Beruflich Dokumente
Kultur Dokumente
Contact Details
Mailing Address
P.O. Box 3402
Safat 13035
Kuwait
Courier Address
Sharq
Jaber Al Mubarak Street
Kuwait
Website
www.gulnvestmentcorp.com
Email gic@gic.com.kw
S.W.I.F.T
GCOR KWKW
Telephone (+965) 222 5000
Facsimile (+965) 244 8894
Foreword
We are pleased to publish the sixth edition of Economic Statistics for GCC Countries.
Although the information contained is available from various published sources, we have
produced it in a single volume covering: Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the
United Arab Emirates. We tried to be comprehensive in providing both domestic and external
economic data on the countries concerned.
The rationale for this volume is to provide a comparative picture of the countries in the region.
Some information, however, is available for some countries but not others. All information,
though, was sourced through ofcial national and international organizations, including: the
World Bank, IMF, UNCTAD and OECD.
Our objective is to provide interested parties, whether investors or researchers, with reliable
information on the economies of the six countries. The GCC region is gaining in stature among
emerging market economies and we hope that we are responding to a need for information on
this growing region.
The Economics and Strategy Division at GIC intends to continue its annual updating of this publication and if the reader nds this compendium practical and benecial, GIC would have
achieved its objective. We also welcome the readers feedback.
Hisham A. Al-Razzuqi
Chief Executive Ofcer
December 2006.
Contents
Foreword - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 1
Kuwait - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 23
Graph-Ination Rate- - - - - - - - - - - - - - - - - - - - - - - - - - 25
Bahrain - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 13
External Debt- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 28
Population- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 28
Labor Force- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 29
Graph-Ination Rate- - - - - - - - - - - - - - - - - - - - - - - - - - 15
Interest Rates- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 30
Stock Market- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 30
Reserves- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 17
Balance of Payments- - - - - - - - - - - - - - - - - - - - - - - - - - 31
External Debt- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 18
Population- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 18
Labor Force- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 18
Interest Rates- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 19
Stock Market- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 19
Oil Statistics- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 19
Balance of Payments- - - - - - - - - - - - - - - - - - - - - - - - - - 20
Oman - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 35
Graph-Ination Rate- - - - - - - - - - - - - - - - - - - - - - - - - - 37
External Debt- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 53
Population- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 53
Labor Force- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 54
Reserves- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 40
Stock Market- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 55
External Debt- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 40
Population- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 41
Oil Production- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 55
Labor Force- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 41
Balance of Payments- - - - - - - - - - - - - - - - - - - - - - - - - - 56
42
Interest Rates- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 42
Stock Market- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 42
Oil Prices- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 43
Oil Production- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 43
Foreign Direct Investment- - - - - - - - - - - - - - - - - - - - - - 43
Balance of Payments- - - - - - - - - - - - - - - - - - - - - - - - - - 44
Saudi Arabia - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 59
Qatar - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 47
Reserves- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 63
Graph-Ination Rate- - - - - - - - - - - - - - - - - - - - - - - - - - 49
External Debt- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 64
Population- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 64
Labor Force- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 64
Reserves- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 52
Stock Market- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 65
Oil Statistics- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 65
02 | 03
Balance of Payments- - - - - - - - - - - - - - - - - - - - - - - - - - 66
Interest Rates- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 74
Reserves- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 74
External Debt- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 74
Population by Emirate- - - - - - - - - - - - - - - - - - - - - - - - - 75
Labor Force- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 76
Consumer Price Index- - - - - - - - - - - - - - - - - - - - - - - - - 77
Stock Market- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 77
Graph-Ination Rate- - - - - - - - - - - - - - - - - - - - - - - - - - 71
Balance of Payments- - - - - - - - - - - - - - - - - - - - - - - - - - 78
800
700
Bn US$
600
500
400
300
200
100
0
Bahrain
2001
Kuwait
2002
Oman
2003
Qatar
2004
Saudi Arabia
2005
UAE
GCC Countries
35
30
Millions
25
20
15
10
5
0
Bahrain
2001
Kuwait
2002
Oman
2003
Qatar
2004
Saudi Arabia
2005
UAE
GCC Countries
20
15
10
5
0
Bahrain
2001
Kuwait
2002
Oman
2003
Qatar
2004
Saudi Arabia
2005
UAE
GCC Countries
(year - end)
1200
1000
800
600
400
200
0
Bahrain
2001
Kuwait
2002
Oman
2003
Qatar
2004
Saudi Arabia
2005
UAE
GCC Countries
06 | 07
2001
EXCHANGE RATE*
BAHRAINI DINAR per US DOLLAR
KUWAITI DINAR per US DOLLAR
OMANI RIYAL per US DOLLAR
QATARI RIYAL per US DOLLAR
SAUDI RIYAL per US DOLLAR
UNITED ARAB EMIRATES DIRHAM per US DOLLAR
2002
0.3065
0.3039
7,929
34,909
19,949
17,538
183,257
69,227
8,448
38,118
20,304
19,364
188,803
74,297
GCC COUNTRIES
332,809
2003
0.3760
0.2980
0.3845
3.6400
3.7450
3.6725
2004
2005
0.2947
0.2920
9,699
47,831
21,783
23,534
214,859
87,611
11,182
59,268
24,778
31,734
250,673
105,251
13,381
80,779
30,733
42,463
309,944
132,202
349,334
405,317
482,886
609,502
2
10
6
5
55
21
2
11
6
6
54
21
2
12
5
6
53
22
2
12
5
7
52
22
2
13
5
7
51
22
100
100
100
100
100
12,105
15,119
8,051
27,023
8,736
19,847
12,569
15,751
8,000
28,393
8,785
19,791
14,077
18,782
9,305
32,777
9,758
21,681
15,816
20,529
10,256
42,653
11,127
24,364
18,482
27,007
12,249
53,345
13,406
35,067
GCC COUNTRIES
10,892
11,070
12,527
14,428
17,975
POPULATION ('000)
BAHRAIN
KUWAIT
OMAN
QATAR
SAUDI ARABIA
UNITED ARAB EMIRATES
655
2,309
2,478
649
20,976
3,488
672
2,420
2,538
682
21,491
3,754
689
2,547
2,341
718
22,019
4,041
707
2,753
2,416
744
22,529
4,320
724
2,991
2,509
796
23,119
3,770
GCC COUNTRIES
30,555
31,557
32,355
33,469
33,909
2000
2001
2002
2003
2004P
7,971
36,884
19,868
17,760
188,693
70,246
341,422
7,929
34,081
19,949
17,741
183,257
69,227
332,184
8,448
38,119
20,304
19,707
188,803
74,297
349,678
9,699
46,202
21,698
23,701
214,859
87,611
403,770
11,012
55,719
24,824
28,451
250,892
103,134
474,032
12,493
16,444
8,271
29,115
9,690
21,634
11,932
12,105
14,760
8,051
27,721
8,736
19,847
10,875
12,569
15,752
8,000
28,561
8,785
19,791
11,078
14,077
18,142
9,308
32,467
9,758
21,681
12,479
15,576
20,239
10,275
36,476
11,066
23,874
14,088
POPULATION ('000)
BAHRAIN
KUWAIT
OMAN
QATAR
SAUDI ARABIA
UNITED ARAB EMIRATES
GCC COUNTRIES
638
2,243
2,402
610
19,473
3,247
28,613
655
2,309
2,478
640
20,976
3,488
30,546
672
2,420
2,538
690
21,491
3,754
31,565
689
2,547
2,331
730
22,019
4,041
32,357
707
2,753
2,416
780
22,673
4,320
33,649
-0.70
1.80
-1.40
1.70
-1.10
1.40
-0.13
-1.20
1.67
-0.40
1.40
-1.10
2.70
0.15
-0.50
1.36
-0.20
0.20
0.20
2.90
0.86
1.60
0.98
-0.60
2.50
0.60
3.10
1.26
4.90
1.26
0.40
6.80
0.50
4.70
1.98
0.23
2.00
0.96
0.65
8.10
2.18
14.10
0.23
1.95
0.96
0.63
7.89
2.12
13.77
0.24
1.75
0.90
0.57
7.09
1.90
12.44
0.24
2.11
0.82
0.68
8.41
2.25
14.50
0.21
2.29
0.78
0.76
8.90
2.34
15.28
2001
2002
2003
2004
2005
-1.20
1.67
-0.40
1.40
-1.10
2.70
-0.50
1.36
-0.20
0.20
0.20
2.90
1.60
0.98
-0.60
2.30
0.60
3.10
2.40
1.26
0.40
6.80
0.30
5.00
2.60
4.11
1.90
8.80
0.70
6.20
GCC COUNTRIES **
0.15
0.86
1.24
1.92
3.01
0.23
1.95
0.96
0.63
7.89
2.12
0.24
1.75
0.90
0.57
7.09
1.90
0.24
2.11
0.82
0.68
8.41
2.25
0.21
2.29
0.78
0.76
8.90
2.34
0.91
2.57
0.77
0.77
9.35
2.38
13.77
12.44
14.50
15.28
16.03
1,523
11,099
2,226
6,052
170,900
2,769
1,588
10,689
1,808
4,619
173,750
3,938
1,573
10,236
2,042
5,476
176,240
5,870
1,557
9,332
2,172
5,074
163,950
8,841
1,668
8,435
1,139
5,124
126,840
12,559
GCC COUNTRIES
GCC COUNTRIES
194,569
196,392
201,437
190,926
155,765
19
32
11
35
93
4
19
28
9
24
92
5
16
21
9
23
82
7
14
16
9
16
65
8
13
10
4
12
41
10
GCC COUNTRIES
58
56
50
40
26
31,505
8,468
4,252
9,192
26,584
16,430
25,790
9,976
3,943
8,679
22,367
16,057
29,220
12,126
3,575
10,025
23,806
16,678
35,971
14,028
4,418
11,478
22,539
24,304
40,795
17,521
5,958
15,793
29,729
38,288
GCC COUNTRIES
96,431
86,812
95,430
112,738
148,084
08 | 09
2000
2001
2002
2003
2004P
1,535
11,828
1,020
4,247
164,486
0
183,116
1,523
11,099
1,621
6,052
168,225
0
188,520
1,588
10,689
1,116
4,619
182,966
0
200,978
1,573
10,236
1,277
5,476
167,957
0
186,519
1,557
9,332
1,381
5,074
163,952
0
181,296
19
32
5
24
87
0
54
19
33
8
34
92
0
57
19
28
5
23
97
0
57
16
22
6
23
78
0
46
14
17
6
18
65
0
38
29,146
7,954
4,452
9,066
28,876
14,187
93,681
31,505
8,468
4,252
9,192
26,584
16,430
96,431
25,790
9,976
3,943
8,679
22,367
16,057
86,812
29,198
12,107
3,564
9,982
23,760
16,662
95,273
34,837
13,961
4,262
11,461
22,103
24,332
110,956
366
22
22
51
15
20
27
397
25
21
52
15
24
29
305
26
19
44
12
22
25
301
26
16
42
11
19
24
316
25
17
40
9
24
23
6.6
19.8
5.1
5.2
68.1
21.8
126.6
6.7
26.7
4.5
7.3
73.4
27.8
146.4
7.5
34.7
5.2
10.6
75.0
36.9
169.8
9.7
61.2
7.3
26.7
157.5
48.9
311.3
13.6
73.6
9.3
40.4
306.8
96.5
540.2
2002
2003
2004
2005 P
397
24
21
52
15
24
305
26
19
45
12
22
301
25
16
43
11
19
322
24
18
36
9
23
305
22
19
37
10
29
29
25
24
23
24
6.6
26.7
4.5
7.3
73.4
27.8
7.5
34.7
5.2
10.6
75.0
36.9
9.7
61.2
7.3
26.7
157.5
48.9
13.6
73.6
9.3
40.4
306.8
96.5
17.4
128.1
15.3
87.1
651.0
175.2
GCC COUNTRIES
146.4
169.8
311.3
540.2
1,074.1
0.0
44.8
-37.4
57.0
14.2
36.4
8.1
26.9
54.7
38.5
7.0
20.7
44.3
62.4
62.9
76.5
59.9
32.2
46.8
13.5
36.3
49.0
94.8
114.1
25.8
84.5
48.2
101.7
124.3
140.9
24.1
17.7
57.4
69.2
116.8
1.61
9.19
5.76
7.49
39.37
10.28
1.19
7.24
5.54
7.33
42.84
14.63
1.40
11.91
5.58
9.02
59.38
21.31
1. 49
19.30
5.51
13.28
84.95
27.56
2.53
31.20
10.66
16.70
123.31
44.33
GCC COUNTRIES
CURRENT ACCOUNT (Bn US$)
BAHRAIN
KUWAIT
OMAN
QATAR
SAUDI ARABIA
UNITED ARAB EMIRATES
73.70
78.77
108.60
152.09
228.73
0.23
8.32
2.08
4.15
9.35
8.75
-0.05
4.25
1.94
3.82
11.87
3.41
0.20
9.42
1.49
5.75
28.05
7.55
0.42
18.88
0.57
7.55
51.93
10.59
1.58
32.63
4.72
10.71
87.13
26.48
GCC COUNTRIES
32.88
25.24
52.46
89.94
163.25
80
-111
5
296
504
1,184
217
3
109
624
453
1,307
517
-67
489
625
778
4,256
865
24
200
1,199
1,942
8,359
1,049
250
715
1,469
4,628
12,000
GCC COUNTRIES
1,958
2,713
6,598
12,589
20,111
COMPOSITE
TRADE BALANCE (Bn US$)
BAHRAIN
KUWAIT
OMAN
QATAR
SAUDI ARABIA
UNITED ARAB EMIRATES
Provisional.
