MENA Exporters Forecasts

 

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Algeria 2018 2019 2020e 2021f 2022f
Nominal GDP $bn 175.4 171.1 147.2 145.3 150.1
Real GDP % 1.2 0.1 -8.2 3.3 3.2
Current A/C % GDP -10.4 -8.6 -12.1 -11.5 -6.6
Budget Balance % GDP -8.6 -9.1 -13.1 -11.5 -9.4
CPI % 3.5 2.3 2.8 5.3 5.1
Iran 2018 2019 2020e 2021f 2022f
Nominal GDP $bn 468.6 585.2 744.2 881.1 1032.8
Real GDP % -3.5 -1.9 0.2 3.9 5.1
Current A/C % GDP 5.7 0.6 -0.6 0.4 1.0
Budget Balance % GDP -5.1 -4.6 -6.2 -5.4 -4.3
CPI % 21.0 36.2 35.9 34.4 17.5
Iraq 2018 2019 2020e 2021f 2022f
Nominal GDP $bn 167.2 168.2 235.8 249.2 272.1
Real GDP % 0.9 4.4 -12.5 1.1 5.3
Current A/C% GDP 20.6 9.4 -2.6 1.8 3.6
Budget Balance % GDP 8.2 0.9 -15.1 -10.3 -6.4
CPI % 0.4 -0.2 3.2 5.0 3.0
Libya 2018 2019 2020e 2021f 2022f
Nominal GDP $bn 34.4 36.4 17.3 7.2 8.4
Real GDP % 16.9 7.9 -43.8 22.3 17.0
Current A/C% GDP -4.6 -6.3 -38.6 -8.5 4.3
Budget Balance % GDP -15.7 -29.4 -30.7 -22.7 -18.9
CPI % 13.6 -2.2 7.0 5.0 5.5
Oil Exporters (GDP weighted avg) 2018 2019 2020e 2021f 2022f
Nominal GDP $bn 330.5 417.7 546.2 663.1 795.9
Real GDP % -0.5 0.1 -2.9 2.9 3.9
Current A/C % GDP 4.8 -0.6 -3.0 -0.6 0.2
Budget Balance % GDP -4.4 -4.9 -8.7 -6.9 -5.7
CPI % 13.6 23.0 24.1 24.4 13.2

Source: Haver Analytics, National sources, Emirates NBD Research