GCC GDP Sees 3% Growth To $588.1 Billion In Q1 2025

In the initial quarter of 2025, the Gross Domestic Product (GDP) of the Gulf Cooperation Council (GCC) experienced a modest increase of 0.1%, reaching $588.1 billion, up from $587.8 billion in the final quarter of 2024. This growth underscores the region's economic resilience and the effectiveness of its diversification strategies away from oil dependency.

The composition of the GCC’s GDP in the first quarter of 2025 highlights a significant shift toward non-oil sectors. Non-oil activities now generate 73.2%of the region's GDP at current prices, showcasing the GCC's strategic push towards diversification. Meanwhile, oil activities, traditionally the backbone of the Gulf economies, made up 26.8% of the GDP.

Comparing year-on-year figures, the GCC's economic output at current prices saw a rise from $570.9 billion in the first quarter of the previous year to $588.1 billion in the same quarter of 2025. This 3% increase, as reported by the Statistical Centre for the Cooperation Council for the Arab States of the Gulf (GCC-Stat), indicates a steady economic progression within the region despite global economic uncertainties.

The data from GCC-Stat reveals a deliberate and sustained effort by the GCC nations to balance and grow their economies beyond the traditional oil sector. This transformation is crucial for the region's long-term economic stability and growth, ensuring it remains competitive on the global stage.