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GDP of GCC Countries Records USD 456 Billion in Q4 2024

Doha: The Gross Domestic Product (GDP) at constant prices of the Gulf Cooperation Council (GCC) countries increased at the end of the fourth quarter (Q4) of 2024 by 3.3 percent to reach USD 456.3 billion compared to USD 442.3 billion during the same period in 2023.

According to Qatar News Agency, the latest statistics released by the Statistical Centre for the Cooperation Council for the Arab Countries of the Gulf (GCC-Stat) showed that the contribution percentage of non-oil activities reached 70.6 percent and 29.4 percent for oil activities.

The GDP at constant prices of the GCC countries recorded in Q4 2024 an increase of 1 percent, where it recorded in Q3 a value of USD 452.2 billion.