The Gulf Cooperation Council’s economy expanded 3 percent in the first quarter of 2025, reaching $588.1 billion, buoyed primarily by growth in non-oil sectors, according to data released by GCC-Stat on Monday.
Non-oil activities accounted for 73.2 percent of the region’s GDP at current prices, underscoring the GCC’s ongoing diversification efforts. Oil-related activities contributed the remaining 26.8 percent.
The data also showed a modest quarter-on-quarter increase of 0.1 percent from $587.8 billion in the fourth quarter of 2024, reflecting steady but slower short-term growth.
Economists view the strong performance of non-oil sectors, including finance, construction, and services, as a key driver in reducing the region’s reliance on hydrocarbons.
GCC-Stat’s figures highlight the continued economic resilience of member states, despite global energy market fluctuations. Analysts expect non-oil growth to remain central to the bloc’s economic strategy for 2025 and beyond.
News Source: Emirates News Agency
