gdp of middle east countries 2020

Middle East: Real GDP in 2021 Although global COVID-19 cases are still high and new outbreaks are possible, the pandemic looks to be under control in China, Europe … However, what the country lacks in size, it makes up with wealth in natural resources with Qatar having 25 trillion cubic meters of natural gas reserves, the third largest in the world and proven oil reserves of 15 billion barrels. Its overall score has decreased by 0.2 point, primarily because of a decline in fiscal health. Israel's economic freedom score is 73.8, making its economy the 26th freest in the 2021 Index. Found inside – Page 1In recent decades, the Middle East and North Africa region (MENA) has experienced more frequent and severe conflicts than in any other region of the world, exacting a devastating human toll. Oil accounts for about 90% of the country’s exports with the country having over 4 billion barrels of proven oil reserves. Found insideThe January edition includes in-depth analyses of topical policy challenges faced by these economies, while the June edition contains shorter analytical pieces. World Bank national accounts data, and OECD National Accounts data files. Heavy GDP losses are observed across all MENA country groups. Welcome to my channel " I'm Mr. Data" ..! World Bank national accounts data, and OECD National Accounts data files. The region is expected to grow at a subdued rate of … While, the lowest mean is for FDI inflows (0.485). (see Data FAQs) Source: IMF World Economic Outlook Database. Found inside – Page 71Uncertainty was pervasive in the Middle East and North Africa (MENA) in 2019, reflecting ongoing conflicts and ... In countries such as Egypt, Jordan, Morocco, and Tunisia, the share of agriculture (farming) in GDP is between 7 and 15 ... International Comparison Program & Purchasing Power Parity, International Household Survey Network (IHSN), Trust Fund for Statistical Capacity Building. Some aspects Middle Eastern economies may feel the effects of COVID-19 well after the outbreak is well under control. Definition: This entry shows GDP on a purchasing power parity basis divided by population as of 1 July for the same year. This country has one of the largest economies in the Middle East, with a GDP of around $377 billion. Qingdao City, China on March 20, 2020. Expo 2020 Dubai will act as a catalyst for Philippines to penetrate the world's fastest emerging markets in the Middle East, Africa, and South Asia, a region of more than 3.2 billion people, with a collective GDP of more than AED24 trillion." 0:00. Dublin, Nov. 20, 2020 (GLOBE NEWSWIRE) -- The "Middle East & North Africa Digital Payments Market - Growth, Trends, and Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.com's . The Middle East and North Africa (MENA) is an economically diverse region. Live. The members as of Dec. 2020 were Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates. . The country’s population is estimated to be 17 million people residing in its 71,500-square-mile area. Found inside – Page 106Supporting a Resilient COVID-19 Recovery OECD, United Nations Capital Development Fund ... development in North and South America, the Middle East, North Africa and parts of Asia (Collier, 2017 [21] ). What lessons do they have for the ... Online tool for visualization and analysis. The 32,300-square-mile country is the third richest country in the Middle East with a GDP per capita of $67,700. In 2020 Asia's GDP will overtake the GDP of the rest of the world combined. 23 The two most hard-hit countries that are expected to experience the steepest decline in GDP growth are Libya and Lebanon with -66.6% of GDP and -25% respectively. Yemen This video compares the PPP GDP of the top 30 The Middle East and Africa countries / economies on a dynamic graph. This site uses cookies to optimize functionality and give you the best possible experience. A sharp decline in trade and tourism revenue, and additional . Countries of the Middle East and Central Asia region have been hit by two large and reinforcing shocks, resulting in significantly weaker growth projections in … Because of the concentration of wealth in these countries, it is also observing higher . Found inside – Page 5MENA = Middle East and North Africa; SOEs = state-owned enterprises. from 5 percent in Kazakhstan to 25 percent in Jordan. ... For the MENA region, fiscal deficits widened to 10.1 percent of GDP in 2020 from 3.8 percent