Khaberni - The economy of the Gulf Cooperation Council (GCC) countries continued to grow, recording a positive performance during the third quarter of 2025, in a sign that reflects the continued ability of the Gulf economies to balance the role of the oil sector and enhance the contribution of non-oil activities to the Gross Domestic Product.
The weekly bulletin issued by the Statistical Center of the Gulf Cooperation Council (GCC) states that the Gulf's Gross Domestic Product (GDP) at current prices reached about $595 billion in the third quarter of 2025, achieving an annual growth of 2.2% compared to the same period in 2024.
Data revealed that the GDP at constant prices reached $474 billion during the third quarter of 2025, recording an annual increase of 5.2% compared to the third quarter of 2024, signaling a real improvement in Gulf economic activity, according to the Oman News Agency.
The bulletin also showed that all the economies of the Council's member states achieved positive growth rates in real output during the same period, reinforcing the picture of economic stability across the region.
Gulf economies continue to gradually cement their path of economic diversification, despite the dominance of oil and gas extraction activities, which accounted for 22% of the total GDP at current prices in the third quarter of last year, with growth in contributions from non-oil sectors. The manufacturing industries registered 12.4%, followed by wholesale and retail trade at 9.7%, construction at 8.4%, alongside public administration and defense at 7.5%, financial and insurance activities at 7.0%, and real estate activities at 5.8%, while other combined activities accounted for 27.3%.
This composition shows that the production base in the Council's countries has become broader and less dependent on a single sector, despite the continuing pivotal importance of oil and gas.
Data indicate that economic diversification in the Council's countries translates concretely into the structure of the GDP and demonstrates clear progress in building alternative and supportive growth engines for the oil sector, particularly in manufacturing, trade, construction, and financial and real estate services.
