Oil Exporters24.525.624.824.224.510.112.712.712.713.1
Algeria1.21.01.01.01.01.51.51.51.41.4
Bahrain0.20.20.20.20.20.30.30.30.30.3
Iran, Islamic Republic of13.82.82.52.52.42.73.23.03.03.0
Iraq2.33.03.02.93.00.00.00.00.00.0
Kuwait2.53.02.92.92.90.20.30.30.30.3
Libya1.51.51.00.50.70.10.10.10.00.0
Oman0.80.90.91.01.00.50.60.70.70.7
Qatar0.80.70.70.70.72.13.53.63.63.7
Saudi Arabia8.79.89.69.79.71.51.81.92.02.1
United Arab Emirates2.52.72.72.82.81.11.21.31.31.3
Yemen0.30.20.20.20.20.20.20.20.2
CCA Oil Exporters2.72.72.82.82.81.31.41.41.51.6
Azerbaijan0.90.90.90.90.90.30.30.30.30.3
Kazakhstan1.51.61.71.71.70.00.00.00.00.0
Turkmenistan0.20.20.30.30.31.01.11.11.21.3
Uzbekistan
Memorandum
GCC15.517.217.217.217.35.87.78.08.28.4
Non-GCC Oil Exporters9.18.47.67.07.34.44.94.74.54.6
Sources: National authorities; and IMF staff estimates and projections.

Including condensates.

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

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)
AverageProjectionsAverageProjections
2007–1120122013201420152007–112012201320142015
MENAP2.42.60.0−1.0−1.432.731.432.132.432.1
Oil Exporters6.47.64.42.01.217.213.112.011.511.2
Algeria0.5−4.1−1.9−5.1−5.111.010.09.39.98.1
Bahrain1−1.4−3.2−4.3−4.8−5.722.536.343.947.151.4
Iran, Islamic Republic of1,21.8−2.0−2.3−2.1−2.211.511.811.311.211.1
Iraq3−1.04.1−5.9−3.0−0.672.633.531.330.729.8
Kuwait129.234.832.128.626.56.03.63.23.13.1
Libya8.127.8−4.0−52.1−30.20.00.00.00.00.0
Oman18.94.68.13.00.26.06.27.38.19.0
Qatar8.39.615.411.49.022.835.834.325.524.8
Saudi Arabia11.914.78.75.21.611.43.62.72.62.5
United Arab Emirates44.58.96.56.36.216.917.111.711.411.4
Yemen−6.1−6.3−6.9−5.4−5.043.047.348.248.247.4
Oil Importers−5.8−8.4−9.5−7.5−6.964.471.575.877.477.3
Afghanistan, Republic of−1.60.2−0.6−0.5−0.813.76.56.15.96.8
Djibouti−1.8−2.7−5.9−7.3−10.553.943.334.741.848.5
Egypt−8.1−10.5−14.1−12.2−11.574.678.989.293.894.5
Jordan1,5−6.3−8.9−11.1−10.3−6.067.380.285.890.091.1
Lebanon1−8.5−8.6−9.2−11.1−12.0150.4134.3141.0144.9147.4
Mauritania1,6−3.32.8−1.10.10.288.989.587.670.069.7
Morocco1−2.5−7.4−5.5−5.0−4.351.360.464.666.066.2
Pakistan−6.0−8.4−8.1−4.7−4.457.564.064.362.561.4
Sudan−1.5−3.7−2.3−1.0−1.271.094.390.390.887.6
Syrian Arab Republic−4.135.3
Tunisia−1.9−4.7−5.9−5.9−4.143.444.544.850.554.1
CCA4.34.72.81.61.012.114.715.515.916.5
Oil and Gas Exporters5.45.53.42.11.49.212.012.913.314.0
Azerbaijan111.64.90.80.3−1.79.811.613.815.918.0
Kazakhstan2.34.55.03.73.18.812.412.913.714.5
Turkmenistan75.36.41.30.00.64.418.120.515.814.3
Uzbekistan6.48.52.90.60.511.78.68.58.68.6
Oil and Gas Importers−4.4−2.3−2.3−2.7−2.435.337.036.837.937.7
Armenia1−3.9−1.6−1.7−1.7−2.026.538.941.441.542.5
Georgia−5.9−3.0−2.6−3.7−3.031.932.332.233.933.6
Kyrgyz Republic−2.9−5.3−4.0−4.4−3.254.549.047.751.150.0
Tajikistan−4.20.6−0.8−0.6−1.334.532.329.228.828.4
Memorandum
MENA3.43.91.0−0.6−1.029.927.728.528.928.8
MENA Oil Importers−5.9−8.7−10.5−9.3−8.569.177.884.588.088.5
Arab Countries in Transition (excluding Libya)−6.4−9.1−11.3−9.9−8.965.470.978.382.182.9
GCC11.414.210.97.95.312.910.28.87.98.0
Non-GCC Oil Exporters1.40.3−3.2−5.1−4.021.516.315.815.815.1
Arab World3.95.31.7−0.2−0.834.531.432.232.732.5
West Bank and Gaza3,8−24.7−16.5−13.9−16.5−15.524.624.220.922.922.3
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 goverment gross debts 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 percent of GDP and 2.7 percent of GDP in 2013 and 2014, respectively).

