The 2017 economic outlook for the MENA region shows moderate GDP growth in the UAE driven by the non-oil sector, while Israel's growth is fueled by private consumption despite a drop in exports. Iran benefits from increased tourism and crude oil production. However, geopolitical risks and structural issues are impacting the economic forecasts, with Egypt showing improvement due to government reforms.

1. Latest Highlights
1
2
3
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52017 GDP Forecasts
Annual Variation in %
MENA: 2017 ECONOMIC OUTLOOK
UAE: Economy continues to expand at a moderate pace, with the non-oil sector powering growth
Israel: Growth driven by solid growth in private consumption and fixed investment, while exports
contracted sharply
Iran: Economy benefiting from growth in tourism exports, foreign direct investment and crude oil
production
-1
0
1
2
3
4
5
Saudi
ArabiaKuwait
IraqMENAUAEQatarAlgeriaIsraelIranEgypt
FocusEconomics Consensus Forecast Middle East & North Africa, October 2017
4.1 3.9
3.3
2.5
2.0 2.0 2.0 1.7
-0.3 -0.4
Egypt: Activity continues to firm up, thanks to the government’s bold reform agenda and improved
international competitiveness due to a weaker pound
2017
Consensus
Forecast
2.0%
Geopolitical risks and structural imbalances across countries are weighing on the outlook