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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"
Author:
Abdulrahman K Al-Mansouri
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and
Ms. Claudia H Dziobek
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Series:
IMF Working Papers
Volume/Issue:
Volume 2006: Issue 038
Language:
English
Publication Date:
01 Feb 2006
DOI:
https://doi.org/10.5089/9781451862980.001
ISBN:
9781451862980
ISSN:
1018-5941
Pages:
33
Keywords:
WP; Eurostat; GCC country; country; process; authority; Data Quality; Regional Economic Integration; Gulf Cooperation Council; governance structure; common market; ROSC country report; GCC authorities; GCC member states; EU information requirement; Government finance statistics; Monetary unions; Data dissemination; Data collection; Sub-Saharan Africa; Europe; Global
Legal-disclaimer:
IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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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.
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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund