MEED anticipates that the GCC will see an improvement in macroeconomic conditions in 2010 following a short and potentially sharp economic contraction in 2009. This report explores the key factors affecting GCC economies and looks in detail at: The expected challenges in 2009 and 2010, The economies and sectors that will be seriously affected by the global economic downturn in 2009, Forecasts for key macro-economic indicators, including GDP, inflation and balance of payments and The longer term outlook for the GCC

Economic Outlook: A Short, Sharp Shock

Executive summary 

Introduction 

World economic trends 

The impact on the economies of the GCC 

Bahrain 
Kuwait 
Oman 
Qatar 
Saudi Arabia 
UAE 

Graphs

World economic trends 
GCC oil production and world prices 
Nominal GCC GDP and GDP growth 
GCC budget balance 
GCC exports, imports and current account 
GCC stock exchange indexes 
Bahrain GDP and GDP per capita 
Bahrain exports, imports and current account 
Bahrain budget balance 
Kuwait GDP and GDP per capita 
Kuwait exports, imports and current account 
Kuwait budget balance 
Oman budget balance 
Oman GDP and GDP per capita 
Oman exports, imports and current account 
Qatar oil and LNG production 
Qatar GDP 
Qatar exports, imports and current account 
Qatar budget balance 
Saudi Arabia oil production and exports 
Saudi Arabia GDP and GDP per capita 
Saudi Arabia exports, imports and current account 
Saudi Arabia budget balance 
UAE GDP and GDP per capita 
UAE exports, imports and current account 

List of Tables

GCC oil production and demand 
Nominal GCC GDP 
Nominal GCC GDP growth 
GCC budget balance 
GCC budget balance (% of GDP) 
GCC exports 
GCC imports 
GCC trade balance 
GCC current account 
GCC stock exchange indexes 
Bahrain oil production 
Bahrain gas production 
Bahrain national income 
Bahrain balance of payments 
Bahrain budget balance 
Kuwait oil production 
Kuwait national income 
Kuwait balance of payments 
Kuwait budget balance 
Oman oil production and exports 
Oman national income 
Oman balance of payments 
Oman budget balance 
Qatar oil and gas data 
Qatar national income 
Qatar balance of payments 
Qatar budget balance 
Saudi Arabia oil production and exports 
Saudi Arabia national income 
Saudi Arabia balance of payments 
Saudi Arabia budget balance 
UAE oil production 
UAE national income 
UAE balance of payments 
UAE federal government budget balance

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