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Gulf Economy: 70.6% Non-Oil
The "GCC Economic Outlook Report 2025" reveals that the real GDP of Gulf Cooperation Council countries grew by 4.7% in 2025, reaching $1,903.7 billion. Non-oil activities contributed 70.6% of the total, reflecting the Gulf economies' diversification away from oil. Despite declining oil prices, the non-oil sector experienced an annual growth of 5.2%, surpassing the 3.8% growth in the oil sector. Total government revenues declined by 8.3%, down to $591.5 billion, with oil revenues falling by 12.7%. In terms of trade, non-oil exports increased by 35.2%, and there was a 21.5% expansion in trade exchanges among Gulf countries. Foreign investments performed well, with their stock rising by 13.2% to $792.7 billion, and GCC investments abroad increasing by 13.9%. In the labor market, the number of employed persons grew by 6.3%, reaching 37.9 million, while inflation remained stable at 1.8%. The report forecasts that growth rates in non-oil activities will vary under different scenarios in 2026, emphasizing the ongoing need to diversify income sources and strengthen financial sustainability.
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