Year-end.
Negative sign means that at least one of the FDI components is negative and is not offset by positive amounts of other components.
2002
2003
2004
2005 P
80
-111
5
296
504
1,184
217
3
109
624
453
1,307
517
-67
489
625
778
4,256
865
24
200
1,199
1,942
8,359
1,049
250
715
1,469
4,628
12,000
GCC COUNTRIES
1,958
2,713
6,598
12,589
20,111
P Provisional.
@ Year-end.
* Exchange rate is pegged to the US Dollar except in the case of Kuwait there is a band range.
** Weighted average.
*** Inward ow (Negative sign means that at least one of the FDI components is negative and is not offset by positive amounts of other components).
Sources for all data mentioned in the detailed report.
10 | 11
Bahrain
15
12
Bn US$
9
6
3
0
2001
2002
2003
2004
2005
3000
2500
2000
1500
1000
500
0
2001
2002
2003
2004
2005
2002
2003
2004
2005
-500
3
2.5
2.0
1.5
1.0
0.5
0.0
-0.5
2001
-1.0
-1.5
14 | 15
Bahrain
Gross Domestic Product at Current Prices (mn US$)
Crude Petroleum and Natural Gas
Quarrying
Agriculture and Fisheries
Manufacturing
Electricity and Water
Construction
Trade
Hotels and Restaurants
Transport and Communication
Social and Personal Services
Real Estate and Business Activities
Financial Institutions
Offshore Financial Institution
Insurance
Government Services
Education Services
Health Services
Private Non-Prot Institution Serving Households
Household with Employed Persons
Less: Financial Intermediation Services Indirectly Measured
Import Duties
GDP
Y/Y % Change
Crude Petroleum and Natural Gas as % of GDP
P
2001
2002
2003
2004
1,946
22
58
952
114
318
671
172
596
240
759
439
788
254
855
263
139
7
50
-867
153
7,929
-0.5%
24.5%
2,058
27
56
997
117
357
767
177
662
279
807
496
770
220
896
304
149
9
53
-877
125
8,448
6.5%
24.4%
2,392
29
59
1,077
132
370
852
174
698
331
853
546
1,153
355
959
348
170
11
54
-996
133
9,699
14.8%
24.7%
2,561
32
52
1,184
132
407
1,133
246
786
376
998
598
1,628
483
985
381
179
12
55
-1,188
142
11,182
15.3%
22.9%
2005 P
3,371
40
51
1,744
137
501
1,341
282
831
424
1,046
687
1,998
607
1,069
410
193
13
57
-1,578
158
13,381
19.7%
25.2%
Provisional.
2001
2002
2003
2004
2005
6,266
9.2%
6,914
10.3%
7,354
6.4%
7,659
4.1%
9,342
22.0%
2002
2003
2004
Budget*
2005
Budget*
2006
Revenues
Oil Revenue
Non-Oil Revenue
Grants
Expenditures
Current Expenditure
Capital Expenditure
2,609
1,788
721
100
2,215
1,781
434
2,731
1,839
791
102
2,742
1,968
774
3,047
2,224
723
100
2,873
2,184
689
3,459
2,510
849
100
2,938
2,298
640
3,336
2,368
917
51
3,891
2,779
1,112
3,390
2,382
957
51
4,196
2,900
1,296
Decit/Surplus
Decit/Surplus as % of GDP
Total Revenues Y/Y % Change
Oil Revenue per Capita (US$)
Non-Oil Revenue per Capita (US$)
394
5.0%
-6.4%
2,729
1,101
-11
0.1%
4.7%
2,736
1,176
174
1.8%
11.6%
3,228
1,049
521
4.7%
13.5%
3,550
1,201
-555
4.1%
-3.6%
3,270
1,267
-805
n.a.
1.6%
n.a.
n.a.
2000
2001
2002
2003
2,786
2,034
702
50
2,093
1,766
327
693
8.7%
2,609
1,788
721
100
2,215
1,781
434
394
5.0%
2,731
1,839
791
102
2,742
1,968
774
-11
0.1%
3,047
2,224
723
100
2,873
2,184
689
174
1.8%
Budget*
2004
Budget*
2005
2,144
1,303
740
100
3,161
2,284
878
-1,018
9.2%
3,336
2,368
968
3,891
2,779
1,112
-555
n.a.
Source: Bahrain Monetary Agency, and Ministry of Finance and National Economy (www.mofne.gov.bh) for 2005 and 2006.
Source: Central Bank of Bahrain , and Ministry of Finance and National Economy (www.mofne.gov.bh) for 2005 and 2006.
2001
2002
2003
2004
2005
1,684
1.1
1,599
84
7
1,691
1,726
1.1
1,631
93
7
1,732
1,778
1.0
1,674
103
7
1,785
1,940
0.9
1,830
110
7
1,947
1,882
2.4
1,778
102
7
1,889
* Includes monetary authorities' claims on non-residents in the form of foreign banknotes, bank deposits, treasury bills, short and long term government securities
2000
2001
2002
2003
2004
1,564
1.3
1,478
85
7
1,571
1,684
1.1
1,599
84
7
1,691
1,726
1.1
1,631
93
7
1,732
1,778
1.0
1,674
103
7
1,785
1,940
0.9
1,830
110
7
1,947
Includes monetary authorities' claims on non-residents in the form of foreign banknotes, bank deposits, treasury bills, short and long term government securities
and other claims usable in the event of a balance of payments need.
2001
2002
2003
2004
1,523
19.2%
1,588
18.8%
1,573
16.2%
1,557
13.9%
2005 P
1,668
12.5%
Provisional.
16 | 17
Debt
As % of GDP
P
Provisional.
2000
2001
2002
2003P
2004P
1,535
19.3%
1,523
19.2%
1,588
18.8%
1,573
16.2%
1,557
14.1%
Bahrain
External Debt* (mn US$)
Debt **
of which: Short-term
(mn US$)
2001
2002
2003
2004
2005
2000
2001
2002
2003
2004
31,505
6,780
25,790
8,024
29,220
9,857
35,971
10,612
40,795
14,858
29,146
31,505
25,790
29,198
34,837
2000
2001
2002
2003
2004
Population ('000)
Bahraini
% of Total Population
Male
Female
Non-Bahraini
% of Total Population
Male
Female
Total Population
2001
2002
2003
2004
2005
408
62%
206
202
247
38%
170
77
418
62%
211
207
254
38%
175
79
428
62%
216
212
261
38%
180
81
438
62%
221
217
269
38%
186
83
448
62%
226
222
276
38%
191
85
655
672
689
707
724
2001
2002
2003
2004
2005
84
41%
55
29
121
59%
118
3
89
39%
58
31
141
61%
138
3
95
38%
62
32
154
62%
151
3
100
35%
66
34
185
65%
182
4
106
31%
72
34
231
69%
227
4
205
31%
230
34%
249
36%
286
40%
337
47%
2000
2001
2002
2003
2004
42%
41%
39%
38%
35%
28
29
31
32
34
58%
59%
61%
62%
65%
3
190
3
205
3
230
3
248
4
285
2000
2001
2002
2003
2004
2.4
2.6
-0.7
-1.2
-0.5
1.6
4.9
2003
2004
2005
2000
2001
2002
2003
2004
0.7
7.9
2.0
7.7
3.7
8.3
2000
2001
2002
2003
2004
2000
2001
2002
2003
2004
2001
2002
2003
2004
-1.2
-0.5
1.6
2001
2002
1.5
9.4
0.9
8.0
Provisional.
Source: Central Bank of Bahrain, Economic Indicators, March 2006.
2001
2002
2003
2004
2005
6,619
0.0
7,514
8.1
9,645
44.3
13,577
46.8
17,411
25.8
* Year-end data.
Source: Bahrain Stock Exchange, Financial Highlight 2005 and GIC Equity Research.
2001
2002
2003
2004
2005
85,380
13,656
71,724
87,765
86,500
13,800
72,700
91,122
87,481
13,720
73,761
92,350
76,337
13,647
62,690
92,669
68,096
13,348
54,748
97,716
18 | 19
Bahrain
Balance of Payments (mn US$)
2001
2002
2003
2004
2005
Total Exports
Total Imports
Trade Balance
Net Services
Net Income *
Current Transfers, net
Current Account
Current Account as % of GDP
5,657
4,047
1,610
203
-322
-1,264
227
2.9%
5,887
4,697
1,190
141
-525
-857
-51
0.6%
6,721
5,319
1,402
374
-493
-1,082
201
2.1%
7,621
6,135
1,485
625
-575
-1,120
415
3.7%
10,131
7,606
2,525
686
-412
-1,223
1,575
11.8%
100
-417
-1,448
214
102
-1,234
-5,140
1,218
50
493
-3,096
-700
50
-391
-3,893
84
50
-1,379
-7,036
48
124
35
44
158
294
Overall Balance
* Net investment income from direct (dividends, distributed branch prots and reinvested earnings) and portfolio (equity, bonds
2000
2001
2002
2003
2004
-224
-322
-525
-493
-575
Notes:
instruments) investments.
xporting country. In the case of
Notes:
2001
2002
2003
2004
2005
80
216
5,986
1,968
217
190
6,203
2,158
517
741
6,720
2,899
865
1,036
7,354
3,935
1,049
1,123
8,276
5,058
2000
2001
2002
2003
2004
364
81
217
517
865
2001
2002
2003
2004
2005
% of Exports
747
410
272
381
267
196
365
339
195
410
392
292
521
413
371
13%
7%
5%
6%
5%
3%
6%
5%
3%
5%
5%
4%
5%
4%
4%
% of Imports
Saudi Arabia
USA
UK
Saudi Arabia
USA
Japan
Saudi Arabia
USA
Japan
Saudi Arabia
Japan
Germany
1,117
476
248
1,188
461
282
1,503
560
380
1,905
430
361
28%
12%
6%
25%
10%
6%
28%
11%
7%
31%
7%
6%
Saudi Arabia
Japan
Germany
2,592
471
455
34%
6%
6%
India
USA
Saudi Arabia
USA
India
Saudi Arabia
USA
India
Saudi Arabia
Saudi Arabia
USA
UAE
Saudi Arabia
USA
UAE
2001
2002
2003
2004
2005
20 | 21
Bahrain
Trade with GCC Countries* (mn US$)
Exports to
Kuwait
Oman
Qatar
Saudi Arabia
United Arab Emirates
Imports from
Kuwait
Oman
Qatar
Saudi Arabia
United Arab Emirates
2002
2003
2004
2005
56
25
36
170
138
58
26
37
176
147
64
29
23
195
163
84
157
72
410
292
107
200
92
521
371
2001
2002
2003
2004
2005
16
16
20
1,117
126
17
18
22
1,188
134
22
22
27
1,503
169
28
31
41
1,905
214
38
42
55
2,592
291
Exports to
Kuwait
Oman
Qatar
Saudi Arabia
United Arab Emirates
Imports from
Kuwait
Oman
Qatar
Saudi Arabia
United Arab Emirates
* Discrepancies in trade statistics are caused by: Classication concepts and details, time of recording, valuation, coverage and processing errors.
Source : IMF, Direction of Trade Statistics, various issues through September 2006.
Source : IMF, Direction of Trade Statistics, various issues through September 2005.
2000
2001
2002
2003
2004
56
25
36
171
111
56
25
36
170
138
58
26
37
176
147
64
29
23
195
163
84
157
72
410
292
2000
2001
2002
2003
2004
15
15
19
1,035
116
16
16
20
1,117
126
17
18
22
1,188
134
22
22
27
1,503
169
28
31
41
1,905
214
Discrepancies in trade statistics are caused by: Classication concepts and details, time of recording, valuation, coverage and processing errors.
Kuwait
100
Bn US$
80
60
40
20
0
2001
2002
2003
Oil Sector
2004
2005
35
Bn US$
30
25
20
15
10
5
0
2001
2002
2003
2004
2005
5
4
3
2
1
0
2001
2002
2003
2004
2005
2001
24 | 25
2002
2003
2004
2005
Kuwait
Gross Domestic Product at Current Prices (mn US$)
2004 @
2005 P
2001
2002
2003
14,962
2
156
2,215
826
857
2,013
320
2,000
2,208
52
2,845
179
7,596
14,509
45
197
2,986
906
1,027
2,706
407
1,955
2,502
75
3,231
523
8,361
19,456
58
217
3,782
1,005
1,171
2,987
584
2,685
3,933
218
3,564
628
9,148
26,542
75
241
4,941
1,042
1,364
3,224
536
3,546
5,042
210
3,719
770
9,925
43,932
82
267
6,017
1,086
1,558
3,390
565
4,432
6,130
219
3,894
908
10,568
36,231
-1,322
39,430
-1,312
49,434
-1,603
61,177
-1,909
83,048
-2,268
34,909
-5.4%
42.9%
38,118
9.2%
38.1%
47,831
25.5%
40.7%
59,268
23.9%
44.8%
80,779
36.3%
54.4%
Revised.
