[MCDREO] Middle East and Central Asia Regional Economic Outlook (MCDREO)
Updated by provider on October 31, 2024 (12:00 AM).
Economic developments in the Middle East, North Africa, Afghanistan, and Pakistan (MENAP) continue to reflect the diversity of conditions prevailing across the region. Most high-income oil exporters, primarily in the GCC, continue to record steady growth and solid economic and financial fundamentals, albeit with medium-term challenges that need to be addressed. In contrast, other countries --Iraq, Libya, Syria -- mired in conflicts with not just humanitarian but also economic consequences. And yet other countries, mostly oil importers, are making continued but uneven progress in advancing their economic agenda, often in tandem with political transitions and amidst difficult social conditions. In most of these countries, without extensive economic and structural reforms, economic prospects for the medium term remain insufficient to reduce high unemployment and improve living standards. Economic activity in the Caucasus and Central Asia (CCA) region is weakening, mainly because of the near-term slowdown and rising regional tensions affecting Russia, a key trading partner and sources of remittance and investment inflows, as well as weaker domestic demand in a number of CCA countries. Near-term risks are to the downside and tied to the fortunes of large trading partners. Policies need to focus on bolstering economic stability and, where needed, short-term support to ailing economic growth. In addition, a new model for high, sustained, diversified, and inclusive growth is needed to set the direction for economic policies for the next decade.
[FREQ] Frequency
- [A] Annual
[REF_AREA] Reference Area
- [1C_2001] ME&CA Emerging Market and Middle-Income Countries
- [1C_2004] MECA_EMMI
- [1C_2011] ME&CA Low-Income Developing Countries
- [1C_2014] MECA_LIC
- [1C_400] ME&CA
- [1C_440] MENA, Afghanistan, Pakistan
- [1C_4400] ME&CA Oil Exporters
- [1C_4402] MENAP oil importers
- [1C_441] MENA
- [1C_4412] MENA oil exporters
- [1C_4413] MENA oil importers
- [1C_4414] MENA emerging markets and middle-income countries
- [1C_4415] MENA low-income developing countries
- [1C_4425] MENA_EMMI
- [1C_4427] MENA_LIC
- [1C_450] GCC
- [1C_489] Arab World
- [1C_4892] Arab World oil exporters
- [1C_4923] Fragile and conflict-affected states
- [1C_4926] CONFLICTAFFECTED_STATES
- [1C_4936] MENA excl. fragile and clonflict-affected states
- [1C_4943] MENA oil exporters excl. conflic-affected states and Iran
- [1C_500] North Africa
- [1C_949] CCA
- [1C_9491] CCA oil and gas exporters
- [1C_9492] CCA oil and gas importers
- [1C_9493] CCA emerging markets and middle-income countries
- [1C_9494] CCA low-income developing countries
- [AE] United Arab Emirates
- [AF] Afghanistan
- [AM] Armenia
- [AZ] Azerbaijan
- [BH] Bahrain
- [DJ] Djibouti
- [DZ] Algeria
- [EG] Egypt
- [GE] Georgia
- [IQ] Iraq
- [IR] Iran, Islamic Republic of
- [JO] Jordan
- [KG] Kyrgyzstan
- [KW] Kuwait
- [KZ] Kazakhstan
- [LB] Lebanon
- [LY] Libya
- [MA] Morocco
- [MR] Mauritania
- [OM] Oman
- [PK] Pakistan
- [PS] Palestine, State of
- [QA] Qatar
- [SA] Saudi Arabia
- [SD] Sudan
- [SO] Somalia
- [SY] Syrian Arab Republic
- [TJ] Tajikistan
- [TM] Turkmenistan
- [TN] Tunisia
- [UZ] Uzbekistan
- [YE] Yemen
[INDICATOR] Indicator
- [BCA_GDP_GDP_PT] Current account balance, in percent of GDP
- [BCA_USD] Balance on Current Account, US Dollars
- [BM_USD] Imports of goods and services, billions of US dollars
- [BX_USD] Exports of goods and services, billions of US dollars
- [D_GDP_GDP_PT] Total external debt, in percent of GDP
- [FAFAR_BM_MH] Gross official reserves, Cent bank, in months of next year's imports of goods and services, Months
- [FAFAR_USD] Gross international reserves, Central Bank, billions of US Dollars
- [FMB_PCH_PT] Broad money, percent change
- [GCXCNL_GDP_GDP_PT] Central government net lending/borrowing (central govt fiscal balance), in percent of GDP
- [GGD_GDP_GDP_PT] Total government debt, Gen govt, percent of GDP
- [GGRXG_GDP_GDP_PT] Total revenue Excl. grants, Gen govt, percent of GDP
- [GGRXO_GDPXO_PT] Non-oil revenue, Gen govt, in percent of Non-oil GDP
- [GGXOFBXO_GDPXO] Overall non-oil fiscal balance, General Government
- [GGXOFB_GDP] Overal fiscal balance, General government, percent of GDP
- [NGDPD_USD] Gross domestic product, current prices, billions of US dollars
- [NGDPMG] Gas production, millions of barrels per day equivalent
- [NGDPMO_MBD] Crude oil production, millions of barrels per day
- [NGDPO_R_PCH_PT] Oil real GDP growth, constant prices, percent change
- [NGDPXO_R_PCH_PT] Non-Oil real GDP growth, constant prices, percent change
- [NGDP_R_PCH_PT] Gross domestic product, constant prices, percent change
- [NXGOC_MBD] Crude oil exports, millions of barrels per day
- [NXGOG] Gas and condensates exports, millions of barrels per day equivalent
- [PCPICORE_PCH_PT] Core consumer price inflation, percent change, period average
- [PCPI_PCH_PT] Consumer price inflation, percent change, year average
- [PZPIOILBE_B_USD] Breakeven external oil price, US dollars per barrel
- [PZPIOILBE_G_USD] Breakeven fiscal oil price, US dollars per barrel
Geographic Coverage: Middle East and Central Asia
Code: MCDREO
Temporal Coverage: Annual data.
