MUSCAT : According to the latest data from the Statistical Center of the Cooperation Council for the Arab States of the Gulf, the GCC’s economic performance highlights a significant shift towards diversification.
Non-oil activities accounted for 73.2% of the region’s GDP at constant prices during the first quarter of 2025, while oil-related sectors contributed 26.8%, underscoring the bloc’s growing success in reducing its reliance on hydrocarbons.
On a quarterly basis, the GCC’s GDP recorded a marginal 0.1% increase compared to the fourth quarter of 2024, which posted US$465.5 billion.
The GCC's GDP reached $466.2 billion in Q1 2025, with non-oil sectors driving 73.2% of the growth, marking a significant shift towards economic diversification and reduced reliance on hydrocarbons.