Figure 7. Budget deficit/surplus to GDP, 2022

Bar chart on the public balance to GDP (in 2022) of the GCC member countries. The public finances of these countries are very sound, except for Bahrain, where the ratio of public debt to GDP approached 120% of GDP in 2022 and the public deficit to GDP exceeded 6%. Very remarkable is the fiscal position of Kuwait, with a public debt to GDP ratio slightly above 3% and a very large fiscal surplus in 2022 of almost 20% of GDP.