Latest news with #StatisticalCentrefortheCooperationCouncilfortheArabCountriesoftheGulf
Zawya
a day ago
- Business
- Zawya
GCC countries' gross national income hits $2.143trln
MUSCAT: The latest data released by the Statistical Centre for the Cooperation Council for the Arab Countries of the Gulf (GCC-Stat) showed that the value of gross national income (the total income earned by citizens and companies) of the GCC countries at current prices in 2023 amounted to US$2.143 trillion, a decrease of 2.7% compared to US$2.202.7 trillion at the end of 2022. The value of disposable national income (available for consumption and savings after deducting taxes and other transfers) amounted to US$1.989 trillion, compared to US$2.515 trillion in 2022, marking a decrease of 3%. The total value added of the non-oil sector in GCC countries at current prices reached about US $.513 trillion by the end of 2023, while the value added of the oil sector amounted to US$ 603.5 billion. The data indicate that the contribution of the non-oil sector to the GCC's Gross Domestic Product (GDP) at current prices rose to 71.5% by the end of 2023, compared to 65% at the end of 2022, with an annual growth rate of 6.4%. Mining and quarrying activities were the largest contributors to the GCC economy over the past five years, with an average share of 28.3%. Meanwhile, manufacturing activities were the top contributors to the Gross Domestic Product within the non-oil sector, with an average share of 11.7%. Most economic activities recorded positive growth rates in 2023, with financial and insurance activities leading at 11.7%, followed by transportation and storage at 11.6%, real estate activities at 8.1%, public administration and defense at 7.9%, wholesale and retail trade at 7.6%, and education at 5.5%. Meanwhile, mining and quarrying, along with manufacturing activities, witnessed a decline of 18.8% and 0.7% respectively. With regard to the components of expenditure on the GCC's Gross Domestic Product (GDP) at current prices, data issued by the GCC-Stat indicate that the value of exports of goods and services reached about US$1.2587 trillion by the end of 2023, accounting for 59.5% of GDP at current prices, with a decline of 7.1%. Final consumption expenditure (the total amount spent by households, non-profit organizations, and the government on purchasing goods and services to directly satisfy their needs and wants, without using them to produce other goods or services) reached US$1.245 trillion, with an annual growth rate of 7.5%. The total capital formation (the total formation of fixed capital and assets) also amounted to US$601.8 billion, with an annual growth rate of 5.5%.
Dubai Eye
2 days ago
- Business
- Dubai Eye
GCC countries' gross national income hits $2.143 trillion
The Gulf Cooperation Council (GCC) countries saw a slight decline in overall national income in 2023, but their non-oil economies continued to grow steadily, according to new data from the Statistical Centre for the Cooperation Council for the Arab Countries of the Gulf (GCC-Stat). The region's Gross National Income (GNI) which reflects the total income earned by citizens and companies at home and abroad—stood at US$2.143 trillion in 2023. That marks a 2.7% drop compared to US$2.202 trillion in 2022. The disposable national income, which reflects the amount available for spending or saving after taxes and transfers, also fell by 3% to US$1.989 trillion, down from US$2.051 trillion in the previous year. Despite the dip in national income, the non-oil sector emerged as a stronger player in the region's economy. It added US$1.513 trillion in value at current prices, while the oil sector contributed US$603.5 billion. As a result, the non-oil sector's share of the GCC's Gross Domestic Product (GDP) increased to 71.5% in 2023, up from 65% in 2022. This growth was supported by a 6.4% annual expansion in non-oil economic and insurance activities grew the fastest, with an 11.7% rise. Transport and storage followed closely at 11.6%. Real estate, public administration, trade, and education all recorded solid growth between 5.5% and 8.1%. Mining and quarrying, traditionally the largest contributor to the economy over the last five years (averaging 28.3% of GDP), declined sharply by 18.8%. Manufacturing, the largest non-oil sub-sector (11.7% average share), dipped slightly by 0.7%. GCC countries saw a decline in exports, with the total value of goods and services exported falling to US$1.259 trillion, a 7.1% decrease, representing 59.5% of the region's GDP at current prices. Final consumption expenditure rose 7.5% to US$1.245 trillion. Total capital formation, which includes investment in infrastructure and assets, grew 5.5% to US$601.8 billion. While falling oil revenues weighed on overall income levels, the continued expansion of the non-oil sector signals progress toward economic diversification across the GCC. Growth in services, finance, and trade indicate a shift away from traditional energy dependence, even as key oil-related industries showed signs of contraction.
