GCC Forecasts

 

View other forecasts

UAE 2018 2019 2020E 2021F 2022F
Nominal GDP USD bn 422.5 417.5 359.1 412.3 431.4
Real GDP % 1.2 3.4 -6.1 1.9 4.6
Current Account % GDP 9.6 8.9 5.8 8.1 8.9
Budget Balance % GDP 3.8 2.6 -2.4 1.2 1.5
CPI % 3.1 -1.9 -2.1 0.0 1.5
           
KSA 2018 2019 2020E 2021F 2022F
Nominal GDP USD bn 786.5 793.0 700.1 834.6 877.0
Real GDP % 2.4 0.3 -4.1 2.5 5.7
Current Account % GDP 9.2 4.8 -1.6 6.4 6.1
Budget Balance % GDP -5.9 -4.5 -11.2 -1.1 1.1
CPI % 2.5 -1.2 3.4 3.0 2.0
           
Qatar 2018 2019 2020E 2021F 2022F
Nominal GDP USD bn 183.3 175.8 145.9 187.7 196.9
Real GDP % 1.2 0.8 -3.6 2.5 4.5
Current Account % GDP 9.1 2.4 -2.5 2.8 3.8
Budget Balance % GDP 2.3 1.0 -2.1 7.6 6.8
CPI % 0.1 -0.9 -2.6 1.5 3.5
           
Kuwait 2018 2019 2020E 2021F 2022F
Nominal GDP USD bn 138.1 136.2 105.7 132.2 136.2
Real GDP % -0.6 -0.6 -8.9 1.4 4.6
Current Account % GDP 14.4 24.5 21.1 26.1 21.5
Budget Balance % GDP -3.1 -13.6 -33.2 -12.9 -12.5
CPI % 0.6 1.1 2.1 2.0 2.0
           
Oman 2018 2019 2020E 2021F 2022F
Nominal GDP USD bn 79.7 76.2 72.8 80.1 82.1
Real GDP % 0.9 -0.8 -2.8 2.4 3.3
Current Account % GDP -5.4 -5.6 -11.9 -4.5 -3.1
Budget Balance % GDP -8.6 -8.9 -15.7 -4.9 -3.8
CPI % 0.9 0.1 -0.9 1.0 1.0
           
Bahrain 2018 2019 2020E 2021F 2022F
Nominal GDP USD bn 37.7 38.5 34.5 39.7 41.5
Real GDP % 1.7 2.0 -5.8 3.4 4.1
Current Account % GDP -6.5 -2.1 -9.4 -4.1 -3.8
Budget Balance % GDP -6.3 -4.7 -12.9 -6.6 -4.0
CPI % 2.1 1.0 -2.3 0.0 2.0
           
GCC Average* 2018 2019 2020E 2021F 2022F
Nominal GDP USD bn 520.4 525.2 464.0 549.8 572.1
Real GDP % 1.6 1.1 -4.9 2.3 5.1
Current Account % GDP 8.6 6.6 1.2 7.2 7.2
Budget Balance % GDP -2.4 -3.1 -10.0 -0.8 0.3
CPI % 2.4 -0.5 0.9 2.5 2.5

* Weighted by normal GDP