MENA region:

It indicates a large region, from Morocco in north-west Africa to Iran in south-west Asia, which
generally includes all the countries of the Middle East and North Africa.

MENA countries:

 Algeria ( Africa )
 Iraq. ( Asia )
 Saudi Arabia. ( Asia )
 Israel. ( Asia )
 Bahrain. ( Asia )
 Jordan. ( Asia )
 Djibouti. ( Africa )
 Kuwait. ( Asia )
 Egypt. ( Africa )
 Lebanon. ( Asia )
 United Arab Emirates.
 Libya. ( Africa )
 Ethiopia. ( Africa )
 Mauritania. ( Africa )
 Iran. ( Asia )
 Morocco. ( Africa )
 Oman. ( Asia )
 Qatar. ( Asia )
 Sudan. ( Africa )
 Syria. ( Asia )
 Occupied Palestinian Territories. ( Asia )
 Tunisia. ( Africa )
 Yemen. ( Asia )

Monitoring the economic situation in the MENA :

 2014: The locale is anticipated to develop by an normal of 4.2% in 2015, a slight change over
2013 and 2014. Financial development may indeed reach 5.2%, subject to an upturn in
household utilization, the facilitating of political pressures in Egypt and Tunisia, which can
energize a return of venture, and a full resumption of oil generation in Libya. Translated with
www.DeepL.com/Translator (free adaptation)
 2015: Whereas the worldwide economy is on track for a continuous recuperation, the
financial viewpoint within the Middle East and North Africa (MENA) remains constrained.
Development within the MENA locale is anticipated to moderate down in 2015 to between
 3.1 and 3.3 percent concurring to the World Bank and Projection listened separately, and to
proceed at the same pace in 2016.
 2016: The short-term financial viewpoint for the Middle East and North Africa locale has not
in a general sense changed and remains "cautiously critical", as detailed within the January
2016 Quarterly Financial Pamphlet. Concurring to the unused Financial Monitoring Report,
normal development within the locale is anticipated to stay around 3 per cent in 2016 as a
result of a combination of respectful wars, outcast streams, fear monger assaults, moo oil
costs and the moderate recuperation of the worldwide economy.
 2017: The middle East and North Africa (MENA) locale, tormented by war and viciousness
and moo oil costs, will see its development rate decrease from 3.5% in 2016 to 2.6% in 2017.
Be that as it may, after 2017, beneath the impulse of progressing changes, the circumstance
is anticipated to progress marginally, and development may surpass 3 per cent in 2018 and
2019.
 2018: In 2018, a few variables are anticipated to contribute to a bounce back in financial
development within the Middle East and North Africa (MENA) locale: a great worldwide
environment, the recuperation of oil costs, adjustment arrangements and changes, as well as
recuperation and reproduction forms in a post-conflict viewpoint. The figure calls for
territorial development of 3.1% in 2018, taking after a sharp decay between 2016 (4.3%) and
2017 (2%). This recuperation is broad-based and will affect almost all nations within the
locale.
 2019 : The World Bank gauges that financial development within the Middle East and North
Africa is anticipated to proceed at a direct pace of around 1.5 to 3.5% over the period 2019-
2021, with a few countries lagging behind whereas many are anticipated to rise within the
lead. Whereas a few MENA nations have for several years been posting what this report calls
"unexplained" current account equalizations, financial arrangement is not completely playing
its conventional part as a determinant of the current account. In expansion, the region's
capacity to move investment funds over nations shows up to have changed since 2014, when
the worldwide rebuilding of the oil showcase got to be a matter of course.

 Model of Solow :

Economic growth refers to the increase in a country's output (of goods and services) over a long
period of time. If the period is short, the term expansion is preferred.

A common way to measure growth is to calculate the growth rate, which indicates the change in GDP
from one year to the next (in %). In other words, by adding up the value of all the "wealth" (goods
and services) that a country has produced over a certain period of time (a year, for example), the
GDP is calculated. If the value of GDP has increased over several years, this is called growth.

GDP is supposed to measure a country's overall wealth, but it is an incomplete indicator if we want to
assess the well-being or standard of living of the population. For example, it does not take into
account the distribution of wealth within its population, nor the negative externalities caused by
production. On the other hand, an increase in GDP does not necessarily mean that the standard of
living is also increasing: the population may be growing faster than the wealth produced.

