Will Gulf Industrial Success Exceed Western Averages?

Sub-Saharan African countries represent around one-third of the total, followed by Latin America and the Middle East (the latter 2 together accounting for over 40% of the total). Consisting of, there has been an (from 90.3 in 2000-04 to 92.6 and 92.3 in the five years pre- and post-pandemic ).

ANSR July GCC PRs 50DR+

and ranked greater than others; UAE is up more than 45 places in 2024 compared to 2000 while Qatar climbed 24; both Saudi Arabia and Oman rose 17 ranks during the duration. The trapped or even worse off countries are some parts of Latin America and Sub-Saharan Africa where structural improvement has stalled.

reveals a considerable boost in average EDI scores 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 exceeding in the trade sub-index (supported by recent bilateral trade agreements & non-oil exports push). vs its pre-pandemic reading (partially offered the rise in medium & high-tech manufacturing data).

ANSR July GCC PRs 50DR+

Its diversification metrics have actually stagnated, showing the least improvement between the initial (2000-04) and last (2020-24) recommendation periods., regardless of the headwinds of OPEC+ production cuts. A robust non-hydrocarbon expansion was supported by the GCC's robust domestic demand (supported by a strong project pipeline and implementation) and strong services sector efficiency.

Building Sustainable Financial Portfolios with GCC Securities

Kuwait and Saudi Arabia clocked in a boost in non-hydrocarbon revenue, "mostly showing non-hydrocarbon tax base growths and income collection efficiency enhancements", according to the IMF. In the current geopolitical environment identified by magnifying, it is in the finest interests of commodity dependent countries to diversify its export base, exports and trade partners.