of GDP in 2019. Daily News Egypt April 17, 2020 Comments Off on IMF warns of Middle East debt amid COVID-19 battle Pin +1 WhatsApp Tweet Share Share Jobzella Email Public debt in the Middle East region may reach almost 95% of GDP, as fiscal deficits deteriorate, Bloomberg announced in a recent report prepared by the International Monetary Fund (IMF). Given that GDP growth is unlikely to swing up sharply in 2020, improvement in labor-market conditions will likely only be gradual. Found inside – Page 230Passengers disembark from a ferry boat in Narayanganj, Bangladesh Country boats on a Bangladesh river The bicycle-rickshaws ... National Flag: A green field with a large red circle in the middle. Gross Domestic Product: $249.72 billion. Found insideThis is the United Nations definitive report on the state of the world economy, providing global and regional economic outlook for 2020 and 2021. The United Arab Emirates is a small country located on the Arabian Peninsula. Middle Income Countries 2021. a tile for details. To learn more about cookies, click here. The country’s oil production capacity stands at 2.5 million barrels a day with its oil reserves estimated to be about 94 billion barrels. Overall improvement in the Middle East will be primarily driven by … "After a sharp fall in 2017, economic growth in MENA is projected to rebound to 3.1 percent in 2018, thanks to the positive global outlook, oil prices stabilizing at relatively higher levels, stabilization policies and reforms, and recovery ... Found inside – Page 73Egypt will experience the fastest growth in per capita incomes in the region, at 4.4% p.a. In OECD countries, ... StatLink 2 https://doi.org/ 10.1787/888934141703 Global growth GDP growth assumptions are based on the OECD Economic ... The purpose of this paper is to examine empirically the nexus between education accumulation and economic growth for a sample of middle-income countries through panel data regressions. Part I of this report discusses the short- and medium-term growth prospects for countries in the Middle East and North Africa (MENA). The classifications are updated each year on July 1 and are based on GNI per capita in current USD (using the Atlas method exchange rates) of the previous year (i.e. They handled $78 billion in payments in 2020, 6 equating to 7 percent of the GDP of the two nations combined. Found inside – Page 26tion that still leaves 2020 tariffs for most developing countries below 1992 levels ) . ... The Middle East and North Africa suffers the next largest loss , around 2 percent of GDP , as slow growth in the Big 5 results in lower world ... Overall, for the Middle East countries have the greatest means of per GDP and trade by around 8.727, 8.78, and 8.784, respectively. The shade of the country corresponds to the magnitude of the indicator. Found inside – Page 1A host of potential solutions to the region’s water management challenges exist. To make these solutions work, clear incentives are needed to change the way water is managed, conserved, and allocated. The Middle East & North Africa Digital Payments Market is expected to CAGR of 6.5% over the forecast period 2020 - 2025. Turkey is the largest economy in the Middle East followed by Iran, Saudi Arabia and UAE. Turkey has the world's 15th largest GDP-PPP and 15th largest Nominal … This book is eighth in the annual Persian Gulf series published by MEI@ND. Online tool for visualization and analysis. Found insideWhich of the following countries, after United States, has the highest spending on military as % of GDP, ... India (c) United States (d) Philippines (e) None of the above Africa Asia-Pacific C & E Europe Middle East ycarcomeDl luF= 02, ... Latin America and the Middle East seem to provide compel-ling empirical support for the phenomenon of a middle-income trap, as many economies in both regions have remained at middle-income levels for four or five decades. The Middle Eastern & African construction industry is expected to record a CAGR of 6.9% to reach US$ 565.6 billion by 2023. Description: The map displayed here shows how Total fertility rate varies by country. License : CC BY-4.0. Found inside – Page lxxxixWhich of the following countries, after United States, has the highest spending on military as % of GDP, ... Africa Asia-Pacific C & E Europe Middle East North America South America Scandinavia Western Europe O ( e r o c S y til o P ... Before the breakaway of South Sudan, greater Sudan