This statistic shows gross domestic product (GDP) of the MENA countries in 2023. The MENA region in North Africa and the Middle East comprises the countries Algeria, Bahrain, Egypt, Iran, Iraq, Israel, Jordan, Kuwait, Lebanon, Libya, Morocco, Oman, Qatar, Saudi Arabia, Syria, Tunisia, United Arab Emirates and Yemen. In 2023, GDP of Algeria amounted to approximately 240.06 billion U.S. dollars.

This statistic shows gross domestic product (GDP) of the Arab world in 2023. In 2023, GDP of Algeria amounted to approximately 240.06 billion U.S. dollars.

The statistic shows gross domestic product (GDP) per capita in the countries of the Arab world in 2023. GDP is the total value of all goods and services produced in a country in a year. It is considered to be a very important indicator of the economic strength of a country and a positive change is an indicator of economic growth. In 2023, GDP per capita in Algeria amounted to around 5,221.81 U.S. dollars.

Graph and download economic data for Gross Domestic Product Per Capita for Developing Countries in Middle East and North Africa (NYGDPPCAPCDMNA) from 1960 to 2023 about North Africa, Middle East, per capita, and GDP.

Kuwait and Saudi Arabia were expected to have the highest GDP (Gross Domestic Product) growth in the Gulf Cooperation Council in 2022 at an 8.7 and 7.6 percent increase, respectively. Outside the GCC, Iraq and Israel were expected to see the biggest increase in GDP at 9.3 and 6.1 percent, respectively. Apart from Jordan and Yemen, all other countries in the Middle East region were forecast to see a significant drop in GDP growth in 2023 over 2022.

GDP contributors Travel and tourism were a key contributor to GDP in the region and it was forecast to see a significant increase in the coming years. Additionally, in three of the six GCC countries, oil and gas production amounted to at least 40 percent of GDP contribution. The United Arab Emirates ranked fourth worldwide with a 27 percent contribution to GDP coming from oil and gas production. Despite this, the distribution of GDP contribution in the UAE comes from many different sectors and industries, leading to one of the more diversified economies in the region. Diversification and self-sufficiency Countries in the region have been striving for more economic diversity to help future-proof their economies. For example, in 2016 Saudi Arabia launched Vision 2030, a program to introduce new and varied revenue streams in the country, create jobs, and attract foreign investment. Furthermore, food self-sufficiency in the GCC has become a priority, with countries pushing to produce more of their food needs locally.

The statistic shows gross domestic product (GDP) per capita in the MENA countries in 2023. GDP is the total value of all goods and services produced in a country in a year. It is considered to be a very important indicator of the economic strength of a country and a positive change is an indicator of economic growth. The MENA region in North Africa and Asia comprises Algeria, Bahrain, Egypt, Iran, Iraq, Israel, Jordan, Kuwait, Lebanon, Libya, Morocco, Oman, Qatar, Saudi Arabia, Syria, Tunisia, United Arab Emirates and Yemen. In 2023, the estimated GDP per capita in Algeria amounted to around 5,221.81 U.S. dollars.

GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.

United Arab Emirates AE: GDP: Growth: Gross Value Added: Industry data was reported at -1.112 % in 2017. This records a decrease from the previous number of 2.323 % for 2016. United Arab Emirates AE: GDP: Growth: Gross Value Added: Industry data is updated yearly, averaging 3.019 % from Dec 2011 (Median) to 2017, with 7 observations. The data reached an all-time high of 8.477 % in 2011 and a record low of -1.112 % in 2017. United Arab Emirates AE: GDP: Growth: Gross Value Added: Industry data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s United Arab Emirates – Table AE.World Bank: Gross Domestic Product: Annual Growth Rate. Annual growth rate for industrial value added based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Industry corresponds to ISIC divisions 10-45 and includes manufacturing (ISIC divisions 15-37). It comprises value added in mining, manufacturing (also reported as a separate subgroup), construction, electricity, water, and gas. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average; Note: Data for OECD countries are based on ISIC, revision 4.

This statistic describes the total contribution of travel and tourism to gross domestic product (GDP) across the Middle East from 2012 to 2017, with an estimate for 2018 and a forecast for 2028. According to forecasts, the total contribution of travel and tourism to the GDP of Middle Eastern countries will amount to around 486.1 billion U.S. dollars by 2028.

United Arab Emirates AE: GDP: USD data was reported at 382.575 USD bn in 2017. This records an increase from the previous number of 357.045 USD bn for 2016. United Arab Emirates AE: GDP: USD data is updated yearly, averaging 73.571 USD bn from Dec 1975 (Median) to 2017, with 43 observations. The data reached an all-time high of 403.137 USD bn in 2014 and a record low of 14.721 USD bn in 1975. United Arab Emirates AE: GDP: USD data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s United Arab Emirates – Table AE.World Bank: Gross Domestic Product: Nominal. GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.; ; World Bank national accounts data, and OECD National Accounts data files.; Gap-filled total;

This dataset is about countries in the United Arab Emirates per year, featuring 4 columns: capital city, country, date, and GDP. The preview is ordered by date (descending).

