Muscat: Data issued by the Statistical Centre for the Cooperation Council for the Arab Countries of the Gulf indicate that GCC economies recorded positive and balanced performance during the third quarter of 2025, with the non-oil sector leading growth alongside the continued structural shift toward diversifying sources of income.
The data indicate that the nominal GDP of the GCC reached approximately US$595.8 billion, compared to US$583.0 billion in the corresponding quarter of 2024, achieving an annual growth rate of 2.2 percent.
As for real GDP, it reached US$474.4 billion, recording real growth of 5.2 percent, a clear indication that economic growth was not driven solely by price increases, but by an actual expansion in economic activity.
The GCC economy also recorded quarterly growth (compared to the second quarter of 2025) of 1.6 percent in real terms, reflecting continued economic momentum.
The data showed an acceleration in the shift toward a non-oil economy, with the non-oil sector accounting for 78 percent of nominal GDP, compared to 22 percent for the oil sector.
At the real GDP level, the non-oil sector accounted for 70.7 percent, compared to 29.3 percent for the oil sector.
This shift reflects reduced dependence on oil and the success of economic diversification policies in GCC countries.
The data showed that the GCC economy has become more diversified, with contributions of economic activities (at current prices) distributed as follows: 12.4 percent for manufacturing, 9.7 percent for wholesale and retail trade, 8.4 percent for construction, 7.5 percent for public administration and defence, 7.0 percent for financial and insurance activities, 5.8 percent for real estate activities, 27.3 percent for other activities, and 22.0 percent for oil and gas extraction, highlighting the broadening of the production base and the increasing role of service and industrial sectors in supporting growth.
Non-oil activities also recorded strong growth rates, notably real estate activities at 10.2 percent, accommodation and food services at 8.2 percent, wholesale and retail trade at 8.0 percent, electricity, water and gas at 7.4 percent, and other services at 7.3 percent, reflecting the vitality of the service economy and growing domestic and tourism demand.