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Sub-Saharan African nations represent around one-third of the overall, followed by Latin America and the Middle East (the latter two together representing over 40% of the overall). 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 ).
and ranked higher 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 caught or even worse off nations are some parts of Latin America and Sub-Saharan Africa where structural change has actually stalled.
How Industrial Shifts Will Transform Arabian Marketsshows 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 outperforming in the trade sub-index (supported by recent bilateral trade contracts & non-oil exports push). vs its pre-pandemic reading (partly offered the rise in medium & state-of-the-art manufacturing data).

Its diversification metrics have actually stagnated, revealing the least improvement in between the initial (2000-04) and last (2020-24) reference periods., regardless of the headwinds of OPEC+ production cuts. A robust non-hydrocarbon expansion was supported by the GCC's robust domestic demand (supported by a strong project pipeline and execution) and strong services sector efficiency.
How Industrial Shifts Will Transform Arabian MarketsKuwait and Saudi Arabia clocked in an increase in non-hydrocarbon revenue, "mainly reflecting non-hydrocarbon tax base expansions and profits collection efficiency enhancements", according to the IMF. In the current geopolitical environment identified by intensifying, it remains in the very best interests of product dependent nations to diversify its export base, exports and trade partners.
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