Imports of goods and services, US dollar (Balance of Payments and) in Gulf Cooperation Council (GCC)
Gulf Cooperation Council (GCC): Imports of goods and services, US dollar (Balance of Payments and) was 1.60 trillion in 2030. ◆ Volatile
Imports of goods and services, US dollar (Balance of Payments and) in Gulf Cooperation Council (GCC), 2000–2030
Source: International Monetary Fund.
Analysis
The most recent figure for imports of goods and services, us dollar (balance of payments and) in Gulf Cooperation Council (GCC) is 1.60 trillion, measured in 2030. That is the highest value across all 31 years on record.
Compared with earlier readings it is up 5.2% on the previous year and up 159.6% over ten years.
Over the whole period, imports of goods and services, us dollar (balance of payments and) in Gulf Cooperation Council (GCC) peaked at 1.60 trillion in 2030 and was at its lowest, 120.41 billion, in 2001.
The series is highly variable year to year, so single readings are best treated with caution.
Imports of goods and services, US dollar (Balance of Payments and) in Gulf Cooperation Council (GCC), year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 120.64 billion | — |
| 2001 | 120.41 billion | -0.2% |
| 2002 | 131.16 billion | +8.9% |
| 2003 | 151.58 billion | +15.6% |
| 2004 | 194.12 billion | +28.1% |
| 2005 | 241.70 billion | +24.5% |
| 2006 | 302.25 billion | +25.1% |
| 2007 | 407.78 billion | +34.9% |
| 2008 | 512.35 billion | +25.6% |
| 2009 | 446.28 billion | -12.9% |
| 2010 | 489.75 billion | +9.7% |
| 2011 | 584.58 billion | +19.4% |
| 2012 | 653.63 billion | +11.8% |
| 2013 | 698.80 billion | +6.9% |
| 2014 | 758.05 billion | +8.5% |
| 2015 | 723.99 billion | -4.5% |
| 2016 | 677.17 billion | -6.5% |
| 2017 | 696.86 billion | +2.9% |
| 2018 | 723.16 billion | +3.8% |
| 2019 | 720.86 billion | -0.3% |
| 2020 | 614.58 billion | -14.7% |
| 2021 | 704.83 billion | +14.7% |
| 2022 | 863.45 billion | +22.5% |
| 2023 | 969.61 billion | +12.3% |
| 2024 | 1.05 trillion | +8.3% |
| 2025 | 1.15 trillion | +9.5% |
| 2026 | 1.23 trillion | +7.3% |
| 2027 | 1.33 trillion | +7.7% |
| 2028 | 1.43 trillion | +7.4% |
| 2029 | 1.52 trillion | +6.2% |
| 2030 | 1.60 trillion | +5.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 262.83 billion | 120.41 billion | 512.35 billion | 10 |
| 2010s | 672.69 billion | 489.75 billion | 758.05 billion | 10 |
| 2020s | 1.09 trillion | 614.58 billion | 1.52 trillion | 10 |
| 2030s | 1.60 trillion | 1.60 trillion | 1.60 trillion | 1 |
Countries ranked near Gulf Cooperation Council (GCC)
More trade data for Gulf Cooperation Council (GCC)
- Exports of goods and services, US dollar (Balance of Payments and) 1.85 trillion (2030)
Frequently asked questions
- What is imports of goods and services, us dollar (balance of payments and) in Gulf Cooperation Council (GCC)?
- Imports of goods and services, us dollar (balance of payments and) in Gulf Cooperation Council (GCC) was 1.60 trillion in 2030, according to International Monetary Fund.
- What is the highest imports of goods and services, us dollar (balance of payments and) recorded in Gulf Cooperation Council (GCC)?
- The highest recorded value was 1.60 trillion in 2030.
- What is the lowest imports of goods and services, us dollar (balance of payments and) recorded in Gulf Cooperation Council (GCC)?
- The lowest recorded value was 120.41 billion in 2001.
- How does Gulf Cooperation Council (GCC) rank for imports of goods and services, us dollar (balance of payments and)?
- Gulf Cooperation Council (GCC) ranks 4th out of 13 groups with data for 2030.
- Is imports of goods and services, us dollar (balance of payments and) rising or falling in Gulf Cooperation Council (GCC)?
- Over the last ten years it is up 159.6%. The long-run trend across the full record is volatile.
- Where does this Gulf Cooperation Council (GCC) data come from?
- The figures come from International Monetary Fund, published as part of Imports of goods and services, US dollar (Balance of Payments and International Investment Position Manual, Sixth Edition (BPM6)). Statizoid updates them automatically from the source API.
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About this data
The Middle East and Central Asia Department Regional Economic Outlook (MCDREO) provides information on recent economic developments and prospects for 32 countries and territories: Afghanistan, Algeria, Armenia, Azerbaijan, Bahrain, Djibouti, Egypt, Georgia, Islamic Republic of Iran, Iraq, Jordan, Kazakhstan, Kuwait, Kyrgyz Republic, Lebanon, Libya, Mauritania, Morocco, Oman, Pakistan, Qatar, Saudi Arabia, Somalia, Sudan, Syrian Arab Republic, Tajikistan, Tunisia, Turkmenistan, United Arab Emirates, Uzbekistan, West Bank and Gaza, and Yemen. These countries and territories are divided into two main nonoverlapping groups, based on export earnings, namely (1) oil exporters; and (2) oil importers. The oil importers group comprises (1) emerging market and middle-income countries (EM&MI) and (2) low-income countries (LICs) based on the income level. Additional analytical and regional groups might be used to provide a more granular breakdown for analysis and continuity.