Impact of FDI on Regional Industrial Development

Sub-Saharan African countries account for around one-third of the overall, followed by Latin America and the Middle East (the latter two together representing over 40% of the overall). 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 higher than others; UAE is up more than 45 places in 2024 compared to 2000 while Qatar climbed 24; both Saudi Arabia and Oman increased 17 ranks throughout the duration. The trapped or worse off nations are some parts of Latin America and Sub-Saharan Africa where structural change has stalled.

reveals a considerable boost in average EDI ratings from 86.8 in 2000-04 to 92.6 in 2020-24, (up more than 10 points in the initial period versus 2020-24). with UAE surpassing in the trade sub-index (supported by recent bilateral trade arrangements & non-oil exports push). vs its pre-pandemic reading (partly provided the surge in medium & modern manufacturing information).

ANSR July GCC PRs 50DR+

Its diversity metrics have stagnated, showing the least enhancement in between the initial (2000-04) and final (2020-24) reference periods., despite the headwinds of OPEC+ production cuts. A robust non-hydrocarbon growth was supported by the GCC's robust domestic demand (supported by a strong project pipeline and execution) and strong services sector performance.

Key Factors Shaping Gulf Economic Forecasts by 2026

Kuwait and Saudi Arabia clocked in an increase in non-hydrocarbon earnings, "mostly reflecting non-hydrocarbon tax base growths and income collection effectiveness enhancements", according to the IMF. In the present geopolitical environment characterized by intensifying, it remains in the finest interests of commodity dependent nations to diversify its export base, exports and trade partners.