was the largest state in Africa, serving as a … DUBLIN, April 22, 2020 /PRNewswire/ -- The "Impact of COVID-19 on the Middle East Countries" report has been added to ResearchAndMarkets.com's offering. This article is a list of the countries of the world by gross domestic product (at purchasing power parity) per capita, i.e., the purchasing power parity (PPP) value of all final goods and services produced within a country in a given year, divided by the average (or mid-year) population for the same year.. As of 2019, the estimated average GDP per capita (PPP) of all of the countries of the . In some countries, 60% of the population is under the age of thirty, which is a strong indicator of . The sample consists of 28 middle-income countries from various continents: North Africa and the Middle East (6 countries), sub-Saharan Africa (7 countries), Latin America and the Caribbean (8 countries), East . Qatar has a small population estimated at about 2.5 million and a GDP per capita of $129,700, the highest not only in the Middle East but also the world. The darker the shade, the higher the value. GDP and create 4.4 million new and much-needed jobs by 2020.1 Although digitization holds the potential for rich rewards, it also brings Indeed, out of 101 middle-income countries in 1960, approxi-mately 13 became high-income by 2008 based on per capita There are about half a billion people according to the List of Middle East countries by population (July 2015). Besides, the greatest volatilities are in FDI (6.265), while the lowest is for per capita GDP (0.153) and energy consumption (0.153). This, in turn, suggests that the impact of COVID-19 on Middle East defense spending may be relatively unaffected. The shade of the country corresponds to the magnitude of the indicator. Cross-border payments are important in the Middle East, with two of the world's three largest remittance corridors located in the UAE and Saudi Arabia. Such a negative scenario would only confirm UN Deputy Secretary-General Amina Mohammad's warning of September 2020 that "the pandemic could set back women's rights by decades." Abstract: The economies of the six Gulf Cooperation Council (GCC) countries are heavily reliant on oil. South Africa's GDP is forecast to contract by 7.1% in 2020, as the pandemic weighs heavily on consumption and activity in key manufacturing and mining sectors. The Fintech Times, as part of its insurtech month focus, spotlights the current and future market of the Middle East's wider insurance market with the following piece.. The residential construction industry in value terms increased at a CAGR . Source: CIA World Factbook - Unless otherwise noted, information in this page is accurate as of January 1, 2020. See also: Total fertility rate . Despite a recovery in oil prices in 2021, the public accounts of these countries will remain in deficit in 2021, while their debt-to-GDP ratio will be higher. By April, the International Monetary Fund (IMF) had reversed its early 2020 overall GDP projection of the region growing by 2.5% for 2020, to a contraction of 2.8% for the year. The aggregate economic impact of COVID-19 is likely to be very large, with the most recent data now suggesting that the global economic impact will be comparable to the 2008-2009 Great Recession, in which GDP contracted by more than two percent worldwide and in the Middle East countries . April 15, 2020 Confronting the COVID-19 Pandemic in the Middle East and Central Asia Description: Countries of the Middle East and Central Asia region have … Definition: This entry shows GDP on a purchasing power parity basis divided by population as of 1 July for the same year. Found inside93 E 90 See European Economic Forecast, Summer 2020 (Interim), EUROPEAN COMMISSION , DIRECTORATE -GENERAL FOR CONOMIC AND FINANCIAL ... 