GCC Fiscal Positions
GCC Rankings:
Qatar: Significant surplus, UAE: Surplus, Kuwait: Surplus, Saudi Arabia: Near-balance, Oman: +2.8% GDP (2024), Bahrain: Deficit
Analysis
Oman’s fiscal turnaround is the most dramatic in the GCC — from the worst fiscal position (2017) to consistent surplus. Bahrain remains the only GCC state with a persistent deficit.
Oman’s Position in Context
Understanding Oman’s position within the GCC peer group is essential for:
- Investors: Benchmarking Oman’s investment environment against accessible regional alternatives
- Policymakers: Identifying reform gaps vs best-practice GCC peers
- Analysts: Assessing whether Vision 2040 will close, maintain, or widen gaps vs GCC peers
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