Assignment GCC Example | Topics and Well Written Essays - 250 words

GCC - Assignment Example However, the country regains a positive mark in 2011 by a positive GDP growth (Bank). The GDP per capita depicts the value that each citizen within the country’s borders produces. The indicator is used to show the standards of living of the population. As per the data above, the GDP per capita reduces from the year 2007 to the year 2011. The scenario is despite the fact that the values do not differ too much from country to country. The inflation level in all the GCC countries has been on the rise from the year 2007. The implications are that the prices of normal goods and services are on the rise over the years. In some of the countries, the figure has grown over four times. For instance, the case of Kuwait, the inflation indicator in 2007 is 4.3 while for the year 2011 it is 21.3. The Genuine Progress Indicator thus depicts a scenario whereby the countries tend to experience negative growth whereas some of the countries are in stagnation in terms of economic