Latest news with #GCCStatisticalCenter
Kuwait News Agency
6 days ago
- Business
- Kuwait News Agency
KUNA : GCC Statistical Center: 2025 budget spending estimated at USD 542.1 bln
15/06/2025 LOC11:50 08:50 GMT GCC Statistical Center MUSCAT, June 15 (KUNA) -- The GCC Statistical Center announced that estimated government spending for GCC countries in 2025 reached USD 542.1 billion, with projected revenues of USD 487.8 billion, resulting in a USD 54.3 billion deficit. The center noted that GCC government revenues remain heavily dependent on global oil prices, as oil income makes up the bulk of financial resources, noting that GCC countries adopt conservative oil price estimates when drafting budgets to manage volatility. Revenues are expected to remain relatively stable, provided oil prices stay at moderate to high levels, and most GCC countries have forecast increased spending for 2025 compared to 2024, viewing higher expenditure as a key driver of economic growth. The budgets focus on completing infrastructure projects and stimulating growth in various sectors to advance strategic development plans, adding that to finance deficits, GCC countries plan to draw from reserves and use domestic and foreign borrowing. Based in Oman, the GCC Statistical Center serves as the official body for data and statistics related to GCC countries, supporting national statistical centers and planning authorities across the region. (end)
Zawya
29-05-2025
- Business
- Zawya
Canada-GCC trade reaches $8.5bln in 2023
MUSCAT: Trade between the countries of the Gulf Cooperation Council (GCC) and Canada amounted to $8.5 billion in 2023, according to recent data published by the GCC Statistical Center. This figure represents 14.1 per cent decline in trade in 2023 in comparison with 2022's total of $9.9 billion. Most notably, GCC exports to Canada decreased by 32.2 per cent ($1.5 billion) to $3.2 billion in 2023, versus $4.7 billion in the previous year. Minerals fuels, oils and waxes, totaling $2.1 billion in value, represented a 65.6 per cent share of exports. This was followed by miscellaneous items (12.5 per cent of exports) valued at $0.4 billion. Iron and steel represented 9.4 per cent of total exports amounting to $0.3 billion, followed by precious stones and metals which represented 6.3 per cent of total exports valued at $0.2 billion. Machinery and mechanical appliances and iron and/or steel products accounted for 3.1 per cent of exports with a value of $0.1 billion. On the other hand, imports from Canada increased by 0.8 per cent ($0.1 billion) in 2023 to $5.3 billion. Miscellaneous items worth $2.0 billion made up 37.7 per cent of total imports, while 'commodities subject to special provisions' accounted for a 18.9 per cent share worth $1.0 billion. Imports of precious stones and metals, machinery and mechanical appliances, vehicles and vehicle parts collectively accounted for a 13.2 per cent share of exports, valued at $0.7 billion. Edible vegetable oils accounted for a 3.8 per cent share of imports with a value $0.2 billion. Despite the decline in the trade volume, Canada moves up a rank to become the 32nd trade partner of the GCC in 2023. Earlier in January, Secretary General of the Gulf Cooperation Council (GCC), Jasem Mohamed al Budaiwi, received the Canadian Minister of International Development at the General Secretariat's headquarters in Riyadh to discuss bilateral relations between the GCC and Canada, in addition to ways to enhance cooperation in various aspects. 2022 © All right reserved for Oman Establishment for Press, Publication and Advertising (OEPPA) Provided by SyndiGate Media Inc. (
Observer
28-05-2025
- Business
- Observer
Canada-GCC trade reaches $8.5 billion in 2023
MUSCAT: Trade between the countries of the Gulf Cooperation Council (GCC) and Canada amounted to $8.5 billion in 2023, according to recent data published by the GCC Statistical Center. This figure represents 14.1 per cent decline in trade in 2023 in comparison with 2022's total of $9.9 billion. Most notably, GCC exports to Canada decreased by 32.2 per cent ($1.5 billion) to $3.2 billion in 2023, versus $4.7 billion in the previous year. Minerals fuels, oils and waxes, totaling $2.1 billion in value, represented a 65.6 per cent share of exports. This was followed by miscellaneous items (12.5 per cent of exports) valued at $0.4 billion. Iron and steel represented 9.4 per cent of total exports amounting to $0.3 billion, followed by precious stones and metals which represented 6.3 per cent of total exports valued at $0.2 billion. Machinery and mechanical appliances and iron and/or steel products accounted for 3.1 per cent of exports with a value of $0.1 billion. On the other hand, imports from Canada increased by 0.8 per cent ($0.1 billion) in 2023 to $5.3 billion. Miscellaneous items worth $2.0 billion made up 37.7 per cent of total imports, while 'commodities subject to special provisions' accounted for a 18.9 per cent share worth $1.0 billion. Imports of precious stones and metals, machinery and mechanical appliances, vehicles and vehicle parts collectively accounted for a 13.2 per cent share of exports, valued at $0.7 billion. Edible vegetable oils accounted for a 3.8 per cent share of imports with a value $0.2 billion. Despite the decline in the trade volume, Canada moves up a rank to become the 32nd trade partner of the GCC in 2023. Earlier in January, Secretary General of the Gulf Cooperation Council (GCC), Jasem Mohamed al Budaiwi, received the Canadian Minister of International Development at the General Secretariat's headquarters in Riyadh to discuss bilateral relations between the GCC and Canada, in addition to ways to enhance cooperation in various aspects.
