## stat-appendix-with-front-matter-and-fsi-tables

## Source details

**Canonical URL:** [stat-appendix-with-front-matter-and-fsi-tables](https://www.imf.org/-/media/files/publications/reo/mcd-cca/2019/october/english/stat-appendix-with-front-matter-and-fsi-tables.pdf)

## Other formats

- [Markdown version](/-/media/files/publications/reo/mcd-cca/2019/october/english/stat-appendix-with-front-matter-and-fsi-tables.pdf.md)
- [Structured JSON version](/-/media/files/publications/reo/mcd-cca/2019/october/english/stat-appendix-with-front-matter-and-fsi-tables.pdf.json)

---

### Overview and key assumptions
- Coverage: 31 MCD countries and territories (Afghanistan, Algeria, Armenia, Azerbaijan, Bahrain, Djibouti, Egypt, Georgia, Iran, Iraq, Jordan, Kazakhstan, Kuwait, the Kyrgyz Republic, Lebanon, Libya, Mauritania, Morocco, Oman, Pakistan, Qatar, Saudi Arabia, Somalia, Sudan, Syria, Tajikistan, Tunisia, Turkmenistan, the United Arab Emirates, Uzbekistan, the West Bank and Gaza, and Yemen).
- Projections are based on statistical information available through late September 2019.
- Working assumptions used for 2019–2020 projections:
  - Oil will average US$61.8 a barrel in 2019 and US$57.9 a barrel in 2020.
  - Six-month LIBOR on U.S.-dollar deposits will average 2.3 percent in 2019 and 2.0 percent in 2020.
- All data for Syria are excluded for 2011 onward.
- Calendar-year basis except for specified fiscal-year cases (Afghanistan, Iran, Egypt, Pakistan) and Table 3/6/13/14 Iran uses Iranian calendar year (beginning March 21).
- Arithmetically weighted averages used for aggregates except consumer price index (geometric averages).
- Conventions: ellipsis (. . .) = not available; 0 or 0.0 = zero or negligible.

### Real and nominal GDP — key figures and country highlights
- Real GDP growth (annual change; percent) — selected aggregates:
  - MENAP: 2000–15 average 4.6; 2016 5.3; 2017 2.1; 2018 1.6; 2019 projection 0.5; 2020 projection 2.7.
  - MENAP oil exporters: 2000–15 4.7; 2016 6.1; 2017 1.2; 2018 0.2; 2019 -1.3; 2020 2.1.
  - MENAP oil importers: 2000–15 4.3; 2016 3.7; 2017 4.0; 2018 4.3; 2019 3.6; 2020 3.7.
  - CCA: 2000–15 7.8; 2016 2.3; 2017 4.0; 2018 4.2; 2019 4.4; 2020 4.4.
  - Memoranda:
    - MENA: 2000–15 4.6; 2016 5.4; 2017 1.8; 2018 1.1; 2019 0.1; 2020 2.7.
    - GCC: 2000–15 4.8; 2016 2.3; 2017 -0.3; 2018 2.0; 2019 0.7; 2020 2.5.
- Country highlights (real GDP growth; annual change; percent):
  - Iran, I.R. of: 2000–15 3.2; 2016 12.5; 2017 3.7; 2018 -4.8; 2019 -9.5; 2020 0.0.
  - Iraq: 2000–15 11.0; 2016 15.2; 2017 -2.5; 2018 -0.6; 2019 3.4; 2020 4.7.
  - Libya: 2000–15 -6.4; 2016 -7.4; 2017 64.0; 2018 17.9; 2019 -19.1; 2020 0.0.
  - Egypt: 2000–15 4.3; 2016 4.3; 2017 4.1; 2018 5.3; 2019 5.5; 2020 5.9.
  - Uzbekistan: 2000–15 7.0; 2016 6.1; 2017 4.5; 2018 5.1; 2019 5.5; 2020 6.0.
- Nominal GDP (Billions of U.S. dollars) — selected aggregates:
  - MENAP: 2000–15 average 2,187.8; 2016 3,080.3; 2017 3,170.6; 2018 3,451.4; 2019 projection 3,458.3; 2020 projection 3,532.7.
  - MENAP oil exporters: 2000–15 1,623.8; 2016 2,147.1; 2017 2,307.5; 2018 2,563.4; 2019 2,547.9; 2020 2,581.7.
  - CCA: 2000–15 227.7; 2016 331.3; 2017 341.8; 2018 355.4; 2019 370.4; 2020 403.5.
  - Memoranda:
    - MENA: 2000–15 2,018.3; 2016 2,782.3; 2017 2,845.8; 2018 3,117.2; 2019 3,155.3; 2020 3,253.9.
    - GCC: 2000–15 968.6; 2016 1,360.8; 2017 1,458.8; 2018 1,650.7; 2019 1,629.3; 2020 1,650.1.

### Oil and non-oil activity, production, and exports
- Oil and non-oil real GDP growth (annual change; percent) — selected figures:
  - Non-oil GDP, MENAP oil exporters: 2000–15 6.2; 2016 2.1; 2017 2.3; 2018 0.4; 2019 1.1; 2020 2.6.
  - Oil GDP, MENAP oil exporters: 2000–15 2.3; 2016 19.3; 2017 -1.0; 2018 -0.9; 2019 -5.6; 2020 1.0.
  - CCA oil and gas exporters (non-oil GDP): 2000–15 8.3; 2016 1.5; 2017 3.4; 2018 3.0; 2019 5.1; 2020 4.6.
- Country examples:
  - Azerbaijan non-oil GDP: 2000–15 9.7; 2016 -4.9; 2017 2.8; 2018 1.8; 2019 3.0; 2020 2.7.
  - Iran oil GDP: 2000–15 -0.7; 2016 61.6; 2017 0.9; 2018 -6.7; 2019 -28.3; 2020 -5.7.
- Crude oil production (Millions of barrels per day) — selected:
  - MENAP oil exporters: 2000–15 24.22; 2016 28.06; 2017 27.47; 2018 27.73; 2019 25.96; 2020 26.36.
  - GCC (memorandum): 2000–15 15.58; 2016 18.30; 2017 17.36; 2018 17.85; 2019 17.34; 2020 17.67.
  - Saudi Arabia: 2000–15 8.87; 2016 10.46; 2017 9.95; 2018 10.31; 2019 9.75; 2020 9.85.
- Natural gas production (Millions of barrels per day equivalent) — selected:
  - MENAP oil exporters: 2000–15 9.09; 2016 15.12; 2017 15.69; 2018 15.95; 2019 16.13; 2020 16.43.
  - Qatar: 2000–15 2.10; 2016 4.39; 2017 4.34; 2018 4.45; 2019 4.48; 2020 4.60.
  - CCA oil and gas exporters (total): 2000–15 101.98; 2016 197.30; 2017 188.62; 2018 203.43; 2019 230.05; 2020 246.61.
- Crude oil exports (Millions of barrels per day) — selected:
  - MENAP oil exporters: 2000–15 17.91; 2016 20.36; 2017 19.77; 2018 19.90; 2019 17.99; 2020 18.06.
  - GCC (memorandum): 2000–15 12.28; 2016 13.54; 2017 12.57; 2018 12.90; 2019 12.28; 2020 12.26.
  - Iraq: 2000–15 2.05; 2016 3.79; 2017 3.80; 2018 3.86; 2019 3.97; 2020 4.17.
- Natural gas exports (Millions of barrels per day equivalent) — selected:
  - MENAP oil exporters: 2000–15 3.53; 2016 4.66; 2017 4.63; 2018 4.73; 2019 4.53; 2020 4.59.
  - Qatar: 2000–15 1.36; 2016 2.60; 2017 2.56; 2018 2.64; 2019 2.63; 2020 2.63.
  - CCA oil and gas exporters (total): 2016 60.05; 2017 64.82; 2018 68.23; 2019 89.24; 2020 103.63.
- Breakeven oil prices (U.S. dollars per barrel) — selected fiscal and external breakevens:
  - Fiscal breakeven oil price examples:
    - Algeria: 2000–15 average 102.6; 2016 102.5; 2017 91.4; 2018 104.2; 2019 129.8; 2020 109.0.
    - Saudi Arabia: 2000–15 average 78.0; 2016 96.4; 2017 83.7; 2018 88.6; 2019 86.5; 2020 83.6.
    - Iran, I.R. of: 2000–15 55.9; 2016 58.4; 2017 64.8; 2018 82.0; 2019 155.6; 2020 194.6.
  - External breakeven oil price examples:
    - Algeria: 2000–15 average 80.4; 2016 89.1; 2017 90.0; 2018 101.7; 2019 106.7; 2020 100.5.
    - Saudi Arabia: 2000–15 58.3; 2016 48.8; 2017 49.9; 2018 46.7; 2019 44.2; 2020 55.3.
    - Iran, I.R. of: 2000–15 41.5; 2016 28.3; 2017 33.5; 2018 38.2; 2019 78.3; 2020 87.7.