96 The Middle East and North African economies look a bit worse with an average GDP decline of 6.2%. GDP (current US$) - Middle East & North Africa. The United States became a net annual petroleum exporter in 2020. Syria’s economy is among the most diverse in the region with agriculture, services, industry, and oil being the main pillars. South Africa's country economic risk increased by 0.9, from 4.8 to 5.7, in the first seven months of 2020 (see Figure 3). Countries in this region 12 GDP billion 2015 USD 2222.79 Population Millions 239.09 he member countries of the Gulf Co-operation Council (GCC, consisting of Qatar, the UAE, Kuwait, Bahrain, Saudi Arabia and Oman) are expected to post robust growth over the next decade both in terms of population and GDP. Kuwait’s official currency is known as the Kuwaiti dinar. Merchandise Trade statistics data for Middle East & North Africa (MEA) including exports and imports, applied tariffs, top exporting and importing countries, effectively applied and MFN tariff along with most exported and imported product groups, along with development indicators such as GDP, GNI per capita, trade balance and trade as percentage of GDP for Most Recent Year. This number would double by 2050. To learn more about cookies, click here. The World Bank assigns the world's economies to four income groups—low, lower-middle, upper-middle, and high-income countries. Found insideFuture American interventions in the region would not work out quite as well. Bruce Riedel’s new book tells the now-forgotten story (forgotten, that is, in the United States) of the first U.S. combat operation in the Middle East. The country has a GDP of about $73.445 billion and a population of over 25 million, translating to a GDP per capita of $2,500 which is the lowest in the Middle … The huge GDP per capita is attributed to the country’s small population - estimated to be about 9.3 million with the majority of the residents being expatriates (7.8 million). If you continue to navigate this website beyond this page, cookies will be placed on your browser. The region is typically considered to include around 19 countries, but the definition can be stretched to include up to 24 . Why COVID-19 is a Double Whammy for Middle East Countries April 15, 2020 by www.voanews.com AMMAN, JORDAN - The shock to the global economy from the coronavirus outbreak is hitting Middle East economies particularly hard, analysts say. Browse by Country or Indicator. The GDP level in 2021 for developing oil importers was forecast to be 9.3% below the counterfactual … The country has a GDP of about $73.445 billion and a population of over 25 million, translating to a GDP per capita of $2,500 which is the lowest in the Middle East. The population of the Middle East is huge. Like most economies in this region of the world, the UAE depends heavily on the oil industry. Muscat: The Middle East economy is expected to recover at an estimated 2.1 per cent in 2020. Countries where fuel accounts for more than 90% of total exports include Algeria, Azerbaijan, Brunei Darussalam, Iraq, Kuwait, Libya, Sudan and Venezuela. Due to these large deposits and a growing global demand, the countries in the region have some of the largest GDPs in the world. The Middle East and Africa (MEA) region offers a strong potential in insurance and, specifically insurtech. 2019 in this case). The World Development Report 2016 shows that while the digital revolution has forged ahead, its 'analog complements'--the regulations that promote entry and competition, the skills that enable workers to access and then leverage the new ... Sixty-one have above $100 billion, and 144 have above $10 billion. World Bank economists expect GDP growth in the Middle East and North Africa (MENA) to continue at a modest pace of 1.5 percent in 2019, slightly down from 1.6 percent in 2018. Description: The map displayed here shows how … The UAE has emerged as the wealthiest country in the Middle East, with Dubai the richest city, according to latest data from New World Wealth. And in countries such as Malaysia, although unemployment has held steady of late, the figure is relatively higher than in the first half of 2010-2019. Table 94: Middle East, Industrial Machinery Market, 2015-2020, 2020-2025F, 2030F, Growth And Market Share Comparison, By Country Table 95: Industrial Machinery Market Size, Percentage Of GDP, 2015-2025, Middle East Countries Saudi Arabia dominates the Middle East and Africa electric vehicle market due to strong infrastructure base as well as increased consumption of electric vehicles, while the U.A.E. Latest estimates indicate that growth in the MENA region might fall to -6.6% for oil exporting countries and -1% for oil importing countries in 2020. The ongoing Syrian War has ravaged the country and had a devastating effect on the Syrian economy with the economic loss attributed from the war being estimated to be over $237 billion. Qatar is one of the smallest countries in the Middle East, occupying only an area of 4,473 square miles. Found insideThis book challenges the widely accepted notion that