Provisional.
2001
2002
2003
2004
2005
30,044
12.9%
31,742
5.7%
34,903
10.0%
39,549
13.3%
44,816
13.3%
2000
2001
2002
2003
2004
2005 YTD
0.3067
0.3065
0.3039
0.2980
0.2947
0.2920
2000
2001
2002
2003@
2004P
2,609
2,215
2,986
3,612
4,461
Oil Revenue
Other Receipts
Total Revenues
Wages and Salaries
Requirements of goods and Services
Transport and Equipment
Projects and Land purchase
Miscellaneous Exp. and Transfer payment
Total Expenditure
Decit/Surplus
Decit/Surplus as % of GDP
Total Revenues Y/Y % Change
Oil Revenue per Capita (US$)
Non Oil Revenue per Capita (US$)
2001/02*
2002/03
2003/04
2004/05
2005/06
Budget**
2006/07
14,763
2,648
17,411
18,093
2,371
20,464
20,637
2,639
23,276
27,725
2,687
30,412
44,368
2,646
47,014
26,761
2709
29,470
4,801
1,780
79
1,325
7,501
5,072
1,915
78
1,518
7,630
5,493
2,243
136
1,911
8,750
5,953
2,953
151
2,302
10,071
6,613
3,623
201
2,570
10,493
7,852
4,943
458
4,362
19,971
15,486
16,214
18,533
21,429
23,500
37,586
1,926
5.5%
7.5%
6,394
1,147
4,250
11.1%
17.5%
7,476
980
4,743
9.9%
13.7%
8,104
1,036
8,983
15.2%
30.7%
10,071
976
23,514
29.1%
54.6%
14,834
885
-8,116
n.a.
-37.3%
n.a.
n.a.
2000/01
2001/02
2002/03
2003/04
Budget**
2004/05
Budget**
2005/06
2000
2001
2002
2003
2004
6,504
9,191
8,357
6,640
7,347
*
**
* Starting in 2001, scal years span from 1st April to 31st March.
** Revenues are based on below market oil prices.
Source: Central Bank of Kuwait, Quarterly Statistical Bulletin, April - June 2006.
2001
2002
2003
2004
2005
9,897
108
9,191
598
103
10,000
9,208
133
8,357
718
106
9,314
7,577
160
6,640
777
108
7,685
8,242
182
7,347
713
108
8,350
8,863
184
8,380
299
109
8,972
* Excludes the Reserve Fund for Future Generations (RFFG) and the General Reserve Fund (GRF).
** Includes monetary authorities' claims on non-residents in the form of foreign bank notes, bank deposits, treasury bills, short and long term government securities
and other claims usable in the event of balance of payments need.
Source: IMF, IFS, November 2006.
26 | 27
Kuwait
Domestic Public Debt (mn US$)
Debt *
As % of GDP
2001
2002
2003
2004
2005
2000
2001
2002
2003
2004
11,099
31.8%
10,689
28.0%
10,236
21.4%
9,332
15.7%
8,435
10.4%
11,828
11,099
10,689
10,236
9,332
* Does not include Government Debt Bonds issued to non-banks following the 1991 liberation, except for Kuwait Finance House.
Source: Central Bank of Kuwait, Quarterly Statistical Bulletin, April - June 2006.
2001
2002
2003
2004
2005
2000
2001
2002
2003
2004
8,468
5,240
9,976
4,901
12,126
5,863
14,028
6,616
17,521
7,320
7,954
8,468
9,976
12,107
13,961
2000
2001
2002
2003
2004
2001
2002
2003
2004
2005
870
38%
1,439
62%
2,309
898
37%
1,522
63%
2,420
928
36%
1,619
64%
2,547
956
35%
1,797
65%
2,753
992
33%
1,999
67%
2,991
Public Sector
Kuwaitis
% of Public Sector
Non-Kuwaitis
% of Public Sector
Private Sector
Kuwaitis
% of Private Sector
Non-Kuwaitis
% of Private Sector
Total Labor Force
% of Kuwaitis
% of Non-Kuwaitis
2001
2002
2003
2004
2005
313
229
73%
84
27%
944
15
2%
929
98%
331
239
72%
92
28%
1,033
27
3%
1,006
97%
336
250
74%
86
26%
1,130
36
3%
1,094
97%
350
261
75%
89
25%
1,284
38
3%
1,246
97%
370
276
75%
94
25%
1,445
43
3%
1,401
97%
Public Sector
Kuwaitis
% of Public Sector
Non-Kuwaitis
% of Public Sector
Private Sector
Kuwaitis
% of Private Sector
Non-Kuwaitis
% of Private Sector
1,257
19%
81%
1,364
20%
80%
1,466
20%
80%
1,634
18%
82%
1,815
18%
82%
2000
2001
2002
2003
2004
305
221
72%
84
28%
899
14
2%
885
98%
313
229
73%
84
27%
944
15
2%
929
98%
331
239
72%
92
28%
1,033
27
3%
1,006
97%
336
250
74%
86
26%
1,130
36
3%
1,094
97%
350
261
75%
89
25%
1,284
38
3%
1,246
97%
1,204
20%
80%
1,257
19%
81%
1,364
20%
80%
1,466
20%
80%
1,634
18%
82%
Source: Public Authority for Civil Information, Labor Force Statistics (www.paci.gov.kw), 2006.
Source: Public Authority for Civil Information, Labor Force Statistics (www.paci.gov.kw), 2005.
2002
2003
2004
2005
2000
2001
2002
2003
2004
1.67
1.36
0.98
1.26
4.11
1.80
1.67
1.36
0.98
1.26
Source: Central Bank of Kuwait, Quarterly Statistical Bulletin, April - June 2006.
Source: Central Bank of Kuwait, Quarterly Statistical Bulletin, April - June 2005.
28 | 29
Kuwait
Kuwait
2002
2003
2004
2005
4.47
7.88
3.15
6.48
2.42
5.42
2.65
5.64
3.47
7.50
Deposit Rate
Lending Rate
2001
2002
2003
2004
2005
26,731
44.8
34,682
26.9
61,181
62.4
73,581
13.5
128,101
84.5
2000
2001
2002
2003
2004
5.89
8.87
4.47
7.88
3.15
6.48
2.42
5.42
2.65
5.64
2000
2001
2002
2003
2004
19,790
26,731
34,682
61,181
73,581
14.4
44.8
26.9
62.4
13.5
Source: Central Bank of Kuwait, Quarterly Statistical Bulletin, January-March 2002, Kuwait Stock Exchange Monthly Report of various issues up to December 2004
and GIC Equity Research.
2002
2003
2004
2005
2000
2001
2002
2003
2004
1.947
1.746
2.108
2.289
2.573
1.996
1.947
1.746
2.108
2.289
2001
2002
2003
2004
2005
2000
2001
2002
2003
2004
21.37
23.61
26.89
34.08
48.66
25.78
21.37
23.61
26.89
34.08
2001
2002
2003
2004
16,238
7,046
9,192
-3,691
4,901
-2,077
15,366
8,124
7,242
-4,189
3,343
-2,146
21,794
9,882
11,912
-3,473
3,356
-2,379
30,221
10,920
19,301
-4,269
6,399
-2,549
46,873
15,671
31,202
-4,147
8,832
-3,260
Current Account
Current Account % of GDP
8,324
23.8%
4,251
11.2%
9,416
19.7%
18,884
31.9%
32,627
40.4%
2,931
-6,313
-8,724
-2,038
1,672
-5,163
-3,228
-1,733
1,429
-11,942
-13,376
-727
434
-20,048
-13,926
1,355
798
-28,137
-7,699
-4,723
2,905
-973
-1,824
626
565
Total Exports
Total Imports
Trade Balance
Net Services
Net Income *
Overall Balance
2001
2002
2003
2004
6,699
4,901
3,343
3,356
6,399
-13,773
-6,313
-5,163
-11,942
-19,820
Balance of payments totals do not correspond to the gures of Capital and Financial Accounts table on the next page due to exc hange rate differences.
Provisional.
* Net investment income from overseas, which includes general government income from external investments (Kuwait Investment Autho
Corporation, Public Authority for Social Security, Kuwait Fund for Arab Economic Development, Kuwait Airways Corporation and the
** The net sum of the balance of direct investment, portfolio investment, other investment transactions and nancial derivatives.
Notes:
Exports and imports are both measured on a "free-on-board" (f.o.b.) basis which is the value of goods at the border of the exporting country. In the case of
imports, this excludes the cost of freight and insurance incurred beyond the border of the exporting country.
2000
Source: IMF, IFS, November 2006 and Central Bank of Kuwait, Quarterly Statistical Bulletin, April - June 2006.
30 | 31
Kuwait
Capital and Financial Account (mn US$)@
Capital and Financial Account
Capital Account
Financial Account
Direct Investment, net
Direct Investment abroad
Foreign Direct Investment in Kuwait
Portfolio Investment, net
Assets
Liabilities
Other Investments, net
Assets
Liabilities
@
2001
2002
2003
-2,718
2,930
-5,648
1,804
1,915
-111
-8,724
-8,646
-78
1,272
209
1,064
-3,370
1,672
-5,041
79
76
3
-3,228
-3,389
161
-1,892
-3,751
1,859
-10,678
1,430
-12,107
4,896
4,963
-67
-13,376
-13,711
336
-3,628
-3,389
-238
2004*
-16,390
434
-16,824
-2,504
-2,528
24
-13,926
-14,214
288
-394
-288
-105
2005
2000
2001
2003*
2002
2004
-27,339
798
-28,137
-4,459
-4,709
250
-7,699
-7,158
-541
-15,979
-20,233
4,253
e to exchange rate differences.
Capital and Financial Accounts do not correspond to the gures of Balance of Payments table on the previous page due to exchange rate differences.
* Revised.
Note:
Source: Central Bank of Kuwait, Quarterly Statistical Bulletin, April - June 2006.
Inward Flow
Outward Flow (2)
Inward Stock (3)
Outward Stock
2001
2002
2003
2004
2005
-111
-1,915
498
617
3
-76
501
728
-67
-4,962
434
766
24
2,528
458
1,412
250
4,709
708
5,403
* Negative sign means that at least one of the FDI components is negative and is not offset by positive amounts of other componen
(1)
Includes only new equity investment and does not include reinvestment of capital and intra-company loans.
(2)
(3)
ts.
2000
2001
2002
2003
2004
16
-303
608
1,427
-147
365
380
1,793
7
-155
468
1,635
67
-4,989
535
1,603
20
-1,873
381
n.a.
ts.
2000
2001
2002
2003
2004
% of Exports
Japan
USA
Korea
Japan
Korea
USA
Japan
Korea
USA
Japan
Korea
USA
Japan
Korea
USA
4,525
2,698
2,469
3,435
2,046
2,010
3,825
2,028
1,866
4,148
2,458
2,253
5,228
3,484
3,157
25%
15%
14%
21%
13%
12%
25%
13%
12%
21%
13%
12%
18%
12%
11%
2001
2002
2003
2004
2002
2003
2004
2005
% of Exports
Japan
Korea
USA
3,435
2,046
2,010
21%
13%
12%
Japan
Korea
USA
Japan
Korea
USA
Japan
Korea
USA
Japan
Korea
USA
3,825
2,028
1,866
4,148
2,458
2,253
5,228
3,484
3,157
6,934
5,434
4,195
18%
9%
9%
19%
11%
10%
17%
12%
10%
15%
12%
9%
Partner
2000
2001
Partner
USA
Japan
UK
USA
Germany
Japan
USA
Japan
Germany
USA
Japan
Germany
USA
Germany
Japan
% of Imports
893
642
574
996
735
643
1,116
952
830
1,660
1,157
1,076
1,671
1,551
1,029
16%
11%
10%
14%
11%
9%
12%
11%
9%
15%
11%
10%
14%
13%
9%
2001
2002
2003
2004
2005
% of Imports
USA
Germany
Japan
USA
Japan
Germany
USA
Japan
Germany
USA
Germany
Japan
996
735
643
1,116
952
830
1,660
1,157
1,076
1,671
1,551
1,029
14%
11%
9%
14%
12%
10%
17%
12%
11%
15%
14%
9%
USA
Germany
Japan
2,172
1,661
1,296
14%
11%
8%
c.i.f.: The value of goods, including the cost of freight and insurance, at the border of the importing country.
c.i.f.: The value of goods, including the cost of freight and insurance, at the border of the importing country.
Source : IMF, Direction of Trade Statistics, various issues through September 2005.
Note: Share of trade partners for previous years have been adjusted to reect revisions made on total imports for concerned years.
Source : IMF, Direction of Trade Statistics, various issues through September 2006.
