The economy of the Arab countries during 2017 .. Iraq: rise in the unemployment rate and the volume of debt up to 123 billion dollars

The economy of the Arab countries during 2017 .. Iraq: rise in the unemployment rate and the volume of debt up to 123 billion dollars



24-12-2017 02:00 PM

The Euphrates -
 
2017 was not good for most economies in the Arab region, which suffered internal conflicts, painful terrorist attacks, and a diplomatic crisis at the Gulf House.

Iraqi economy

The foreign exchange reserve fell to $ 49 billion in 2017 from $ 80 billion in 2013. Unemployment and poverty rose by 25 percent and 30 percent respectively in 2017, compared with 12 percent and 19 percent respectively before the war against the terrorist organization Da'ash.

The International Monetary Fund predicted that the size of the Iraqi debt in 2017 to about 123 billion dollars.


Saudi Arabia's

Ministry of Finance announced the arrival of the budget deficit in the Kingdom during the first nine months of this year to 32.4 billion dollars.

The budget expenditure during the year 2017 amounted to about 890 billion riyals ($ 237.3 billion) against revenues of 692 billion riyals (184.5 billion dollars) with an estimated deficit of 198 billion riyals (52.8 billion dollars).

The IMF cut its growth forecast this year from 2.1% to 1.7%. The data of the General Organization for Statistics showed that GDP declined by 2.3% in the second quarter of this year, compared to the first quarter.


QATAR ECONOMY

Doha announced the highest economic growth rate in the Gulf region, achieved by the Qatari economy with growth of 2.5% .Although the land, air and sea blockade imposed on him.

The central bank increased reserves and liquidity to $ 36.1 billion in October 2017 from $ 35.6 billion in September, reaching $ 45.8 billion in May 2017 before Saudi Arabia, the United Arab Emirates, Bahrain and Egypt boycotted Doha on June 5 on charges of supporting terrorism. This is exactly what led to the retreat of the Qatari riyal in foreign markets to its lowest level against the dollar since 1988, recording 3.80 riyals per dollar.


The Egyptian economy

The exchange rate of the pound against the dollar fluctuated during 2017, as the year started at about 18 pounds, before settling at 17.76 pounds now.
Cairo expects economic growth this year to reach 5.25 percent, especially after foreign reserves in the central bank increased by 20 million dollars to 36.723 billion dollars at the end of November.
Inflation also fell on an annualized basis to 31.8% in October 2017. The

Syrian economy The Syrian economy has

suffered huge losses in all sectors. Even President Bashar al-Assad has expected to reach $ 400 billion, while international data show that the amount is even higher.

The foreign exchange reserves declined to $ 700 million in 2017 from $ 20 billion before the Syrian crisis. Growth is expected to reach zero, from minus 13 in the second year of the crisis.

The World Bank predicted that the rate of growth will exceed 3% in 2018 and 2019.

Despite the crisis that has been going on for about 7 years, the Syrian pound has witnessed a significant rise against the dollar after the decline of military operations and victories of the Syrian army with Russian support. The dollar reached the beginning of 2017 about 517 Syrian to close the year at the end of the exchange rate of about 434 Syrian pounds.


The Tunisian economy has

surpassed economic growth indicators, 2%, with expectations that it will realize the 2.3% threshold later this year.

The trade balance deficit was 23 percent of GDP (about 5.9 billion dollars) in the first 11 months of this year, while debt exceeded 69 percent of GDP.

The Tunisian dinar exchange rate fell to record levels, the lowest level in years, at 2.51 dinars per dollar, in the first 10 months of this year.

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