According to MENA Economic Prospects and Developments 2008, the GDP of the MENA region grew by 5.7 percent in 2007, marking the fifth year in a row that average growth was above 5 percent. While this is impressive in relation to past performance, it is lower than growth achieved in most other parts of the developing world. To keep up in an increasingly competitive global environment, the region will have to continue to make structural reforms in business climate, trade policy and governance.