GCC GDP 2024: Real and nominal figures differ, but both show non-oil sectors make up over 70%
Join our WhatsApp Community to receive travel deals, free stays, and special offers!
- Join Now -
Join our WhatsApp Community to receive travel deals, free stays, and special offers!
- Join Now -
In 2024, the GCC's economy grew steadily, with real GDP rising 3.3% in Q4 and 2.4% over the year, driven by non-oil sectors like manufacturing and trade. Nominal GDP rose 1.5%, reflecting lower oil prices. Non-oil activities now dominate both real and nominal GDP, signaling a clear shift away from oil dependence through structural reforms and investment. What's Your Reaction?
Like
0
Dislike
0
Love
0
Funny
0
Angry
0
Sad
0
Wow
0
