Key Factors Shaping GCC Economic Outlooks for 2026

Sub-Saharan African nations 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 overall). 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 during the period. The trapped or even worse off countries are some parts of Latin America and Sub-Saharan Africa where structural change has actually stalled.

reveals a considerable boost in typical EDI scores from 86.8 in 2000-04 to 92.6 in 2020-24, (up more than 10 points in the preliminary period versus 2020-24). with UAE surpassing in the trade sub-index (supported by current bilateral trade contracts & non-oil exports push). vs its pre-pandemic reading (partially provided the rise in medium & state-of-the-art manufacturing data).

ANSR July GCC PRs 50DR+

Its diversity metrics have stagnated, showing the least enhancement between the initial (2000-04) and final (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 demand (supported by a strong job pipeline and application) and strong services sector efficiency.

Key Factors Influencing GCC Economic Forecasts by 2026

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