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Middle East Economic Review 2012

E-zine Supplement

Middle East Economic Review 2012

The outlook for the regional economy has become considerably more complex as 2012 has progressed.



Read the 2012 Review online as an e-zine.

Real GDP Growth (%)

Click on the country name to see more economic and demographic data.

Country 2011 2012f 2013f
Algeria 2.5 3.1 3.4
Bahrain 1.8 2 2.8
Egypt 1.8 1.5 3.3
Gaza/West Bank 9 10 na
Iran 2 0.4 1.3
Iraq 9.9 11.1 13.5
Jordan 8.2 6.6 1.8
Kuwait 2.5 2.8 3
Lebanon 1.5 3 4
Libya -61 76.3 21
Morocco 4.3 3.7 4.3
Oman 5.5 5 4
Qatar 18.8 6 4.6
Saudi Arabia 6.8 6 4.1
Sudan -3.9 -7.3 -1.5
Syria na na na
Tunisia -0.8 2.2 3.5
UAE 4.9 2.3 2.8
Yemen -10.5 -0.9 2.9
f=forecast; na=Not Available. Source: IMF

Last Updated: June 2012

Go to Databank for more economic and industry data

Proven Oil Reserves

Country oil (billion barrels) % of world total
Algeria 12.2 0.7
Bahrain 0.6 0
Egypt 4.3 0.3
Iran 151.2 9.1
Iraq 143.1 8.7
Kuwait 101.5 6.1
Libya 47.1 2.9
Oman 5.5 0.3
Qatar 24.7 1.5
Saudi Arabia 265.4 16.1
Sudan 6.7 0.4
Syria 2.5 0.2
Tunisia 0.4 0
UAE 97.8 5.9
Yemen 2.7 0.2
b/d=barrels per day. Source: BP Statistical Review of World Energy. Proven reserves at the end of 2011

Oil Production

Country 2009 2010 2011l
Algeria 1,762 1,762 1,729
Bahrain na na na
Egypt 736 730 735
Iran 4,249 4,338 4,321
Iraq 2,447 2,480 2,798
Kuwait 2,477 2,518 2,865
Libya 1,652 1,659 479
Oman 813 865 891
Qatar 1,345 1,569 1,723
Saudi Arabia 9,809 9,955 11,161
Sudan (unified) 475 465 453
Syria 401 385 332
Tunisia 83 80 78
UAE 2,750 2,867 3,322
Yemen 306 301 228
All oil figures are thousand barrels per day. Source: BP Statistical Review of World Energy. Production at the end of 2011

Proven Gas Reserves

Country Gas (trillion cm) % of world total
Algeria 4.5 2.2
Bahrain 0.3 0.2
Egypt 2.2 1.1
Iran 33.1 15.9
Iraq 3.6 1.7
Kuwait 1.8 0.9
Libya 1.5 0.7
Oman 0.9 0.5
Qatar 25 12
Saudi Arabia 8.2 3.9
Syria 0.3 0.1
UAE 6.1 2.9
Yemen 0.5 0.2
cm=cubic metres. Source: BP Statistical Review of World Energy. Proven reserves at the end of 2011

Gas Production (bcm/d)

Country 2009 2010 2011
Algeria 79.6 80.4 78
Bahrain 12.8 13.1 13
Egypt 62.7 61.3 61.3
Iran 131.2 146.2 151.8
Iraq 1.2 1.3 1.9
Kuwait 11.2 11.7 13
Libya 15.9 16.8 4.1
Oman 24.8 27.1 26.5
Qatar 89.3 116.7 146.8
Saudi Arabia 78.5 87.7 99.2
Syria 5.6 7.7 8.3
UAE 48.8 51.3 51.7
Yemen 0.8 6.2 9.4
bcm/d=billion cubic metres per day. Source: BP Statistical Review of World Energy. 2011 figures.

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