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MENA Exporters Forecasts

 

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Algeria 2019 2020 2021f 2022f 2023f
Nominal GDP $bn 171.1 159.7 165.2 177.9 187.1
Real GDP % 0.1 -5.1 3.5 3.3 3.0
Current A/C % GDP -10.0 -10.7 -2.1 10.8 9.9
Budget Balance % GDP -6.7 -10.3 -7.8 -1.8 -1.2
CPI % 2.3 2.8 6.6 10.0 6.3
Iran 2019 2020 2021f 2022f 2023f
Nominal GDP $bn 635.8 909.5 1274.9 1525.2 1667.3
Real GDP % -6.8 3.4 4.0 3.5 4.0
Current A/C % GDP 0.6 -0.1 1.2 2.7 3.3
Budget Balance % GDP -4.3 -5.1 -3.7 -3.1 -2.8
CPI % 36.2 35.9 46.0 25.0 15.0
Iraq 2019 2020 2021f 2022f 2023f
Nominal GDP $bn 228.6 163.5 176.1 198.9 217.3
Real GDP % 6.0 -15.7 2.5 7.6 4.0
Current A/C% GDP 6.9 -3.8 14.1 23.4 19.7
Budget Balance % GDP 0.9 -10.1 -2.3 10.3 3.7
CPI % -0.2 3.2 6.0 5.5 4.5
Libya 2019 2020 2021f 2022f 2023f
Nominal GDP $bn 36.4 29.4 16.1 16.6 17.7
Real GDP % 118.3 -80.8 96.2 -2.2 9.4
Current A/C% GDP -6.3 -14.9 15.3 49.0 73.0
Budget Balance % GDP -29.4 -39.5 12.0 25.0 27.1
CPI % -2.2 2.8 3.7 5.5 6.0
Oil Exporters (GDP weighted avg) 2019 2020 2021f 2022f 2023f
Nominal GDP $bn 454.5 693.1 1029.2 1258.5 1380.8
Real GDP % 1.5 -1.3 4.3 3.2 4.0
Current A/C % GDP -0.5 -2.3 1.6 4.1 5.2
Budget Balance % GDP -4.4 -6.5 -3.7 -2.0 -2.3
CPI % 22.3 26.5 36.7 20.9 13.1

Source: Haver Analytics, National sources, Emirates NBD Research