Zawya
22-05-2025
- Business
- Zawya
US-GCC trade reaches $93.6bln in 2023
MUSCAT: Trade between the countries of the Gulf Cooperation Council (GCC) and the United States of America amounted to $93.6 billion in 2023, according to recent data published by the GCC Statistical Center. This figure represents a slight decrease of $1.16% ($1.1 billion), in comparison to 2022's total of $94.7 billion. GCC exports to the US decreased by 19.8% ($8.9 billion) to $36.1 billion in 2023, versus $45.0 billion in the previous year. Petroleum and hydrocarbon products, totaling $16.2 billion in value, represented a 44.9% share. This was followed by miscellaneous items (26.6% of exports) valued at $9.6 billion. Gold and precious stones represented 9.1% of total exports amounting to $3.3 billion, followed by aluminium and aluminium products which represented 8.6% of total exports valued at $3.1 billion. On the other hand, imports from the US increased by 15.7% ($7.8 billion) in 2023 to $57.7 billion. Miscellaneous items worth $20.7 billion made up 36% of total imports, while machinery and mechanical appliances accounted for a 28% share worth $16.1 billion. Vehicles and vehicle parts represented 17% of imports, valued at $9.8 billion, while aircraft, spacecraft, and parts accounted for a 7% share, valued at $4 billion. This was followed by electrical machinery and equipment (6.3%) valued at $3.6 billion, and instruments and precision goods (5.7%) valued at $3.3 billion. The United States was ranked the GCC's 4th largest trading partner in 2023, while China was ranked first with trade total of $286.9 billion, followed by India at $154.7 billion. Japan came next with $76.7 billion. 2022 © All right reserved for Oman Establishment for Press, Publication and Advertising (OEPPA) Provided by SyndiGate Media Inc. (
Arab Times
12-05-2025
- Health
- Arab Times
GCC countries surpass global health targets: Gulf-Stat
MUSCAT, May 12: The Gulf Cooperation Council (GCC) countries have exceeded several global health targets, according to a recent report by the GCC Statistical Center (GCC-Stat). The center highlighted significant strides in maternal and child health, infectious disease control, and environmental health. The report indicates that the GCC nations have surpassed the global target for maternal mortality, which aims to limit deaths to no more than 70 per 100,000 live births by 2030. In 2022, the highest recorded maternal mortality rate in the region was 17.1 per 100,000 live births. Additionally, the percentage of births attended by skilled health personnel in all GCC countries exceeded 98% in 2022. Regarding child health, the under-five mortality rate in the GCC countries reached approximately 10.2 deaths per 1,000 live births, significantly lower than the global target of under 25 deaths per 1,000 live births by 2030. All GCC countries have also achieved the target of reducing neonatal mortality to 12 deaths per 1,000 live births. In the realm of infectious diseases, the report notes that HIV infection rates remain low among both males and females in the GCC countries, with the overall number of recorded infections staying below the global average of 0.17 per 1,000 uninfected population. The report also addresses environmental health, stating that death rates from road traffic accidents in the GCC countries ranged between 3 and 14.1 deaths per 100,000 population in 2022, all below the global average of 15 deaths per 100,000. Similarly, death rates from air pollution in the region ranged between 16 and 45 deaths per 100,000 population, lower than the global average of 93 deaths per 100,000. Additionally, the GCC countries recorded very low rates for deaths resulting from unsafe water, sanitation, or poor hygiene, with the highest recorded value not exceeding 0.1 deaths per 100,000 population. Concerning vaccination coverage, the GCC countries have approached comprehensive coverage limits, with rates exceeding 97%, compared to the global coverage rate of 84%. The GCC Statistical Center, headquartered in Muscat, Oman, serves as the official body accredited for data, information, and statistics related to the GCC countries. Established to be the official source of statistics, the center plays a crucial role in enhancing the statistical and information work of national statistical centers and planning agencies in the GCC countries. This report underscores the GCC countries' commitment to improving public health and achieving global health targets, reflecting their ongoing efforts to enhance the well-being of their populations.
