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Last Update: ،
2026/07/27
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05:09:28
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Latest News:
Yemen Condemns Terrorist Drone Attacks Against Saudi Arabia Launched from Iraqi Territory
Minister Stresses Strengthening Social Fund for Development While Safeguarding Its Independence
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'MASAM' Removes 5653 of Houthis-Laid Landmines, UXO In July
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GCC-STAT: Positive growth for GCC economies in 1Q
[26/10/2025 12:12]
MUSCAT-SABA
The economies of the Gulf Cooperation Council (GCC) countries recorded positive growth during the first quarter of 2025, reflecting the continued economic stability and sustainable development trajectory in the region.
According to a report issued by the Statistical Center (STAT) for the GCC countries, the nominal GDP of the Council's states reached about 588.1 billion US dollars, an increase of 5.7 percent compared to the first quarter of 2024, while the real GDP amounted to 466.2 billion US dollars, achieving an annual growth of 3.0 percent.
The report indicated that all the GCC countries' economies recorded positive growth rates in the first quarter of 2025 compared to the same period last year, while the oil sector still contributes the largest share to the GDP at 22.9%, followed by the manufacturing sector at 12.7%, and wholesale and retail trade at 9.6%, while other activities accounted for 26.7% of the total GDP.
The report confirmed that this positive performance reflects sustainable economic diversification in the GCC countries and the ongoing efforts to promote non-oil activities, which support the long-term stability of the Gulf economies.
The economies of the Gulf Cooperation Council (GCC) countries recorded positive growth during the first quarter of 2025, reflecting the continued economic stability and sustainable development trajectory in the region.
According to a report issued by the Statistical Center (STAT) for the GCC countries, the nominal GDP of the Council's states reached about 588.1 billion US dollars, an increase of 5.7 percent compared to the first quarter of 2024, while the real GDP amounted to 466.2 billion US dollars, achieving an annual growth of 3.0 percent.
The report indicated that all the GCC countries' economies recorded positive growth rates in the first quarter of 2025 compared to the same period last year, while the oil sector still contributes the largest share to the GDP at 22.9%, followed by the manufacturing sector at 12.7%, and wholesale and retail trade at 9.6%, while other activities accounted for 26.7% of the total GDP.
The report confirmed that this positive performance reflects sustainable economic diversification in the GCC countries and the ongoing efforts to promote non-oil activities, which support the long-term stability of the Gulf economies.
Key words:
diversification - manufacturing - According - development - contributes - sustainable - performance - Statistical - Cooperation - activities -
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