Will Gulf Industrial Success Outpace Global Averages?

Sub-Saharan African nations represent 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). Including, there has 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 24; both Saudi Arabia and Oman increased 17 ranks during the period. The trapped or even worse off countries are some parts of Latin America and Sub-Saharan Africa where structural change has actually stalled.

shows a significant increase in average EDI ratings 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 outshining in the trade sub-index (supported by current bilateral trade agreements & non-oil exports push). vs its pre-pandemic reading (partly given the rise in medium & modern production information).

ANSR July GCC PRs 50DR+

Its diversity metrics have actually stagnated, showing the least improvement in between the preliminary (2000-04) and last (2020-24) referral periods., in spite 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 project pipeline and execution) and strong services sector performance.

Creating Resilient Investment Portfolios with Arabian Securities

Kuwait and Saudi Arabia clocked in a boost in non-hydrocarbon revenue, "mostly reflecting non-hydrocarbon tax base expansions and profits collection efficiency improvements", according to the IMF. In the existing geopolitical environment defined by magnifying, it is in the best interests of product dependent nations to diversify its export base, exports and trade partners.