GCC-Stat: Gulf economy records positive growth in Q1 2025

The Gulf Cooperation Council (GCC) economies demonstrated a strong performance in the first quarter of 2025, according to the latest data released by the Statistical Centre for the Cooperation Council for the Arab Countries of the Gulf (GCC-Stat). The region’s nominal GDP surged to $588.1 billion, marking a 5.7% increase compared to the same period in 2024. Real GDP also saw a notable rise, reaching $466.2 billion, with an annual growth rate of 3.0%. This upward trend underscores the region’s ongoing economic stability and commitment to sustainable development. The oil sector remained the largest contributor to GDP at 22.9%, followed by manufacturing (12.7%) and wholesale and retail trade (9.6%). Other activities accounted for 26.7% of the total GDP, highlighting the success of economic diversification initiatives. The report emphasized that these positive results reflect the GCC countries’ continued efforts to enhance non-oil sectors, ensuring long-term economic stability and growth.