Muscat, April 11 (QNA) – The economy of the Gulf Cooperation Council (GCC) member states grew in the third quarter of 2025, reflecting its sustained ability to balance the role of the oil sector while enhancing the contribution of non-oil activities to gross domestic product (GDP).

In its recent report, the GCC Statistical Center (GCC-Stat) said that GCC countries’ nominal GDP reached about $595 billion in the third quarter of 2025, marking annual growth of 2.2 percent compared with the same period in 2024.

It added that the GDP at constant prices reached $474 billion during the third quarter of 2025, registering an annual increase of 5.2 percent compared to the third quarter of 2024. This reflects a real improvement in Gulf economic activity.

The center also showed that all GCC economies achieved positive growth rates in real output during the same period, which reinforces the image of economic stability at the regional level.

Oil and gas extraction activities remained the largest contributor, accounting for 22.0 percent of total nominal GDP in the third quarter of 2025, non-oil sectors made notable and impactful contributions. Manufacturing accounted for 12.4 percent, followed by wholesale and retail trade at 9.7 percent, construction at 8.4 percent, public administration and defense at 7.5 percent, financial and insurance activities at 7.0 percent, and real estate activities at 5.8 percent, while other activities collectively represented 27.3 percent. (QNA)