Remittances from GCC Countries: A Brief Outlook
Over the past decade, most of the Gulf Cooperation Council (GCC) countries (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates) experienced robust economic growth. The main force behind this growth is a strong labor force, composed mainly of expatriates. Largely due to its geographical proximity, the Gulf has been a preferred destination for workers from South Asia for years. More recently, however, the GCC has attracted foreign labor from all over the world.