No. 20


GIC Produces Comparative Data On GCC Economies Showing Solid Upturn In 1999 GDP

According to the latest economic report of the Kuwait-based, GCC-owned Gulf Investment Corporation (GIC), entitled GCC Economic Statistics, all six GCC states registered an increase in GDP in nominal terms in 1999, with the greatest increment (18.9%) in Qatar and the lowest (7%) in Bahrain (see Table below). This compared to a year of significant declines in 1998, when Kuwait recorded a...