12/17/20

Growth rate of the GDP per capita revisited. 4. Arab Spring – an economic disaster

I intentionally avoid any economic discussion in this section and just present data on the annual GDPpc increment. Here we see the influence of noneconomic factors on economic development. These factors are rarely positive – almost two decades of healthy economic growth in the presented countries were suddenly stopped (except Morocco).


Figure 1. Algeria. Annual GDPpc the increment between 1961 and 2018 with the average value for the studied period of $188 (2011 prices). Notice the fall in 2011 and following poor performance


Figure 2. Same as in Figure 1 for Egypt.


Figure 3. Same as in Figure 1 for Iran.

Figure 4. Same as in Figure 1 for Iraq.


Figure 5. Same as in Figure 1 for Libya.


Figure 6. Same as in Figure 1 for Morocco

Figure 7. Same as in Figure 1 for Tunisia.


Figure 8. Same as in Figure 1 for Bahrain.


 

Figure 9. Same as in Figure 1 for Oman.


  

Figure 10. Same as in Figure 1 for Qatar.


 

Figure 11. Same as in Figure 1 for Saudi Arabia.


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