Gulf Economic Barometer

The Gulf Economic Barometer monitors initiatives taken by Gulf states as they seek fiscal, monetary, and labor policy changes to meet the challenge of reduced state revenue from natural resources. The key trend is a major shift in the way the GCC countries have been spending on public sector wages, infrastructure, and social services over the last decade. The GEB documents the policy changes as they are announced and/or implemented by country and by sector and is updated regularly as data becomes available. The information here is neither official nor exhaustive.

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Market Watch: Bahrain’s Road to Economic Reform: One Size Does Not Fit All

Bahrain’s current fiscal situation is evidence that sometimes, even with the right policy mix, generating growth can be difficult.

Issue Paper: Prioritizing Renewable Energy in a Time of Fiscal Austerity

Surging population growth, large-scale infrastructure investment, and economic development progress have led to increased energy demand in the Gulf Cooperation Council states. Since late 2014, the new normal of low oil prices has necessitated fiscal constraints and at the same time prompted greater interest in renewable energy sources.

Market Watch: Reformers are Holding Ground: Saudi Arabia’s New Fiscal Policy

by Karen E. Young The Saudi budget for 2017 demonstrates that fiscal reform works; at least, it shows that with a reduction in spending will come a decline in deficit.

Market Watch: Gulf States’ Fiscal Situation Accelerates Consensus for Economic Reform

The current fiscal climate, in which all of the GCC states face deficits due to declining oil and gas revenues, is enabling a new consensus for economic reform.