MENA's Non-Oil Export Performance in the Last Decade
The political events reshaping the Middle East and North Africa (MENA) region underlines that the key to political stability and renewed growth is going to depend on enabling more inclusive political and economic paths. Exports and especially non-o...
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| Format: | Brief |
| Language: | English |
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World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2011/04/14282369/menas-non-oil-export-performance-last-decade http://hdl.handle.net/10986/10891 |
| Summary: | The political events reshaping the
Middle East and North Africa (MENA) region underlines that
the key to political stability and renewed growth is going
to depend on enabling more inclusive political and economic
paths. Exports and especially non-oil exports will play a
key role in developing the robust and inclusive growth model
that the region needs to secure its future. Exports of
non-oil goods and services play a much smaller role in MENA
than in other regions. In 2008, MENA's share of exports
of non-oil goods and services in Gross Domestic Product
(GDP) was just 16 percent compared to 44 percent in East
Asia and 22 percent in South Asia, and lower even compared
to the shares of Latin America and The Caribbean (LAC) and
Sub-Saharan Africa (SSA). These statistics are not
surprising since about two thirds of the countries in MENA
are net oil exporters, but the imperative to address
employment challenges in MENA calls for a special focus on
the state of nonoil exports. |
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