United Arab Emirates AE: GDP: Growth: Gross Value Added: Agriculture data was reported at 3.042 % in 2017. This records a decrease from the previous number of 3.427 % for 2016. United Arab Emirates AE: GDP: Growth: Gross Value Added: Agriculture data is updated yearly, averaging 2.267 % from Dec 2011 (Median) to 2017, with 7 observations. The data reached an all-time high of 4.985 % in 2011 and a record low of -0.170 % in 2014. United Arab Emirates AE: GDP: Growth: Gross Value Added: Agriculture data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s United Arab Emirates – Table AE.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. Annual growth rate for agricultural value added based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Agriculture corresponds to ISIC divisions 1-5 and includes forestry, hunting, and fishing, as well as cultivation of crops and livestock production. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3 or 4.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average; Note: Data for OECD countries are based on ISIC, revision 4.

United Arab Emirates AE: Military Expenditure: % of GDP data was reported at 5.644 % in 2014. This records a decrease from the previous number of 6.035 % for 2013. United Arab Emirates AE: Military Expenditure: % of GDP data is updated yearly, averaging 5.462 % from Dec 1997 (Median) to 2014, with 18 observations. The data reached an all-time high of 8.630 % in 1998 and a record low of 3.226 % in 2006. United Arab Emirates AE: Military Expenditure: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s United Arab Emirates – Table AE.World Bank.WDI: Defense and Official Development Assistance. Military expenditures data from SIPRI are derived from the NATO definition, which includes all current and capital expenditures on the armed forces, including peacekeeping forces; defense ministries and other government agencies engaged in defense projects; paramilitary forces, if these are judged to be trained and equipped for military operations; and military space activities. Such expenditures include military and civil personnel, including retirement pensions of military personnel and social services for personnel; operation and maintenance; procurement; military research and development; and military aid (in the military expenditures of the donor country). Excluded are civil defense and current expenditures for previous military activities, such as for veterans' benefits, demobilization, conversion, and destruction of weapons. This definition cannot be applied for all countries, however, since that would require much more detailed information than is available about what is included in military budgets and off-budget military expenditure items. (For example, military budgets might or might not cover civil defense, reserves and auxiliary forces, police and paramilitary forces, dual-purpose forces such as military and civilian police, military grants in kind, pensions for military personnel, and social security contributions paid by one part of government to another.); ; Stockholm International Peace Research Institute (SIPRI), Yearbook: Armaments, Disarmament and International Security.; Weighted average; Data for some countries are based on partial or uncertain data or rough estimates.

This statistic depicts the share of the digital economy's contribution to the gross domestic product in the Middle East in 2015, by country. During that period of time, a 3.8 percent share of the GDP of Saudi Arabia was attributable to the digital economy.

United Arab Emirates AE: GDP: Deflator data was reported at 98.790 2007=100 in 2017. This records an increase from the previous number of 92.927 2007=100 for 2016. United Arab Emirates AE: GDP: Deflator data is updated yearly, averaging 43.545 2007=100 from Dec 1975 (Median) to 2017, with 43 observations. The data reached an all-time high of 115.698 2007=100 in 2012 and a record low of 27.951 2007=100 in 1975. United Arab Emirates AE: GDP: Deflator data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s United Arab Emirates – Table AE.World Bank: Gross Domestic Product: Nominal. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency. The base year varies by country.; ; World Bank national accounts data, and OECD National Accounts data files.; ;

GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.