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.

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 goverment gross debts 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 percent of GDP and 2.7 percent of GDP in 2013 and 2014, respectively).

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.

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)
AverageProjectionsAverageProjections
2007–1120122013201420152007–112012201320142015
MENAP33.233.131.930.630.231.130.630.631.932.5
Oil Exporters39.039.737.835.834.632.831.833.233.933.6
Algeria140.039.735.234.432.339.543.737.139.537.4
Bahrain223.926.024.024.423.325.729.628.631.531.5
Iran, Islamic Republic of2,324.415.014.613.112.322.015.315.615.314.6
Iraq46.147.443.142.341.351.043.349.145.342.0
Kuwait268.574.773.673.673.039.338.841.444.846.8
Libya57.572.365.731.342.649.544.569.883.472.9
Oman244.549.451.749.247.437.946.744.848.149.6
Qatar36.540.546.542.939.628.230.931.131.530.6
Saudi Arabia46.450.346.545.343.234.535.537.840.041.6
United Arab Emirates432.936.234.633.332.428.427.328.127.026.3
Yemen28.623.823.022.521.735.436.230.829.327.7
Oil Importers21.418.819.119.520.627.828.029.229.428.7
Afghanistan, Republic of9.110.19.59.610.521.325.024.328.130.1
Djibouti29.525.927.429.529.138.537.237.742.744.9
Egypt25.721.522.722.424.634.232.737.139.037.2
Jordan224.521.521.322.924.534.531.229.431.431.3
Lebanon223.122.320.920.821.832.231.030.132.033.9
Mauritania2,525.433.632.933.633.929.936.634.935.535.1
Morocco2,629.128.727.626.627.131.936.133.832.932.4
Pakistan13.712.813.114.314.720.021.621.419.819.5
Sudan19.59.49.210.911.321.313.512.112.413.3
Syrian Arab Republic21.926.0
Tunisia29.529.830.330.530.231.635.336.336.834.7
CCA30.531.329.229.327.926.727.126.627.927.1
Oil and Gas Exporters31.332.029.629.728.126.126.726.127.726.8
Azerbaijan2,742.240.539.440.038.131.336.738.039.739.9
Kazakhstan26.226.925.325.623.523.922.420.321.920.4
Turkmenistan618.621.117.616.516.713.314.716.216.416.1
Uzbekistan37.841.136.235.935.431.733.033.635.635.2
Oil and Gas Importers24.326.026.425.625.630.929.830.229.429.3
Armenia2,720.121.923.423.123.426.224.526.825.926.3
Georgia27.327.826.826.526.335.031.830.130.830.1
Kyrgyz Republic27.931.331.528.028.133.939.137.634.933.4
Tajikistan20.923.624.624.724.927.424.627.726.527.7
Memorandum
MENA35.735.734.332.832.232.531.733.234.133.6
MENA Oil Importers25.422.222.722.624.131.831.433.434.633.5
Arab Countries in Transition (excluding Libya)26.723.524.123.825.333.733.635.636.735.2
GCC44.448.446.545.143.233.134.335.737.338.1
Non-GCC Oil Exporters33.529.927.624.524.032.429.030.229.728.1
Arab World38.540.438.637.036.435.235.437.038.137.6
West Bank and Gaza7,823.420.220.524.023.948.136.734.340.439.4
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
AverageProjectionsAverageProjections
2007–1120122013201420152007–112012201320142015
Non-Oil Fiscal BalanceNon-Oil Revenue
(Percent of non-oil GDP)(Percent of non-oil GDP)
MENAP Oil Exporters−43.2−45.1−43.6−41.9−40.115.616.216.516.416.1
Algeria−45.7−45.7−34.2−36.4−33.418.420.919.420.019.1
Bahrain1−28.4−35.0−34.6−35.0−34.24.33.93.83.63.6
Iran, Islamic Republic of1,2−17.3−8.4−9.4−8.7−7.711.910.29.79.59.5
Iraq−78.8−66.4−71.8−64.4−58.06.28.16.95.35.3
Kuwait1−65.3−85.6−81.7−82.5−76.731.840.139.442.744.8
Libya−126.0−161.6−176.2−138.9−137.718.712.29.59.18.8
Oman1−56.3−88.8−78.9−81.9−77.114.414.615.014.815.2
Qatar−28.7−35.8−23.1−24.4−22.931.534.743.537.733.3
Saudi Arabia−49.5−53.7−53.2−55.1−55.217.117.318.117.617.2
United Arab Emirates3−30.6−33.1−33.9−29.8−27.312.012.012.112.913.0
Yemen−35.1−25.6−24.9−21.0−18.512.212.112.814.415.4