### Inflation, money, and financial soundness
- Consumer price inflation (year average; percent) — selected:
  - MENAP: 2000–15 average 6.5; 2016 5.4; 2017 7.0; 2018 9.3; 2019 7.9; 2020 9.1.
  - MENAP oil exporters: 2000–15 6.9; 2016 4.4; 2017 3.6; 2018 8.7; 2019 7.0; 2020 8.2.
  - MENAP oil importers: 2000–15 6.0; 2016 7.5; 2017 14.4; 2018 10.4; 2019 9.7; 2020 10.7.
  - Country examples:
    - Iran, I.R. of: 2000–15 17.4; 2016 9.1; 2017 9.6; 2018 30.5; 2019 35.7; 2020 31.0.
    - Egypt: 2000–15 4.7; 2016 13.8; 2017 29.5; 2018 14.4; 2019 11.4; 2020 8.4.
    - Yemen: 2000–15 12.0; 2016 21.3; 2017 30.4; 2018 27.6; 2019 14.7; 2020 35.5.
- Core consumer price inflation (year average; percent) — selected:
  - MENAP (core, country-specific definitions): 2000–15 average 8.4; 2016 5.1; 2017 7.0; 2018 11.5; 2019 11.3; 2020 11.2.
  - MENAP oil exporters (core): 2000–15 10.1; 2016 4.2; 2017 2.9; 2018 12.5; 2019 12.3; 2020 10.8.
  - Country examples:
    - Iran, I.R. of (core): 2000–15 23.2; 2016 9.3; 2017 8.0; 2018 29.8; 2019 38.3; 2020 30.9.
    - Sudan (core): 2000–15 14.9; 2016 21.8; 2017 23.2; 2018 68.2; 2019 40.3; 2020 47.2.
- Broad money growth (annual change; percent) — selected:
  - MENAP: 2000–15 average 15.9; 2016 7.8; 2017 12.5; 2018 10.1; 2019 9.3; 2020 10.1.
  - MENAP oil exporters: 2000–15 17.0; 2016 5.5; 2017 7.9; 2018 7.1; 2019 7.6; 2020 8.5.
  - Country examples:
    - Iran, I.R. of: 2000–15 26.2; 2016 23.3; 2017 22.1; 2018 22.1; 2019 26.8; 2020 26.8.
    - Algeria: 2000–15 13.7; 2016 0.8; 2017 8.4; 2018 11.1; 2019 8.7; 2020 6.0.
- Financial Soundness Indicators — selected snapshots:
  - Capital Adequacy Ratios (Percent of risk-weighted assets) — selected country series (Dec-15 to Mar-19):
    - Saudi Arabia: 1.9 (Dec-15); 1.8 (Dec-16); 2.0 (Dec-17); 2.2 (Mar-18); 2.1 (Jun-18); 2.2 (Sep-18); 2.1 (Dec-18); 2.4 (Mar-19).
    - United Arab Emirates: 1.6; 1.5; 1.5; 1.5; 1.7; 1.7; 1.6; 1.8.
    - Pakistan: 1.5; 1.3; 0.9; 0.9; 0.8; 0.8; 0.8; 0.8.
    - Georgia: 2.7; 3.1; 3.1; 3.0; 3.0; 2.7; 3.0; 2.4.
    - West Bank and Gaza (Memorandum): 1.5 (consistent across Dec-15 to Mar-19).
  - Return on Assets (Pre-tax, percent) — selected country series (Dec-15 to Mar-19):
    - Saudi Arabia: 1.2 (Dec-15); 1.4 (Dec-16); 1.6 (Dec-17); 1.7 (Mar-18); 1.8 (Jun-18); 1.8 (Sep-18); 2.0 (Dec-18); 1.9 (Mar-19).
    - United Arab Emirates: 5.0; 5.1; 5.3; 5.8; 5.8; 5.7; 5.6; 5.7.
    - Pakistan: 11.4; 10.1; 8.4; 8.3; 7.9; 8.0; 8.0; 8.2.
    - Tajikistan (noted series): 29.9; 54.0; 36.5; 34.3; 32.6; 32.4; 31.1; 30.0.

