Emirates NBD Research
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MENA Exporters Forecasts
| Algeria | 2020 | 2021f | 20222 | 2023f | 2024f |
| Nominal GDP $bn | 171.1 | 159.7 | 164.9 | 191.4 | 204.3 |
| Real GDP % | 0.1 | -5.1 | 3.5 | 3.3 | 2.7 |
| Current A/C % GDP | -10.0 | -10.7 | -2.1 | 10.8 | 7.7 |
| Budget Balance % GDP | -6.7 | -10.3 | -7.8 | -1.8 | -3.4 |
| CPI % | 2.3 | 2.8 | 6.6 | 10.0 | 6.3 |
| Iran | 2020 | 2021f | 20222 | 2023f | 2024f |
| Nominal GDP $bn | 909.5 | 1335.6 | 1758.4 | 1980.6 | 1770.6 |
| Real GDP % | 3.4 | 4.5 | 4.0 | 3.0 | 2.5 |
| Current A/C % GDP | -0.1 | 1.1 | 2.3 | 2.8 | 1.7 |
| Budget Balance % GDP | -5.1 | -3.7 | -2.9 | -2.6 | -2.8 |
| CPI % | 35.9 | 40.2 | 44.0 | 35.0 | 25.0 |
| Iraq | 2020 | 2021f | 20222 | 2023f | 2024f |
| Nominal GDP $bn | 163.5 | 176.1 | 198.9 | 217.3 | 234.4 |
| Real GDP % | -15.7 | 2.5 | 7.6 | 4.0 | 2.6 |
| Current A/C% GDP | -3.8 | 14.1 | 23.4 | 13.9 | 5.1 |
| Budget Balance % GDP | -10.1 | -2.3 | 10.3 | 3.8 | -1.8 |
| CPI % | 3.2 | 6.0 | 4.7 | 3.5 | 2.0 |
| Libya | 2020 | 2021f | 20222 | 2023f | 2024f |
| Nominal GDP $bn | 29.4 | 16.0 | 16.4 | 18.5 | 20.0 |
| Real GDP % | -80.8 | 96.2 | -2.2 | 9.4 | 3.9 |
| Current A/C% GDP | -6.8 | 8.4 | 3.7 | 0.4 | -3.7 |
| Budget Balance % GDP | -18.0 | 6.5 | 14.6 | 15.7 | 9.0 |
| CPI % | 2.8 | 3.7 | 5.5 | 6.0 | 6.5 |
| Oil Exporters (GDP weighted avg) | 2020 | 2021f | 20222 | 2023f | 2024f |
| Nominal GDP $bn | 693.1 | 1085.7 | 1479.9 | 1678.7 | 1456.0 |
| Real GDP % | -1.3 | 4.7 | 3.6 | 3.2 | 2.6 |
| Current A/C % GDP | -2.1 | 1.4 | 3.3 | 3.5 | 2.8 |
| Budget Balance % GDP | -6.0 | -3.8 | -2.1 | -2.3 | -2.5 |
| CPI % | 26.5 | 32.5 | 37.0 | 29.9 | 21.1 |
Source: Haver Analytics, National sources, Emirates NBD Research