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flag GCC countries' GDP hits $587.8B in 2024, up 1.5%, with non-oil activities making up 77.9%.

flag The GCC countries' nominal GDP reached $587.8 billion by the end of Q4 2024, showing a 1.5% increase from the previous year. flag Non-oil activities comprised 77.9% of the GDP, with the manufacturing sector contributing 12.5%, wholesale and retail trade 9.9%, and construction 8.3%. flag The region's economic growth reflects a shift towards reducing dependence on oil and expanding sectors like manufacturing and trade.

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