code: MCDREO

description: 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.

dimensions_codes_order: FREQ REF_AREA INDICATOR

All Indicators: All Indicators

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

GGBXO_GDPXO_GDPXO_PT: Overall Non-Oil fiscal balance, Gen govt, percent of Non-oil GDP

GGB_GDP_GDP_PT: Overall fiscal balance, Gen govt, percent of GDP

GGD_GDP_GDP_PT: Total government debt, Gen govt, percent of GDP

GGENL_GDP_GDP_PT: Total expenditure and net lending, Gen govt, percent of GDP

GGND_GDP_GDP_PT: General government net debt, general government, in 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

NGDPXO_R_PCH_PT: Non-Oil real GDP growth, constant prices, percent change

NGDP_R_PCH_PT: Gross domestic product, constant prices, percent change

NXGO: Total oil exports (incl. crude, refined, and gas), millions of barrels per day

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

1C_100: All Groups Agg

1C_2001: ME&CA Emerging Market and Middle-Income Countries

1C_2005: ME&CA EM&MI excl. EGY

1C_2006: ME&CA EM&MI excl. LBN

1C_2011: ME&CA Low-Income Developing Countries

1C_2015: ME&CA LIC excl. AFG

1C_400: ME&CA

1C_440: MENA, Afghanistan, Pakistan

1C_4400: ME&CA Oil Exporters

1C_4402: MENAP oil importers

1C_4408: MENA EM&MI and Pakistan

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_442: MENA oil exporters (old)

1C_4426: MENA EMMI excl. EGY

1C_4428: MENA LIC excl. Sudan

1C_4429: MENA EMMI excl. LBN

1C_444: MENAP oil importers (old)

1C_445: MENA oil importers_

1C_450: GCC

1C_451: GCC and Algeria_

1C_460: Maghreb

1C_470: Mashreq

1C_480: Non-GCC oil exporters_

1C_489: Arab World

1C_4892: Arab World oil exporters

1C_4897: Arab World EM&MI

1C_490: Arab Countries in Transition_

1C_491: Arab Countries in Transition (excluding Libya and Yemen)_

1C_492: Conflict countries_

1C_4920: Conflict countries and Afghanistan_

1C_4921: Fragile states and conflict-affected countries_

1C_49212: Fragile states and conflict-affected countries excluding Libya_

1C_4922: Conflict-affected countries_

1C_4923: Fragile and conflict-affected states

1C_4924: Conflict-affected countries

1C_4925: Conflict-affected states_

1C_493: MENAP, excluding conflict countries_

1C_4931: MENA, excluding conflict countries_

1C_4935: MENA excl. fragile states and conflict-affected counrties_

1C_4936: MENA excl. fragile and clonflict-affected states

1C_494: MENA oil exporters, excl. conflict countries and Iran_

1C_4940: MENAP oil importers, excluding Pakistan_

1C_4943: MENA oil exporters excl. conflic-affected states and Iran

1C_4944: MENA excl. conflict-affected states

1C_4945: MENA LIC and Afghanistan

1C_495: Arab Oil Exporters_

1C_496: Arab Oil Importers_

1C_4987: Arab World EM&MI_

1C_500: North Africa

1C_501: North Africa excl. Libya_

1C_502: North Africa oil importers_

1C_949: CCA

1C_9493: CCA emerging markets and middle-income countries

1C_9894: Arab World emerging market and middle income countries_

name: Middle East and Central Asia Regional Economic Outlook (MCDREO)

notes: Geographic Coverage: Middle East and Central Asia

notes: Methodology: MCD REO follows WEO methodology.