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Future GCC Economic Outlook

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The region, which was primarily based on oil incomes, is now gradually changing into a varied financial landscape with several engines of growth. The GCC financial outlook is bright due to the expansion of non-oil sectors, constant reform efforts, and rising foreign investment. This is supported by steady foreign investment patterns in Gulf area 2026.

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RIYADH: Economies throughout the Gulf Cooperation Council are forecast to grow 4.4 percent in 2026, accelerating to 4.6 percent in 2027, driven by rising non-oil activity in countries consisting of Saudi Arabia, according to an analysis. In its International Economic Prospects report, the World Bank stated the Kingdom's real gross domestic item is forecasted to grow 4.3 percent in 2026 and 4.4 percent in 2027, up from an expected 3.8 percent in 2025.

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The World Bank's latest forecast broadly lines up with the International Monetary Fund's October outlook, which predicts Saudi Arabia's GDP to grow by about 4 percent in both 2025 and 2026. Broadening the non-oil sector stays a core objective of Saudi Arabia's Vision 2030 program, as the Kingdom continues efforts to decrease its enduring dependence on unrefined revenues.