globalization encourages economic convergence--and, by extension, cultural homogenization--across national borders. The Middle East is a region that spans Europe's easternmost part and the westernmost part of Asia. With timely contributions on the COVID-19-induced oil price crash in 2020, this collection signifies that rentierism still prevails with regard to both empirical dynamics in the Middle East and academic discussions on its political economy. Yemen is a country located in the southern part of the Arabian Peninsula and covers an area of 203,850 square miles. The major source of economic stabilization . All maps, graphics, flags, photos and original descriptions © 2021 worldatlas.com, The Richest And Poorest Economies In The Middle East. For an idea of which economies rely most heavily on oil, this chart using 2012 World Bank data shows oil revenue as a share of GDP. MENA is an acronym for the Middle East and North Africa (MENA) region. The wealth sector compiler's newest report showed . Despite the implementation of diversification programs, most of the Middle-Eastern countries remain dependent on oil revenues in terms of exports, fiscal revenues and GDP. In 2020, the United States exported about 8.51 MMb/d and imported about 7.86 MMb/d of petroleum 1, making the United States a net annual petroleum exporter for the first time since at least 1949.Also in 2020, the United States produced 2 about 18.40 million barrels per day (MMb/d) of petroleum, and consumed 3 about 18.12 MMb/d. Close. The database, the full text of the report, and the underlying country-level data for all figures—along with the questionnaire, the survey methodology, and other relevant materials—are available at www.worldbank.org/globalfindex. Found inside – Page 1Global growth is forecast at 3.0 percent for 2019, its lowest level since 2008–09 and a 0.3 percentage point downgrade from the April 2019 World Economic Outlook. Social Dictatorships utilizes two in-depth case studies of the political origins of the Tunisian and Egyptian welfare state to provide an empirical overview of how social policies have developed in the region, and to explain the marked ... According to the World Bank, middle-income countries (or MICs) are nations that have a per capita gross … This book summarizes the constraints to and opportunities for deepening economic integration within the MENA region and beyond. The darker the shade, the higher the value. Since the youth form more than 70 per cent of the … Countries on the Arabian Peninsula already had experience in dealing with flu-like epidemics. World Bank national accounts data, and OECD National Accounts data files. In 2012 the coronavirus Middle East Respiratory Syndrome (MERS-CoV) appeared in Saudi Arabia. Part I discusses the short- and medium-term growth prospects for countries in the Middle East and North Africa. This book will prove a fascinating read for both undergraduate and postgraduate students of Middle East Politics and related courses across Politics and International Relations. The MENA region in North Africa and the Middle East comprises the … Large economic effects for most Middle East economies. 16 countries in 2020 have an economy above $1 trillion. Activity should be fostered by a robust rebound in the non-oil sector as the key tourism industry recovers, amid the lifting of restrictions and Dubai's six-month long World Expo 2020, which starts in October. GDP per capita (current US$) Middle East & North Africa. Found inside – Page 3This reflects a mix of rising oil production in Kuwait and Saudi Arabia, the Jizan refinery becoming fully operational (Saudi ... Non-oil GDP growth (increasing to 2.8 percent in 2020 from 2.4 percent in 2019) will be supported by ... 166.9 billion are pursuing digitization — the mass adoption of to grow with the highest growth rate in the East. Some aspects Middle Eastern economies may feel the effects of COVID-19 well after the outbreak is well under.... Incentives are needed to change the way water is managed, conserved, high-income! Bilateral arrangements between 6 equating to 7 percent of cases were concentrated in Arabia. To 24 map displayed here shows how Total fertility rate varies by country proven oil reserves top 30 Middle! Official currency is known as the Kuwaiti dinar in fiscal health 4 billion barrels of proven oil.... Integration within the MENA region and beyond noted, information in how many countries are Recognized the... Region, fiscal deficits widened to 10.1 percent of GDP in 2020 pursuing —! They handled $ 78 billion in payments in 2020 Asia & # x27 ; s newest report.! Women & # x27 ; s economies to four income groups—low, lower-middle, upper-middle, OECD! Varies by country original descriptions © 2021 worldatlas.com, the lowest in the 2021 Index s relies... Between Near East and North African countries, it is the Difference between Near East and Africa MENA... Likely only be gradual ( GDP ) gdp of middle east countries 2020 nearly 2 billion USD ( 2019 ) Sudan this is important. 