### Fiscal positions, debt, and government finances
- Central Government Net Lending/Borrowing (Percent of GDP) — averages and projections (Average 2000–15; 2016; 2017; 2018; 2019; 2020 projections):
  - MENAP: 2.1 -9.0 -5.2 -3.0 -4.1 -4.4.
  - MENAP oil exporters: 4.5 -9.5 -4.6 -1.7 -3.1 -3.5.
  - MENAP oil importers: -5.8 -7.7 -6.8 -6.9 -7.2 -6.8.
  - Selected country entries:
    - Algeria: 2.2 -13.1 -6.6 -4.8 -8.1 -5.8.
    - Kuwait: 27.0 0.3 6.3 8.7 6.7 3.8.
    - Saudi Arabia: 5.8 -17.2 -9.2 -5.9 -6.1 -6.6.
    - Egypt: ... -8.7 -12.5 -10.9 -9.7 -8.2 -7.2.
    - Lebanon: ... -8.9 -8.6 -11.0 -9.8 -11.5.
    - Sudan: 26.2 28.3 68.8 111.8 61.4 89.3.
- General Government Fiscal Balance (Percent of GDP) — selected:
  - MENAP: 2.9 -9.5 -5.6 -3.2 -4.7 -5.1.
  - MENAP oil exporters: 5.7 -10.4 -5.2 -1.9 -3.9 -4.5.
  - MENAP oil importers: -5.7 -7.3 -6.8 -6.9 -7.0 -6.5.
  - Selected country entries:
    - Algeria: 1.7 -13.4 -8.6 -7.5 -13.2 -9.9.
    - Kuwait: 27.0 0.3 6.3 8.7 6.7 3.8.
    - Libya: -2.5 -113.3 -43.0 -23.6 -28.9 -32.3.
    - Qatar: 10.1 -5.4 -2.9 5.3 7.0 6.9.
    - United Arab Emirates: 6.6 -2.0 -1.4 1.2 -1.6 -2.8.
    - West Bank and Gaza: -20.8 -8.0 -8.1 -7.3 -7.5 -7.9.
    - Conflict countries aggregate: -0.8 -50.7 -26.2 -16.6 -18.5 -22.1.
- General Government Total Revenue, Excluding Grants (Percent of GDP) — selected:
  - MENAP: 32.0 23.4 25.2 28.1 28.1 27.4.
  - MENAP oil exporters: 36.0 25.5 27.6 31.3 31.4 30.1.
  - MENAP oil importers: 19.9 18.4 19.0 19.0 18.7 19.9.
  - Selected country entries:
    - Kuwait: 66.1 54.1 54.1 58.2 58.1 58.5.
    - Libya: 59.7 31.7 51.8 63.3 85.6 78.7.
    - Saudi Arabia: 39.2 21.5 24.1 30.7 32.9 31.0.
    - Egypt: 23.7 20.1 21.3 20.6 20.5 20.3.
    - Tunisia: 23.0 22.5 24.3 25.9 27.9 27.9.
    - Conflict Countries aggregate: 41.8 17.7 30.4 40.0 47.9 49.5.
- Oil Exporters: Non-Oil Fiscal Balance (Percent of non-oil GDP) — selected:
  - MENAP oil exporters: -37.2 -31.4 -29.1 -32.5 -33.1 -31.0.
  - GCC aggregate: -44.0 -37.2 -34.2 -38.0 -37.4 -35.1.
  - Non-GCC oil exporters: -26.9 -21.2 -19.9 -22.2 -25.1 -23.3.
  - Selected country entries:
    - Kuwait: -56.3 -60.0 -56.8 -64.8 -65.3 -63.4.
    - Saudi Arabia: -51.2 -41.7 -37.0 -40.3 -39.4 -35.5.
    - Qatar: -55.3 -42.0 -34.5 -32.9 -32.4 -29.6.
    - Azerbaijan (CCA): -26.1 -27.2 -31.7 -33.2 -32.3 -31.4.
    - MENAP oil exporters, excl. conflict countries and Iran: -44.5 -37.0 -34.2 -37.9 -39.3 -36.5.
- Oil Exporters: General Government Non-Oil Revenue (Percent of non-oil GDP) — selected:
  - MENAP oil exporters: 12.6 14.4 14.7 15.2 15.9 15.5.
  - GCC memorandum: 13.7 15.0 15.0 16.5 17.9 17.4.
  - Non-GCC oil exporters: 11.0 13.3 13.9 12.7 12.3 12.0.
  - Selected country entries:
    - Kuwait: 34.0 31.2 36.8 35.1 35.2 35.6.
    - Saudi Arabia: 9.5 10.3 10.2 15.2 18.1 17.8.
    - Qatar: 11.4 15.1 14.9 14.0 14.1 14.9.
    - Azerbaijan (CCA): 25.6 25.1 23.9 23.2 23.8 22.2.
- General Government Total Expenditure and Net Lending (Percent of GDP) — selected:
  - MENAP: 29.9 33.0 31.0 31.1 32.5 32.0.
  - MENAP oil exporters: 30.8 35.3 32.3 32.5 34.4 33.6.
  - MENAP oil importers: 27.2 27.4 27.3 27.0 26.7 27.5.
  - Selected country entries:
    - Libya: 62.3 145.1 94.8 86.4 114.5 111.0.
    - Kuwait: 39.1 53.8 51.9 49.4 53.5 54.7.
    - Saudi Arabia: 33.4 38.7 33.3 36.6 39.0 37.6.
    - Egypt: 33.3 32.3 32.3 30.2 28.1 27.4.
    - Mauritania: 112.2 28.5 28.1 27.1 26.4 27.1.
- Total Government Gross Debt (Percent of GDP) — selected:
  - MENAP: 37.5 47.1 46.6 44.9 47.0 48.8.
  - MENAP oil exporters: 25.3 30.3 31.5 30.1 32.7 34.2.
  - MENAP oil importers: 73.4 85.3 86.8 87.1 86.7 88.0.
  - Selected country entries:
    - Egypt: 82.1 96.8 103.2 92.7 84.9 83.8.
    - Lebanon: ... 146.1 149.0 151.0 155.1 161.8.
    - Pakistan: 63.9 67.6 67.0 71.7 76.7 78.6.
    - Sudan: 92.4 128.4 159.2 212.1 207.0 212.8.
    - GCC memorandum: 24.9 21.0 25.1 25.1 28.9 31.3.
    - MENAP, excluding conflict countries: 36.7 46.8 46.4 44.7 46.9 48.7.
- MENAP: Total Government Net Debt (Percent of GDP) — selected:
  - MENAP: 21.4 33.7 34.4 35.5 40.0 43.7.
  - MENAP oil exporters: 0.9 5.5 9.9 13.4 19.0 23.2.
  - MENAP oil importers: 66.3 78.9 79.4 78.0 79.0 80.3.
  - Selected country entries:
    - Egypt: 63.4 88.2 93.9 81.0 75.4 75.7.
    - Jordan: 77.5 86.5 88.0 89.7 90.1 89.8.
    - Lebanon: ... 140.4 143.4 146.8 151.1 157.9.
    - Morocco: 56.4 64.4 64.4 64.7 64.7 64.3.
    - MENA memorandum: 17.1 29.5 29.9 30.6 35.5 39.9.

