Economic Affairs Editor
The Gulf economy continues its ascending growth in the first quarter of 2025, reaching the nominal GDP of the Cooperation Council with a value of $ 588.1 billion, achieving an annual growth of about 3.0% compared to the same period for 2024.
A sustainable economic diversification achieved the contribution of many economic activities in the nominal GDP in the first quarter of 2025.
The relative contribution of economic activities to the nominal GDP indicates that the non -oil sector formed 77.1% of the output in the first quarter 2025, with a growth of 5.7% compared to the first quarter of 2024.
The General Administration of Defense constitutes 7.4%, construction 7.9%, manufacturing industries 12.7%, real estate activities 5.9%, financial and insurance 6.9%, wholesale and retail trade 9.6%, oil and gas extraction 22.9%, other activities 26.7%, and all economic activities within the non -oil sector achieved positive growth rates in the first quarter 2025 compared to the first quarter of 2024 except for Administrative services and support services activities.
All economies of the Cooperation Council countries also achieved positive growth rates during the first quarter of 2025 compared to the first quarter of 2024, as the real GDP in the first quarter reached 2025, a value of $ 466.2 billion, continuing its balanced growth, with a continuous annual growth of more than 3.1% compared to the first quarter 2024.
The growth rate in the first quarter 2025 in the UAE was about 3.9%, Bahrain 2.7%, Saudi Arabia 3.4%, Oman 2.5%, Qatar 3.7% and Kuwait 1.0%, which reflects the stability of the domestic product and enhances confidence in the sustainable development path.
