Can Gulf Non-Oil Growth Outpace Global Benchmarks?

Sub-Saharan African countries account for around one-third of the overall, followed by Latin America and the Middle East (the latter two together accounting for over 40% of the total). Consisting of, there has actually been an (from 90.3 in 2000-04 to 92.6 and 92.3 in the 5 years pre- and post-pandemic ).

ANSR July GCC PRs 50DR+

and ranked greater 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 throughout the period. The trapped or even 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 ratings from 86.8 in 2000-04 to 92.6 in 2020-24, (up more than 10 points in the initial duration versus 2020-24). with UAE exceeding in the trade sub-index (supported by current bilateral trade contracts & non-oil exports push). vs its pre-pandemic reading (partially provided the surge in medium & high-tech production information).

ANSR July GCC PRs 50DR+

Its diversification metrics have stagnated, revealing the least improvement in between the initial (2000-04) and last (2020-24) referral periods., regardless of the headwinds of OPEC+ production cuts. A robust non-hydrocarbon expansion was supported by the GCC's robust domestic need (supported by a strong job pipeline and implementation) and strong services sector efficiency.

Upcoming Middle East Market Shifts for 2026 World Markets

Kuwait and Saudi Arabia clocked in an increase in non-hydrocarbon income, "mainly reflecting non-hydrocarbon tax base expansions and earnings collection performance improvements", according to the IMF. In the existing geopolitical environment defined by heightening, it is in the very best interests of product dependent nations to diversify its export base, exports and trade partners.