### External sector: trade, current account, reserves, and external debt
- Exports of Goods and Services (Billions of U.S. dollars) — selected:
  - MENAP: 939.8 1,082.5 1,226.1 1,397.3 1,321.1 1,324.9.
  - MENAP oil exporters: 799.6 925.1 1,057.5 1,207.9 1,121.9 1,108.2.
  - Selected country entries:
    - Algeria: 50.3 32.5 37.7 44.4 38.8 37.9.
    - Bahrain: 20.0 23.8 26.7 30.2 29.7 30.2.
    - Iran, I.R. of: 80.6 94.4 109.6 103.2 60.3 55.5.
    - Iraq: 58.4 56.3 74.5 98.7 92.4 91.8.
    - Kuwait: 67.3 52.1 61.8 79.8 72.8 71.2.
- Imports of Goods and Services (Billions of U.S. dollars) — Table 19:
  - MENAP: 754.9 (Average 2000–15); 1,157.6 (2016); 1,214.0 (2017); 1,252.7 (2018); 1,282.7 (2019); 1,318.7 (2020).
  - MENAP oil exporters: 562.0; 894.0; 928.7; 945.9; 973.1; 999.1.
  - MENAP oil importers: 192.9; 263.7; 285.3; 306.8; 309.5; 319.6.
  - CCA: 77.3; 102.3; 108.5; 118.6; 124.4; 128.9.
  - Memoranda:
    - MENA: 717.6; 1,100.2; 1,147.5; 1,176.9; 1,211.4; 1,250.6.
    - GCC: 408.4; 676.9; 697.4; 709.5; 733.7; 764.3.
- Current Account Balance (Billions of U.S. dollars) — Table 20:
  - MENAP: 175.3 (Average 2000–15); -120.2 (2016); -16.1 (2017); 100.2 (2018); -9.9 (2019); -47.9 (2020).
  - MENAP oil exporters: 195.2; -68.1; 41.7; 158.1; 43.4; 1.8.
  - MENAP oil importers: -19.9; -52.0; -57.8; -57.9; -53.4; -49.6.
  - CCA: 4.2; -19.7; -7.8; 1.2; -5.0; -6.9.
  - Memoranda:
    - MENA: 175.9; -116.9; -4.4; 118.3; 2.8; -41.2.
    - GCC: 157.0; -38.0; 41.4; 140.7; 86.5; 50.7.
- Current Account Balance (Percent of GDP) — Table 21:
  - MENAP: 8.2 (Average 2000–15); -3.9 (2016); -0.5 (2017); 2.9 (2018); -0.3 (2019); -1.4 (2020).
  - MENAP oil exporters: 11.6; -3.2; 1.8; 6.2; 1.7; 0.1.
  - MENAP oil importers: -2.2; -5.6; -6.7; -6.5; -5.9; -5.2.
  - CCA: 0.6; -5.9; -2.3; 0.3; -1.3; -1.7.
  - Memoranda:
    - MENA: 8.8; -4.2; -0.2; 3.8; 0.1; -1.3.
    - GCC: 15.3; -2.8; 2.8; 8.5; 5.3; 3.1.
- Gross Official Reserves (Billions of U.S. dollars) — Table 22:
  - MENAP: 796.3 (Average 2000–15); 1,163.6 (2016); 1,124.0 (2017); 1,148.7 (2018); 1,126.0 (2019); 1,076.5 (2020).
  - MENAP oil exporters: 710.2; 1,032.3; 979.0; 1,004.2; 986.0; 933.8.
  - MENAP oil importers: 86.2; 131.3; 145.1; 144.4; 140.0; 142.7.
  - Memoranda:
    - MENA: 786.0; 1,138.1; 1,099.7; 1,130.6; 1,110.8; 1,057.0.
    - GCC: 430.4; 704.6; 656.4; 680.9; 708.5; 693.1.
- Total Gross External Debt (Percent of GDP) — Table 23:
  - MENAP: 30.9 (Average 2000–15); 40.3 (2016); 43.7 (2017); 43.7 (2018); 45.2 (2019); 46.6 (2020).
  - MENAP oil exporters: 26.9; 39.2; 39.8; 39.5; 41.7; 42.6.
  - MENAP oil importers: 41.5; 42.9; 53.8; 55.6; 55.0; 57.3.
  - CCA: 56.8; 72.4; 77.3; 74.9; 69.1; 66.1.
  - Memoranda:
    - MENA: 30.4; 42.0; 45.7; 45.0; 46.1; 47.1.
    - GCC: 30.7; 55.2; 56.0; 55.0; 58.6; 59.8.
- Gross Official Reserves (Months of Imports) — Table 24:
  - MENAP: 10.0 (Average 2000–15); 10.9 (2016); 10.1 (2017); 10.1 (2018); 9.6 (2019); 8.9 (2020).
  - MENAP oil exporters: 11.4; 12.5; 11.5; 11.4; 11.0; 10.0.
  - MENAP oil importers: 5.5; 5.6; 5.8; 5.7; 5.3; 5.2.
  - CCA: 5.2; 8.3; 7.8; 7.5; 7.2; 7.0.
  - Memoranda:
    - MENA: 10.3; 11.3; 10.5; 10.5; 10.0; 9.2.
    - GCC: 10.2; 12.2; 11.1; 11.1; 11.1; 10.5.

### Financial sector asset quality — Nonperforming loans (NPLs)
- Table 27: Nonperforming Loans (90-day basis, percent of total loans) — coverage note: Conventional retail banks only; excludes Islamic Wholesale and Retail banks along with Conventional Wholesale banks.
- Country series examples and memorandum:
  - Uzbekistan: 1.5 0.7 1.2 1.2 1.3 1.3 1.3 1.4.
  - West Bank and Gaza (memorandum): 8; 2.1 2.2 2.3 2.3 2.8 3.1 3.0 3.2.
- Key statistics (individual values preserved):
  - Uzbekistan: 1.5 percent; 0.7 percent; 1.2 percent; 1.2 percent; 1.3 percent; 1.3 percent; 1.3 percent; 1.4 percent.
  - West Bank and Gaza (memorandum): 8; 2.1 percent; 2.2 percent; 2.3 percent; 2.3 percent; 2.8 percent; 3.1 percent; 3.0 percent; 3.2 percent.
- Footnotes and data conventions (as listed):
  - 1 Conventional retail banks only; excludes Islamic Wholesale and Retail banks along with Conventional Wholesale banks.
  - 2 December data refer to March data of the following year.
  - 3 National banks only.
  - 4 Data refer to end of fiscal year.
  - 5 Defined as loans overdue between at least 1 and 270 days.
  - 6 Only the overdue portion of principal and interest is disclosed as NPL.
  - 7 Overdue by 30 days or more.
  - 8 West Bank and Gaza is not a member of the IMF and is not included in any of the aggregates.

*Sources: National authorities; and IMF staff estimates and projections.*

### Section 1

### Statistical Appendix

### Overview and key assumptions
- Coverage: 31 MCD countries and territories (Afghanistan, Algeria, Armenia, Azerbaijan, Bahrain, Djibouti, Egypt, Georgia, Iran, Iraq, Jordan, Kazakhstan, Kuwait, the Kyrgyz Republic, Lebanon, Libya, Mauritania, Morocco, Oman, Pakistan, Qatar, Saudi Arabia, Somalia, Sudan, Syria, Tajikistan, Tunisia, Turkmenistan, the United Arab Emirates, Uzbekistan, the West Bank and Gaza, and Yemen).
- Projections are based on statistical information available through late September 2019.
- Working assumptions used for 2019–2020 projections:
  - Oil will average US$61.8 a barrel in 2019 and US$57.9 a barrel in 2020.
  - Six-month LIBOR on U.S.-dollar deposits will average 2.3 percent in 2019 and 2.0 percent in 2020.
- All data for Syria are excluded for 2011 onward.
- Calendar-year basis except for specified fiscal-year cases (Afghanistan, Iran, Egypt, Pakistan) and Table 3/6/13/14 Iran uses Iranian calendar year (beginning March 21).
- Arithmetically weighted averages used for aggregates except consumer price index (geometric averages).
- Conventions: ellipsis (. . .) = not available; 0 or 0.0 = zero or negligible.

### Data aggregates and weighting conventions
- Domestic economy composites (Tables 1, 3, 7–8): weighted by GDP at PPPs as a share of total MCD or group GDP.
- Broad money growth composites (Table 9): weighted by GDP converted to U.S. dollars at market exchange rates (GDP and exchange rates averaged over preceding three years).
- Fiscal aggregates (Tables 10–17): sums of individual country data converted to U.S. dollars at average market exchange rates; presented in percent of aggregate GDP in U.S. dollars.
- External economy composites in nominal terms (Tables 18–20 and 22): sums of individual country data; as percent of GDP (Tables 21 and 23) weighted by GDP in U.S. dollars.

