Impact of FDI on GCC Economic Transformation

Sub-Saharan African nations represent around one-third of the total, followed by Latin America and the Middle East (the latter two together representing over 40% of the total). Consisting of, there has 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 increased 17 ranks during the period. The caught or worse off nations are some parts of Latin America and Sub-Saharan Africa where structural improvement has stalled.

reveals a considerable increase in average EDI scores from 86.8 in 2000-04 to 92.6 in 2020-24, (up more than 10 points in the preliminary duration versus 2020-24). with UAE outperforming in the trade sub-index (supported by current bilateral trade agreements & non-oil exports push). vs its pre-pandemic reading (partially given the surge in medium & modern manufacturing data).

ANSR July GCC PRs 50DR+

Its diversity metrics have stagnated, revealing the least improvement in between the preliminary (2000-04) and final (2020-24) recommendation periods., in spite of the headwinds of OPEC+ production cuts. A robust non-hydrocarbon growth was supported by the GCC's robust domestic need (supported by a strong job pipeline and application) and strong services sector efficiency.

Can GCC Non-Oil Success Outpace Western Benchmarks?

Kuwait and Saudi Arabia clocked in a boost in non-hydrocarbon earnings, "primarily reflecting non-hydrocarbon tax base growths and profits collection effectiveness enhancements", according to the IMF. In the existing geopolitical environment characterized by intensifying, it is in the very best interests of product reliant countries to diversify its export base, exports and trade partners.