Will Gulf Industrial Growth Outpace Western Benchmarks?

Sub-Saharan African nations account for around one-third of the total, followed by Latin America and the Middle East (the latter two together representing over 40% of the total). Including, there has 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 greater than others; UAE is up more than 45 locations in 2024 compared to 2000 while Qatar climbed 24; both Saudi Arabia and Oman increased 17 ranks during the period. The trapped or worse off nations are some parts of Latin America and Sub-Saharan Africa where structural improvement has stalled.

shows a significant increase 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 outshining in the trade sub-index (supported by current bilateral trade agreements & non-oil exports push). vs its pre-pandemic reading (partly offered the surge in medium & modern manufacturing data).

ANSR July GCC PRs 50DR+

Its diversity metrics have actually stagnated, showing the least improvement between the initial (2000-04) and last (2020-24) referral 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 execution) and strong services sector efficiency.

Analyzing GCC Equity Market Trends through 2026

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