### Real GDP growth (Table 1) — selected figures (annual change; percent)
- MENAP: 2000–15 average 4.6; 2016 5.3; 2017 2.1; 2018 1.6; 2019 projection 0.5; 2020 projection 2.7.
- MENAP oil exporters: 2000–15 4.7; 2016 6.1; 2017 1.2; 2018 0.2; 2019 -1.3; 2020 2.1.
- MENAP oil importers: 2000–15 4.3; 2016 3.7; 2017 4.0; 2018 4.3; 2019 3.6; 2020 3.7.
- CCA: 2000–15 7.8; 2016 2.3; 2017 4.0; 2018 4.2; 2019 4.4; 2020 4.4.
- Memorandum:
  - MENA: 2000–15 4.6; 2016 5.4; 2017 1.8; 2018 1.1; 2019 0.1; 2020 2.7.
  - GCC: 2000–15 4.8; 2016 2.3; 2017 -0.3; 2018 2.0; 2019 0.7; 2020 2.5.

### Country highlights from Table 1 (real GDP growth; annual change; percent)
- Iran, I.R. of: 2000–15 3.2; 2016 12.5; 2017 3.7; 2018 -4.8; 2019 -9.5; 2020 0.0.
- Iraq: 2000–15 11.0; 2016 15.2; 2017 -2.5; 2018 -0.6; 2019 3.4; 2020 4.7.
- Libya: 2000–15 -6.4; 2016 -7.4; 2017 64.0; 2018 17.9; 2019 -19.1; 2020 0.0.
- Egypt: 2000–15 4.3; 2016 4.3; 2017 4.1; 2018 5.3; 2019 5.5; 2020 5.9.
- Uzbekistan: 2000–15 7.0; 2016 6.1; 2017 4.5; 2018 5.1; 2019 5.5; 2020 6.0.

### Nominal GDP (Table 2) — selected figures (Billions of U.S. dollars)
- MENAP: 2000–15 average 2,187.8; 2016 3,080.3; 2017 3,170.6; 2018 3,451.4; 2019 projection 3,458.3; 2020 projection 3,532.7.
- MENAP oil exporters: 2000–15 1,623.8; 2016 2,147.1; 2017 2,307.5; 2018 2,563.4; 2019 2,547.9; 2020 2,581.7.
- MENAP oil importers: 2000–15 564.0; 2016 933.3; 2017 863.2; 2018 888.0; 2019 910.4; 2020 951.0.
- CCA: 2000–15 227.7; 2016 331.3; 2017 341.8; 2018 355.4; 2019 370.4; 2020 403.5.
- Memorandum:
  - MENA: 2000–15 2,018.3; 2016 2,782.3; 2017 2,845.8; 2018 3,117.2; 2019 3,155.3; 2020 3,253.9.
  - GCC: 2000–15 968.6; 2016 1,360.8; 2017 1,458.8; 2018 1,650.7; 2019 1,629.3; 2020 1,650.1.

### Oil and non-oil real GDP growth (Table 3) — selected figures (annual change; percent)
- Non-oil GDP, MENAP oil exporters: 2000–15 6.2; 2016 2.1; 2017 2.3; 2018 0.4; 2019 1.1; 2020 2.6.
- Oil GDP, MENAP oil exporters: 2000–15 2.3; 2016 19.3; 2017 -1.0; 2018 -0.9; 2019 -5.6; 2020 1.0.
- CCA oil and gas exporters (non-oil GDP): 2000–15 8.3; 2016 1.5; 2017 3.4; 2018 3.0; 2019 5.1; 2020 4.6.
- Country examples:
  - Azerbaijan non-oil GDP: 2000–15 9.7; 2016 -4.9; 2017 2.8; 2018 1.8; 2019 3.0; 2020 2.7.
  - Iran oil GDP: 2000–15 -0.7; 2016 61.6; 2017 0.9; 2018 -6.7; 2019 -28.3; 2020 -5.7.

### Crude oil and natural gas production (Table 4) — selected figures
- Crude oil production (Millions of barrels per day):
  - MENAP oil exporters: 2000–15 24.22; 2016 28.06; 2017 27.47; 2018 27.73; 2019 25.96; 2020 26.36.
  - GCC (memorandum): 2000–15 15.58; 2016 18.30; 2017 17.36; 2018 17.85; 2019 17.34; 2020 17.67.
  - Saudi Arabia: 2000–15 8.87; 2016 10.46; 2017 9.95; 2018 10.31; 2019 9.75; 2020 9.85.
- Natural gas production (Millions of barrels per day equivalent):
  - MENAP oil exporters: 2000–15 9.09; 2016 15.12; 2017 15.69; 2018 15.95; 2019 16.13; 2020 16.43.
  - Qatar: 2000–15 2.10; 2016 4.39; 2017 4.34; 2018 4.45; 2019 4.48; 2020 4.60.
  - CCA oil and gas exporters (total): 2000–15 101.98; 2016 197.30; 2017 188.62; 2018 203.43; 2019 230.05; 2020 246.61.

### Crude oil and natural gas exports (Table 5) — selected figures
- Crude oil exports (Millions of barrels per day):
  - MENAP oil exporters: 2000–15 17.91; 2016 20.36; 2017 19.77; 2018 19.90; 2019 17.99; 2020 18.06.
  - GCC (memorandum): 2000–15 12.28; 2016 13.54; 2017 12.57; 2018 12.90; 2019 12.28; 2020 12.26.
  - Iraq: 2000–15 2.05; 2016 3.79; 2017 3.80; 2018 3.86; 2019 3.97; 2020 4.17.
- Natural gas exports (Millions of barrels per day equivalent):
  - MENAP oil exporters: 2000–15 3.53; 2016 4.66; 2017 4.63; 2018 4.73; 2019 4.53; 2020 4.59.
  - Qatar: 2000–15 1.36; 2016 2.60; 2017 2.56; 2018 2.64; 2019 2.63; 2020 2.63.
  - CCA oil and gas exporters (total): 2016 60.05; 2017 64.82; 2018 68.23; 2019 89.24; 2020 103.63.

### Breakeven oil prices (Table 6) — selected figures (U.S. dollars per barrel)
- Fiscal breakeven oil price: the oil price at which the fiscal balance is zero.
  - Algeria: 2000–15 average 102.6; 2016 102.5; 2017 91.4; 2018 104.2; 2019 129.8; 2020 109.0.
  - Saudi Arabia: 2000–15 average 78.0; 2016 96.4; 2017 83.7; 2018 88.6; 2019 86.5; 2020 83.6.
  - Iran, I.R. of: 2000–15 55.9; 2016 58.4; 2017 64.8; 2018 82.0; 2019 155.6; 2020 194.6.
- External breakeven oil price: the oil price at which the current account balance is zero.
  - Algeria: 2000–15 average 80.4; 2016 89.1; 2017 90.0; 2018 101.7; 2019 106.7; 2020 100.5.
  - Saudi Arabia: 2000–15 58.3; 2016 48.8; 2017 49.9; 2018 46.7; 2019 44.2; 2020 55.3.
  - Iran, I.R. of: 2000–15 41.5; 2016 28.3; 2017 33.5; 2018 38.2; 2019 78.3; 2020 87.7.

