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Azerbaijan will see government debt/GDP ratio at 6% next year

24 October 2008 13:47 (UTC +04:00)

Baku. Vahab Rzayev â€“ APA-Economics. The government debt/GDP ratio is predicted to be 5.9% in Azerbaijan in 2009, compared to 6% in 2008, said the October 2008 IMF Regional Economic Outlook: Middle East and Central Asia.
Azerbaijan will rank the 7th in terms of the government debt/GDP ratio among 30 region countries in both 2008 and 2009. Libya is expected to top the list with zero debt.

Countries	Total Government Debt (In percent of GDP)
Countries	2000-2004 (average)	2004	2005	2006	2007 (est)	2008-ci il (proj)	2009-cu il (proj)
Oil Exporters	45.2	36.1	24.9	19.6	14.9	10.9	9.3
Azerbaijan	22.4	20.2	13.3	10.2	9.1	6.0	5.9
Algeria	53.4	36.6	27.3	23.8	12.1	8.7	7.8
Bahrain	32.5	34.2	28.6	23.3	19.6	18.4	18.2
Iran	23.4	26.3	23.7	19.7	17.2	13.4	11.5
Iraq	-	486.9	365.0	205.7	168.5	50.6	49.9
Kazakhstan	17.9	11.4	8.1	6.7	5.8	5.2	5.5
Kuwait	27.9	17.3	11.8	8.5	7.0	5.0	4.9
Libya	27.8	1.4	1.0	0.0	0.0	0.0	0.0
Oman	19.7	15.4	9.6	9.1	6.3	4.2	3.5
Qatar	46.1	27.8	19.3	13.2	8.9	5.8	4.1
Saudi Arabia	85.0	65.0	38.9	27.3	18.7	10.7	7.0
Syria	120.1	109.7	56.8	52.1	44.4	40.7	40.5
Turkmenistan	22.4	9.2	5.4	3.3	2.4	2.8	2.5
United Arab Emirates	5.7	8.2	9.2	10.0	10.6	9.4	10.2
Low-income countries	86.7	72.3	61.7	50.3	44.8	37.2	34.3
Afghanistan	-	-	-	-	-	-	-
Armenia	32.1	32.4	24.3	18.7	17.4	15.8	13.9
Djibouti	68.2	73.7	67.6	63.2	62.1	53.4	49.1
Georgia	60.6	45.7	35.7	28.6	20.8	16.1	15.1
Kyrgyzstan	107.3	92.9	85.9	72.5	57.7	43.5	36.2
Mauritania	227.7	232.7	208.6	110.5	112.6	80.1	72.5
Sudan	145.7	120.8	104.9	86.2	77.1	63.7	60.1
Tajikistan	83.4	43.1	42.3	35.5	34.8	32.1	34.8
Uzbekistan	46.6	35.1	28.2	21.3	15.8	13.5	10.6
Yemen	57.7	52.1	43.8	40.8	40.5	34.7	32.3
*Emerging markets*	86.7	87.7	86.3	77.8	72.0	69.1	64.7
Egypt	97.4	112.9	112.8	98.8	88.7	81.9	74.5
Jordan	97.6	91.8	84.2	81.5	79.7	65.3	63.8
Lebanon	162.8	167.1	178.4	177.4	170.6	163.4	159.3
Morocco	65.9	59.4	63.1	58.1	53.6	50.2	49.9
Pakistan	78.1	67.8	62.9	57.3	54.6	56.9	53.2
Tunis	61.0	59.4	58.3	53.9	50.9	47.0	45.4
Middle East and Central Asia in total	60.4	53.7	45.2	38.6	33.5	29.6	27.0

The Regional Economic Outlook (REO) covers 30 countries, divided into three groups for analytical purposes: Oil exporters, low-income countries (LICs) and emerging markets. For each of the three groups the REO presents key economic issues, and an assessment of growth prospects as well as policy challenges. In addition, the REO takes a closer look at topical issues related to individual countries or industries in the region.