Abu Dhabi – Mubasher: Kuwait and Abu Dhabi are expected to keep liquid assets amount to 100% of their gross domestic product (GDP), according to a report released by S&P rating agency.
Abu Dhabi’s government liquid assets are forecast to increase to $686 billion (249% of GDP) in 2021 from $618 billion (232% of GDP) in 2018.
The average liquid assets-to-GDP ratio for all the GCC – except Kuwait – is expected to stand at 110% until 2021, S&P’s data showed.
“We estimate that the nominal value of overall GCC government liquid assets fell by roughly $90 billion in 2015, although Kuwait, Abu Dhabi, Qatar and, at that time, Saudi Arabia's liquid-assets-to-GDP ratios stayed well above 100%," according to the New York-based ratings agency.
