Why Industrial Diversification Drives GCC Growth for 2026

Sub-Saharan African countries 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 total). Consisting of, 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 up 24; both Saudi Arabia and Oman increased 17 ranks during the duration. The caught or worse off countries are some parts of Latin America and Sub-Saharan Africa where structural improvement has actually stalled.

shows a considerable increase in average EDI scores 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 surpassing in the trade sub-index (supported by current bilateral trade arrangements & non-oil exports push). vs its pre-pandemic reading (partly offered the rise in medium & modern manufacturing data).

ANSR July GCC PRs 50DR+

Its diversification metrics have actually stagnated, showing the least enhancement 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 execution) and strong services sector efficiency.

Optimizing Capital Pipelines for the 2026 GCC Outlook

Kuwait and Saudi Arabia clocked in an increase in non-hydrocarbon income, "mainly showing non-hydrocarbon tax base expansions and income collection performance enhancements", according to the IMF. In the present geopolitical environment characterized by heightening, it remains in the finest interests of commodity reliant countries to diversify its export base, exports and trade partners.