Impact of the Russia-Ukraine war on GDP growth in North Africa 2022, by country

The Russia-Ukraine war impacted economic growth in North Africa. According to projections, the North African countries were affected in different ways. Considering the long-conflict scenario, with the war continuing after June 2022, Algeria's GDP would grow by 7.89 percent in 2022 compared to the previous year. In contrast, the baseline scenario saw a projected growth of 4.7 percent, which would have occurred in the absence of the war. In this scenario, Algeria was the North African country benefitting the most from the war, mainly due to increasing oil prices. Libya's GDP growth rate was also projected to increase due to the Russia-Ukraine war. In contrast, the economies of Egypt, Morocco, and Tunisia were negatively impacted by the war.