32 | 33
Kuwait
Kuwait
Exports to
Bahrain
Oman
Qatar
Saudi Arabia
United Arab Emirates
Imports from
Bahrain
Oman
Qatar
Saudi Arabia
United Arab Emirates
2001
2002
2003
2004
2005
15
23
15
94
95
16
21
14
89
95
19
24
15
99
106
25
36
26
186
186
35
48
34
248
247
2001
2002
2003
2004
2005
62
25
1
594
303
64
24
10
560
285
71
26
11
623
318
92
56
85
718
366
117
75
113
952
485
* Discrepancies in trade statistics are caused by: Classication concepts and details, time of recording, valuation, coverage and
Source : IMF, Direction of Trade Statistics, various issues through September 2006.
processing errors.
Exports to
Bahrain
Oman
Qatar
Saudi Arabia
United Arab Emirates
Imports from
Bahrain
Oman
Qatar
Saudi Arabia
United Arab Emirates
*
2000
2001
2002
2003
2004
14
23
15
97
78
15
23
15
94
95
16
21
14
89
95
19
24
15
99
106
25
36
26
186
186
2000
2001
2002
2003
2004
62
26
11
612
312
62
25
1
594
303
64
24
10
560
285
71
26
11
623
318
92
56
85
718
366
Discrepancies in trade statistics are caused by: Classication concepts and details, time of recording, valuation, coverage and processing errors.
Source : IMF, Direction of Trade Statistics, various issues through September 2005.
Oman
35
Bn US$
30
25
20
15
10
5
0
2001
2002
2003
2004
2005
Oil Sector
Agriculture and Fishing
Manufacturing
Construction
Wholesale and Retail Trade
Hotels and Restaurant
12000
10000
8000
6000
4000
2000
0
2001
2002
2003
2004
2005
2001
2002
2003
2004
2005
2.0
1.5
1.0
0.5
0.0
-0.5
-1.0
36 | 37
Oman
Gross Domestic Product at Current Prices (mn US$)
2005P
2001
2002
2003
2004
8,490
8,077
413
8,502
8,066
436
8,905
8,354
551
10,445
9,800
645
15,074
13,979
1,095
11,847
409
54
1,661
207
415
2,295
148
1,300
745
1,126
1,971
1,517
-540
152
12,235
412
43
1,572
205
444
2,424
154
1,392
838
1,133
2,008
1,609
-590
157
13,297
432
36
1,873
280
505
2,585
157
1,506
876
1,160
2,126
1,761
-588
169
14,763
422
42
2,020
370
757
3,058
180
1,733
902
1,173
2,229
1,876
-615
185
16,099
447
47
2,603
385
772
3,168
216
1,815
986
892
2,268
2,499
-671
231
GDP
Y/Y % Change
Oil Sector as % of GDP
19,949
0.4%
42.6%
20,304
1.8%
41.9%
21,783
7.3%
40.9%
24,778
13.7%
42.2%
30,733
23.8%
49.0%
Oil Sector:
Crude Oil
Natural Gas
Non-Oil Sector
Agriculture and Fishing
Mining and Quarrying
Manufacturing
Electricity and Water
Construction
Wholesale and Retail Trade
Hotels and Restaurants
Transports, Storage and Communication
Financial Institutions
Real Estate and Business Activities
Public Administration and Defense
Education, health and other services*
Provisional.
* Includes other community services, social, personal services and private household with employed persons.
Source: Central Bank of Oman, Quarterly Statistical Bulletin, June 2006 and Ministry of National Economy, Monthly Statistical Bulletin, July 2006.
2001
2002
2003
2004
2005
6,828
9.2%
7,186
5.2%
7,363
2.5%
7,657
4.0%
9,293
21.4%
0.3845
Revenues
Oil (net)
Gas
Other *
Expenditures
Current
Defense & National Security
Civil Ministries
Interest on loans
P.D.O**
Investment
Civil Ministries
P.D.O.
Gas Exploration
Participation & Subsidiaries to Private Sector
Decit/Surplus
Decit/Surplus as % of GDP
Total Revenue Y/Y % Change
Oil Revenue per Capita (US$)
Non-Oil Revenue per Capita (US$)
P
Budget@
2006
2001
2002
2003
2004
2005
6,605
4,876
191
1,538
7,439
5,690
2,427
2,799
245
219
1,447
898
516
33
301
7,827
5,723
199
1,905
7,645
5,914
2,491
2,988
182
253
1,526
953
524
49
205
8,596
6,024
226
2,346
8,294
6,172
2,626
3,080
156
310
1,821
1,109
629
82
301
10,507
7,555
653
2,299
9,829
6,921
2,974
3,392
193
361
2,611
1,163
669
780
296
11,901
8,393
1,025
2,484
11,113
8,268
3,651
3,984
174
458
2,515
1,303
650
562
330
9,329
6,551
1,025
1,753
11,020
7,540
3,238
3,597
195
510
2,887
1,020
817
1,051
593
-833
4.2%
10.9%
1,968
698
182
0.9%
18.5%
2,310
849
303
1.4%
9.8%
2,431
1,038
679
2.7%
22.2%
3,049
1,191
788
2.6%
13.3%
3,387
1,416
-1,691
n.a.
-21.6%
n.a.
n.a.
Revenues
Oil (net)
Gas
Other*
Expenditures
Current
Defense & National Security
Civil Ministries
Interest on loans
P.D.O**
Investment
Civil Ministries
P.D.O.
Gas Exploration
Participation & Subsidiaries to Private Sector
Decit/Surplus
Decit/Surplus as % of GDP
P
*
**
@
Provisional.
2002
2003
2004
5,956
4,476
191
1,289
6,908
5,441
2,103
2,855
279
204
1,279
760
497
22
189
-953
4.8%
6,605
4,876
191
1,538
7,439
5,690
2,427
2,799
245
219
1,447
898
516
33
301
-833
4.2%
7,827
5,723
199
1,905
7,645
5,914
2,491
2,988
182
253
1,526
953
524
49
205
182
0.9%
8,596
6,024
226
2,346
8,294
6,172
2,626
3,080
156
310
1,821
1,109
629
82
301
303
1.4%
10,508
6,960
276
3,272
9,909
6,921
2,974
3,392
193
361
2,691
1,296
669
726
296
599
2.4%
8,166
5,308
710
2,148
9,571
7,144
2,986
3,527
195
437
2,255
986
835
434
172
-1,404
n.a.
Provisional.
Includes customs duties, corporate income taxes and capital repayments.
Government's share in current expenditure of Petroleum Development of Oman Co. (P.D.O.).
Revenues are based on below market oil prices.
2000
Budget@
2005
38 | 39
Oman
Reserves (mn US$)
Total Reserves minus Gold
SDRs
Foreign Exchange*
Reserve Position in the I.M.F.
Gold (National valuation)
Total Reserves
2001
2002
2003
2004
2005
2,365
6
2,277
82
81
2,446
3,174
9
3,065
100
@
3,174
3,594
12
3,467
115
@
3,594
3,597
14
3,484
99
@
3,598
4,358
15
4,309
34
@
4,358
* Includes monetary authorities' claims on non-residents in the form of foreign bank notes, bank deposits, treasury bills, short
2000
2001
2002
2003
2004
2,311
2,277
3,065
3,467
3,484
2000
2001
2002
2003
2004P
1,139
3.7%
1,020
5.1%
1,621
8.1%
1,116
5.5%
1,277
5.9%
1,381
5.6%
2004
2005
2000
2001
2002
2003
2004
4,418
1,259
5,958
1,509
4,452
4,252
3,943
3,564
4,262
2001
2002
2003
2004
2,226
11.2%
1,808
8.9%
2,042
9.4%
2,172
8.7%
2001
2002
2003
4,252
1,737
3,943
1,512
3,575
1,352
2005 P
Provisional.
Source: IMF, IFS, November 2006 and Central Bank of Oman, Annual Report 2005.
Population* ('000)
2001
2002
2003
2004
2005
Omanis
% of Total Population
1,826
74%
1,870
74%
1,782
76%
1,803
75%
1,843
73%
Non-Omanis
% of Total Population
652
26%
668
26%
559
24%
613
25%
666
27%
2,478
2,538
2,341
2,416
2,509
Total Population
2000
2001
2002
2003
2004
* Mid-year estimates.
Source: Ministry of National Economy, Monthly Statistical Bulletin, July 2006.
2001
2002
2003
2004
2005
2000
2001
2002
2003
2004
114
87
76%
27
24%
590
60
10%
530
90%
705
148
21%
557
79%
119
93
79%
25
21%
613
66
11%
547
89%
732
159
22%
573
78%
123
99
80%
24
20%
482
75
16%
407
84%
605
174
29%
431
71%
127
104
82%
23
18%
511
87
17%
424
83%
638
191
30%
447
70%
132
109
83%
23
17%
522
99
19%
423
81%
654
208
32%
446
68%
110
114
119
123
127
56
60
66
75
87
* Includes only public corporation employees, Diwan of Royal Court and Ministry of Civil Service.
** Omanis working in the private sector and registered with Public Authority for Social Insurance.
Note: Figures may not add to total due to rounding.
Source : Central Bank of Oman, Annual Report 2005.
40 | 41
Oman
Oman
2002
2003
2004
2005
-0.4
-0.2
-0.6
0.4
1.9
Deposit Rate
Lending Rate
2001
2002
2003
2004
2005
4.50
9.23
2.89
8.55
2.37
8.23
2.32
7.57
3.30
7.01
2002
2003
2004
2005
4,479
-37.4
5,160
54.7
7,256
62.9
9,329
36.3
15,287
48.2
2002
2003
2004
2005
-0.4
-0.2
-0.6
0.4
2001
Deposit Rate
Lending Rate
2001
2001
-1.4
7.63
10.06
2001
* Year-end data.
Source: Central Bank of Oman, Annual Report 2005 and GIC Equity Research.
Year-end data.
Revised
Source: Central Bank of Oman, Annual Report 2004 and GIC Equity Research.
5,066
-9.9
2002
4.50
9.23
2002
4,479
-37.4
2003
2.89
8.55
2003
5,160
54.7
2004
2.37
8.23
2004 @
7,256
62.9
2005
2.32
7.57
2005
9,329
36.3
2002
2003
2004
2005
2000
2001
2002
2003
2004
23.00
24.29
27.84
34.42
50.26
26.71
23.00
24.29
27.84
34.42
2000
2001
2002
2003
2004
350
955
350
956
327
897
299
820
285
780
2000
2001
2002
2003
2004
16
-2
2,490
23
83
-1
2,543
22
23
0
2,597
22
138
-1
2,735
21
18
n.a.
3,432
32
Oil Production
Oil Production
2001
2002
2003
2004
2005
350
956
327
897
299
820
285
780
283
774
Inward Flow*
Outward Flow
Inward Stock (1)
Outward Stock (2)
2001
2002
2003
2004
2005
5
-1
2,512
33
109
0
2,621
33
489
153
3,110
186
200
250
3,310
436
715
44
4,025
480
Inward*
Outward
Inward Stocks (1)
Outward Stocks (2)
* FDI inward contain two components: equity capital and reinvested earnings but not intra-company loans.
(1)
(1)
(2)
(2)
Estimated by using the inward stock of the United States as a proxy and accumulated ows since 1993.
FDI inward contain two components: equity capital and reinvested earnings but not intra-company loans.
42 | 43
Oman
Oman
2001
2002
2003
2004
2005
Current Account
Current Account as% of GDP
2,081
10.4%
1,943
9.6%
1,485
6.8%
570
2.3%
4,715
15.3%
Trade Balance
Exports
Oil
Natural Gas
Other Exports
Re-export
Imports
Services
Income
Income (Credit)
Compensation of Employees
Other Investment Income
Income (Debit)
Direct Investment Income
Other Investment Income
Current Transfers
Capital and Financial Account
Capital Account
Financial Account
Foreign Direct Investment in Oman
Portfolio Investment
Other Investment
Net Errors & Omissions
Overall Balance
5,763
11,074
7,706
1,173
692
1,503
-5,311
-1,293
-858
307
39
268
-1,165
-986
-179
-1,532
-512
-10
-502
5
81
-588
-557
1,012
5,537
11,173
7,534
1,069
679
1,891
-5,636
-1,272
-720
242
39
203
-962
-796
-166
-1,602
-791
5
-796
109
-78
-827
-837
315
5,584
11,670
7,922
1,394
791
1,563
-6,086
-1,534
-892
244
39
205
-1,137
-1,030
-107
-1,672
-299
10
-309
336
-68
-577
-518
668
5,508
13,381
9,241
1,649
1,092
1,399
-7,873
-2,031
-1,082
260
39
221
-1,342
-1,199
-143
-1,826
606
21
585
-49
86
549
-661
515
10,663
18,692
13,420
2,309
1,443
1,519
-8,029
-2,231
-1,459
403
39
364
-1,862
-1,667
-195
-2,257
-996
-16
-980
671
-107
-1,545
-939
2,780
Provisional.
