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Economic Indicators For: Middle East › Change country
Countries in this region: Bahrain, Egypt, Iran, Iraq, Jordan, Kuwait, Lebanon, Libya, Oman, Qatar, Saudi Arabia, Syria, United Arab Emirates, Yemen

Overview: The global financial crisis has not spared the Middle East and North Africa region, but good economic fundamentals, appropriate policy responses, and sizeable currency reserves are helping to mitigate the impact of the shock, the IMF says in its latest assessment of conditions in the region.

Sources: International Monetary Fund (IMF)

More on the Middle East Economy
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GDP Growth (Constant Prices, National Currency) for Middle East in year 1998 is 3.99 %. Annual percentages of constant price GDP are year-on-year changes; the base year is country-specific.

GDP (Current Prices, US Dollars) for Middle East in year 1998 is US$ 659.092 Billion. Values are based upon GDP in national currency and the exchange rate projections provided by country economists for the group of other emerging market and developing countries. Exchanges rates for advanced economies are established in the WEO assumptions.

GDP (PPP), US Dollars for Middle East in year 1998 is US$ 1,626.74 Billion. Gross domestic product based on purchasing-power-parity (PPP) valuation of country GDP. These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. Please note: The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites.

GDP Per Capita (PPP), US Dollars for Middle East in year 1998 is US$ 5,505.40 . Gross domestic product based on purchasing-power-parity (PPP) per capita GDP. These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. Please note: The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites.

GDP Share of World Total (PPP) for Middle East in year 1998 is 4.326 %. Gross domestic product based on purchasing-power-parity (PPP) share of world total. These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. Please note: The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites.

Investment (% of GDP) for Middle East in year 1998 is 24.425 %. Data are based on individual countries' national accounts statistics. For many countries, the estimates of national saving are built up from national accounts data on gross domestic investment and from balance of payments-based data on net foreign investment.

Gross National Savings (% of GDP) for Middle East in year 1998 is 20.597 %. Data are based on individual countries' national accounts statistics. For many countries, the estimates of national saving are built up from national accounts data on gross domestic investment and from balance of payments-based data on net foreign investment.

Inflation (Average Consumer Price Change %) for Middle East in year 1998 is 6.316 %. Data for inflation are averages for the year, not end-of-period data.

Inflation (End of Year Change %) for Middle East in year 1998 is 5.94 %. Data for inflation are end of the period, not annual average data.

Import Volume of All Items Including Goods and Services (Percent Change) for Middle East in year 1998 is 1.784 %.

Import Volumes of Goods Only (Percent Change) for Middle East in year 1998 is 4.951 %.

Export Volume of All Items Including Goods and Services (Percent Change) for Middle East in year 1998 is 1.551 %.

Export Volumes of Goods Only (Percent Change) for Middle East in year 1998 is -0.554 %.

Terms of Trade of All Items Including Services and Goods (Percent Change) for Middle East in year 1998 is -18.822 %.

Terms of Trade of Goods (Percent Change) for Middle East in year 1998 is -21.356 %.

General government revenue (% of GDP) for Middle East in year 1998 is n/a %. Revenue consists of taxes, social contributions, grants receivable, and other revenue. Revenue increases government?s net worth, which is the difference between its assets and liabilities (GFSM 2001, paragraph 4.20). Note: Transactions that merely change the composition of the balance sheet do not change the net worth position, for example, proceeds from sales of nonfinancial and financial assets or incurrence of liabilities.

General government total expenditure (% of GDP) for Middle East in year 1998 is n/a %. Total expenditure consists of total expense and the net acquisition of nonfinancial assets. Note: Apart from being on an accrual basis, total expenditure differs from the GFSM 1986 definition of total expenditure in the sense that it also takes the disposals of nonfinancial assets into account.

Total Government Net Lending/ Borrowing (% of GDP) for Middle East in year 1998 is n/a %.

Total Government Gross Debt (% of GDP) for Middle East in year 1998 is n/a %. Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110).

Current Account Balance (US Dollars) for Middle East in year 1998 is US$ -26.087 Billion. Current account is all transactions other than those in financial and capital items. The major classifications are goods and services, income and current transfers. The focus of the BOP is on transactions (between an economy and the rest of the world) in goods, services, and income.

Current Account Balance (% GDP) for Middle East in year 1998 is -3.958 %. Current account is all transactions other than those in financial and capital items. The major classifications are goods and services, income and current transfers. The focus of the BOP is on transactions (between an economy and the rest of the world) in goods, services, and income.

Net Private Financial Flows (US Dollars) for Middle East in year 1998 is US$ 18.252 Billions. Net private financial flows comprises net private direct investment, net private portfolio flows, and net other private financial flows.

Other Private Portfolio Flows, Net (US Dollars) for Middle East in year 1998 is US$ -3.579 Billions.

Direct Investment, Net (US Dollars) for Middle East in year 1998 is US$ 11.013 Billions.

Private Financial Flows, Net (US Dollars) for Middle East in year 1998 is US$ 10.818 Billions. Net other private financial flows is the difference between net other investment and net other official investment.

Net Official Flows (US Dollars) for Middle East in year 1998 is US$ -13.4 Billions.

Change in National Reserves (US Dollars) for Middle East in year 1998 is US$ 11.568 Billions. Measured as flows. Comprises monetary gold, SDRs, reserve position in the Fund, foreign exchange assets, and other claims. Official holdings of gold are valued at SDR 35 an ounce. This convention results in a marked underestimation of reserves for countries that have substantial gold holdings. Securities not included are included in direct investment and portfolio investment. A minus sign indicates an increase.

Total External Debt in US Dollars (US$) for Middle East in year 1998 is US$ 263.658 Billions.

External Debt % GDP (External Debt as a Percentage of GDP) for Middle East in year 1998 is 40.003 .

External Debt % Exports of Goods and Services (External Debt as a Percentage of Exports of Goods and Services) for Middle East in year 1998 is 140.713 .

Total External Debt Service in US Dollars (US$) for Middle East in year 1998 is US$ 50.433 Billions.

Service of External Debt % GDP (External Debt Service as a Percentage of GDP) for Middle East in year 1998 is 7.652 .

External Debt Servicing as % Exports of Goods and Services (External Debt Service as a Percentage of Exports of Goods and Services) for Middle East in year 1998 is 26.916 .

Total External Debt Interest in US Dollars (US$) for Middle East in year 1998 is US$ 13.794 Billions.

Interest on External Debt % GDP (External Debt Interest as a Percentage of GDP) for Middle East in year 1998 is 2.093 .

Interest on External Debt % Exports of Goods and Services (External Debt Interest as a Percentage of Exports of Goods and Services) for Middle East in year 1998 is 7.362 .

Total External Debt Amortization in US Dollars (US$) for Middle East in year 1998 is US$ 36.638 Billions.

Amortization of External Debt % GDP (External Debt Amortization as a Percentage of GDP) for Middle East in year 1998 is 5.559 .

External Debt Amortized as % Exports of Goods and Services (External Debt Amortization as a Percentage of Exports of Goods and Services) for Middle East in year 1998 is 19.554 .