GMCO

Economic Indicators

  • Bahrain
    • 1.62%
      GDP Growth (constant prices)
      Q3 2018
    • 0.70%
      Inflation Rate (Y/Y change)
      November, 2018
    • 0.14%-
      Money Supply (Y/Y change)
      November, 2018
    • 2.50%
      Overnight Deposit Rate
      December, 2018
    • 4.50%
      Overnight Repo Rate
      December, 2018
  • Kuwait
    • 1.80%
      GDP Growth (constant prices)
      Q3 2018
    • 0.09%
      Inflation Rate (Y/Y change)
      November, 2018
    • 5.70%
      Money Supply (Y/Y change)
      November, 2018
    • 2.50%
      Overnight Repo Rate
      December, 2018
    • 3.00%
      Discount Rate
      December, 2018
  • Qatar
    • 2.2%
      GDP Growth (constant prices)
      Q3 2018
    • 0.24%-
      Inflation Rate (Y/Y change)
      November, 2018
    • 4.60%-
      Money Supply (Y/Y change)
      November, 2018
    • 2.50%
      Overnight Lending
      December, 2018
    • 5.00%
      Repo Rate
      December, 2018
  • Saudi Arabia
    • 0.33%-
      GDP Growth (constant prices)
      Q3 2018
    • 2.80%
      Inflation Rate (Y/Y change)
      November, 2018
    • 1.90%
      Money Supply (Y/Y change)
      November, 2018
    • 2.50%
      Repo Reverse Rate
      December, 2018
    • 3.00%
      Repo Rate
      December, 2018

Members

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  • The domestic liquidity and its components reflected macroeconomic changes in GMU during 2015, broad money supply (M3) increased slightly by 2.0% or equal to $ 14.8 billion amounted to $ 761.4 billion compared with recorded level by end-2014 around $ 746.6 billion .
  • The low oil prices during 2015 had negative adverse on macroeconomic conditions of Member States and especially on external sector, where Oil is the main commodity in exports. In turn, this has been reflected on balance of payments and associated changes in foreign exchange reserves. Preliminary data indicate that commercial and financial transactions of Member States with external world during 2015 have resulted in a net deficit in balance of payments around $ 126.0 billion, which represents 13.2% of 2015 GDP.
  • In light of decreasing public revenues more than public spending in public budget, the gross public debt of all Member States rose by 35.3 percent amounted to $ 133.4 billion in 2015 and equal to 13.9% of 2015 GDP.
  • In light of the deteriorating oil prices during 2015, the national accounts across GMU countries recorded negative growth rates in 2015 comparing to previous year. The aggregated GDP, at current prices, declined 17.4 percent amounted to $ 957.6 billion in 2015 compared with $ 1,160.0 billion in 2014, where GDP concentrated in side of oil sector.
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