CCA Oil Exporters−19.0−21.0−18.9−20.6−19.021.819.018.517.816.5
Azerbaijan1−36.3−45.7−45.6−44.4−42.825.718.819.819.519.8
Kazakhstan−13.3−13.0−9.4−12.6−11.221.319.618.718.015.9
Turkmenistan4−8.0−9.9−12.2−12.3−10.913.516.114.413.413.0
Uzbekistan
Memorandum
GCC−45.2−52.6−50.0−50.5−48.918.319.921.120.720.2
Non-GCC Oil Exporters−41.1−36.8−36.2−31.3−29.312.912.211.311.111.0
Fiscal Breakeven Oil Price5External Breakeven Oil Prices6
(U.S. dollars per barrel)(U.S. dollars per barrel)
MENAP Oil Exporters
Algeria124.7111.1132.4130.577.087.893.193.5
Bahrain88.2119.4125.3125.4127.155.167.864.966.665.5
Iran, Islamic Republic of130.0126.5130.5130.760.049.261.071.1
Iraq102.1106.1111.2100.697.798.194.393.4
Kuwait49.050.554.254.032.035.832.932.9
Libya75.662.8110.8316.8184.150.063.283.2189.1167.6
Oman61.979.883.999.0102.669.478.182.086.9
Qatar53.069.244.554.860.055.955.155.958.0
Saudi Arabia77.989.097.5106.055.459.463.568.2
United Arab Emirates70.377.683.779.377.347.652.164.258.8
Yemen237.0214.8160.0145.0218.0168.0120.0108.0
CCA Oil Exporters
Azerbaijan33.379.575.886.394.862.568.767.975.3
Kazakhstan64.367.263.266.568.083.2108.3100.8105.3
Turkmenistan51.250.457.551.959.358.456.454.0
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
(In billions of U.S. dollars)(In percent of GDP)
AverageProjectionsAverageProjections
2007–1120122013201420152007–112012201320142015
MENAP244.5418.9339.6280.3234.49.312.710.07.86.2
Oil Exporters268.7463.5376.9307.8273.113.718.414.811.69.8
Algeria19.512.30.8−6.8−7.012.15.90.4−3.0−2.9
Bahrain1.92.22.62.42.27.87.27.87.06.4
Iran, Islamic Republic of30.326.327.417.06.97.46.67.54.21.7
Iraq8.214.5−1.77.05.85.56.7−0.83.02.4
Kuwait47.079.271.273.269.836.045.540.540.838.6
Libya18.823.88.9−13.4−13.126.029.113.6−27.1−20.9
Oman4.710.19.28.04.57.913.311.99.95.6
Qatar24.162.062.657.452.618.732.730.927.123.2
Saudi Arabia94.4164.8132.6117.3100.117.822.417.715.112.4
United Arab Emirates21.269.064.746.351.86.918.516.111.111.8
Yemen−1.5−0.6−1.2−0.6−0.6−5.6−1.7−3.1−1.3−1.1
Oil Importers−24.2−44.7−37.3−27.5−38.7−3.6−5.6−4.5−3.5−4.4
Afghanistan, Republic of0.50.80.91.00.03.83.94.34.80.1
Djibouti−0.1−0.2−0.3−0.5−0.6−14.8−18.4−23.8−31.4−35.0
Egypt−2.2−10.1−7.4−1.3−12.8−0.9−3.9−2.7−0.4−4.0
Jordan−2.1−4.8−3.3−3.7−2.7−9.3−15.4−9.8−10.0−6.9
Lebanon−3.9−5.5−5.8−6.0−6.2−11.4−12.7−12.9−12.7−12.3
Mauritania−0.4−1.3−1.3−1.1−1.8−13.0−32.4−30.1−26.8−39.4
Morocco−4.3−9.3−7.9−7.7−7.1−4.6−9.7−7.6−6.8−5.8
Pakistan1−6.7−4.7−2.5−4.0−2.1−1.1−1.2−1.3
Sudan−2.1−5.8−5.8−4.5−4.1−3.9−9.2−8.6−6.5−6.3
Syrian Arab Republic−1.0−1.8
Tunisia−1.9−3.7−4.0−3.8−3.3−4.2−8.2−8.4−7.7−6.6
CCA13.412.68.37.43.54.53.21.91.60.7
Oil and Gas Exporters17.116.711.311.17.36.64.72.82.71.6
Azerbaijan13.515.012.511.38.928.021.817.014.610.4
Kazakhstan1.11.1−0.10.6−1.8−0.10.5−0.10.3−0.7
Turkmenistan0.60.0−1.2−0.9−0.21.70.0−2.9−1.9−0.3
Uzbekistan2.00.60.10.10.36.01.20.10.10.5
Oil and Gas Importers−3.8−4.1−3.0−3.7−3.8−11.8−10.3−7.0−8.4−8.1
Armenia−1.3−1.1−0.8−0.9−0.8−13.3−11.1−8.0−7.7−7.3
Georgia−1.8−1.9−1.0−1.3−1.4−15.1−11.7−5.9−8.4−7.9
Kyrgyz Republic−0.4−1.1−1.1−1.1−1.2−8.1−15.9−14.8−14.2−14.8
Tajikistan−0.3−0.1−0.1−0.4−0.3−5.6−1.5−1.4−4.7−3.6
Memorandum
MENA250.8422.7341.2279.3234.410.313.810.98.66.8
MENA Oil Importers−17.9−40.8−35.7−28.6−38.7−3.6−7.5−6.2−4.7−5.9
Arab Countries in Transition (excluding Libya)−12.0−28.6−23.8−17.0−26.5−3.0−6.1−4.8−3.2−4.5
GCC193.3387.3342.9304.6281.116.524.620.917.915.9
Non-GCC Oil Exporters75.476.334.13.3−8.09.78.13.70.3−0.8
Arab World220.5396.5313.8262.3227.510.814.911.49.27.5
West Bank and Gaza2−0.7−3.0−2.0−2.9−3.8−8.6−28.9−18.0−26.1−31.4
Sources: National authorities; and IMF staff estimates and projections.

