Vital Drivers Influencing Gulf Market Outlooks by 2026

Sub-Saharan African nations 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 overall). Including, there has been an (from 90.3 in 2000-04 to 92.6 and 92.3 in the five years pre- and post-pandemic ).

ANSR July GCC PRs 50DR+

and ranked higher 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 nations are some parts of Latin America and Sub-Saharan Africa where structural change has actually stalled.

reveals a substantial 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 period 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 given the rise in medium & high-tech production information).

ANSR July GCC PRs 50DR+

Its diversity metrics have stagnated, revealing the least enhancement between the preliminary (2000-04) and final (2020-24) reference 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 task pipeline and application) and strong services sector performance.

Key Drivers Influencing GCC Economic Forecasts for 2026

Kuwait and Saudi Arabia clocked in an increase in non-hydrocarbon revenue, "mainly showing non-hydrocarbon tax base growths and profits collection performance improvements", according to the IMF. In the current geopolitical environment identified by magnifying, it remains in the very best interests of product dependent nations to diversify its export base, exports and trade partners.