Economic Performance of Arabian Countries during the 1990s

  • Philip Molyneux
  • Munawar Iqbal
Part of the Palgrave Macmillan Studies in Banking and Financial Institutions book series (SBFI)


This chapter outlines the economic performance of Arabian countries over the last decade. The economic growth of Arabian countries (as measured by real GDP) slowed over 1982–91, averaging 1.6 per cent compared to 4 per cent for other developing countries over the same period. This slowness led to low levels of investment and high levels of unemployment. This was also associated with rising levels of external indebtedness and fiscal deficits, especially for non-oil exporting countries forcing many Arabian countries to undertake macroeconomic reforms to promote economic growth.


Financial System Saudi Arabia Financial Development Arab World External Debt 
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Copyright information

© Philip Molyneux and Munawar Iqbal 2005

Authors and Affiliations

  • Philip Molyneux
    • 1
  • Munawar Iqbal
    • 2
  1. 1.University of Wales BangorUK
  2. 2.Islamic Banking and Finance DivisionIslamic Research and Training Institute, Islamic Development BankJeddahSaudi Arabia

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