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GCC GDP fell 2.7% in 2023, but non-oil sector grew 6.4%, led by finance and insurance.
The GCC countries' GDP reached $2.143 trillion in 2023, a 2.7% decrease from 2022, but the non-oil sector's contribution rose to 71.5% with a 6.4% growth rate.
Financial and insurance activities led growth at 11.7%, followed by transport, storage, real estate, public administration, trade, and education.
Exports reached $1.26 trillion, 59.5% of GDP, while final consumption and gross capital formation grew 7.5% and 5.5%, respectively.
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El PIB del CCG cayó un 2,7% en 2023, pero el sector no petrolero creció un 6,4%, liderado por las finanzas y los seguros.