Notes:
Current Account
Trade Balance
Exports
Oil
Natural Gas
Other Exports
Re-export
Imports
Services
Income
Income (Credit)
Compensation of employees
Other Investment Income
Income (Debit)
Direct Investment Income
Other Investment Income
Current Transfers
Capital and Financial Account
Capital Account
Financial Account
Direct Investment in Oman
Portfolio Investment (Liabilities)
Other Investment
Net Errors & Omissions
Overall Balance
Foreign Exchange in the Central Bank*
Government Reserves
P
2000
2001
2002
2003
2004P
3,264
6,726
11,319
8,910
466
645
1,298
-4,593
-1,316
-694
291
39
252
-986
-674
-312
-1,451
-640
8
-648
16
-36
-627
-364
-2,260
346
-2,606
2,010
5,763
11,074
7,706
1,173
692
1,503
-5,311
-1,545
-676
322
39
283
-999
-739
-260
-1,532
-705
-10
-694
83
13
-791
-294
-1,012
-21
-991
1,774
5,537
11,173
7,534
1,069
679
1,891
-5,636
-1,415
-746
250
39
211
-996
-824
-172
-1,602
-1,142
5
-1,147
23
-18
-1,152
-317
-315
-650
336
882
5,584
11,670
7,922
1,394
791
1,563
-6,086
-1,527
-1,503
247
39
208
-1,750
-1,644
-130
-1,672
-270
10
-281
528
55
-863
57
668
-291
-377
442
5,472
13,345
9,241
1,612
1,092
1,399
-7,873
-1,909
-1,295
260
39
221
-1,555
-1,425
-107
-1,826
1,007
21
986
-18
276
728
-934
515
60
-575
Provisional.
Includes reserve position in the IMF and SDR holding.
Exports and imports are both measured on a "free-on-board" (f.o.b.) basis which is the value of goods at the border of the exporting country. In the case of
Notes:
imports, this excludes the cost of freight and insurance incurred beyond the border of the exporting country.
Exports and imports are both measured on a "free-on-board" (f.o.b.) basis which is the value of goods at the border of the exporting country. In the case of
imports, this excludes the cost of freight and insurance incurred beyond the border of the exporting country.
Source: Central Bank of Oman, Quarterly Statistical Bulletin, June 2005.
% of Exports
2001
China
Japan
Korea
2,726
2,239
2,101
25%
20%
19%
2002
Japan
Korea
China
1,910
1,723
1,272
17%
15%
11%
2003
Japan
Korea
China
2,285
2,089
1,805
20%
18%
15%
2004
China
Korea
Japan
3,789
2,250
1,476
28%
17%
11%
2005
China
Korea
Japan
3,766
3,368
2,475
20%
18%
13%
Partner
% of Imports
UAE
Japan
UK
1,655
878
478
31%
17%
9%
UAE
Japan
UK
UAE
Japan
UK
1,561
945
421
1,737
1,065
477
28%
17%
7%
29%
18%
8%
UAE
Japan
UK
UAE
Japan
UK
1,632
1,278
649
2,167
1,523
747
21%
16%
8%
27%
19%
9%
2001
2002
2003
2004
2005
f.o.b.: The value of goods at the border of the exporting country.
c.i.f.: The value of goods, including the cost of freight and insurance, at the border of the importing country.
Note: Share of trade partners for previous years have been adjusted to reect revisions made on total imports for concerned years.
Source : IMF, Direction of Trade Statistics, various issues through September 2006.
44 | 45
Oman
Oman
Exports to
Bahrain
Kuwait
Qatar
Saudi Arabia
United Arab Emirates
Imports from
Bahrain
Kuwait
Qatar
Saudi Arabia
United Arab Emirates
2001
2002
2003
2004
2005
15
27
16
188
781
16
26
15
181
1,008
19
29
19
198
769
28
51
40
146
930
38
68
53
194
1,234
2001
2002
2003
2004
2005
28
25
8
200
1,655
29
24
7
189
1,561
32
26
8
210
1,737
173
40
30
258
1,632
221
53
40
343
2,167
* Discrepancies in trade statistics are caused by: Classication concepts and details, time of recording, valuation, coverage and
Source : IMF, Direction of Trade Statistics, various issues through September 2006.
processing errors.
Exports to
Bahrain
Kuwait
Qatar
Saudi Arabia
United Arab Emirates
Imports from
Bahrain
Kuwait
Qatar
Saudi Arabia
United Arab Emirates
*
2000
2001
2002
2003
2004
14
28
16
163
778
15
27
16
188
781
16
26
15
181
1,008
19
29
19
198
769
28
51
40
146
930
2000
2001
2002
2003
2004
28
26
8
207
1,706
28
25
8
200
1,655
29
24
7
189
1,561
32
26
8
210
1,737
173
40
30
258
1,632
Discrepancies in trade statistics are caused by: Classication concepts and details, time of recording, valuation, coverage and processing errors.
Source : IMF, Direction of Trade Statistics, various issues through September 2005 and Oman Central Bank Annual Report 2004.
Qatar
50
Bn US$
40
30
20
10
0
2001
2002
2003
2004
2005
20
Bn US$
15
10
5
0
2001
2002
2003
2004
2005
2001
2002
2003
2004
2005
10
8
6
4
2
0
48 | 49
Qatar
Qatar
2005P
2001
2002
2003
10,113
66
1,074
119
807
955
121
611
530
80
646
171
2,245
11,186
50
1,395
112
987
959
131
684
669
71
673
181
2,266
13,888
55
1,800
331
1,279
1,040
153
800
798
88
684
201
2,417
17,286
58
3,295
407
1,765
1,440
249
1,104
879
151
1,245
452
3,402
25,294
59
3,583
607
2,402
1,525
362
1,405
1,687
268
1,593
515
3,163
GDP
Y/Y % Change
Oil and Gas Sector as % of GDP
17,538
-1.2%
57.7%
19,364
10.4%
57.8%
23,534
21.5%
59.0%
31,734
34.8%
54.5%
42,463
33.8%
59.6%
Revised.
Provisional.
2001
2002
2003
2004
2005
7,900
0.0%
8,832
11.8%
10,226
15.8%
12,326
20.5%
17,657
43.3%
QR per US$
*
3.64
2005P
2001
2002
2003
10,732
66
966
214
640
1,030
551
1,292
2,268
10,113
66
1,074
268
807
1,076
611
1,405
2,321
11,186
50
1,394
265
987
1,066
684
1,572
2,502
14,321
55
1,354
494
1,279
1,194
800
1,735
2,470
17,683
55
1,789
638
1,487
1,419
940
1,898
2,541
Total GDP
Y/Y % Change
Oil Sector as % of GDP
17,760
43.3%
60.4%
17,741
-0.1%
57.0%
19,707
11.1%
56.8%
23,701
20.3%
60.4%
28,451
20.0%
62.2%
Revised.
Provisional.
Budget**
2001/02
2002/03
2003/04
2004/05
2005/06
Total Revenues
Oil and Gas
Investment
Other
6,251
4,274
1,166
812
8,091
5,236
2,368
488
8,439
5,428
2,215
796
15,174
9,978
3,813
1,383
16,904
11,283
4,178
1,443
15,632
n.a.
n.a.
n.a.
Total Expenditures
Current Expenditure
Wages & Salaries
Interest payments
Supplies and Services
Others
Development Expenditure
5,633
4,776
1,568
759
225
2,224
857
6,443
5,163
1,648
614
459
2,441
1,280
7,422
5,981
1,729
534
533
3,185
1,441
9,782
7,640
2,071
515
426
4,629
2,142
12,862
8,427
1,822
389
198
6,019
4,434
15,000
9,505
n.a.
n.a.
n.a.
n.a.
5,495
Decit/Surplus
Decit/Surplus as % of GDP
Total Revenues Y/Y % Change
Oil Revenue per Capita (US$)
Non-Oil Revenue per Capita (US$)
618
3.5%
-8.8%
6,588
3,048
1,648
8.5%
29.4%
7,673
4,184
1,017
4.3%
4.3%
7,563
4,195
5,391
17.0%
79.8%
13,410
6,983
4,042
9.5%
11.4%
14,171
7,060
632
n.a.
-7.5%
n.a.
n.a.
2006/7
2001/02
2002/03
2003/04
6,855
5,521
748
587
6,251
4,274
1,166
812
7,834
4,989
2,368
477
8,439
5,428
2,215
796
13,613
8,498
3,813
1,302
10,447
5,722
3,448
1,278
Total Expenditures
Current Expenditure
Wages & Salaries
Interest payment
Supplies and Services
Others
Development Expenditure
Decit/Surplus
Decit/Surplus as % of GDP
5,575
5,014
1,471
820
416
2,306
561
1,280
7.2%
5,633
4,776
1,568
759
225
2,224
857
618
3.5%
6,264
5,040
1,648
614
444
2,334
1,224
1,570
8.0%
7,422
5,981
1,729
534
533
3,185
1,441
1,017
4.3%
9,686
7,559
2,070
432
418
4,640
2,126
3,927
13.8%
10,388
7,165
1,735
432
276
4,723
3,222
60
n.a.
*
**
50 | 51
2004/05
Budget**
2005/06
2000/01
Provisional.
Total Revenues
Oil and Gas
Investment
Other
Qatar
Qatar
2001
2002
2003
2004
2005
1,313
23
1,191
99
5
1,318
1,567
27
1,404
136
7
1,574
2,944
32
2,758
154
8
2,952
3,396
36
3,225
134
18
3,414
4,542
36
4,457
50
10
4,552
* Includes monetary authorities' claims on non-residents in the form of foreign banknotes, bank deposits, treasury bills, short a
2003
2004
2005
1,567
27
1,404
136
7
1,574
2,944
32
2,758
154
8
2,952
3,396
36
3,225
134
18
3,414
2002
1,313
23
1,191
99
5
1,318
Includes monetary authorities' claims on non-residents in the form of foreign banknotes, bank deposits, treasury bills, short and long term government securities,
Debt
As % of GDP
2001
1,158
21
1,079
58
5
1,163
6,052
34.5%
2002
4,619
23.9%
2003
5,476
23.3%
2004
5,074
16.0%
2005
5,124
12.1%
Debt
As % of GDP
Source: Qatar Central Bank, Dept. of Economic Policies.
2001
2002
2003
2004
2005
4,247
23.9%
6,052
34.1%
4,619
23.4%
5,476
23.1%
5,074
17.8%
2002
2003
2004
2005
9,192
1,848
8,679
1,347
10,025
1,953
11,478
1,704
15,793
2,834
Debt**
of which: Short-term
2001
2002
2003
2004
2005
9,066
1,813
9,192
1,848
8,679
1,347
9,982
1,917
11,461
2,198
Source: Joint BIS-IMF-OECD-World Bank Statistics on External Debt, June 2006 (www.oecd.org).
Source: Joint BIS-IMF-OECD-World Bank Statistics on External Debt, June 2005 (www.oecd.org).
Population* ('000)
Population* ('000)
**
2001
2002
2003
2004
2005
2001
2002
2003
2004
2005
649
682
718
744
796
610
640
690
730
780
* Mid-year estimates.
52 | 53
Mid-year estimates.
Qatar
Qatar
Labor Force
Government
Qatari
Expatriates
Public Sector
Qatari
Expatriates
Private Financial Institutions
Qatari
Expatriates
Other Private Sector
Qatari
Expatriates
Total Labor Force
Qatari
As % of Total
Expatriates
As % of Total
Labor Force
2001
2002
2003
2004
2005
33,783
22,388
11,395
20,570
6,238
14,332
2,656
386
2,270
10,223
1,974
8,249
67,232
30,986
46%
36,246
54%
35,481
23,406
12,075
22,208
7,095
15,113
4,639
443
4,196
12,202
2,339
9,863
74,530
33,283
45%
41,247
55%
37,647
25,170
12,477
24,379
7,566
16,813
4,997
499
4,498
13,014
2,610
10,404
80,037
35,845
45%
44,192
55%
38,004
25,816
12,188
29,995
8,753
21,242
5,510
556
4,954
13,906
2,745
11,161
87,415
37,870
43%
49,545
57%
37,654
25,876
11,778
31,026
8,498
22,528
6,465
602
5,863
16,801
3,034
13,767
91,946
38,010
41%
53,936
59%
Source: The Qatar Planning Council, The General Secretarial, Annual Statistical Abstract 2006.
2001
2002
2003
2004
Government
Qatari
Expatriates
Public Sector
Qatari
Expatriates
Private Financial Institutions
Qatari
Expatriates
Other Private Sector
Qatari
Expatriates
35,873
22,387
13,486
16,350
4,766
11,584
2,563
367
2,196
9,457
1,779
7,678
33,783
22,388
11,395
20,570
6,238
14,332
2,656
386
2,270
10,223
1,974
8,249
35,481
23,406
12,075
22,208
7,095
15,113
4,639
443
4,196
12,202
2,339
9,863
37,647
25,170
12,477
24,379
7,566
16,813
4,997
499
4,498
13,014
2,610
10,404
38,004
25,816
12,188
29,995
8,753
21,242
5,510
556
4,954
13,906
2,745
11,161
Total
Qatari
As % of Total
Expatriates
As % of Total
64,243
29,299
46%
34,944
54%
67,232
30,986
46%
36,246
54%
74,530
33,283
45%
41,247
55%
80,037
35,845
45%
44,192
55%
87,415
37,870
43%
49,545
57%
Source: The Qatari Planning Council, The General Secretariat, Annual Statistical Abstract 2005.