The discovery of oil has had a huge impact on economics and politics within the Middle East, as well as the region’s relationship with the west and the way regional standards of living. Before the discovery of oil, fishing and pearling were the primary economic sectors of many Gulf States. After the discovery of oil and due to the immense value of oil, many Middle East countries made oil their economic focus, changing livelihood of their people in just a few decades. One example is Kuwait, whose economy focused mainly on fishing and pearling prior to the discovery of oil in 1934. Now, oil extraction and processing accounts for 50% of the country’s GDP, 90% of export earnings, and 75% of government revenues1. Typically, the more oil a country exports the less economically diverse it is. Booz & Company did a study to look at the economic diversity of the Gulf States, which are very oil-rich, in comparison to the rest of the world, and found that the economic diversity of the GCC (the countries of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates) was much lower than that of European or other “western” states3. Since oil is a nonrenewable resource it will become important for these countries to diversify their economies and become independent of oil as reserve levels decline. Recently, attempts of economic diversification have been made in several oil diverse nations such as the aluminum smelting industry in Bahrain, Qatar, and the UAE, taken up as an attempt to diversify their economy6; however, the reason that the industry of aluminum smelting has grown in these counties is because aluminum smelting requires immense amounts of oil. Therefore, the economics of these counties is in reality not that diversified. The Export Diversity Index is defined as the number of prominent commodities a country exports. Goods made from the same derivative, such as crude oil and petroleum products, were categorized as belonging in the same industry for simplicity purposes. The data represented in the map was obtained from lists of each country's ten most lucrative exports, and the index ranges on a scale of 1 to 10 different exports4. We noticed that the countries with the greatest volume oil resources had the lowest score on the index because more goods they produced were related to the oil industry. The map of oil reserves gives a good visual representation of which Middle Eastern countries are the most oil-rich, and shows a high concentration of marks in the Gulf states, particularly the in the Persian Gulf where off-shore reserves are located. The countries with the lowest score on the index were Saudi Arabia (with a score of 2), Kuwait (4), Bahrain (2), and Qatar (2). It is interesting to note that although other countries may have high concentrations of certain resources within their borders it is only the oil-rich countries that have the lowest levels of export diversity. The only exceptions to this trend are countries with a government that has made particularly strong efforts to become less oil-reliant, such as the United Arab Emirates7. Although, we recognize that a country's economic diversity also accounts for its domestic economy, which generally relies heavily on the country's exports. Therefore this analysis concludes that the Export Diversity Index is an indicator of a country's economic index. The data we have compiled has implications for the future of many of the Gulf States, especially Saudi Arabia, as the international community attempts to wean itself off of fossil fuels.Amanda Doyle, March 2012WORKS CITED1.“Kuwait Economy”. Encycopedia of the Nations, Advameg, Inc. 2011. http://www.nationsencyclopedia.com/Asia-and-Oceania/Kuwait-ECONOMY.html.2.Burke, Edmund, and Yaghoubian, David N. Struggle and Survival in the Modern Middle East. 2nd ed. University of California Press: Berkley, CA, 2006.3.“Economic Diversification”. The Ideation Center. 2011. http://www.ideationcenter.com/home/ideation_article/economic_diversification.4."UN Data: Country Profile”. UN Division of Statistics, United Nations. 2011. http://data.un.org/CountryProfile.aspx5."USGS identifies potential giant oil and gas fields in Israel/Palestine”. EnerGeoPolitics. 2010. http://energeopolitics.com/2010/04/09/usgs-identifies-potential-giant-oil-and-gas-fields-in-israelpalestine/6. "A Summary of Existing and New-Buuild Smelters in the Middle East". Aluminium International Today. January /February 2009. http://www.improvingperformance.com/papers/Primary%20Article%20AIT.pdf.7. "UAE to Diversify Economy - To Reduce Dependence on Oil and Natural Gas Revenues". Oil Gas Articles. 2011. http://www.oilgasarticles.com/articles/416/2/UAE-to-Diversify-Economy---To-Reduce-Dependence-on-oil-and-Natural-Gas-Revenues/Page2.html?PHPSESSID=e10561d4a9d2cf87f64fbdeb2e00f65d.

List of 10 countries from MENA region that were the focus of the study.

The purpose of this paper is to contribute to the existing literature by investigating the determinants of the profitability of Islamic and conventional banks in the Middle East region and revealing the most important factors for these two types of banks. Few papers have studied the performance of Islamic banks and compared their performance with conventional banks. The results from these limited research papers are also various, mainly because the sample sizes are small, or they have analysed data only from one country. Our research used a fixed effect panel data analysis on a sample of 270 banks (111 Islamic and 159 conventional banks) from 12 Middle East countries. We used an unbalanced annual panel of data covering the period 2012–2020. The results show that bank size, equity to assets, annual GDP growth, and annual average oil price have a significant positive effect on Islamic banks’ profitability, while non-performing loans to total gross loans and cost of running operations to operating income have a significant negative effect on both bank types. The results also show that non-performing loans to total gross loans and annual GDP growth contribute more to conventional banks profitability, while oil price contributes only to Islamic banks performance. Inflation and net loans to total assets have no effect on bank profitability for either Islamic or conventional banks. Furthermore, we also found that the Islamic banking industry had a more competitive structure. Our findings have important implications for managers, policy makers, investors and other stakeholders. They can help them to make decisions regarding investments, plans, budgeting, evaluation and the management of business operations.

United Arab Emirates AE: GDP: USD: Gross Value Added at Factor Cost: Services data was reported at 179.258 USD bn in 2017. This records an increase from the previous number of 174.205 USD bn for 2016. United Arab Emirates AE: GDP: USD: Gross Value Added at Factor Cost: Services data is updated yearly, averaging 38.140 USD bn from Dec 1975 (Median) to 2017, with 43 observations. The data reached an all-time high of 179.258 USD bn in 2017 and a record low of 3.749 USD bn in 1975. United Arab Emirates AE: GDP: USD: Gross Value Added at Factor Cost: Services data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s United Arab Emirates – Table AE.World Bank: Gross Domestic Product: Nominal. Services correspond to ISIC divisions 50-99. They include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges and import duties. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The industrial origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Data are in current U.S. dollars.; ; World Bank national accounts data, and OECD National Accounts data files.; Gap-filled total; Note: Data for OECD countries are based on ISIC, revision 4.