StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

Economic Analysis in the GCC - Term Paper Example

Cite this document
Summary
of the Economic Analysis in the GCC Nominal GDP is the GDP evaluated at current price level. It includes the changes in prices due to increase or decrease in marked prices. For this reason, it is normally affected by changes in prices. In order to…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER93.7% of users find it useful

Extract of sample "Economic Analysis in the GCC"

of the Economic Analysis in the GCC Nominal GDP is the GDP evaluated at current price level. It includes the changes in prices due to increase or decrease in marked prices. For this reason, it is normally affected by changes in prices. In order to avoid the the problems associated with changes in price, another measure of GDP rather than nominal GDP is normally used. It is known as real GDP. Real GDP is evaluated at the current market prices of the base year. It is not affected by change in prices.

Note that the base year’s consumer price index is always 100. Rael GDP is calculated as folloes; Real GDP= (Nominal GDP/CPI)* CPI of Base year GDP and CPI for UAE YEAR Nominal GDP (Million USD) Consumer Price Index Real GDP (Million USD) 1995 63.6 129.6 49.1 1996 71.0 133.5 53.2 1997 72.2 136.8 52.8 1998 73.4 139.6 52.6 1999 82.9 142.0 58.4 2000 103.9 144.9 71.7 2001 103.3 149.0 69.3 2002 109.8 153.5 71.5 2003 124.3 159.8 77.8 2004 147.8 168.8 87.6 2005 180.6 182.0 99.2 2006 222.1 200.6 110.

7 2007 258.2 224.1 115.2 2008 314.8 238.9 131.8 2009 270.3 241.8 111.8 2010 302.0 246.0 122.8 Source: knoema.com Graph 1: GDP (Million USD) for UAE GDP and CPI for KSA YEAR Nominal GDP (Million USD) Consumer Price Index Real GDP (Million USD) 1995 142.5 100.9 141.2 1996 157.7 102.1 154.5 1997 165 101.7 162.2 1998 146 100.7 146 1999 161.2 100.5 160.4 2000 188.7 98.7 191.2 2001 183.3 98.1 186.9 2002 188.8 98.8 191.1 2003 214.9 99.4 216.2 2004 250.7 99.8 251.2 2005 315.8 101 312.7 2006 356.6 103.9 343.2 2007 385.2 110.7 348 2008 476.9 120.6 395.

4 2009 377.2 125.7 300.1 2010 448.4 132.5 338.4 Graph 2: GDP (Million USD) for KSA GDP and CPI for Oman YEAR Nominal GDP (Million USD) Consumer Price Index Real GDP (Million USD) 1995 13.8 105.2 13.1 1996 15.3 105.2 14.5 1997 15.8 105.3 15 1998 13.9 105.8 13.1 1999 15.5 105.4 14.7 2000 19.5 104.3 18.7 2001 19.4 103.7 18.7 2002 20 103.5 19.3 2003 21.5 103.9 20.7 2004 24.7 105.4 23.4 2005 30.9 108.2 28.5 2006 36.8 112.8 32.3 2007 41.9 122.1 34.2 2008 60.6 136.5 44.4 2009 46.9 137.8 34 2010 57.9 143.6 40.

3 Source: knoema.com Graph 3: GDP for Oman GDP and CPI for Qatar YEAR Nominal GDP (Million USD) Consumer Price Index Real GDP (Million USD) 1995 8.1 115 7 1996 9.1 120.8 7.5 1997 11.3 124.2 9.1 1998 10.3 127.2 8.1 1999 12.4 129.1 9.6 2000 17.6 131.3 13.4 2001 17.5 133.2 13.1 2002 19.4 133.5 14.5 2003 23.5 136.5 17.2 2004 31.7 145.8 21.7 2005 44.5 158.7 28.1 2006 60.8 177.4 34.3 2007 79.5 201.9 39.4 2008 115 232.2 49.5 2009 97.6 220.9 44.2 2010 127.3 221.8 57.4 Source: Knoema Graph 4: GDP for Qatar GDP and CPI for Kuwait YEAR Nominal GDP (Million USD) Consumer Price Index Real GDP (Million USD) 1995 27.2 84.9 32 1996 31.5 86.9 36.2 1997 30.4 87.5 34.7 1998 25.9 88.5 29.3 1999 30.1 91.9 32.8 2000 37.7 92.2 40.7 2001 34.9 94.9 36.8 2002 38.1 94.7 40.2 2003 47.8 95.5 50.1 2004 59.4 98 60.6 2005 80.8 102.3 78.