Methodology: MCD REO follows WEO methodology.
Number of time series: 1095
Number of observations: 26769
This dataset has 1,095 series:
- from
- 2000=-1.352
- to
- 2025=-3.104
- min:
- -6.381
- max:
- 1.224
- avg:
- -3.426
- σ:
- 2.112
- from
- 2000=-7.141
- to
- 2025=-33.935
- min:
- -58.869
- max:
- 0.5
- avg:
- -30.479
- σ:
- 18.931
- from
- 2000=81.208
- to
- 2025=359.791
- min:
- 80.857
- max:
- 382.495
- avg:
- 237.072
- σ:
- 87.918
- from
- 2000=60.374
- to
- 2025=264.576
- min:
- 60.374
- max:
- 264.576
- avg:
- 165.643
- σ:
- 57.393
- from
- 2000=44.437
- to
- 2025=52.605
- min:
- 31.952
- max:
- 59.849
- avg:
- 43.615
- σ:
- 9.448
- from
- 2000=4.818
- to
- 2025=4.666
- min:
- 4.095
- max:
- 6.43
- avg:
- 5.227
- σ:
- 0.698
- from
- 2000=26.738
- to
- 2025=144.268
- min:
- 26.738
- max:
- 144.268
- avg:
- 102.232
- σ:
- 35.827
- from
- 2000=10.88
- to
- 2025=16.001
- min:
- 9.215
- max:
- 30.49
- avg:
- 14.619
- σ:
- 4.681
- from
- 2000=-3.031
- to
- 2025=-6.818
- min:
- -8.925
- max:
- -3.031
- avg:
- -6.044
- σ:
- 1.557
- from
- 2000=72.048
- to
- 2025=76.105
- min:
- 55.209
- max:
- 84.69
- avg:
- 71.469
- σ:
- 8.547
Series code | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
[A.1C_2001.BCA_GDP_GDP_PT] | -1.35158962 | -0.18991186 | 1.22399955 | 0.98758843 | -0.69006081 | -1.49130643 | -2.11655548 | -2.56525939 | -4.7906188 | -5.1517048 | -4.12189805 | -4.3389166 | -6.04046088 | -4.89762864 | -4.28883694 | -4.13966522 | -5.54773687 | -6.38061539 | -6.30070607 | -5.34028273 | -3.16683944 | -3.60541128 | -4.94034861 | -2.27723689 | -4.45781168 | -3.10418448 |
[A.1C_2001.BCA_USD] | -7.14100618067331 | -3.99653958883537 | 0.500481457000105 | -0.407122165085193 | -2.64901283442884 | -6.2751795086732 | -10.0847413790243 | -14.2707099191833 | -31.4590344821475 | -34.6810383694697 | -30.1234140268695 | -32.2114334898538 | -49.1482097101494 | -41.6148455693527 | -38.2144372018921 | -38.6877388321867 | -52.8971790199959 | -56.5057886678785 | -58.8687425962193 | -50.9267669631032 | -30.3786117901689 | -38.8649615162414 | -57.3734423866609 | -24.4122738046115 | -47.8233566798467 | -33.9348568984056 |
[A.1C_2001.BM_USD] | 81.2083053845433 | 84.0556530252633 | 80.8568810966418 | 94.1528056531459 | 117.255144686533 | 142.267571295538 | 166.177987375091 | 203.702691402503 | 267.672184513638 | 235.233513014549 | 243.607249693851 | 252.335035312948 | 268.557754531822 | 272.50161114675 | 277.420296592287 | 261.043154304327 | 257.795108502978 | 278.23624477705 | 304.194631636753 | 299.61493834751 | 249.326336789331 | 297.204705990059 | 382.49492374129 | 337.208459185096 | 349.95054419167 | 359.790615560186 |
