GDP reached $107.1bn in 2024, compared with $75.9bn in 2020, representing 41.1 per cent growth, GCC STAT figures showed
By 2034, the tourism industry is expected to generate around 1.3 million new jobs, reflecting its potential to further bolster employment opportunities in the region
Oil revenues remain the largest component of government income in the region, making fiscal positions highly sensitive to global oil price fluctuations
According to the latest GCC-Stat data, the total labour force in GCC countries reached 31.8 million, representing 54.2 per cent of the total population
The report highlighted the region’s performance in commodity exports, with the GCC ranking fifth worldwide in 2023