### Consumer price inflation (Table 7) — selected figures (year average; percent)
- MENAP: 2000–15 average 6.5; 2016 5.4; 2017 7.0; 2018 9.3; 2019 7.9; 2020 9.1.
- MENAP oil exporters: 2000–15 6.9; 2016 4.4; 2017 3.6; 2018 8.7; 2019 7.0; 2020 8.2.
- MENAP oil importers: 2000–15 6.0; 2016 7.5; 2017 14.4; 2018 10.4; 2019 9.7; 2020 10.7.
- Country examples:
  - Iran, I.R. of: 2000–15 17.4; 2016 9.1; 2017 9.6; 2018 30.5; 2019 35.7; 2020 31.0.
  - Egypt: 2000–15 4.7; 2016 13.8; 2017 29.5; 2018 14.4; 2019 11.4; 2020 8.4.
  - Yemen: 2000–15 12.0; 2016 21.3; 2017 30.4; 2018 27.6; 2019 14.7; 2020 35.5.

### Core consumer price inflation (Table 8) — selected figures (year average; percent)
- MENAP (core, country-specific definitions): 2000–15 average 8.4; 2016 5.1; 2017 7.0; 2018 11.5; 2019 11.3; 2020 11.2.
- MENAP oil exporters (core): 2000–15 10.1; 2016 4.2; 2017 2.9; 2018 12.5; 2019 12.3; 2020 10.8.
- Country examples:
  - Iran, I.R. of (core): 2000–15 23.2; 2016 9.3; 2017 8.0; 2018 29.8; 2019 38.3; 2020 30.9.
  - Sudan (core): 2000–15 14.9; 2016 21.8; 2017 23.2; 2018 68.2; 2019 40.3; 2020 47.2.

### Broad money growth (Table 9) — selected figures (annual change; percent)
- MENAP: 2000–15 average 15.9; 2016 7.8; 2017 12.5; 2018 10.1; 2019 9.3; 2020 10.1.
- MENAP oil exporters: 2000–15 17.0; 2016 5.5; 2017 7.9; 2018 7.1; 2019 7.6; 2020 8.5.
- Country examples:
  - Iran, I.R. of: 2000–15 26.2; 2016 23.3; 2017 22.1; 2018 22.1; 2019 26.8; 2020 26.8.
  - Algeria: 2000–15 13.7; 2016 0.8; 2017 8.4; 2018 11.1; 2019 8.7; 2020 6.0.

*Sources: National authorities; and IMF staff estimates and projections.*

### Section 2

### stat-appendix-with-front-matter-and-fsi-tables - Section 2

### Central Government Net Lending/Borrowing (Percent of GDP)
- MENAP: 2.1 -9.0 -5.2 -3.0 -4.1 -4.4 (Average 2000–15; 2016; 2017; 2018; 2019; 2020 projections)
- MENAP oil exporters: 4.5 -9.5 -4.6 -1.7 -3.1 -3.5
- MENAP oil importers: -5.8 -7.7 -6.8 -6.9 -7.2 -6.8
- Selected country entries (same column ordering as above):
  - Algeria: 2.2 -13.1 -6.6 -4.8 -8.1 -5.8
  - Kuwait: 27.0 0.3 6.3 8.7 6.7 3.8
  - Saudi Arabia: 5.8 -17.2 -9.2 -5.9 -6.1 -6.6
  - Egypt: ... -8.7 -12.5 -10.9 -9.7 -8.2 -7.2 (table shows Egypt with 2000–15 average 13.5 in another table; here entry begins with -8.7)
  - Lebanon: ... -8.9 -8.6 -11.0 -9.8 -11.5
  - Sudan: 26.2 28.3 68.8 111.8 61.4 89.3

### General Government Fiscal Balance (Percent of GDP)
- MENAP: 2.9 -9.5 -5.6 -3.2 -4.7 -5.1
- MENAP oil exporters: 5.7 -10.4 -5.2 -1.9 -3.9 -4.5
- MENAP oil importers: -5.7 -7.3 -6.8 -6.9 -7.0 -6.5
- Selected country entries:
  - Algeria: 1.7 -13.4 -8.6 -7.5 -13.2 -9.9
  - Kuwait: 27.0 0.3 6.3 8.7 6.7 3.8
  - Libya: -2.5 -113.3 -43.0 -23.6 -28.9 -32.3
  - Qatar: 10.1 -5.4 -2.9 5.3 7.0 6.9
  - United Arab Emirates: 6.6 -2.0 -1.4 1.2 -1.6 -2.8
  - West Bank and Gaza: -20.8 -8.0 -8.1 -7.3 -7.5 -7.9
  - Conflict countries aggregate: -0.8 -50.7 -26.2 -16.6 -18.5 -22.1

### General Government Total Revenue, Excluding Grants (Percent of GDP)
- MENAP: 32.0 23.4 25.2 28.1 28.1 27.4
- MENAP oil exporters: 36.0 25.5 27.6 31.3 31.4 30.1
- MENAP oil importers: 19.9 18.4 19.0 19.0 18.7 19.9
- Selected country entries:
  - Kuwait: 66.1 54.1 54.1 58.2 58.1 58.5
  - Libya: 59.7 31.7 51.8 63.3 85.6 78.7
  - Saudi Arabia: 39.2 21.5 24.1 30.7 32.9 31.0
  - Egypt: 23.7 20.1 21.3 20.6 20.5 20.3
  - Tunisia: 23.0 22.5 24.3 25.9 27.9 27.9
  - Conflict Countries aggregate: 41.8 17.7 30.4 40.0 47.9 49.5

### Oil Exporters: General Government Non-Oil Fiscal Balance (Percent of non-oil GDP)
- MENAP oil exporters: -37.2 -31.4 -29.1 -32.5 -33.1 -31.0
- GCC aggregate: -44.0 -37.2 -34.2 -38.0 -37.4 -35.1
- Non-GCC oil exporters: -26.9 -21.2 -19.9 -22.2 -25.1 -23.3
- Selected country entries:
  - Kuwait: -56.3 -60.0 -56.8 -64.8 -65.3 -63.4
  - Saudi Arabia: -51.2 -41.7 -37.0 -40.3 -39.4 -35.5
  - Qatar: -55.3 -42.0 -34.5 -32.9 -32.4 -29.6
  - Azerbaijan (CCA): -26.1 -27.2 -31.7 -33.2 -32.3 -31.4
  - MENAP oil exporters, excl. conflict countries and Iran: -44.5 -37.0 -34.2 -37.9 -39.3 -36.5

### Oil Exporters: General Government Non-Oil Revenue (Percent of non-oil GDP)
- MENAP oil exporters: 12.6 14.4 14.7 15.2 15.9 15.5
- GCC memorandum: 13.7 15.0 15.0 16.5 17.9 17.4
- Non-GCC oil exporters: 11.0 13.3 13.9 12.7 12.3 12.0
- Selected country entries:
  - Kuwait: 34.0 31.2 36.8 35.1 35.2 35.6
  - Saudi Arabia: 9.5 10.3 10.2 15.2 18.1 17.8
  - Qatar: 11.4 15.1 14.9 14.0 14.1 14.9
  - Azerbaijan (CCA): 25.6 25.1 23.9 23.2 23.8 22.2

