More than half of GCC population under age 25
Arab News | Lucien Zeigler | 7.17.12
The countries of the Gulf Cooperation Council (GCC) have a low population compared with other regions, totaling 45 million people in 2011, less than 1 percent of the global population, a recently published report read.
The report, filed by Kuwait Financial Center (Markaz), highlighting the GCC demographic shift, said the region is young, with 54 percent under the age of 25, although this is expected to rise to 36 years by 2050.
The most populated country is Saudi Arabia with 28 million (65 percent of the total), followed by nearly 8 million in the UAE. The International Monetary Fund forecasts a Compound Annual Growth Rate (CAGR) of 2.41 percent in the next five years and an increase in population to 49 million in 2016.