2000
2002
2003
2004
2005
2000
2001
2002
2003
2004
1.4
0.2
2.3
6.8
8.8
1.7
1.4
0.2
2.5
6.8
2002
2003
2004
2005
7,341
57.0
10,570
38.5
26,709
76.5
40,437
49.0
87,143
101.7
* Year-end.
2001
2002
2003
2004
2005
23.74
24.36
27.44
36.05
53.46
2001
2002
2003
2004
2005
5,200
1.45
7,341
7.03
10,570
8.57
26,709
6.54
40,437
9.0
Year-end.
2001
2002
2003
2004
2005
26.95
23.74
24.36
27.52
36.05
2001
2002
2003
2004
2005
2001
2002
2003
2004
2005
633
569
676
755
766
648
633
569
676
755
54 | 55
Qatar
Qatar
2002
2003
2004
2005
10,871
-3,386
7,485
-1,028
-704
-1,601
4,152
23.7%
-1,055
0
-1,055
-472
2,625
10,978
-3,650
7,328
-1,090
-897
-1,517
3,824
19.7%
-1,712
-373
-1,340
-323
1,789
13,382
-4,359
9,024
-1,203
-416
-1,650
5,754
24.4%
-757
-319
-438
-766
4,230
18,685
-5,410
13,275
-1,227
-2,242
-2,254
7,552
23.8%
-1,335
-551
-785
-2,289
3,927
25,762
-9,064
16,698
-924
-2,485
-2,577
10,713
25.2%
-4,056
-753
-3,303
-2,227
4,429
Exports
Imports
Trade Balance
Services (Net)
Income (Net)
Transfers (Net)
Current Account
Capital and Financial Account
Overall Balance
Change in Reserves*
P
2001
2002
2003
2004P
11,594
-2,930
8,664
-1,276
-1,399
-1,413
4,576
-19
2,691
-2,691
10,871
-3,386
7,485
-1,028
-704
-1,601
4,152
-1,055
2,625
-2,625
10,978
-3,650
7,328
-1,090
-897
-1,517
3,824
-1,712
1,789
-1,789
13,382
-4,359
9,024
-1,203
-416
-1,650
5,754
-757
4,230
-4,230
18,685
-5,410
13,275
-1,227
-2,242
-2,254
7,552
-1,335
3,927
-3,927
Provisional.
Negative signs indicate outows while positive sign indicate inows.
Notes:
Exports and imports are both measured on a "free-on-board" (f.o.b.) basis which is the value of goods at the border of the exporting country. In the case of
imports, this excludes the cost of freight and insurance incurred beyond the border of the exporting country.
Provisional.
Notes:
2000
Exports and imports are both measured on a "free-on-board" (f.o.b.) basis which is the value of goods at the border of the exporting country. In the case of
imports, this excludes the cost of freight and insurance incurred beyond the border of the exporting country.
Source: Qatar Central Bank, Quarterly Statistical Bulletin, June 2006.
Inward Flow
Outward Flow
Inward Stock (1)
Outward Stock (2)
(2)
296 *
17
2,207
92
2002
2003
2004
2005
624
-21
625
-2
1,199
192
1,469
352
2,831
70
3,456
68
4,655
260
6,124
612
Inward
Outward
Inward Stocks (1)
Outward Stocks (2)
(1)
(2)
2000
2001
2002
2003
2004
252
41
1,920
181
296*
112
2,216
293
631
61
2,847
353
625
71
3,247
424
679
2
4,144
67
2001
2002
2003
2004
2005
% of Exports
5,648
2,338
639
4,773
1,975
972
5,924
2,395
1,248
7,779
2,933
1,695
9,662
5,090
2,157
44%
18%
5%
40%
17%
8%
41%
17%
9%
42%
16%
9%
38%
20%
8%
% of Imports
France
USA
Italy
France
Japan
USA
France
UK
Japan
France
USA
UAE
721
369
346
722
407
346
998
567
523
1,607
577
379
18%
9%
8%
18%
10%
9%
19%
11%
10%
27%
10%
6%
France
Japan
USA
1,200
1,087
1,085
15%
14%
13%
Japan
Korea
Singapore
Japan
Korea
Singapore
Japan
Korea
Singapore
Japan
Korea
Singapore
Japan
Korea
Singapore
2002
2003
2004
2005
2000
2001
2002
2003
2004
Japan
Korea
Singapore
Japan
Korea
Singapore
Japan
Korea
Singapore
Japan
Korea
Singapore
Japan
Korea
Singapore
% of Imports
5,216
1,952
824
5,648
2,338
639
4,773
1,975
972
5,924
2,395
1,248
7,779
2,933
1,695
45%
17%
7%
44%
18%
5%
40%
17%
8%
41%
17%
9%
42%
16%
9%
% of Imports
358
335
266
721
369
346
722
407
346
998
567
523
1,607
577
379
11%
10%
8%
18%
9%
8%
18%
10%
9%
19%
11%
10%
27%
10%
6%
2001
Partner
Partner
2000
2001
2002
2003
2004
Japan
USA
Germany
France
USA
Italy
France
Japan
USA
France
UK
Japan
France
USA
UAE
c.i.f.: The value of goods, including the cost of freight and insurance, at the border of the importing country.
c.i.f.: The value of goods, including the cost of freight and insurance, at the border of the importing country.
Source : IMF, Direction of Trade Statistics, various issues through September 2006.
Source : IMF, Direction of Trade Statistics, various issues through September 2005.
56 | 57
Qatar
Qatar
Export to
Bahrain
Kuwait
Oman
Saudi Arabia
United Arab Emirates
Imports from
Bahrain
Kuwait
Oman
Saudi Arabia
United Arab Emirates
2001
2002
2003
2004
2005
19
10
7
111
126
20
9
7
105
117
24
10
7
117
131
37
78
27
194
616
50
103
36
258
818
2001
2002
2003
2004
2005
40
17
17
178
218
41
16
16
168
206
25
16
20
210
205
79
28
44
571
379
101
38
59
758
504
* Discrepancies in trade statistics are caused by: Classication concepts and details, time of recording, valuation, coverage and
Source : IMF, Direction of Trade Statistics, various issues through September 2006.
processing errors.
Exports to
Bahrain
Kuwait
Oman
Saudi Arabia
United Arab Emirates
Imports from
Bahrain
Kuwait
Oman
Saudi Arabia
United Arab Emirates
*
2000
2001
2002
2003
2004
17
10
7
115
513
19
10
7
111
126
20
9
7
105
117
24
10
7
117
131
37
78
27
194
616
2000
2001
2002
2003
2004
40
17
18
183
225
40
17
17
178
218
41
16
16
168
206
25
16
20
210
205
79
28
44
571
379
Discrepancies in trade statistics are caused by: Classication concepts and details, time of recording, valuation, coverage and processing errors.
Source : IMF, Direction of Trade Statistics, various issues through September 2005.
Saudi Arabia
350
300
Bn US$
250
200
150
100
50
0
2001
2002
2003
2004
2005
150
Bn US$
120
90
60
30
0
0.8
0.6
0.4
0.2
0.0
-0.2
-0.4
-0.6
-0.8
-1.0
-1.2
2001
2002
2003
2004
2005
2001
2002
2003
2004
2005
60 | 61
Saudi Arabia
Saudi Arabia
Debt
As % of GDP
2001
2002
2003
2004
2005
170,900
93.3%
173,750
92.0%
176,240
82.0%
163,950
65.4%
126,840
40.9%
**
2001
2002
2003
2004
2005
26,584
13,096
22,367
13,342
23,806
16,003
22,539
12,629
29,729
13,645
Population ('000)
2001
2002
2003
2004
2005
15,292
5,684
15,667
5,824
16,052
5,967
16,421
6,108
16,854
6,265
Total Population *
Saudis as % of population
Non-Saudis as % of population
20,976
72.9%
27.1%
21,491
72.9%
27.1%
22,019
72.9%
27.1%
22,529
72.9%
27.1%
23,119
72.9%
27.1%
2001
2002
2003
2004
26,584
13,096
22,367
13,342
23,760
16,003
22,103
12,780
Population ('000)
Saudi
Non-Saudi
Total Population**
Saudi as % of population
Non-Saudi as % of population
*
Saudis
Non-Saudis
2000
28,876
11,505
Source : Joint BIS-IMF-OECD-World Bank External Debt Database, June 2005 (www.oecd.org).
Debt**
of which : Short-term
2001
2002
2003
2004
2005
711
631
80
5,098
588
4,510
5,809
1,219
4,590
728
653
75
5,185
598
4,587
5,913
1,251
4,662
747
678
69
5,128
592
4,536
5,875
1,269
4,606
763
694
69
4,649
486
4,163
5,412
1,180
4,232
783
713
70
5,362
623
4,739
6,146
1,336
4,809
**
2000
2001
2002
2003
2004*
14,925
4,548
19,473
76.6%
23.4%
15,292
5,684
20,976
72.9%
27.1%
15,667
5,824
21,491
72.9%
27.1%
16,052
5,967
22,019
72.9%
27.1%
16,529
6,144
22,673
72.9%
27.1%
2001
2002
2003
2004
923
752
170
6,382
2,744
3,639
7,305
3,496
3,809
926
770
156
6,445
2,894
3,551
7,371
3,664
3,707
929
788
141
6,508
3,045
3,463
7,437
3,833
3,604
932
806
126
6,573
3,184
3,389
7,505
3,990
3,515
Source: Ministry of Planning, Central Dept. of Statistics, Seventh ve-year Development Plan (2000-2005).
Budget@
2001
2002
2003
2004
2005
2006
60.9
49.1
11.8
68.1
8.4
59.7
-7.2
3.9%
-11.6%
2,341
563
56.9
44.4
12.5
62.3
8.0
54.3
-5.5
2.9%
-6.6%
2,064
583
78.2
61.7
16.6
68.6
8.9
59.7
9.6
4.5%
37.6%
2,801
752
104.8
88.1
16.6
76.2
10.0
66.1
28.6
11.4%
33.9%
3,911
738
150.7
134.7
16.0
92.5
16.6
75.9
58.2
18.8%
43.9%
5,827
691
104.1
18.7
85.4
89.5
n.a.
n.a.
14.7
n.a.
-30.9%
n.a.
n.a.
Total Revenues
Oil Revenue
Other Revenue
Total Expenditures
Project Expenditure
Current Expenditure
Decit/Surplus
Decit/Surplus as % of GDP
*
@
2000*
2001
2002
2003
2004
2005
68.9
57.3
11.7
62.8
4.9
57.9
6.1
3.2%
60.9
49.1
11.8
68.1
8.4
59.7
-7.2
3.9%
56.9
44.4
12.5
62.3
8.0
54.3
-5.5
2.9%
78.2
61.7
16.5
68.6
9.0
59.7
9.6
4.5%
104.8
88.1
16.6
76.2
10.0
66.1
28.6
11.4%
74.8
n.a.
n.a.
74.8
n.a.
n.a.
0.0
n.a.
2000
19,586
191
18,036
1,359
210
19,795
2001
17,596
242
14,796
2,558
202
17,798
2002
20,610
332
16,715
3,564
219
20,829
2003
22,620
431
17,662
4,527
239
22,859
27,291
519
23,273
3,499
250
27,541
Source: Saudi Arabian Monetary Agency, Annual Report 2004 and (www.sama.gov.sa).
Deposit Rate
3.92
2002
2.23
2003
1.63
2004
1.73
2005
3.75
2001
2002
2003
2004
2005
17,596
242
14,796
2,558
202
17,798
20,610
332
16,715
3,564
219
20,829
22,620
431
17,662
4,527
239
22,859
27,291
519
23,273
3,499
250
27,541
26,530
550
24,074
1,906
230
26,760
Includes monetary authorities' claims on non-residents in the form of foreign banknotes, bank deposits, treasury bills, short and long term government securities
and other claims usable in the event of balance of payments need.
* Includes monetary authorities' claims on non-residents in the form of foreign banknotes, bank deposits, treasury bills, short and long term government securities
and other claims usable in the event of balance of payments need.
Debt
As % of GDP
2000
2001
2002
2003
2004
164,486
87.2%
168,225
91.8%
182,966
96.9%
167,957
78.2%
163,952
65.3%
Source: IMF, Staff Report for the 2001 Article IV Consultation and SAMA Annual Report 2005.
62 | 63
2004
Saudi Arabia
Saudi Arabia
Revised.
Provisional.
2001
2002
2003
9,535
61,482
60,776
706
18,480
5,168
13,311
2,384
11,531
13,296
8,160
21,061
11,732
9,329
6,159
3,736
33,001
1,905
183,257
-2.9%
33.2%
9,640
63,265
62,538
726
19,486
5,456
14,030
2,484
11,946
13,814
8,527
21,915
12,013
9,902
6,442
3,929
33,241
1,972
188,803
3.0%
33.1%
9,734
78,534
77,791
744
23,035
7,939
15,096
2,636
12,587
14,381
8,872
22,922
12,277
10,644
6,706
4,070
37,364
2,159
214,859
13.8%
36.2%
2004@
9,930
102,662
101,891
771
25,588
8,661
16,927
2,779
13,656
15,523
9,524
24,357
12,804
11,554
7,070
4,259
41,488
2,356
250,673
16.7%
40.6%
2005P
10,218
149,039
148,233
805
29,705
10,535
19,170
2,942
14,630
16,741
10,274
26,093
13,332
12,761
7,469
4,469
44,602
2,701
309,944
23.6%
47.8%
2001
2002
2003
2004
2005
72,385
5.8%
82,875
14.5%
89,828
8.4%
108,939
21.3%
119,841
10.0%
SR per US$
*
3.745
Revised.
