Can Gulf Industrial Growth Exceed Western Benchmarks?

Sub-Saharan African nations account for around one-third of the total, followed by Latin America and the Middle East (the latter 2 together accounting for over 40% of the overall). Including, there has been an (from 90.3 in 2000-04 to 92.6 and 92.3 in the five years pre- and post-pandemic ).

ANSR July GCC PRs 50DR+

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

shows a considerable boost in typical EDI ratings 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 recent bilateral trade arrangements & non-oil exports push). vs its pre-pandemic reading (partly given the rise in medium & high-tech manufacturing data).

ANSR July GCC PRs 50DR+

Its diversity metrics have stagnated, revealing the least enhancement 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 project pipeline and execution) and strong services sector performance.

Is GCC Emerging as Global Investment Powerhouse?

Kuwait and Saudi Arabia clocked in a boost in non-hydrocarbon earnings, "mostly reflecting non-hydrocarbon tax base expansions and earnings collection performance improvements", according to the IMF. In the current geopolitical environment characterized by heightening, it is in the very best interests of product reliant countries to diversify its export base, exports and trade partners.