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Business

GCC economies power ahead as growth holds strong as non-oil sectors gain ground

The Gulf Cooperation Council (GCC) economies maintained steady growth in the third quarter of 2025.

MUSCAT : According to the latest weekly bulletin issued by the Statistical Center of the Cooperation Council for the Arab States of the Gulf, the GCC’s gross domestic product (GDP) at current prices reached approximately US$595 billion in Q3 2025. This marks an annual growth of 2.2 percent compared to the same period in 2024.

At constant prices, GDP stood at US$474 billion during the quarter, reflecting a stronger annual increase of 5.2 percent.

The report highlighted that all GCC countries recorded positive growth in real output during this period, reinforcing regional economic stability and confidence.

While oil and gas extraction remains a key contributor, accounting for 22 percent of total GDP at current prices, the data points to a clear rise in non-oil sector contributions. Manufacturing industries made up 12.4 percent of GDP, followed by wholesale and retail trade at 9.7 percent and construction at 8.4 percent. Public administration and defense contributed 7.5 percent, while financial and insurance activities accounted for 7.0 percent. Real estate activities stood at 5.8 percent, with other sectors collectively contributing 27.3 percent.

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