The Gulf Cooperation Council (GCC) economies continued their positive trajectory in the first quarter of 2025, with new data showing solid growth across the region.
According to the Statistical Centre for the Cooperation Council for the Arab Countries of the Gulf (GCC-Stat), the combined nominal GDP of GCC nations reached US$588.1 billion, marking a 5.7 percent increase compared to the same period last year.
Real GDP rose to US$466.2 billion, reflecting an annual growth rate of 3.0 percent. The figures underline the region’s ongoing economic resilience and its progress toward sustainable development despite global economic challenges.
All GCC member states recorded positive growth rates during the first quarter, highlighting broad-based economic momentum. The oil sector remained the primary contributor to GDP at 22.9 percent, followed by manufacturing at 12.7 percent and wholesale and retail trade at 9.6 percent. Other activities together accounted for 26.7 percent, demonstrating continued diversification efforts across the bloc.
GCC-Stat noted that the results affirm the success of regional strategies aimed at strengthening non-oil sectors and promoting long-term stability. The report added that the sustained performance reflects the Gulf’s commitment to economic transformation and resilience in an evolving global market.
News Source: Emirates News Agency
