GCC Forecasts

 

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UAE 2018 2019 2020E 2021F 2022F
Nominal GDP USD bn 414.5 417.5 359.1 401.8 426.5
Real GDP % 1.7 4.8 -6.1 1.5 4.3
Current Account % GDP 9.8 8.9 5.8 7.3 9.0
Budget Balance % GDP 5.8 2.3 -0.2 1.0 1.4
CPI % 3.1 -1.9 -2.1 1.5 2.0
           
KSA 2018 2019 2020E 2021F 2022F
Nominal GDP USD bn 786.5 793.0 700.1 801.3 866.4
Real GDP % 2.4 0.3 -4.1 1.3 6.8
Current Account % GDP 9.2 4.8 -1.6 4.4 -0.2
Budget Balance % GDP -5.9 -4.5 -11.2 -1.4 3.2
CPI % 2.5 -1.2 3.4 3.0 2.0
           
Qatar 2018 2019 2020E 2021F 2022F
Nominal GDP USD bn 183.3 175.8 146.4 182.0 195.5
Real GDP % 1.2 0.8 -3.7 2.5 4.3
Current Account % GDP 9.1 2.4 -2.5 2.4 5.7
Budget Balance % GDP 2.3 1.0 -10.3 1.4 2.1
CPI % 0.1 -0.9 -2.6 1.5 3.5
           
Kuwait 2018 2019 2020E 2021F 2022F
Nominal GDP USD bn 138.1 136.2 105.9 125.6 136.1
Real GDP %

-0.6

-0.6 -8.9 0.0 7.2
Current Account % GDP 14.4

16.3

-7.0 8.1 13.2
Budget Balance % GDP -3.1 -13.6 -29.8 -14.8 -11.8
CPI % 0.6 1.1 2.1 1.5 1.5
           
Oman 2018 2019 2020E 2021F 2022F
Nominal GDP USD bn 79.7 76.2 72.0 77.5 81.4
Real GDP % 0.9 -0.8 -2.3 2.4 3.3
Current Account % GDP -5.4 -5.4 -18.5 -6.3 -1.1
Budget Balance % GDP -8.6 -8.9 -15.9 -4.8 -2.6
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 39.0 40.9
Real GDP % 1.7 2.0 -5.8 3.3 2.9
Current Account % GDP -6.5 -2.1 -9.4 -4.3 -4.2
Budget Balance % GDP -6.3 -4.7 -12.2 -6.6 -4.8
CPI % 2.1 1.0 -2.3 1.0 1.5
           
GCC Average* 2018 2019 2020E 2021F 2022F
Nominal GDP USD bn 518.9 525.2 464.1 528.5 565.4
Real GDP % 1.8 1.4 -4.9 1.5 5.6
Current Account % GDP 8.7 5.9 -1.3 4.5 3.7
Budget Balance % GDP -1.9 -3.1 -10.0 -1.8 0.9
CPI % 2.4 -0.5 0.9 2.4 2.4

* Weighted by normal GDP