The Russia-Ukraine war affected economic growth and government finances in North Africa. According to projections, the fiscal balance as a share of GDP declined in all North African countries due to the war. Considering the long-conflict scenario, with the war continuing after June 2022, Egypt's budget balance would correspond to minus 4.6 percent of the GDP in 2022. In contrast, the baseline scenario saw the fiscal balance at minus four percent of the GDP. In Libya, the ratio would reach minus 118.6 percent, compared to a baseline scenario of minus 117 percent.
Impact of the Russia-Ukraine war on the budget balance as a share of GDP in North Africa in 2022, by country
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ESCWA. (July 12, 2022). Impact of the Russia-Ukraine war on the budget balance as a share of GDP in North Africa in 2022, by country [Graph]. In Statista. Retrieved November 23, 2024, from https://www.statista.com/statistics/1322452/impact-of-the-russia-ukraine-war-on-fiscal-balance-in-north-africa-by-country/
ESCWA. "Impact of the Russia-Ukraine war on the budget balance as a share of GDP in North Africa in 2022, by country." Chart. July 12, 2022. Statista. Accessed November 23, 2024. https://www.statista.com/statistics/1322452/impact-of-the-russia-ukraine-war-on-fiscal-balance-in-north-africa-by-country/
ESCWA. (2022). Impact of the Russia-Ukraine war on the budget balance as a share of GDP in North Africa in 2022, by country. Statista. Statista Inc.. Accessed: November 23, 2024. https://www.statista.com/statistics/1322452/impact-of-the-russia-ukraine-war-on-fiscal-balance-in-north-africa-by-country/
ESCWA. "Impact of The Russia-ukraine War on The Budget Balance as a Share of Gdp in North Africa in 2022, by Country." Statista, Statista Inc., 12 Jul 2022, https://www.statista.com/statistics/1322452/impact-of-the-russia-ukraine-war-on-fiscal-balance-in-north-africa-by-country/
ESCWA, Impact of the Russia-Ukraine war on the budget balance as a share of GDP in North Africa in 2022, by country Statista, https://www.statista.com/statistics/1322452/impact-of-the-russia-ukraine-war-on-fiscal-balance-in-north-africa-by-country/ (last visited November 23, 2024)
Impact of the Russia-Ukraine war on the budget balance as a share of GDP in North Africa in 2022, by country [Graph], ESCWA, July 12, 2022. [Online]. Available: https://www.statista.com/statistics/1322452/impact-of-the-russia-ukraine-war-on-fiscal-balance-in-north-africa-by-country/