Because of the ongoing IMF program with Pakistan, the series from which the nominal exchange rate assumptions can be calculated are not made public, as the nominal exchange rate is a market-sensitive issue in Pakistan.

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.

Because of the ongoing IMF program with Pakistan, the series from which the nominal exchange rate assumptions can be calculated are not made public, as the nominal exchange rate is a market-sensitive issue in Pakistan.

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
AverageProjectionsAverageProjections
2007–1120122013201420152007–112012201320142015
MENAP11.913.213.713.312.729.625.626.626.325.7
Oil Exporters14.015.716.215.714.727.422.323.422.621.6
Algeria33.234.834.233.531.63.51.81.61.31.1
Bahrain3.63.93.94.55.1130.8128.3134.3138.0142.0
Iran, Islamic Republic of10.417.017.316.515.35.91.91.81.61.4
Iraq9.89.711.411.110.268.427.926.125.324.0
Kuwait5.97.17.58.38.136.921.521.421.121.1
Libya47.544.248.334.325.89.46.88.511.38.8
Oman5.54.65.15.35.215.213.012.712.312.1
Qatar5.56.78.39.09.469.684.982.776.069.1
Saudi Arabia227.733.935.235.534.317.312.011.510.79.9
United Arab Emirates2.21.82.32.32.646.738.242.543.742.6
Yemen6.55.54.53.23.122.317.415.213.713.2
Oil Importers5.84.54.44.64.836.036.236.542.242.3
Afghanistan, Republic of4.56.97.17.27.313.76.56.15.95.8
Djibouti1.93.14.14.03.558.149.248.451.761.6
Egypt6.12.72.52.72.918.114.916.418.718.9
Jordan36.74.86.76.76.627.223.626.430.030.0
Lebanon49.311.911.911.611.5173.3168.2173.8176.4176.5
Mauritania1.12.93.12.93.294.4106.6108.689.488.2
Morocco6.34.24.34.54.624.529.831.132.933.2
Pakistan3.32.71.52.13.030.029.126.2
Sudan1.71.91.91.92.262.968.467.466.374.4
Syrian Arab Republic9.116.6
Tunisia4.54.03.34.04.248.753.854.055.860.5
CCA6.16.66.56.56.251.445.845.346.745.7
Oil and Gas Exporters6.87.57.47.47.150.943.643.344.743.7
Azerbaijan3,56.27.29.09.78.57.39.213.415.916.1
Kazakhstan5.85.54.85.05.083.567.364.269.767.8
Turkmenistan34.418.120.515.814.3
Uzbekistan311.214.514.213.212.414.613.012.913.013.4
Oil and Gas Importers3.33.33.43.13.155.865.765.265.064.9
Armenia4.74.45.44.84.551.174.981.578.278.5
Georgia3.43.73.33.03.152.963.762.364.063.5
Kyrgyz Republic33.93.74.23.73.783.879.374.275.474.4
Tajikistan0.81.41.11.01.147.646.243.241.943.1
Memorandum
MENA12.413.714.213.813.129.625.526.826.525.8
MENA Oil Importers6.34.84.95.05.139.040.341.843.543.6
Arab Countries in Transition (excluding Libya)6.03.83.83.94.024.122.523.625.525.7
GCC11.813.313.914.013.635.230.331.530.629.5
Non-GCC Oil Exporters18.921.822.520.418.116.28.98.98.37.8
