The Arab Corporation for Investment Assurance and Export Credit (guarantee) revealed the growth of Arab GDP by 1.8%, to exceed 3.6 trillion dollars, during the year 2024, with its continued geographical concentration in the Emirates, Saudi Arabia, Egypt, Iraq, and Algeria, with a share of 72% of the total region.
On the occasion of the issuance of the fourth quarterly bulletin, “Investment Guarantee” for the year 2024, the Foundation stated that the expectations of the performance of the Arab economy in its entirety came positive for 2025, with an expected growth rate of 4.1%, driven by the weighted growth in 14 Arab countries, including nine oil economies that contribute alone with more than 78% of the Arab product.
The Foundation explained that the International Monetary Fund estimates indicating the variation of the performance of the Arab economy indicators during the year 2024, due to the decline in crude oil production by about 4%, and its global prices at a rate of 1%. The Foundation pointed to the improvement of the average per capita output in the Arab countries at a rate of 1.2%, to reach $ 7557 in 2024, with expectations that it will rise at a rate of 1%, to reach 7602 dollars on average in 2025.
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