8 2006 101.6 106.1 95.8 2007 114.7 114.1 100.5 2008 148.8 124.1 119.6 2009 109.5 125.8 87.1 2010 132.6 131 101.2 Source: Knoema Graph 5: GDP for Kuwait GDP and CPI for Bahrain YEAR Nominal GDP (Million USD) Consumer Price Index Real GDP (Million USD) 1995 5.8 5.8 6.3 1996 6.1 6.1 6.5 1997 6.4 6.4 6.7 1998 6.2 6.2 6.6 1999 6.6 6.6 7 2000 8 8 8.6 2001 8 8 8.7 2002 8.5 8.5 9.1 2003 9.7 9.7 10.3 2004 11.2 11.2 11.6 2005 13.5 13.5 13.6 2006 15.8 15.8 15.6 2007 18.5 18.5 17.5 2008 22.1 22.1 19.9 2009 29.3 29.3 25.7 2010 22.7 22.7 19.5 Graph 6: GDP for Bahrain Given the population and real GDP, GDP per capita can then be calculated as follows; GDP per capita= Real GDP/Population Real GDP (Million USD) Year UAE KSA Oman Qatar Kuwait Bahrain 1995 49.3 141.2 13.1 7 32 6.3 1996 53.2 154.5 14.5 7.5 36.2 6.5 1997 53.3 162.2 15 9.1 34.7 6.7 1998 52.6 146 13.1 8.1 29.3 6.6 1999 58.4 160.4 14.7 9.6 32.

8 7 2000 71.7 191.2 18.7 13.4 40.7 8.6 2001 69.3 186.9 18.7 13.1 36.8 8.7 2002 71.5 191.1 19.3 14.5 40.2 9.1 2003 77.8 216.2 20.7 17.2 50.1 10.3 2004 87.6 251.2 23.4 21.7 60.6 11.6 2005 99.2 312.7 28.5 28.1 78.8 13.6 2006 110.7 343.2 32.3 34.3 95.8 15.6 2007 115.2 348 34.2 39.4 100.5 17.5 2008 131.8 395.4 44.4 49.5 119.6 19.9 2009 111.8 300.1 34 44.2 87.1 25.7 2010 122.8 338.4 40.3 57.4 101.2 19.5 Population of people in the GCC Year UAE KSA Oman Qatar Kuwait Bahrain 1995 2348539 18491845 2232018 501371 1627911 559069 1996 2473983 18786467 2258730 512422 1628120 574914 1997 2611610 19020639 2266469 528787 1678812 592986 1998 2755497 19256649 2262969 548828 1763693 611237 1999 2897038 19578923 2259398 549870 1857217 626765 2000 3033391 20045276 2264163 590957 1940786 638193 2001 3149440 20681576 2279171 608057 2009588 642510 2002 3254691 21463072 2302874 624173 2069816 642070 2003 3400959 22334371 2335967 653500 2126786 647164 2004 3658042 23213767 2378336 715146 2189485 671760 2005 4069349 24041116 2429510 820986 2264014 724807 2006 4662728 24799436 2490620 978336 2351441 811410 2007 5405541 25504176 2561187 1178192 2447818 925733 2008 6206623 26166639 2636963 1396060 2548351 1052359 2009 6938815 26809105 2712141 1597765 2646286 1169578 2010 7511690 27448086 2782435 1758893 2736732 1261835 Source: data.worldbank.org GDP per capita (USD) YEAR UAE KSA Oman Qatar Kuwait Bahrain 1995 20.99 7.64 5.87 13.96 19.66 11.27 1996 21.5 8.22 6.42 14.64 22.23 11.31 1997 20.4 8.53 6.62 17.21 20.67 11.3 1998 19.09 7.58 5.79 14.76 16.61 10.8 1999 20.16 8.19 6.51 17.46 17.66 11.17 2000 23.64 9.54 8.26 22.68 20.97 13.48 2001 22 9.04 8.2 21.54 18.31 13.

54 2002 21.97 8.9 8.38 23.23 19.42 14.17 2003 22.88 9.68 8.86 26.32 23.56 15.92 2004 23.95 10.82 9.84 30.34 27.68 17.27 2005 24.38 13 11.73 34.23 34.81 18.76 2006 23.74 13.84 12.97 35.06 40.74 19.23 2007 21.31 13.64 13.35 33.53 41.06 18.9 2008 21.24 15.11 16.84 35.46 46.93 18.91 2009 16.11 11.47 12.54 27.66 32.91 21.97 2010 16.35 12.33 14.48 32.63 36.98 15.45 Graph 7: GDP per Capita (USD) From the above data, it can be seen that Kuwait, followed by Qatar are showing high economic growth progressive increase in GDP per capita while Oman and KSA are posing low rate of economic growth based on their low GDP per Capita while UAE, and Bahrain are showing moderate economic growth.

Work cited Albina, Macedon. CPI by country statistics. Knoema. com. Web.14 Apr. 2012. Kolesnikov, Ivan. GDP Statistics by Country. Knoema. com. Web. 14 Apr. 2012. World Bank. Population, Total. data.worldbank.org. Web. 14 Apr. 2012.

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(Economic Analysis in the GCC Term Paper Example | Topics and Well Written Essays - 1250 words, n.d.)
Economic Analysis in the GCC Term Paper Example | Topics and Well Written Essays - 1250 words. https://studentshare.org/business/1769631-comparative-analysis-of-economic-growth-in-the-gcc
(Economic Analysis in the GCC Term Paper Example | Topics and Well Written Essays - 1250 Words)
Economic Analysis in the GCC Term Paper Example | Topics and Well Written Essays - 1250 Words. https://studentshare.org/business/1769631-comparative-analysis-of-economic-growth-in-the-gcc.
“Economic Analysis in the GCC Term Paper Example | Topics and Well Written Essays - 1250 Words”. https://studentshare.org/business/1769631-comparative-analysis-of-economic-growth-in-the-gcc.
  • Cited: 0 times
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us