Can GCC Industrial Growth Outpace Western Averages?

Sub-Saharan African countries represent around one-third of the overall, followed by Latin America and the Middle East (the latter two together accounting for over 40% of the total). Including, there has actually been an (from 90.3 in 2000-04 to 92.6 and 92.3 in the 5 years pre- and post-pandemic ).

ANSR July GCC PRs 50DR+

and ranked higher than others; UAE is up more than 45 locations in 2024 compared to 2000 while Qatar climbed 24; both Saudi Arabia and Oman rose 17 ranks throughout the period. The trapped or worse off nations are some parts of Latin America and Sub-Saharan Africa where structural change has actually stalled.

shows a substantial boost in typical EDI ratings from 86.8 in 2000-04 to 92.6 in 2020-24, (up more than 10 points in the initial period versus 2020-24). with UAE surpassing in the trade sub-index (supported by current bilateral trade arrangements & non-oil exports push). vs its pre-pandemic reading (partly given the rise in medium & state-of-the-art production information).

ANSR July GCC PRs 50DR+

Its diversification metrics have stagnated, revealing the least improvement between the initial (2000-04) and last (2020-24) reference periods., regardless of the headwinds of OPEC+ production cuts. A robust non-hydrocarbon expansion was supported by the GCC's robust domestic need (supported by a strong project pipeline and implementation) and strong services sector performance.

Essential Foreign Capital Trends across GCC Economy

Kuwait and Saudi Arabia clocked in a boost in non-hydrocarbon income, "primarily reflecting non-hydrocarbon tax base growths and revenue collection effectiveness enhancements", according to the IMF. In the existing geopolitical environment identified by heightening, it remains in the very best interests of commodity reliant countries to diversify its export base, exports and trade partners.