Arab Bank Group Financial Overview
In MENA oil-exporting countries, growth in non-oil activities is strong over the medium-term, supported by
spending and transformational programs, while the oil-importing countries are expected to have slower growth
9.0
6.0
3.0
0.0
-3.0
Global Economy - Growth Rate (%)
GDP growth by country (%)
2019
Jordan
2020 2021 2022 2023
Oil importing countries
1.8 (1.1) 3.7 2.4 2.6
2024
2.6
China
Palestine
1.4 (11.3) 7.0
3.9 (6.0)
(6.8)
MENA
Egypt (FY)
5.5
3.6
3.3
6.6
3.8
3.0
GCC
Tunisia
1.6
(8.6) ☐ 4.6
2.6
0.9
1.9
Oil exporting countries
US
Algeria
1.0
(5.1) 3.4
3.2
4.2
4.0
الله اكبر
Iraq
5.4 (12.1)
1.6
7.0 (2.7)
2.9
KSA
0.8 (4.3)
4.3
8.7
(0.9)
2.7
CUAE
1.1
(5.0)
4.4
7.9
3.5
4.0
Oman
(1.1) (3.4) 3.1
4.3 1.
1.3
1.4
Bahrain
2.2 (4.6) 2.6
4.9
2.7
3.6
Qatar
0.7
(3.6)
1.5
4.9
2.4
2.2
Euro Area
■ World
-6.0
2019
2020
2021
2022
2023
2024
البنك العربي
ARAB BANK
Source: IMF, World Economic Outlook, World Bank, National statistical offices of countries, and ABER
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