While growth and development of a country are often associated, growth is generally considered to
be an economic indicator that is not sufficient to measure development. Since growth is a
quantitative indicator, it does not measure the quality of development.

 For our analysis we chose to work with Excel because it is a simple and easy to use tool, it
also allows flexible management: it is easier to merge data, make calculations, move data from one
column to another.

In order to establish our analysis, we gathered data (GDP, growth, GDP per capita) of different
countries from the word and then interpreted them in an objective way in order to be able to affirm
one of the hypotheses presented at the beginning.

The method used is linear regression, which brings together the data collected from 2008 to 2018 in
the same graph and then defines the trend for each country, countries. We have calculated the
correlation between growth and GDP per capita. We can consider that the countries with a negative
correlation belong to a convergence club.

The following examples represents the work of analysis of the different variables of each country;

Tunisia:
GDP PER
year REAL GDP GROWTH CAPITA
50899124214,0
2018 6 2,5% 4401,1
49666003353,3
2017 6 1,8% 4343,9
48775999720,5
2016 5 1,3% 4315,0
48167866634,0
2015 6 1,2% 4308,4
47599273438,5
2014 9 3,0% 4302,5
46225723068,3
2013 2 2,9% 4220,4
44933645382,1
2012 4 4,0% 4142,5
43206394578,7
2011 3 -1,9% 4022,2
44050929160,2
2010 6 3,5% 4142,0
42556922174,1
2009 0 3,0% 4043,1
41299978412,7
2008 4
 The scatter plot
4500.0
4400.0
4300.0
GDP per capita

4200.0
f(x) = 1233.57685966921 x + 4197.8994731195
R² = 0.0253969153337085
4100.0
4000.0
3900.0
3800.0
-3.0% -2.0% -1.0% 0.0% 1.0% 2.0% 3.0% 4.0% 5.0%
Axis Title

Covariance 0,317240036
Correlation Coefficient 0,159364097
y = 1233,6x +
Y= aX+b 4197,9
a 1233,6
b 4197,9

Morocco:
GDP PER
year REAL GDP GROWTH CAPITA
123009160840,1
2018 9 3,0% 3361,2
119437717293,9
2017 0 4,2% 3305,4
114585205650,4
2016 4 1,1% 3212,8
113383503344,9
2015 4 4,5% 3222,1
108463202314,7
2014 5 2,7% 3125,1
105643067055,4
2013 7 4,5% 3087,1
101059586129,6
2012 8 3,0% 2995,5
2011 98106615021,85 5,2% 2948,8
2010 93216746661,60 3,8% 2839,9
2009 89790590993,49 4,2% 2771,0
2008 86135221236,45 2691,267812
 The scatter plot
4000.0
3500.0
3000.0 f(x) = − 5145.85355529883 x + 3273.90580166621
GDP per capita

R² = 0.101948735539104
2500.0
2000.0
1500.0
1000.0
500.0
0.0
0.5% 1.0% 1.5% 2.0% 2.5% 3.0% 3.5% 4.0% 4.5% 5.0% 5.5%
Axis Title

Covariance -0,687004278
Correlation Coefficient -0,319294121
y = -5145,9x +
Y= aX+b 3273,9
a -5145,9
b 3273,9

Qatar:
GDP PER
year REAL GDP GROWTH CAPITA
175970440575,3
2018 6 1,5% 63260,6
173381268748,8
2017 9 1,6% 63632,6
170684705988,9
2016 7 2,1% 64303,2
167122799519,8
2015 5 3,7% 65137,1
161225944072,6
2014 9 4,0% 65560,4
155056431405,2
2013 8 4,4% 66360,6
148506870584,2
2012 0 4,7% 67623,8
141857635543,4
2011 5 13,4% 69679,1
125122306346,1
2010 5 19,6% 67403,2
104624021240,9
2009 1 12,0% 63218,8
2008 93450549190,61 65046,86144
 The scatter plot
72000.0
70000.0
68000.0
GDP per capita

f(x) = 18266.4196080917 x + 64396.5873799393

66000.0 R² = 0.272378301971519
64000.0
62000.0
60000.0
58000.0
0.0% 5.0% 10.0% 15.0% 20.0% 25.0%
Axis Title

Covariance 61,8415285
Correlation Coefficient 0,521898747
y = 18266x +
Y= aX+b 64397
a 18266
b 64397