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Providing official Statistics for the Common Market and Monetary Union in the Gulf Cooperation Council (GCC) Countries: A Case for "Gulfstat"

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  • Abdulrahman K Al-Mansouri
  • Ms. Claudia H Dziobek

Abstract

The six member states of the Gulf Cooperation Council (GCC)-Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and United Arab Emirates (UAE)-have laid out a path to a common market by 2007 and monetary union by 2010, based on economic convergence. To monitor convergence and support economic and monetary policy, comparable economic data for member countries and data for the region as a whole will be essential. What is the most efficient way to produce these data? The authors survey the statistical institutions in the GCC countries and present the case for creating "Gulfstat"-a regional statistical agency to operate within a "Gulf States System of Statistics." Valuable lessons can be learned from regional statistical organization in Africa and the European Union-Afristat and Eurostat.

Suggested Citation

  • Abdulrahman K Al-Mansouri & Ms. Claudia H Dziobek, 2006. "Providing official Statistics for the Common Market and Monetary Union in the Gulf Cooperation Council (GCC) Countries: A Case for "Gulfstat"," IMF Working Papers 2006/038, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:2006/038
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    References listed on IDEAS

    as
    1. Mr. John Cady, 2004. "Does Sdds Subscription Reduce Borrowing Costs for Emerging Market Economies," IMF Working Papers 2004/058, International Monetary Fund.
    2. Ms. Claudia H Dziobek & Mr. Mei Jin, 2002. "The Role of Monthly Economic Statistical Bulletins," IMF Policy Discussion Papers 2002/009, International Monetary Fund.
    3. Mr. Sarmad Khawaja & Mr. Thomas K. Morrison, 2002. "Statistical Legislation: Toward a More General Framework," IMF Working Papers 2002/179, International Monetary Fund.
    4. Mr. Markus Rodlauer & Mr. Alfred Schipke, 2005. "Central America: Global Integration and Regional Cooperation," IMF Occasional Papers 2005/005, International Monetary Fund.
    5. Mr. Esteban Jadresic, 2002. "On a Common Currency for the GCC Countries," IMF Policy Discussion Papers 2002/012, International Monetary Fund.
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    Cited by:

    1. Al-Maamary, Hilal M.S. & Kazem, Hussein A. & Chaichan, Miqdam T., 2017. "The impact of oil price fluctuations on common renewable energies in GCC countries," Renewable and Sustainable Energy Reviews, Elsevier, vol. 75(C), pages 989-1007.
    2. Mr. Russell C Krueger & Ettore Kovarich, 2006. "Some Principles for Development of Statistics for a Gulf Cooperation Council Currency Union," IMF Working Papers 2006/141, International Monetary Fund.
    3. Bonpasse, Morrison, 2006. "The Single Global Currency: Common Cents for the World," MPRA Paper 1175, University Library of Munich, Germany.
    4. Bonpasse, Morrison, 2009. "The single global currency - common cents for the world (2008 Edition)," MPRA Paper 14756, University Library of Munich, Germany.
    5. Mshiyeni Belle, 2010. "Regional economic integration in SADC: progress, prospects and statisitcal issues for monetary union," IFC Bulletins chapters, in: Bank for International Settlements (ed.), Proceedings of the SARB/IFC seminar on "Economic and financial convergence en route to regional economic integration: experience, prospects and statis, volume 32, pages 85-95, Bank for International Settlements.

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