Provisional.
2000
2001
2002
2003@
2004P
9,339
70,066
69,385
681
18,235
5,630
12,605
2,274
11,141
12,772
7,771
20,348
11,497
8,851
5,921
3,560
31,809
2,577
188,693
17.1%
36.8%
9,535
61,482
60,776
706
18,480
5,168
13,311
2,384
11,531
13,296
8,160
21,061
11,732
9,329
6,159
3,736
33,001
1,905
183,257
-2.9%
33.2%
9,640
63,265
62,538
726
19,486
5,456
14,030
2,484
11,946
13,814
8,527
21,915
12,013
9,902
6,442
3,929
33,241
1,972
188,803
3.0%
33.1%
9,734
78,534
77,791
744
23,035
7,939
15,096
2,636
12,587
14,381
8,872
22,922
12,277
10,644
6,706
4,070
37,364
2,159
214,859
13.8%
36.2%
9,930
105,890
105,119
771
25,357
8,430
16,927
2,779
13,656
15,523
9,524
24,357
12,804
11,554
7,070
4,259
38,705
2,360
250,892
16.8%
41.9%
2002
2003
2004
2005
2000
2001
2002
2003
2004
-1.1
0.2
0.6
0.3
0.7
-1.1
-1.1
0.2
0.6
0.5
Source: Saudi Arabian Monetary Agency, Monthly Statistical Bulletin, August 2006.
2001
2002
2003
2004
2005
73,431
14.2
75,033
7.0
157,543
59.9
306,809
94.8
651,044
124.3
2000
2001
2002
2003
2004
68,091
12.9
73,431
14.2
75,033
7.0
157,543
59.9
306,809
94.8
* Year-end.
Source: Saudi Arabian Monetary Agency, Monthly Statistical Bulletin, August 2006 and GIC Equity Research.
Source: Saudi Arabian Monetary Agency, Monthly Statistical Bulletin, September 2005 and GIC Equity Research.
Total Production
Daily Avg.
Arab Light Price (US$/bl)
2001
2002
2003
2004
2005
2,879
7.89
23.06
2,589
7.09
24.32
3,070
8.41
27.69
3,247
8.90
34.53
3,414
9.35
50.21
Year-end.
Total Production
Daily Avg.
Arab Light Price (US$/bl)
Source: OPEC Annual Statistical Bulletin 2004.
64 | 65
2000
2001
2002
2003
2004
2,963
8.10
26.81
2,879
7.89
23.06
2,589
7.09
24.32
3,070
8.41
27.69
3,247
8.90
34.53
Saudi Arabia
Saudi Arabia
Total Exports
Total Imports
Trade Balance
Net Services
Net Income*
Current Transfers, net
Current Account
Current Account as % of GDP
Financial Account, net **
Portfolio Investment Assets
Net Error and Omissions
Overall Balance
2001
2002
2003
2004
67,973
28,607
39,366
-14,273
-519
-15,220
9,353
5.1%
-11,262
-2,797
0
-1,909
72,464
29,624
42,840
-14,803
-211
-15,954
11,873
6.3%
-9,137
7,552
0
2,736
93,244
33,868
59,376
-15,144
-1,300
-14,883
28,048
13.1%
-26,440
-18,738
0
1,608
125,998
40,050
84,948
-19,844
478
-13,655
51,926
20.7%
-47,428
-26,654
0
4,498
2005
174,635
51,327
123,308
-22,031
272*
-14,418
87,131
28.1%
-87,596
-48,013
-1
-464
* Net government & private sector foreign income. 2005 gures reects income credit of $ 4943 million and income debit of $ 4671 million.
** The net sum of the balance of direct investment, portfolio investment, other investment transactions and nancial derivatives.
Total Exports
Total Imports
Trade Balance
Net Services
Net Income*
Current Transfers, net
Current Account
Financial Account, net**
Overall Balance
*
**
2000
2001
2002
2003
2004
77,481
27,704
49,777
-20,449
480
-15,490
14,317
-11,652
2,665
67,973
28,607
39,366
-14,273
-519
-15,220
9,353
-11,262
-1,909
72,464
29,624
42,840
-14,803
-211
-15,954
11,873
-9,137
2,736
93,244
33,868
59,376
-15,144
-1,300
-14,883
28,048
-26,440
1,608
126,063
40,841
85,222
-19,819
-260
-13,655
51,488
-46,990
4,498
Exports and imports are both measured on a "free-on-board" (f.o.b.) basis which is the value of goods at the border of the exporting country. In the case of
Notes:
imports, this excludes the cost of freight and insurance incurred beyond the border of the exporting country.
Exports and imports are both measured on a "free-on-board" (f.o.b.) basis which is the value of goods at the border of the exporting country. In the case of
imports, this excludes the cost of freight and insurance incurred beyond the border of the exporting country.
Inward
Outward Flow
Inward Stock
Outward Stock (2)
2001
2002
2003
2004
2005
504
-612
17,281
1,592
453
143
17,734
1,736
778
83
18,512
1,819
1,942
709
20,454
2,528
4,628
1,183
26,066
3,711
* FDI in Saudi Arabia is dened as Foreign Licensed Capital (currency notes, securities, machinery, equipment and other assets o
wned by non-Saudis)
(2)
Inward** (1)
Outward e
Inward Stocks (2)
Outward Stocks (3)
*
2000
2001
2002
2003
2004
-1,884
155
25,963
2,120
20
-44
25,983
2,076
-615
50
25,368
2,126
208
54
25,576
2,180
1,867
73
20,454
1,892
FDI in Saudi Arabia is dened as Foreign Licensed Capital (currency notes, securities, machinery, equipment and other assets owned by non-Saudis)
in joint ventures approved by the Saudi government.
**
FDI inows with negative sign means that at least one of the three components of inward FDI (equity capital, retained earnings or intra-company loans)
is negative and not offset by positive amounts of the other components.
e
(1)
Not all FDI components are available, only intra-company loans are consistently available for all years. The other two components (equity capital and retained
Estimate
Not all FDI components are available, only intra-company loans are consistently available for all years. The other two components (equity capital and retained
earnings) are available for some years.
(2)
(3)
Estimated by using the inward stock of United States as a proxy and accumulated ows since 1993.
2001
2002
2003
2004
2005
% of Exports
Partner
% of Imports
USA
Japan
Korea
USA
Japan
Korea
USA
Japan
Korea
USA
Japan
Korea
13,104
12,457
7,325
12,629
10,580
6,864
17,750
13,241
8,322
20,457
16,803
10,727
18%
17%
10%
19%
16%
10%
19%
14%
9%
16%
13%
9%
USA
Japan
Korea
26,333
25,978
14,642
15%
15%
8%
USA
Japan
Korea
USA
Japan
Korea
USA
Japan
Korea
USA
Japan
Korea
USA
Japan
Korea
13,002
12,898
8,765
13,104
12,457
7,325
12,629
10,580
6,864
17,750
13,241
8,322
20,457
16,803
10,727
17%
16%
11%
18%
17%
10%
19%
16%
10%
19%
14%
9%
16%
13%
9%
Partner
% of Imports
7,631
3,398
2,662
6,567
3,878
2,952
5,256
4,142
3,544
5,055
4,106
3,927
6,845
4,366
3,612
27%
12%
9%
21%
12%
9%
16%
13%
11%
14%
11%
11%
15%
10%
8%
Partner
2002
2003
2004
2005
2001
2002
2003
2004
2001
2000
USA
Japan
Germany
USA
Japan
Germany
USA
Japan
Germany
USA
Japan
Germany
USA
Germany
Japan
% of Imports
6,567
3,878
2,952
5,256
4,142
3,544
5,055
4,106
3,927
6,845
4,366
3,612
7,513
5,525
4,585
21%
12%
9%
16%
13%
11%
14%
11%
11%
15%
10%
8%
15%
11%
9%
2000
2001
2002
2003
2004
USA
Japan
Germany
USA
Japan
Germany
USA
Japan
Germany
USA
Japan
Germany
USA
Japan
Germany
c.i.f.: The value of goods, including the cost of freight and insurance, at the border of the importing country.
c.i.f.: The value of goods, including the cost of freight and insurance, at the border of the importing country.
Note: Share of trade partners for previous years have been adjusted to reect revisions made on total imports for concerned years.
Source : IMF, Direction of Trade Statistics, various issues through September 2005.
Source : IMF, Direction of Trade Statistics, various issues through September 2006.
66 | 67
Saudi Arabia
Saudi Arabia
Exports to
Bahrain
Kuwait
Oman
Qatar
United Arab Emirates
Imports from
Bahrain
Kuwait
Oman
Qatar
United Arab Emirates
2001
2002
2003
2004
2005
1,554
540
182
162
888
1,653
509
172
259
951
2,004
567
191
369
1,059
2,651
652
235
519
1,422
3,606
866
312
689
1,887
2001
2002
2003
2004
2005
187
104
136
135
572
193
98
119
145
539
215
109
152
169
600
450
205
161
188
1,187
574
272
214
250
1,575
* Discrepancies in trade statistics are caused by: Classication concepts and details, time of recording, valuation, coverage and
Source : IMF, Direction of Trade Statistics, various issues through September 2006 and (www.sama.gov.sa).
processing errors.
Exports to
Bahrain
Kuwait
Oman
Qatar
United Arab Emirates
Imports from
Bahrain
Kuwait
Oman
Qatar
United Arab Emirates
*
2000
2001
2002
2003
2004
1,440
557
188
167
837
1,554
540
182
162
888
1,653
509
172
259
951
2,004
567
191
369
1,059
2,651
652
235
519
1,422
2000
2001
2002
2003
2004
188
107
105
93
590
187
104
136
135
572
193
98
119
145
539
215
109
152
169
600
450
205
161
188
1,187
Discrepancies in trade statistics are caused by: Classication concepts and details, time of recording, valuation, coverage and processing errors.
Source : IMF, Direction of Trade Statistics, various issues through September 2005 and (www.sama.gov.sa).
150
Bn US$
120
90
60
30
0
2001
2002
2003
2004
2005
Abu Dhabi
Dubai
Sharjah
Ajman
Umm Al-Qiwain
Ras Al-Khaimah
Fujaeirah
50
40
30
20
10
0
2001
2002
2003
2004
2005
2001
2002
2003
2004
2005
8
7
6
5
4
3
2
70 | 71
Revised.
Provisional.
2001
2002
2003
20,609
20,419
9,566
2,413
1,332
4,750
6,219
1,480
5,336
4,587
5,354
1,107
-1,414
7,360
528
69,227
-1.5%
29.5%
19,953
19,755
10,268
2,479
1,342
5,848
7,868
1,641
5,920
4,714
6,133
1,542
-1,552
7,587
553
74,297
7.3%
26.6%
25,296
25,088
11,495
2,492
1,636
7,099
9,656
1,777
6,723
5,419
6,904
1,768
-1,586
8,370
562
87,611
17.9%
28.6%
2004@
33,789
33,563
13,658
2,750
1,830
7,889
11,833
1,999
7,424
6,365
8,174
1,937
-1,814
8,839
579
105,251
20.1%
31.9%
2005P
47,410
47,160
16,663
3,003
2,161
9,525
14,431
2,436
8,888
7,740
9,781
2,071
-2,014
9,458
649
132,202
25.6%
35.7%
Source: Central Bank of the United Arab Emirates, Quarterly Statistical Bulletin, April-June 2006.
2001
2002
2003
2004
2005
42,599
23.2%
47,283
11.0%
54,622
15.5%
67,639
23.8%
88,241
30.5%
3.6725
2000
2001
2002
2003@
2004P
Revised.
Provisional.
(1)
2001
2002
18,688
1,708
503
1,206
16,980
14,063
922
1,995
25,993
20,968
3,817
5,869
5,106
6,176
3,617
1,408
246
1,162
-7,305
10.6%
-7.7%
4,032
1,326
7,305
640
6,665
15,580
1,874
453
1,421
13,706
11,144
914
1,646
23,585
19,769
3,979
6,041
4,025
5,724
3,396
420
161
259
-8,005
10.8%
-16.6%
2,969
1,182
8,005
-1,181
9,186
2003 @
20,970
1,918
667
1,251
19,052
15,449
799
2,803
24,897
20,219
4,128
6,481
2,834
6,776
4,364
314
-221
534
-3,927
4.5%
34.6%
3,823
1,366
3,927
649
3,278
2004 P
25,800
2,605
828
1,777
23,195
19,965
905
2,326
26,215
22,051
4,255
6,816
3,177
7,803
4,141
23
939
-916
-415
0.4%
23.0%
4,622
1,351
415
-484
899
2005P
43,714
2,775
1,047
1,728
40,939
30,327
1,113
9,499
33,299
20,950
4,454
6,585
3,449
6,463
3,678
8,670
8,560
111
10,415
7.9%
69.4%
8,044
3,551
-10,415
-4,367
-6,048
72 | 73
2002
2003
2004
2005
2.32
6.59
1.61
5.80
1.36
5.59
1.60
5.87
2.55
7.19
2001
2002
2003
2004
2.32
6.59
1.61
5.80
1.36
5.59
1.60
5.87
2000
2001
2002
2003
2004
13,523
4
13,304
215
91
13,614
14,146
2
13,918
226
91
14,237
15,219
2
14,897
321
91
15,310
15,088
1
14,732
356
15,088
18,530
5
18,209
316
18,530
Deposit Rate
Lending Rate
Source: Central Bank of the United Arab Emirates, Quarterly Statistical Bulletin, April - June 2006.
