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GCC's GDP rose 3% annually in Q1 2025, led by non-oil sectors, driven by Saudi Arabia and the UAE.
The Gulf Cooperation Council's GDP grew 3% year-on-year to $588.1 billion in Q1 2025, driven by non-oil sectors that accounted for 73.2% of regional output, according to GCC-Stat.
This follows a 0.1% quarterly increase from the previous quarter.
The expansion reflects ongoing economic diversification, with Saudi Arabia and the UAE leading growth through strong non-oil performance.
The IMF projects GCC growth of 3.2% in 2025 and 4.5% in 2026.
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El PIB del CCG aumentó un 3% anual en el primer trimestre de 2025, liderado por sectores no petroleros, impulsados por Arabia Saudita y los Emiratos Árabes Unidos.