economic and trade overview...ten years later, the gdp rose to 1.3 us$ 1.38 trillion in 2001, the...
TRANSCRIPT
Ten years later, the GDP rose to
US$ 1.38 trillion 1.3In 2001, the Gross Domestic
Product (GDP) of the GCC Member States was
US$ 366 billion 366
Billion
Trillion
�e Gulf Cooporation Council Economic and Trade Overview
Source: International Monetary Fund Database
Source: International Monetary Fund Database
National Council on U.S.-Arab Relations1730 M St., NW, Suite 503, Washington, DC 20036Telephone: (202) 293-6466 • Fax: (202) 293-7770
ncusar.orgDesigned By: David Zandona
The Gulf Cooperation Council (GCC) is comprised of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates (UAE)
0
10
20
30
40
50
1980 1985 1990 1995 2000 2005 2010
Rising Population of the GCC Member States
13.46 17.20 21.69 25.29 29.38 34.54 42.15
MILLIONS
The combined trade surplus of the GCC Member States is the highest in the
world
Surplus
Deficit-500-400-300-200-100
0100200300400
RussiaJapanChinaGermanyGCC
US
Aggregate Trade Balance 2011
BILLION
$303.8b $205.4b $201b $120.2b $101.1b
$-471b
Aggregate Trade Surplus of the GCC Member States in 2011 (US$)
UAE
Saudi Arabia
$141.1b
Qatar$49.4b
Kuwait $73.9b
$33.3b
Bahrain $1.1b
Oman$5.1bAll GCC member states
currently have a trade surplus
0 10 20 30 40 50 60 70 80
U.S. Importsfrom the GCC
U.S. Exportsto the GCC
Exports / Imports Between the U.S. and the GCC Member States in 2011
$37.9b
$61.7b
$56.8bMineral Fuels
(Oil)
U.S. Imports from the GCC Member States 2011 (US$)
$4.9bAluminum, fertilizer, organic chemicals,
etc.
60
20
30
40
50
10
0 Optical and Medical Instruments
Electrical Machinery
AircraftMachineryVehicles0
2
4
6
8
10
Organic Chemicals
FertilizersAluminum
Top United States Exports, excluding military sales to the GCC Member States 2011 (US$)
Top United States Imports from the GCC Member States
Excluding Mineral Fuels 2011 (US$)
BILLION
Mineral Fuels (Oil) Imported by the US
from the GCC
$8.4b $7b $5.8b $2.9b $1.5b$.97b $.892b $.576b
Source: United States Trade Representative
$56.8b
0
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20
30
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50
60 GDP based on purchasing power parity per capita in 2011 (US$)
ChinaRussiaGermanyGCC Member State Average
United States$48,386 $38,606 $37,896 $16,736 $8,382
Total = $303.8b