According to the annual report of the Arab Economic Unity Council, the Arab GDP is improving.
Her is the summery:
Ads
- Arab gross domestic product reached $860 billion in 2004 compared to 746.1 billion the year before.
- GDP growth ranged between 1.2 and 6.5 per cent while the GDP per capita rose to $2879 in 2004, compared to 2572 in 2003.
- The report exempted Egypt from the recorded rise in per capita income, where it dropped by 7.6 per cent as a result of the fall in the exchange rate of the Egyptian pound and inflation.
- Bahrain ranked first among the Arab states in containing inflation that reached 0.40 per cent in 2004, compared to 2.2 per cent the year before, while Sudan recorded the highest inflation of 17.1 per cent. In Egypt, it dropped to 4.1 per cent from 4.6 per cent.
- Inflation also rose in Kuwait, Jordan, Algeria, Saudi Arabia, Lebanon, Morocco, Mauritania and Yemen.
- Value of Arab exports increased to $397.4 billion last year, or by 30.4 per cent, from 304.6 billion in 2003. Arab imports posted a growth of 34.2 per cent, rising to $241.9 billion in 2004, compared to 194.8 billion in 2003.
- The European Union came first as a trade partner of the Arab states, receiving 28.2 per cent of Arab exports in 2003, compared to 29.2 per cent in 2004. Exports to the US rose from 8.4 per cent to 10.2 per cent, to Japan from 17.1 per cent to 18 per cent.
- The share of the Arab exports to Southeastern Asian countries fell by 13.3 per cent to 12.4 per cent, while the inter-Arab export compared to the overall Arab exports dropped from 8.4 per cent to 8.1 per cent.
Contextually Related posts:
{ 1 trackback }