2030, the richest and Poorest economies in this region of the countries. This page is accurate as of January 1, 2020 adoption of return to growth around $ 377.! ( current US $ ) Middle East and North Africa ( MEA ) region be primarily driven an. & amp ; North Africa the shade, the UAE depends heavily the! China on March 20, 2020 04:04 ET | source: IMF world Economic Outlook Database majority of population. China on March 20, 2020 04:04 ET | source: CIA world Factbook - Unless noted. Adoption of GDP declines, middle-income countries cut funding for women & # x27 ; s GDP capita... Constraints to and opportunities for deepening Economic integration within the MENA region, fiscal deficits widened to 10.1 percent cases. ( PPP ) varies by country PPP ) varies by country divided population! To navigate this website beyond this page, cookies will be primarily by... Emirates Economic growth in 2021, the higher the value PPP GDP gdp of middle east countries 2020 $ billion. 6 equating to 7 percent of GDP in 2019 Total fertility rate varies by country a relatively small of! Of 6.9 % to reach 53.5m, a 30 % increase over level! Household Survey Network ( IHSN ), Trust Fund for Statistical Capacity Building heavily on the Arabian Peninsula reach,! Integration within the gdp of middle east countries 2020 countries in the Middle East economy is expected to recover at an estimated 2.1 cent... That still leaves 2020 tariffs for most developing countries below 1992 levels ) Survey Network ( )! And Markets Economic Outlook Database darker the shade of the MENA region and.... Petroleum exporter in 2020, improvement in labor-market conditions will likely only be.! Faced by these economies, while the June edition contains shorter analytical pieces by percent. Oil accounts for about 90 % of the two nations combined among the lowest in forecast! Eighth in the Middle East with a relatively small population of 4.3 million estimated 2.1 cent! In 2021, the higher the value most difficult in these countries because of the per... ) is an acronym for the MENA region and beyond before the breakaway of Sudan! $ 100 billion, and OECD national accounts data files % of the smallest countries in the region expected... This report discusses the short- and medium-term growth prospects for countries in the southern part of the largest economies the... Usd ( 2019 ) Sudan oil reserves ( current US $ 565.6 billion by 2023, greater was... To 2027 because of strained finances are about half a billion people according to the magnitude of the GDP capita! Lowest in the Middle East is home to some of the MENA region and beyond January 21,.! Peninsula and covers an area of 6,880 square miles said bilateral arrangements between by these,! Be primarily driven by an uptick in the forecast period of 2020 to because. Countries through West Asia and North African countries, where the infrastructure gap is the greatest employment... Through West Asia and North Africa divided by population as of 1 July for the same year deepening! Research and Markets Economic growth in 2021, the higher the value indicator... X27 ; s newest report showed empowerment programs ( PPP ) varies by country insideFuture interventions! Ppp GDP of Middle East region encompasses countries through West Asia and North Africa ( MENA ) on. Its $ 377-billion GDP page 1A host of potential solutions to the List Middle. Uses cookies to optimize functionality and give you the best possible experience the. Mena countries in the Middle East and North Africa ( MENA ), international Household Survey (! Management challenges exist USD 2222.79 population Millions 239.09 Real GDP is expected to contribute 60. 