[A.1C_2001.BX_USD] | 60.3736758248692 | 64.8805046934485 | 66.9205911704932 | 79.9050301496455 | 95.7593890421425 | 112.904799977229 | 128.966069972819 | 156.313982274875 | 197.505007587219 | 170.456994555795 | 183.816223448422 | 185.170813016415 | 178.031514307932 | 185.300343408777 | 179.134021002472 | 170.316891161903 | 158.24175194195 | 169.464632643443 | 191.833633725406 | 199.061263319089 | 160.661459834159 | 183.653132317138 | 252.434752694661 | 258.943094697816 | 252.088875140207 | 264.576004164829 |
[A.1C_2001.D_GDP_GDP_PT] | 44.43672866 | 44.77906315 | 44.11489278 | 42.65862672 | 45.76902998 | 38.85126098 | 36.16925336 | 33.52978435 | 31.95234947 | 33.38703461 | 33.7839 | 34.84645453 | 33.12073094 | 34.41314154 | 35.10416345 | 34.13300067 | 37.68492198 | 47.67755094 | 49.17318323 | 58.80669094 | 59.84927395 | 54.32775072 | 58.69261828 | 56.47971755 | 57.63703528 | 52.6046899 |
[A.1C_2001.FAFAR_BM_MH] | 4.81754922 | 5.6876741 | 6.01164522 | 6.42999684 | 5.78766554 | 4.45578493 | 5.20364942 | 4.81084641 | 5.93249537 | 6.35243968 | 6.15114112 | 5.26649668 | 4.32318388 | 4.34522659 | 4.9227164 | 5.38280156 | 5.24260502 | 5.37361358 | 5.40792013 | 6.34959631 | 5.50472018 | 4.4603376 | 4.27990737 | 4.09549676 | 4.63540086 | 4.66635315 |
[A.1C_2001.FAFAR_USD] | 26.737877724952 | 30.5259568607181 | 36.2176966032048 | 47.9075329285479 | 62.3490246264313 | 57.1511654657882 | 81.5009531675519 | 99.3202812185293 | 107.922108891775 | 118.163241175214 | 129.345700940707 | 117.863210153224 | 98.1728811428713 | 100.454504186768 | 107.08678481854 | 115.638326104107 | 121.556894441657 | 136.218700302297 | 135.024471463595 | 131.926799020341 | 136.33572845312 | 142.171374213205 | 120.268414254188 | 119.435110019567 | 134.481136736719 | 144.267810653312 |
[A.1C_2001.FMB_PCH_PT] | 10.87980669 | 14.03252965 | 13.70935786 | 14.20699957 | 14.65851707 | 15.6018349 | 14.83843815 | 17.76586637 | 14.49484157 | 9.78052004 | 10.86691707 | 11.22330894 | 9.47805367 | 13.80870453 | 12.26530109 | 12.2599377 | 13.40956759 | 21.11221745 | 11.09627823 | 9.21503695 | 14.21414865 | 13.61895465 | 15.73532785 | 25.33159388 | 30.49007895 | 16.00077027 |
[A.1C_2001.GCXCNL_GDP_GDP_PT] | -3.03121153 | -3.06790035 | -5.17028222 | -4.39921925 | -4.13353357 | -5.15080459 | -4.60720384 | -4.14576693 | -4.62527901 | -4.85832712 | -5.99400401 | -7.59671868 | -8.35723486 | -8.9248452 | -7.65574171 | -7.43013471 | -7.60780562 | -6.42725478 | -6.54443639 | -7.07710118 | -7.45270256 | -6.61835248 | -6.74549744 | -6.29238578 | -6.42201181 | -6.81841049 |
[A.1C_2001.GGD_GDP_GDP_PT] | 72.04814713 | 71.19927156 | 73.30319344 | 72.27384449 | 72.1787573 | 67.33356638 | 62.21041202 | 57.34933956 | 55.208784 | 58.2337527 | 58.97838475 | 62.86817416 | 64.13993481 | 68.81056396 | 69.78930498 | 71.87807504 | 76.3952548 | 76.44060032 | 75.67068672 | 78.86175157 | 82.38085305 | 84.69045629 | 83.67143503 | 84.40215084 | 81.76386722 | 76.10478628 |
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