Arab World12.613.514.013.713.034.329.030.130.029.2
West Bank and Gaza61.91.21.115.310.79.810.09.2
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.

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.

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)
AverageProjectionsAverageProjections
2007–1120122013201420152007–112012201320142015
MENAP16.514.815.913.112.216.714.113.413.213.4
Oil Exporters17.815.116.713.112.318.215.915.514.314.0
Algeria15.510.98.414.19.014.213.520.917.310.6
Bahrain15.84.18.210.74.920.56.26.66.24.9
Iran, Islamic Republic of22.330.029.122.222.921.314.724.625.024.3
Iraq30.34.116.03.74.837.261.714.07.013.0
Kuwait11.96.99.76.27.812.43.17.36.27.8
Libya25.313.26.94.03.513.330.420.74.63.5
Oman17.710.78.510.010.021.014.96.811.011.0
Qatar23.322.919.614.113.426.713.513.514.114.9
Saudi Arabia13.213.910.911.010.913.016.412.513.012.8
United Arab Emirates16.44.422.516.114.118.72.310.313.413.8
Yemen10.121.512.511.215.07.9−0.638.912.015.0
Oil Importers13.114.013.513.111.712.48.67.29.810.9
Afghanistan, Republic of31.08.811.912.49.430.64.312.87.28.1
Djibouti11.115.16.910.99.820.22.215.615.015.5
Egypt12.58.318.417.114.37.87.19.87.412.3
Jordan11.43.49.711.110.99.56.98.08.69.6
Lebanon113.87.99.08.08.017.410.59.67.46.9
Mauritania16.110.513.612.411.815.614.611.18.013.9
Morocco9.74.52.84.55.016.54.83.84.44.6
Pakistan13.220.915.912.511.69.13.9−0.611.412.0
Sudan18.740.313.019.116.315.434.123.228.021.9
Syrian Arab Republic11.725.0
Tunisia212.28.46.610.29.713.68.86.86.07.4
CCA28.616.215.616.315.926.519.822.817.815.2
Oil and Gas Exporters29.616.115.016.015.826.219.722.417.414.6
Azerbaijan33.720.615.412.220.037.120.827.68.411.3
Kazakhstan21.87.910.214.311.016.712.412.814.310.8
Turkmenistan45.135.632.420.121.257.047.050.045.035.0
Uzbekistan42.229.222.525.524.732.929.835.923.019.0
Oil and Gas Importers22.217.120.819.017.228.719.826.421.420.3
Armenia19.119.615.213.811.240.626.912.215.213.4
Georgia21.311.424.421.518.525.012.819.521.617.2
Kyrgyz Republic20.023.822.819.421.226.126.236.122.036.3
Tajikistan33.819.519.720.419.014.517.653.629.121.3
Memorandum
MENA16.714.415.913.112.217.214.914.513.413.5
MENA Oil Importers12.611.412.613.411.813.310.610.09.311.0
Arab Countries in Transition (excluding Libya)11.58.112.812.911.811.06.210.37.110.3
GCC15.011.414.412.011.516.110.811.112.312.5
Non-GCC Oil Exporters21.820.320.114.713.621.123.122.017.516.6
Arab World15.711.113.411.610.716.415.012.511.411.9
West Bank and Gaza38.34.32.912.111.63.013.910.0
Sources: National authorities; and IMF staff estimates and projections.

