70
39
th
Annual Report
The Arab countries vary widely when looking at the performance
of individual economies, especially between oil producer and non-
producer countries. This is evident when comparing GDP growth
rates in 2011. Arab countries can be classified into four categories,
as follows:
The first category are
-
countries that have suffered from the
economic downturn:
this category includes four countries that
witnessed negative growth rates
: Libya (-60%),Yemen (-17.8%%),
Syria (-3.4%), and Tunisia (-1.5%).
The second category are countries that have a rate of growth
-
below 5%:
this category consists of ten Arab countries. The rate
of growth in these countries as follows: Lebanon (1.5%), Egypt
(1.8%), Bahrain and Comoros (2.2%), Algeria (2.5%), Jordan
(2.6%), Sudan (2.7%), Mauritania (3.6%), UAE (4.2%) and
Djibouti (4.5%).
The third category are countries that have a rate of growth
-
between 5 to 10%:
This category consists of six countries. The
rate of growth in these countries as follows: Morocco (5%), Oman
(5.5%), Saudi Arabia (7.1%), Kuwait (8.2%), Iraq (8.6%) and
Palestine (9.9%).
The fourth category are countries that have a rate of growth
-
exceed 10%:
This category consists of one country, Qatar with
growth rate of (14.1%).
Figure (1-14)
shows the development of
Arab Countries’ GPD in Current Prices 2009-2011:
