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GCC countries' GDP hits $587.8B in 2024, up 1.5%, with non-oil activities making up 77.9%.
The GCC countries' nominal GDP reached $587.8 billion by the end of Q4 2024, showing a 1.5% increase from the previous year.
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%.
The region's economic growth reflects a shift towards reducing dependence on oil and expanding sectors like manufacturing and trade.
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El PIB de los países del CCG alcanza los 587.8 mil millones de dólares en 2024, un 1,5% más, con actividades no petroleras que representan el 77,9%.