The cost was greater in countries that faced a bloody suppression of the revolution such as Libya (German - Archive)
A study conducted by an advisory group to the economic consequences of so-called Arab spring commissioned Libya, Syria, Egypt, Tunisia, Bahrain and Yemen 55 billion and $ 84 million, a loss would affect the GDP of these countries and their balance sheets.
She Jeopolisti group in her study, which was based on a database of the International Monetary Fund, the worst loss incurred by states that have cropped up where the popular revolts through bloodshed, which Syria and Libya, where the estimated cost of the revolution in first with $ 27.3 billion in the second, with $ 14.2 billion.
Egypt comes in third place with 9.79 billion dollars in Tunisia Bmiliran and $ 52 million and Bahrain billion and nine million dollars, primarily the latter Yemen to $ 98 million.
And will lose the total GDP of the six countries of $ 20.56 billion, while losing their balance sheets $ 35.5 billion as a result of declining revenues and increased burden.
Shrinking revenues
According to the same study, the cost of the revolution was so on the Libyan economy, including oil exports, which stalled for months, which cost the country nearly 7.7 billion dollars which is more than 28% of the gross domestic product of Libya.
And led a revolution in Egypt January 25 that toppled former President Hosni Mubarak to eat approximately 4.2% of GDP, due to high government expenditures by about $ 5.5 billion and reduced revenues by approximately 75 million.
In Syria, forecast available to the cost of the protests against the Assad regime to GDP be approximately six billion dollars, representing 4.5% of GDP, and the Yemen - the weakest Arab economy - the consequences of the turmoil led to the deterioration of the local currency and exacerbate the extent of poverty and economic damage the other, has resulted in the loss of about 6.3% of GDP.
Tunisia, Bahrain
As for Tunisia, which started from sparks recent uprisings, the estimated cost of the revolution on the economy in the range of two billion dollars, or 5.2% of GDP, which increased expenditures by 746 million, which shook the fiscal balance.
While the decline in GDP in Bahrain with about 2.77% as a result of the protests that swept the country months ago, has tempered the brunt of the country's oil revenues, and increased the size of government spending by nearly $ 2.1 billion.
But in return there was a positive impact on the budgets of the revolutions of other Arab countries, especially oil exporters, where the price of a barrel of oil increased its oil revenues for Saudi Arabia by 25% and the UAE with 31.8%.
A study group Jeopolisti that is required now is to develop a road map to take advantage of financial support pledged by the Group of Twenty seven adults and a group of Arab countries where popular uprisings.
Without this plan, the loans that would take these countries from the IMF or the World Bank would be limited impact in the course of implementation of the reforms desired.
Source: Agencies + island