GCC GDP Hikes in Q1

The total Gross Domestic Product (GDP) of the GCC states at current prices rose 3 percent to US$588.1 billion in the first quarter of 2025 from US$570.9 billion a year earlier, data from the Statistical Centre for the GCC (GCC-Stat) has shown.

Non-oil activities contributed 73.2 percent of GCC’s GDP at current prices in Q1 2025, while oil activities accounted for 26.8 percent, according to the data. At current prices, the GCC’s GDP grew 0.1 percent in the first quarter of 2025, after recording US$587.8 billion in the fourth quarter of 2024.