Source: Central Bank of United Arab Emirates, Quarterly Statistical Bulletin, January-March 2005.
2001
2002
2003
2004
2005
14,146
2
13,918
226
91
14,237
15,219
2
14,897
321
91
15,310
15,088
1
14,732
356
15,088
18,530
5
18,209
316
18,530
21,010
10
20,868
133
21,010
* Includes monetary authorities' claims on non-residents in the form of foreign banknotes, bank deposits, treasury bills, short and long term government securities
Includes monetary authorities' claims on non-residents in the form of foreign banknotes, bank deposits, treasury bills, short and long term government securities
and other claims usable in the event of balance of payments need.
2001
2002
2003
2004
2005
2,769
4.0%
3,938
5.3%
5,870
6.7%
8,841
8.4%
12,559
9.5%
* IMF estimates.
Debt**
of which: Short-term
*
**
2000
2001
2002
2003
2004
14,187
5,551
16,430
6,285
16,057
7,621
16,662
9,597
24,332
15,087
Source: Joint BIS-IMF-OECD-World Bank External Debt Database, June 2005 (www.oecd.org).
2001
2002
2003
2004
2005
16,430
6,285
16,057
7,621
16,678
9,597
24,304
14,735
38,288
20,265
2001
2002
2003
2004
Abu Dhabi
% of total
1,362
39%
1,470
39%
1,591
39%
1,678
39%
1,292
34%
Dubai
% of total
1,029
29%
1,112
30%
1,204
30%
1,306
30%
1,200
32%
Sharjah
% of total
562
16%
599
16%
636
16%
678
16%
725
19%
Ajman
% of total
196
6%
215
6%
235
6%
258
6%
190
5%
Umm Al-Quwain
% of total
52
1%
59
2%
62
2%
68
2%
46
1%
Fujeirah
% of total
106
3%
112
3%
118
3%
127
3%
119
3%
Ras Al-Khaimah
% of total
181
5%
187
5%
195
5%
205
5%
198
5%
Total Population
3,488
3,754
4,041
4,320
2000
2001
2002
2003
2004P
Abu Dhabi
% of total
1,266
39%
1,362
39%
1,470
39%
1,591
39%
1,678
39%
Dubai
% of total
952
29%
1,029
29%
1,112
30%
1,204
30%
1,306
30%
Sharjah
% of total
529
16%
562
16%
599
16%
636
16%
678
16%
Ajman
% of total
179
6%
196
6%
215
6%
235
6%
258
6%
Umm Al-Quwain
% of total
49
2%
52
1%
59
2%
62
2%
68
2%
Ras Al-Khaimah
% of total
172
5%
181
5%
187
5%
195
5%
205
5%
Fujeirah
% of total
Total Population
100
3%
3,247
106
3%
3,488
112
3%
3,754
118
3%
4,041
127
3%
4,320
Mid-year estimates.
Provisional.
3,770 @
Source: Central Bank of United Arab Emirates, Annual Report 2004 and previous issues.
* Mid-year estimates.
** Preliminary results of population, housing and establishments Census 2005 of the UAE, published in 2006.
@
Results do not include 335,615 that were not counted in the Census. If gure is added, total population of the UAE is 4,106 thousand.
74 | 75
2005*
2001
2002
2003
2004
Abu Dhabi
% of Total
766
39.7%
833
38.3%
879
37.7%
1,082
39.6%
1,198
39.9%
Dubai
% of Total
627
32.5%
772
35.5%
859
36.8%
908
33.2%
997
33.3%
Sharjah
% of Total
281
14.6%
301
13.8%
312
13.4%
386
14.1%
415
13.8%
Ajman
% of Total
71
3.7%
75
3.4%
82
3.5%
156
5.7%
174
5.8%
Umm Al Quwain
% of Total
25
1.3%
26
1.2%
27
1.2%
38
1.4%
41
1.3%
Ras Al Khaimah
% of Total
98
5.1%
103
4.7%
106
4.5%
98
3.6%
105
3.5%
Fujeirah
% of Total
61
3.1%
66
3.0%
69
3.0%
63
2.3%
67
2.4%
1,930
2,176
2,334
2,732
Revised
2,997
2000
2001
2002
2003@
2004P
Abu Dhabi
% of Total
696
40.0%
766
39.7%
833
38.3%
879
37.7%
923
37.5%
Dubai
% of Total
550
31.6%
627
32.5%
772
35.5%
859
36.8%
913
37.1%
Sharjah
% of Total
262
15.0%
281
14.6%
301
13.8%
312
13.4%
327
13.3%
Ajman
% of Total
65
3.7%
71
3.7%
75
3.4%
82
3.5%
85
3.5%
Umm Al Quwain
% of Total
22
1.3%
25
1.3%
26
1.2%
27
1.2%
28
1.1%
Ras Al Khaimah
% of Total
90
5.2%
98
5.1%
103
4.7%
106
4.5%
111
4.5%
Fujeirah
% of Total
Total Labor Force
53
3.1%
1,739
61
3.1%
1,930
66
3.0%
2,176
69
3.0%
2,334
72
2.9%
2,459
Revised
Provisional
2002
2003
2004
2005
2000
2001
2002
2003
2004
2.7
2.9
3.1
5.0
6.2
1.4
2.7
2.9
3.1
4.7
Source: Central Bank of the UAE, Statistical Bulletin, April - June 2006.
2001
2002
2003
2004
2005
27,800
36.4
36,900
20.7
48,850
32.2
96,520
114.1
175,199
140.9
2000
2001
2002
2003
2004
21,840
-16.2
27,800
36.4
36,900
20.7
48,850
32.2
96,520
114.1
*Year-end data. Stock Market capitalization includes 38 public joint stock companies listed in ADSM, DFM and OTC market.
Note: Dubai Financial Market (DFM) started on Mar. 26, 2000 and Abu Dhabi's ofcial stock market was opened on 15 Nov. 2000.
Note: Dubai's ofcial stock market (DFM) started on Mar. 26, 2000 and Abu Dhabi's ofcial stock market was opened on 15 Nov. 2000.
Year-end data. Stock Market capitalization includes 38 public joint stock companies listed in ADSM, DFM and OTC market.
2001
2002
2003
2004
2005
2000
2001
2002
2003
2004
2,115
1,900
2,248
2,344
2,378
2,175
2,115
1,900
2,248
2,344
2000
2001
2002
2003
2004
27.75
23.02
24.87
28.29
36.65
Murban
2001
2002
2003
2004
2005
24.02
24.87
28.25
36.65
54.09
Inward Flow
Outward Flow
Inward Stock (2)
Outward Stock (3)
Murban
2001
2002
2003
2004
2005
1,184
201
2,246
1,021
1,307
407
3,552
1,428
4,256
991
7,808
2,419
8,359
1,007
16,168
3,426
12,000
6,661
28,168
10,087
Note:
(1) FDI inows contain three components: equity capital, reinvested earnings and intra-company loans.
(2) Estimated by accumulating ows since 1970.
(3) Estimated by accumulating ows since 1997.
76 | 77
Revised.
Provisional.
2001
2002
2003
2004
2005
8.75
12.6%
10.28
18.09
2.99
n.a.
6.79
5.76
13.94
47.57
-37.29
2.68
5.06
-4.21
3.41
4.6%
14.63
16.68
3.28
3.24
8.27
2.36
18.34
52.17
-37.53
-7.72
0.93
-4.42
7.55
8.6%
21.31
22.12
3.91
3.54
11.26
2.88
23.43
67.14
-45.82
-9.06
-0.04
-4.66
10.59
10.1%
27.56
29.63
4.75
4.42
14.32
4.00
33.88
91.00
-63.43
-12.08
0.16
-5.06
26.48
20.0%
44.33
43.50
5.78
5.77
17.41
5.01
37.99
115.45
-71.12
-13.57
1.61
-5.88
-8.26
0.06
-1.05
n.a.
-7.27
-1.50
0.64
-2.14
0.25
-2.32
-6.70
-10.62
3.93
n.a.
0.43
-6.50
-18.59
12.09
2.00
-0.60
-18.70
-31.23
12.53
6.09
-5.19
* Includes estimated values of petroleum products, fertilizers, lubricants and other exports of each Emirate.
** Includes tourism, travel and government services.
Notes:
Revised.
Provisional.
*
**
2000
2001
2002
2003@
2004P
13.75
14.82
21.64
3.80
11.28
5.50
5.79
13.11
49.84
-35.01
0.69
5.09
-3.96
-10.92
0.05
-0.93
9.95
11.48
17.75
3.58
13.51
6.79
6.71
13.94
48.77
-37.29
2.68
5.06
-4.21
-9.46
0.06
-1.05
3.41
14.63
19.92
3.28
10.63
8.27
2.36
18.34
52.16
-37.53
-7.72
0.93
-4.42
-1.50
0.64
-2.14
7.55
21.31
25.65
3.91
14.14
11.26
2.88
23.43
67.14
-45.82
-9.06
-0.04
-4.66
-5.33
5.29
-10.62
12.94
28.55
33.75
4.69
16.59
13.04
3.53
27.71
82.75
-54.20
-10.82
0.25
-5.06
-5.78
10.84
-16.61
-10.04
2.83
-2.83
-2.91
0.08
-8.47
0.48
-0.48
-0.47
-0.01
-2.32
-0.41
0.41
0.50
-0.09
-0.93
1.29
-1.29
-1.25
-0.04
-3.67
3.49
-3.49
-3.53
0.04
Includes estimated values of petroleum products, fertilizers, lubricants and other exports of each Emirate.
Includes tourism, travel and government services.
the value of goods at the border of the exporting country; in the case of imports, this excludes the cost of freight and insurance incurred beyond the border of
Notes:
the value of goods at the border of the exporting country; in the case of imports, this excludes the cost of freight and insurance incurred beyond the border of
Source: Central Bank of the United Arab Emirates, Quaterly Statistical Bulletin, April - June 2006 and various issues.
2001
2002
2003
2004
2005
Japan
Korea
India
Japan
Korea
Singapore
Japan
Korea
Thailand
Japan
Korea
Thailand
Japan
Korea
Thailand
% of Exports
12,897
4,212
2,173
10,552
3,827
1,429
13,024
4,640
1,844
16,658
6,627
3,465
22,887
9,108
5,181
31%
10%
5%
28%
10%
4%
27%
9%
4%
30%
12%
6%
20%
8%
5%
% of Imports
2,904
2,838
2,817
3,958
3,797
3,246
5,541
4,002
3,983
7,396
7,265
5,071
9,909
9,606
9,324
7%
7%
6%
8%
7%
6%
11%
8%
8%
14%
13%
9%
13%
12%
12%
2001
2002
2003
2004
2005
USA
Germany
Japan
USA
China
Japan
China
Japan
Germany
China
India
Japan
UK
China
USA
78 | 79
Bahrain
Kuwait
Oman
Qatar
Saudi Arabia
Imports from
Bahrain
Kuwait
Oman
Qatar
Saudi Arabia
2002
2003
2004
2005
112
275
1,505
199
520
119
260
1,419
187
490
144
289
1,579
186
546
191
332
1,484
345
1,079
260
441
1,970
458
1,432
2001
2002
2003
2004
2005
152
104
27
139
977
162
105
24
129
1,047
180
116
18
144
1,164
321
204
29
678
1,564
409
271
38
900
2,076
*Discrepancies in trade statistics are caused by: Classication concepts and details, time of recording, valuation, coverage and
Source : IMF, Direction of Trade Statistics, various issues through September 2006.
processing errors.
Exports to
Bahrain
Kuwait
Oman
Qatar
Saudi Arabia
Imports from
Bahrain
Kuwait
Oman
Qatar
Saudi Arabia
*
2000
2001
2002
2003
2004
104
284
1,551
205
536
112
275
1,505
199
520
119
260
1,419
187
490
144
289
1,579
186
546
191
332
1,484
345
1,079
2000
2001
2002
2003
2004
122
86
3
95
921
152
104
27
139
977
162
105
24
129
1,047
180
116
18
144
1,164
321
204
29
678
1,564
Discrepancies in trade statistics are caused by: Classication concepts and details, time of recording, valuation, coverage and processing errors.
Source : IMF, Direction of Trade Statistics, various issues through September 2005.