Survey of Economic and Social Developments in the Arab Region 2016-2017 Summary Skip to main content

Survey of Economic and Social Developments in the Arab Region 2016-2017 Summary

Symbol: 
E/ESCWA/EDID/2017/1/SUMMARY
Issued in: 
2017

The average growth rate of the gross domestic product (GDP) of the Arab region in real terms is estimated to be 1.8 percent in 2016 as the economic expansion of Arab countries decelerated.

As Arab countries need to redouble their efforts for fiscal consolidation, more initiatives through regional cooperation is called for in order to optimize the use of the financial, human and natural resources the Arab region possesses to boost the Arab region’s socioeconomic development.