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

Broad money includes currency, demand deposits, quasi money, and long-term deposits. 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).

Broad money includes currency, demand deposits, quasi money, and long-term deposits. 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

(Pretax, percent)
Nonperforming Loans

(90-day basis, percent of total loans)
Dec 2011Dec 2012Dec 2013Dec 2011Dec 2012Dec 2013Dec 2011Dec 2012Dec 2013
MENAP
Oil Exporters
Algeria23.72.114.4
Bahrain19.919.319.21.21.21.64.95.85.6
Iran, Islamic Republic of117.615.4
Iraq
Kuwait18.518.018.91.11.21.07.35.23.6
Libya16.615.70.60.70.620.621.021.0
Oman15.916.016.21.81.81.62.22.12.1
Qatar20.618.916.02.72.42.11.71.71.9
Saudi Arabia17.618.217.92.12.12.02.21.91.3
United Arab Emirates220.021.219.31.52.02.07.28.47.3
Yemen324.329.626.41.51.21.521.225.521.7
Oil Importers
Afghanistan, Republic of
Djibouti9.411.71.01.39.411.4
Egypt4,515.615.913.01.00.81.010.910.09.1
Jordan19.319.018.41.11.11.28.57.77.0
Lebanon4,611.611.21.11.01.03.73.84.0
Mauritania735.229.232.41.21.42.039.225.720.4
Morocco11.712.31.11.04.85.05.8
Pakistan15.115.415.12.22.11.715.714.513.0
Sudan13.012.016.64.24.43.712.611.88.4
Syrian Arab Republic
Tunisia11.911.89.20.60.60.713.314.614.9
CCA
Armenia18.316.816.71.91.11.43.43.64.5
Azerbaijan14.716.818.1−1.10.71.56.05.74.5
Georgia825.625.325.22.91.02.64.63.73.1
Kazakhstan17.418.118.8−0.1−1.530.828.231.3
Kyrgyz Republic30.328.325.03.03.02.810.27.25.5
Tajikistan921.323.320.2−0.40.20.77.29.516.0
Turkmenistan19.445.32.62.60.00.0
Uzbekistan24.224.324.31.91.92.00.70.50.4
Memorandum:
West Bank and Gaza1024.522.720.71.91.81.92.83.12.9
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 December 2009 and data refer to end of fiscal year.

CAR according to Basel II in 2010 and Basel III from 2011 onwards.

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

Cumulative and annualized.

CAR: Tier 1 capital as percent of risk-weighted assets. ROA: 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 December 2009 and data refer to end of fiscal year.

CAR according to Basel II in 2010 and Basel III from 2011 onwards.

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

Cumulative and annualized.

CAR: Tier 1 capital as percent of risk-weighted assets. ROA: 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.

    Other Resources Citing This Publication