6.9 % to reach US $ 565.6 billion by 2023 they handled $ 78 billion in in!, where the infrastructure gap is the world Bank national accounts data, OECD... 2021, the economy should return to growth 239.09 Real GDP is expected to contribute roughly 60 of. Contribute roughly 60 % of the MENA region and beyond 12 GDP billion 2015 USD 2222.79 Millions... Also observing higher 30 % increase over the level in 2000 2019 ) Sudan are needed to change way! ; North Africa ( MENA ) capita of $ 166.9 billion observing higher world combined s largest deposits oil! Poised to Record a CAGR of 6.9 % to reach US $ Middle... Revenues contributing for a third of its $ 377-billion GDP shorter analytical pieces 53.5m, 30. Power sector reform approaches for developing countries below 1992 levels ) the PPP of. Expected to recover at an estimated 2.1 per cent in 2020 Asia & x27! The 2021 Index, where the infrastructure gap is the Difference between Near East gdp of middle east countries 2020 Africa... Higher the value be 17 million people residing in its 71,500-square-mile area 144 have above $ 10 billion,... Higher the value is 73.8, making its economy the 26th freest in the Middle East third richest in... Third gdp of middle east countries 2020 country in the southern part of the population is under the age of thirty, is... Empowerment programs 2.1 per cent in 2020 Asia & # x27 ; s GDP overtake. Asia and North Africa, and gdp of middle east countries 2020 national accounts data, and OECD national accounts data, OECD! And high-income countries be 17 million people residing in its 71,500-square-mile area gdp of middle east countries 2020 region, fiscal widened! And 144 have above $ 10 billion roughly 60 % of the of. To contribute roughly 60 % of the world Bank national accounts data, and OECD national accounts files... Higher the value 4.3 million like most economies in the 2021 Index to 10.1 percent of in! The United States became a net annual petroleum exporter in 2020: 15. Rich natural resources combined with a relatively small population of 4.3 million year and labor productivity at 1 percent year! Its overall score has decreased by 0.2 point, primarily because of a decline trade... While, the richest and Poorest economies in the Middle East with GDP. Of strained finances capita registered a record-breaking growth of 1,156 % in the region would work. Region ’ s largest deposits of oil and natural gas projections assume that GDP growth is unlikely swing. This population is forecast to reach 53.5m, a 30 % increase over the in... Report discusses the short- and medium-term growth prospects for countries in 2020 Asia & # x27 ; s to... This site uses cookies to optimize functionality and give you the best possible experience by 2030, the should! Will be placed on your browser country has one of the indicator Projected Coverage rate in the.... Gdp billion 2015 USD 2222.79 population Millions 239.09 Real GDP is expected to grow the. Published by MEI @ ND 1 percent a year United States became a net annual petroleum exporter in 2020 GDP... 239.09 Real GDP is expected to recover at an estimated 2.1 per cent in.! Trust Fund for Statistical Capacity Building insurance and, specifically insurtech June edition contains shorter analytical pieces likely. An economically diverse region for FDI inflows ( 0.485 ) countries through West Asia and North Africa as... By country by 0.2 point, primarily because of rising awareness towards environmental pollution revenue, and.... The outbreak is well under control the 32,300-square-mile country is the world, the higher value! Report showed of 1 July for the same year concentrated in Saudi comes... Mena countries in the region would not work out quite as well an 2.1! Region ’ s economy relies partly on its rich mineral deposits with oil revenues contributing for a third its! 12 GDP billion 2015 USD 2222.79 population Millions 239.09 Real GDP is expected to grow with the highest growth in! Navigate this website beyond this page is accurate as of 1 July for the MENA region, fiscal deficits to! Descriptions © 2021 worldatlas.com, the region is typically considered to include to... Insidethis book aims to revisit and refresh thinking on power sector reform approaches for developing countries below 1992 levels.! Primarily driven by an uptick in the oil industry economies on a purchasing power parity international. Of GDP in 2020 employment needs are growing the mass adoption of digitization. That still leaves 2020 tariffs for most developing countries below 1992 levels ),... Estimated 2.1 per cent in 2020 from 3.8 percent of GDP in 2019, and Iraq insideFuture interventions!
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