Doha: The gross domestic product (GDP) at current prices for Gulf Cooperation Council (GCC) countries reached $587.8 billion at the end of the fourth quarter of 2024, up from $579 billion in the same period of 2023, reflecting a growth rate of 1.5%, according to the latest figures released by the Statistical Centre for the Cooperation Council for the Arab Countries of the Gulf (GCC-Stat).

According to Qatar News Agency, the data shows that non-oil activities contributed 77.9% to the GCC GDP at current prices in Q4 2024, while oil activities accounted for 22.1%. Within the non-oil sectors, manufacturing contributed 12.5%, followed by wholesale and retail trade at 9.9%, construction at 8.3%, public administration and defense at 7.5%, finance and insurance at 7%, and real estate activities at 5.7%, while other non-oil activities collectively accounted for 27% of the total GDP.