The Gulf Cooporation Council
Economic and Trade Overview
The Gulf Cooperation Council (GCC) is comprised of Bahrain, Kuwait, Oman, Qatar,
Saudi Arabia, and the United Arab Emirates (UAE)
In 2001, the Gross Domestic
Product (GDP) of the
GCC Member States was 366
US$ 366 billion
Billion
Ten years later, the
GDP rose to
US$ 1.38 trillion
1.3
Trillion
Rising Population of the GCC Member States
MILLIONS
50
40
30
20
10
13.46
17.20
21.69
25.29
29.38
34.54
42.15
0 1980
1985
1990
1995
2000
2005
2010
GDP based on purchasing power parity per capita in 2011 (US$)
60
50
40
30
20
10
0
$48,386
United States
$38,606
$37,896
GCC Member
State Average
$16,736
Germany
$8,382
Russia
China
Source: International Monetary Fund Database
Aggregate Trade Balance 2011
BILLION
The combined trade
surplus of the GCC
Member States is
the highest in the
world
400
Surplus300
200
100
$303.8b $205.4b $201b $120.2b $101.1b
0
-100 GCC Germany China Japan Russia
-200
-300
-400
$-471b
Deficit
-500
US
Aggregate Trade Surplus of the GCC
Member States in 2011 (US$)
Bahrain
$1.1b
UAE
$33.3b
All GCC member states
currently have a
trade surplus
Saudi
Arabia
$141.1b
Kuwait
$73.9b
Qatar
$49.4b
Oman
$5.1b
Source: International Monetary Fund Database
Exports / Imports Between the U.S. and the GCC
Member States in 2011
60
$37.9b
U.S. Exports
to the GCC
$61.7b
U.S. Imports
from the GCC
0
10
20
30
40
50
60
70
80
50
U.S. Imports from the GCC
Member States 2011 (US$)
40
$4.9b
Aluminum, fertilizer,
organic chemicals,
etc.
30
$56.8b
Mineral Fuels
(Oil)
Total = $303.8b
20
Top United States Imports from the
GCC Member States
Excluding Mineral Fuels 2011 (US$)
10
8
6
4
$56.8b
0
Mineral Fuels (Oil)
Imported by the US
from the GCC
$8.4b
Vehicles
$7b
Machinery
$5.8b
Aircraft
$2.9b $1.5b
Electrical
Machinery
Optical and Medical
Instruments
$.97b
$.892b
$.576b
Aluminum
Fertilizers
Organic
Chemicals
BILLION
Top United States Exports, excluding military
sales to the GCC Member States 2011 (US$)
10
2
0
Source: United States Trade Representative
National Council on U.S.-Arab Relations
1730 M St., NW, Suite 503, Washington, DC 20036
Telephone: (202) 293-6466 • Fax: (202) 293-7770
ncusar.org
Designed By: David Zandona