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FINANCIAL NEWS
GCC has largest trade surplus in world
26 Mar 2012
(MENAFN) A research quoted by Arabian Business stated that the accumulated trade surplus of Gulf countries amounted to USD520 billion in 2011, which was the highest in the world.
The majority of the surplus came from Saudi Arabia, which reported it at USD245 billion, followed by the UAE at USD94 billion.
The reason behind such high numbers was the extensive hydrocarbon resources of these Gulf countries.
It is worth mentioning that the GCC’s trade surplus is twice as much as that of China, and three times as much as that of the US.
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