Will Gulf Industrial Growth Outpace Global Averages?

Sub-Saharan African countries account for around one-third of the overall, followed by Latin America and the Middle East (the latter 2 together accounting for over 40% of the total). Consisting of, there has actually 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 higher than others; UAE is up more than 45 places in 2024 compared to 2000 while Qatar climbed 24; both Saudi Arabia and Oman increased 17 ranks throughout the period. The trapped or even worse off nations are some parts of Latin America and Sub-Saharan Africa where structural change has stalled.

shows a considerable boost in average 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 exceeding in the trade sub-index (supported by recent bilateral trade agreements & non-oil exports push). vs its pre-pandemic reading (partly offered the surge in medium & state-of-the-art manufacturing data).

ANSR July GCC PRs 50DR+

Its diversity metrics have actually stagnated, revealing the least improvement in between the preliminary (2000-04) and final (2020-24) recommendation periods., regardless 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 application) and strong services sector performance.

Refining Investment Pipelines for 2026 GCC Economy

Kuwait and Saudi Arabia clocked in an increase in non-hydrocarbon earnings, "mainly showing non-hydrocarbon tax base growths and profits collection performance improvements", according to the IMF. In the present 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.