### General Government Total Expenditure and Net Lending (Percent of GDP)
- MENAP: 29.9 33.0 31.0 31.1 32.5 32.0
- MENAP oil exporters: 30.8 35.3 32.3 32.5 34.4 33.6
- MENAP oil importers: 27.2 27.4 27.3 27.0 26.7 27.5
- Selected country entries:
  - Libya: 62.3 145.1 94.8 86.4 114.5 111.0
  - Kuwait: 39.1 53.8 51.9 49.4 53.5 54.7
  - Saudi Arabia: 33.4 38.7 33.3 36.6 39.0 37.6
  - Egypt: 33.3 32.3 32.3 30.2 28.1 27.4
  - Mauritania: 112.2 28.5 28.1 27.1 26.4 27.1

### Total Government Gross Debt (Percent of GDP)
- MENAP: 37.5 47.1 46.6 44.9 47.0 48.8
- MENAP oil exporters: 25.3 30.3 31.5 30.1 32.7 34.2
- MENAP oil importers: 73.4 85.3 86.8 87.1 86.7 88.0
- Selected country entries:
  - Egypt: 82.1 96.8 103.2 92.7 84.9 83.8
  - Lebanon: ... 146.1 149.0 151.0 155.1 161.8
  - Pakistan: 63.9 67.6 67.0 71.7 76.7 78.6
  - Sudan: 92.4 128.4 159.2 212.1 207.0 212.8
  - GCC memorandum: 24.9 21.0 25.1 25.1 28.9 31.3
  - MENAP, excluding conflict countries: 36.7 46.8 46.4 44.7 46.9 48.7

### MENAP: Total Government Net Debt (Percent of GDP)
- MENAP: 21.4 33.7 34.4 35.5 40.0 43.7
- MENAP oil exporters: 0.9 5.5 9.9 13.4 19.0 23.2
- MENAP oil importers: 66.3 78.9 79.4 78.0 79.0 80.3
- Selected country entries:
  - Egypt: 63.4 88.2 93.9 81.0 75.4 75.7
  - Jordan: 77.5 86.5 88.0 89.7 90.1 89.8
  - Lebanon: ... 140.4 143.4 146.8 151.1 157.9
  - Morocco: 56.4 64.4 64.4 64.7 64.7 64.3
  - MENA memorandum: 17.1 29.5 29.9 30.6 35.5 39.9

### Exports of Goods and Services (Billions of U.S. dollars)
- MENAP: 939.8 1,082.5 1,226.1 1,397.3 1,321.1 1,324.9
- MENAP oil exporters: 799.6 925.1 1,057.5 1,207.9 1,121.9 1,108.2
- Selected country entries:
  - Algeria: 50.3 32.5 37.7 44.4 38.8 37.9
  - Bahrain: 20.0 23.8 26.7 30.2 29.7 30.2
  - Iran, I.R. of: 80.6 94.4 109.6 103.2 60.3 55.5
  - Iraq: 58.4 56.3 74.5 98.7 92.4 91.8
  - Kuwait: 67.3 52.1 61.8 79.8 72.8 71.2

*Sources: National authorities; and IMF staff estimates and projections.*

### Section 3

### stat-appendix-with-front-matter-and-fsi-tables - Section 3

### Table 19. Imports of Goods and Services (Billions of U.S. dollars) — Averages and Projections
- MENAP: 754.9 (Average 2000–15); 1,157.6 (2016); 1,214.0 (2017); 1,252.7 (2018); 1,282.7 (2019); 1,318.7 (2020)
- MENAP oil exporters: 562.0; 894.0; 928.7; 945.9; 973.1; 999.1
- MENAP oil importers: 192.9; 263.7; 285.3; 306.8; 309.5; 319.6
- CCA: 77.3; 102.3; 108.5; 118.6; 124.4; 128.9
- CCA oil and gas exporters: 62.5; 81.5; 85.5; 92.4; 97.5; 101.1
- CCA oil and gas importers: 14.8; 20.8; 23.0; 26.2; 26.9; 27.8
- Memorandum aggregates:
  - MENA: 717.6; 1,100.2; 1,147.5; 1,176.9; 1,211.4; 1,250.6
  - MENA oil importers: 155.5; 206.2; 218.8; 231.0; 238.3; 251.5
  - GCC: 408.4; 676.9; 697.4; 709.5; 733.7; 764.3
  - Non-GCC oil exporters: 153.7; 217.1; 231.3; 236.4; 239.4; 234.8
  - Arab World: 652.9; 1,020.7; 1,053.9; 1,090.4; 1,138.2; 1,179.0

### Table 20. Current Account Balance (Billions of U.S. dollars) — Averages and Projections
- MENAP: 175.3 (Average 2000–15); -120.2 (2016); -16.1 (2017); 100.2 (2018); -9.9 (2019); -47.9 (2020)
- MENAP oil exporters: 195.2; -68.1; 41.7; 158.1; 43.4; 1.8
- MENAP oil importers: -19.9; -52.0; -57.8; -57.9; -53.4; -49.6
- CCA: 4.2; -19.7; -7.8; 1.2; -5.0; -6.9
- CCA oil and gas exporters: 6.9; -16.5; -5.9; 4.7; -1.7; -3.6
- CCA oil and gas importers: -2.6; -3.2; -1.9; -3.5; -3.2; -3.3
- Memorandum aggregates:
  - MENA: 175.9; -116.9; -4.4; 118.3; 2.8; -41.2
  - MENA oil importers: -19.3; -48.8; -46.2; -39.8; -40.7; -42.9
  - GCC: 157.0; -38.0; 41.4; 140.7; 86.5; 50.7
  - Non-GCC oil exporters: 38.2; -30.1; 0.3; 17.4; -43.0; -49.0
  - Arab World: 159.2; -133.2; -20.9; 100.0; 15.0; -25.6

### Table 21. Current Account Balance (Percent of GDP) — Averages and Projections
- MENAP: 8.2 (Average 2000–15); -3.9 (2016); -0.5 (2017); 2.9 (2018); -0.3 (2019); -1.4 (2020)
- MENAP oil exporters: 11.6; -3.2; 1.8; 6.2; 1.7; 0.1
- MENAP oil importers: -2.2; -5.6; -6.7; -6.5; -5.9; -5.2
- CCA: 0.6; -5.9; -2.3; 0.3; -1.3; -1.7
- CCA oil and gas exporters: 1.9; -5.6; -1.9; 1.5; -0.5; -1.0
- CCA oil and gas importers: -9.0; -8.3; -4.7; -7.9; -7.1; -6.7
- Memorandum aggregates:
  - MENA: 8.8; -4.2; -0.2; 3.8; 0.1; -1.3
  - MENA oil importers: -3.2; -7.7; -8.6; -7.2; -6.7; -6.4
  - GCC: 15.3; -2.8; 2.8; 8.5; 5.3; 3.1
  - Non-GCC oil exporters: 6.1; -3.8; 0.0; 1.9; -4.7; -5.3
  - Arab World: 9.8; -5.6; -0.9; 3.7; 0.6; -0.9

