GCC Ranks 11th Globally: $2.1 Trillion GDP and $748 Billion in Foreign Reserves

alireza

May 25, 2025

Aerial view of Port of Salalah during sunset, showing rows of shipping containers, cranes, and docked cargo ships.

Port of Salalah – A strategic gateway for global trade and one of the busiest transshipment hubs in the Arabian Sea, playing a vital role in Oman’s logistics and maritime economy.

Muscat – May 24, 2025, Coinciding with the 44th anniversary of the establishment of the Gulf Cooperation Council (GCC), the GCC Statistical Center has announced that the combined GDP of member states has reached $2.1 trillion, placing the GCC as the 11th largest economy in the world. The council’s foreign currency reserves now stand at $748 billion.

Intisar bint Abdullah Al-Wahaibi, Director General of the GCC Statistical Center, stated that the GCC has become a leading model of regional cooperation. She added that the statistical center plays a pivotal role in producing integrated data to support evidence-based policymaking across the region.

Key economic highlights announced:

$4.9 trillion in sovereign wealth fund assets, representing 37% of the top 100 global funds
GCC countries hold 30% of the Middle East’s renewable electricity production capacity
GCC stock markets account for 4.3% of total global market value, ranking 7th worldwide
Artificial Intelligence is projected to contribute 34% to the region’s GDP by 2030
Five GCC countries are ranked among the top 50 globally in AI readiness

Al-Wahaibi reaffirmed the center’s commitment to advancing statistical infrastructure, promoting data transparency, and empowering regional policymakers, with the goal of achieving the sustainable development visions of the GCC.

GCC Economy Ranked 11th Globally with $2.1 Trillion GDP and $748 Billion in Reserves

Source:

GCC economy ranked 11th globally with $2.1 trillion GDP and $748 billion in reserves – Al Roya