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					2005 ICP Regional Summary: Middle East and North Africa
Overview
Ten Middle East and North Africa (MNA) countries participated in the 2005 ICP. Most
of the countries participated in the West Asia program coordinated by the Economic and
Social Commission for Western Asia (ESCWA). Iran was part of the Asia/Pacific
program and Morocco and Tunisia participated in the Africa program. Egypt participated
in both the West Asia and Africa programs. Algeria and Libya did not participate in the
2005 ICP.
All regional values include only the countries that participated in the 2005 International
Comparison Program.

Size of the economy
PPP-based GDP figures indicate that the MNA economies account for 2.9 percent of the
world economy as opposed to 1.2 percent based on GDP converted to US dollar using
market exchange rates. Iran and Egypt are the largest economies in the region and
account for about 70 percent of the MNA’s GDP and over half of the population.

          Middle-East and North Africa GDP shares


                    Tunisia   Yemen, Rep.
      Syrian Arab
       Republic                             Egypt, Arab
            Oman                               Rep.
           Morocco

         Lebanon

          Jordan

             Iraq


                                   Iran, Islamic
                                       Rep.




Living Standards
The region’s average GDP per capita in 2005 was $6150 in PPP terms. Only Oman and
Iran are above that mark.
                                             GDP per capita

   14,000

   12,000

   10,000
    8,000

    6,000

    4,000

    2,000
      -
              Oman      Iran,    Lebanon   Tunisia    Egy pt,    Jordan    Sy rian   Morocco   Iraq   Yemen,
                       Islamic                       Arab Rep.              Arab                       Rep.
                        Rep.                                              Republic




 economy                         GDP per capita, PPP ($)
 Middle-East and North Africa                      6,153
 Oman                                             11,466
 Iran, Islamic Rep.                                6,869
 Lebanon                                           4,208
 Tunisia                                           4,091
 Egypt, Arab Rep.                                  3,234
 Jordan                                            2,932
 Syrian Arab Republic                              2,644
 Morocco                                           2,142
 Iraq                                              1,811
 Yemen, Rep.                                       1,453



Actual Individual Consumption
Actual individual consumption is measured by the total value of household final
consumption expenditure, expenditures by non-profit institutions (such as NGOs and
charities) serving households, and government expenditure on individual consumption
goods and services (such as education or health). Oman and Lebanon have consumption
per capita levels above the world average, and all the other countries are less than half of
the world average.
                     Actual Individual Consumption per capita (World=100%)

  400%



  300%



  200%



  100%



    0%
            East Asia      Europe and High-income    Latin    Middle-East               South Asia       Sub-
           and Pacific     Central Asia           America and and North                                 Saharan
                                                   Caribbean     Africa                                  Africa



               Actual Individual Consumption per capita (World =100%)

  120.0%

  100.0%

   80.0%

   60.0%

   40.0%

   20.0%

    0.0%
             Oman         Iran,    Lebanon   Tunisia    Egy pt,    Jordan    Sy rian   Morocco   Iraq     Yemen,
                         Islamic                       Arab Rep.              Arab                         Rep.
                          Rep.                                              Republic




PPP-based measures of collective government consumption
Collective government consumption expenditures consist of expenditures incurred by
general and local governments for collective consumption services such as defense,
justice, general administration, and the protection of the environment. Lower prices for
such services in developing countries tend to reduce the dispersion of collective
government consumption per capita across regions compared to that observed for per
capita GDPs. Oman’s level of collective government consumption per capita is more than
four times the world average. Iran, Iraq, and Lebanon all exceed the world average as
well.
                 Collective Government Consumption per capita (World=100%)

  400%



  300%




  200%



  100%



    0%
            East Asia      Europe and High-income    Latin    Middle-East               South Asia       Sub-
           and Pacific     Central Asia           America and and North                                 Saharan
                                                   Caribbean     Africa                                  Africa




               Collective Government Consumption per capita (World =100%)

  500.0%
  450.0%
  400.0%
  350.0%
  300.0%
  250.0%
  200.0%
  150.0%
  100.0%
   50.0%
    0.0%
             Oman         Iran,    Lebanon   Tunisia    Egy pt,    Jordan    Sy rian   Morocco   Iraq     Yemen,
                         Islamic                       Arab Rep.              Arab                         Rep.
                          Rep.                                              Republic




PPP-based measures of gross fixed capital formation
Gross fixed capital formation measures countries’ investment expenditures, which are
mostly comprised of purchases of equipment and construction services.
                                       GFCF per capita (World=100%)

  400%


  300%


  200%


  100%


    0%
            East Asia      Europe and High-income    Latin    Middle-East               South Asia       Sub-
           and Pacific     Central Asia           America and and North                                 Saharan
                                                   Caribbean     Africa                                  Africa



                Gross Fixed Capital Formation per capita (World =100%)

  300.0%

  250.0%

  200.0%

  150.0%

  100.0%

   50.0%

    0.0%
             Oman         Iran,    Lebanon   Tunisia    Egy pt,    Jordan    Sy rian   Morocco   Iraq     Yemen,
                         Islamic                       Arab Rep.              Arab                         Rep.
                          Rep.                                              Republic




Price level indexes

A price level index (PLI) is the ratio of a PPP to the market exchange rate of the
numeraire currency. PLIs are used to compare price levels between countries. The PLI
indicates the relative price of GDP (or its components) in a country, as if it were
“purchased” after acquiring local currency at the prevailing exchange rate. PLIs are
generally low in poorest countries. This reflects the common experience of travelers who
find many (but not all) of the goods and services in the poorest countries relatively cheap
compared to similar products in their home country.

PLIs typically increase with income levels. Egypt and Iran appear to have relatively
cheap goods and services for their level of GDP per capita. In contrast, Morocco and
Jordan appear expensive.
           GDP Price Level Indexes, World = 100

80%


75%


70%
      Morocco
                      Jordan
65%


60%


55%


50%


45%


40%

                                                  Iran
35%
                       Egypt
30%
                         GDP per capita

				
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posted:12/20/2010
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Lingjuan Ma Lingjuan Ma MS
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