### Table 22. Gross Official Reserves (Billions of U.S. dollars) — Averages and Projections
- MENAP: 796.3 (Average 2000–15); 1,163.6 (2016); 1,124.0 (2017); 1,148.7 (2018); 1,126.0 (2019); 1,076.5 (2020)
- MENAP oil exporters: 710.2; 1,032.3; 979.0; 1,004.2; 986.0; 933.8
- MENAP oil importers: 86.2; 131.3; 145.1; 144.4; 140.0; 142.7
- CCA: 37.4; 67.6; 72.8; 72.3; 70.8; 72.9
- CCA oil and gas exporters: 33.3; 60.2; 64.5; 63.7; 61.8; 63.7
- CCA oil and gas importers: 4.1; 7.4; 8.4; 8.6; 9.0; 9.2
- Memorandum aggregates:
  - MENA: 786.0; 1,138.1; 1,099.7; 1,130.6; 1,110.8; 1,057.0
  - MENA oil importers: 75.8; 105.8; 120.8; 126.4; 124.8; 123.2
  - GCC: 430.4; 704.6; 656.4; 680.9; 708.5; 693.1
  - Non-GCC oil exporters: 279.8; 327.7; 322.6; 323.3; 277.5; 240.6
  - Arab World: 718.9; 1,033.9; 994.0; 1,029.5; 1,025.3; 988.2

### Table 23. Total Gross External Debt (Percent of GDP) — Averages and Projections
- MENAP: 30.9 (Average 2000–15); 40.3 (2016); 43.7 (2017); 43.7 (2018); 45.2 (2019); 46.6 (2020)
- MENAP oil exporters: 26.9; 39.2; 39.8; 39.5; 41.7; 42.6
- MENAP oil importers: 41.5; 42.9; 53.8; 55.6; 55.0; 57.3
- CCA: 56.8; 72.4; 77.3; 74.9; 69.1; 66.1
- CCA oil and gas exporters: 56.1; 69.8; 75.4; 73.0; 66.2; 62.9
- CCA oil and gas importers: 64.9; 92.2; 90.8; 88.3; 89.8; 89.5
- Memorandum aggregates:
  - MENA: 30.4; 42.0; 45.7; 45.0; 46.1; 47.1
  - MENA oil importers: 44.3; 51.2; 70.5; 70.2; 64.5; 64.0
  - GCC: 30.7; 55.2; 56.0; 55.0; 58.6; 59.8
  - Non-GCC oil exporters: 21.7; 10.9; 11.0; 10.1; 10.5; 11.0
  - Arab World: 36.1; 48.8; 53.5; 52.3; 53.6; 54.6

### Table 24. Gross Official Reserves (Months of Imports) — Averages and Projections
- MENAP: 10.0 (Average 2000–15); 10.9 (2016); 10.1 (2017); 10.1 (2018); 9.6 (2019); 8.9 (2020)
- MENAP oil exporters: 11.4; 12.5; 11.5; 11.4; 11.0; 10.0
- MENAP oil importers: 5.5; 5.6; 5.8; 5.7; 5.3; 5.2
- CCA: 5.2; 8.3; 7.8; 7.5; 7.2; 7.0
- CCA oil and gas exporters: 5.9; 9.7; 9.0; 8.6; 8.2; 8.1
- CCA oil and gas importers: 2.9; 3.9; 3.8; 3.8; 3.9; 3.8
- Memorandum aggregates:
  - MENA: 10.3; 11.3; 10.5; 10.5; 10.0; 9.2
  - MENA oil importers: 6.0; 5.9; 6.4; 6.5; 6.1; 5.8
  - GCC: 10.2; 12.2; 11.1; 11.1; 11.1; 10.5
  - Non-GCC oil exporters: 14.7; 13.7; 12.8; 12.3; 10.4; 8.5
  - Arab World: 10.1; 11.1; 10.2; 10.1; 9.7; 9.0

### Financial Soundness Indicators — Selected Tables and Indicators (Selected dates where provided)
- Table 25. Capital Adequacy Ratios (Percent of risk-weighted assets) — selected country snapshots (Dec-15 to Mar-19)
  - Saudi Arabia: 1.9 (Dec-15); 1.8 (Dec-16); 2.0 (Dec-17); 2.2 (Mar-18); 2.1 (Jun-18); 2.2 (Sep-18); 2.1 (Dec-18); 2.4 (Mar-19)
  - United Arab Emirates: 1.6; 1.5; 1.5; 1.5; 1.7; 1.7; 1.6; 1.8
  - Pakistan: 1.5; 1.3; 0.9; 0.9; 0.8; 0.8; 0.8; 0.8
  - Georgia: 2.7; 3.1; 3.1; 3.0; 3.0; 2.7; 3.0; 2.4
  - West Bank and Gaza (Memorandum): 1.5 (consistent across Dec-15 to Mar-19)

- Table 26. Return on Assets (Pre-tax, percent) — selected country snapshots (Dec-15 to Mar-19)
  - Saudi Arabia: 1.2 (Dec-15); 1.4 (Dec-16); 1.6 (Dec-17); 1.7 (Mar-18); 1.8 (Jun-18); 1.8 (Sep-18); 2.0 (Dec-18); 1.9 (Mar-19)
  - United Arab Emirates: 5.0; 5.1; 5.3; 5.8; 5.8; 5.7; 5.6; 5.7
  - Pakistan: 11.4; 10.1; 8.4; 8.3; 7.9; 8.0; 8.0; 8.2
  - Tajikistan (noted series): 29.9; 54.0; 36.5; 34.3; 32.6; 32.4; 31.1; 30.0

Final note: Sources: National authorities; and IMF staff estimates and projections.

*Sources: National authorities; and IMF staff estimates and projections.*

### Section 4

### Table 27. Nonperforming Loans

### Table summary
- Metric: Nonperforming Loans (90-day basis, percent of total loans)
- Coverage note: Conventional retail banks only; excludes Islamic Wholesale and Retail banks along with Conventional Wholesale banks.
- Sources: National authorities, and IMF staff estimates.
- Additional note: West Bank and Gaza is not a member of the IMF and is not included in any of the aggregates.

### Country series
- Uzbekistan (sequence as presented): 1.5 0.7 1.2 1.2 1.3 1.3 1.3 1.4
- Memorandum — West Bank and Gaza (as presented): 8 2.1 2.2 2.3 2.3 2.8 3.1 3.0 3.2

### Key statistics (individual values preserved)
- Uzbekistan: 1.5 percent; 0.7 percent; 1.2 percent; 1.2 percent; 1.3 percent; 1.3 percent; 1.3 percent; 1.4 percent.
- West Bank and Gaza (memorandum): 8; 2.1 percent; 2.2 percent; 2.3 percent; 2.3 percent; 2.8 percent; 3.1 percent; 3.0 percent; 3.2 percent.

### Footnotes and data conventions (as listed)
- 1 Conventional retail banks only; excludes Islamic Wholesale and Retail banks along with Conventional Wholesale banks.
- 2 December data refer to March data of the following year.
- 3 National banks only.
- 4 Data refer to end of fiscal year.
- 5 Defined as loans overdue between at least 1 and 270 days.
- 6 Only the overdue portion of principal and interest is disclosed as NPL.
- 7 Overdue by 30 days or more.
- 8 West Bank and Gaza is not a member of the IMF and is not included in any of the aggregates.

*Sources: National authorities, and IMF staff estimates.*

---


_Source: https://www.imf.org/-/media/files/publications/reo/mcd-cca/2019/october/english/stat-appendix-with-front-matter-and-fsi-tables.pdf_