ARN News Center
2 days ago
- Business
- ARN News Center
GCC countries' gross national income hits $2.143 trillion
The Gulf Cooperation Council (GCC) countries saw a slight decline in overall national income in 2023, but their non-oil economies continued to grow steadily, according to new data from the Statistical Centre for the Cooperation Council for the Arab Countries of the Gulf (GCC-Stat). The region's Gross National Income (GNI) which reflects the total income earned by citizens and companies at home and abroad—stood at US$2.143 trillion in 2023. That marks a 2.7% drop compared to US$2.202 trillion in 2022. The disposable national income, which reflects the amount available for spending or saving after taxes and transfers, also fell by 3% to US$1.989 trillion, down from US$2.051 trillion in the previous year. Despite the dip in national income, the non-oil sector emerged as a stronger player in the region's economy. It added US$1.513 trillion in value at current prices, while the oil sector contributed US$603.5 billion. As a result, the non-oil sector's share of the GCC's Gross Domestic Product (GDP) increased to 71.5% in 2023, up from 65% in 2022. This growth was supported by a 6.4% annual expansion in non-oil economic and insurance activities grew the fastest, with an 11.7% rise. Transport and storage followed closely at 11.6%. Real estate, public administration, trade, and education all recorded solid growth between 5.5% and 8.1%. Mining and quarrying, traditionally the largest contributor to the economy over the last five years (averaging 28.3% of GDP), declined sharply by 18.8%. Manufacturing, the largest non-oil sub-sector (11.7% average share), dipped slightly by 0.7%. GCC countries saw a decline in exports, with the total value of goods and services exported falling to US$1.259 trillion, a 7.1% decrease, representing 59.5% of the region's GDP at current prices. Final consumption expenditure rose 7.5% to US$1.245 trillion. Total capital formation, which includes investment in infrastructure and assets, grew 5.5% to US$601.8 billion. While falling oil revenues weighed on overall income levels, the continued expansion of the non-oil sector signals progress toward economic diversification across the GCC. Growth in services, finance, and trade indicate a shift away from traditional energy dependence, even as key oil-related industries showed signs of contraction.
Al Etihad
20-07-2025
- Health
- Al Etihad
262.7 million tons of waste collected, 192.0 million tons treated across GCC countries: GCC-Stat
20 July 2025 10:48 MUSCAT (WAM)A total of 262.7 million tons of waste was collected in the GCC countries by the end of 2023, marking an increase of 153.7% compared to the figures recorded in 2019, according to the latest data released by the Statistical Centre for the Cooperation Council for the Arab Countries of the Gulf (GCC-Stat).The per capita share of household waste in the GCC countries decreased by 17.4%, reaching 1.4 kilograms per person per volume of total waste treated reached 192.0 million tons, reflecting a 128.5% indicate that 99.2% of the collected waste in the GCC countries was non-hazardous, while 95.8% of the hazardous waste was exported from the GCC to other countries for treatment. The treatment methods primarily involved recycling or recovering metals and metallic compounds from the GCC countries succeeded in achieving Sustainable Development Goal 12, related to the recycling and reuse of hazardous waste, reaching a rate of 30% in 2023. The cumulative number of national reports submitted by the GCC Countries under the Basel Convention on the Control of Hazardous Wastes reached 87 national amount of hazardous waste collected from the healthcare sector in the GCC after the COVID-19 pandemic decreased by 11.4% in 2023 compared to countries have also made significant strides in developing their medical waste treatment infrastructure. In 2023, the total number of incineration facilities for medical waste reached 23 sites, marking an increase of 27.8% compared to the figures recorded in the design capacity of medical waste incineration sites increased by 123.9% during the same period, reaching 207.5 thousand metric amount of hazardous waste collected from the industrial sector increased by 23.8% in 2023 compared to the figures logged in 2022, following the COVID-19 for municipal waste, the amount of household waste collected in the GCC has decreased over the past three years after peaking in 2020 at 35.5 million tons. By the end of 2023, the collected household waste amounted to approximately 30.8 million amount of agricultural waste collected in the GCC Countries increased by 44% in 2023, reaching 2.5 million tons, compared to 2.0 million tons in 2022 and 1.7 million tons in amount of municipal waste collected from other economic activities in the GCC Countries also increased from 11.9 million tons in 2019 to 14.3 million tons in 2023. The Waste Management Market Analysis Study in the GCC Countries (2019–2023), published by Mordor Intelligence, estimates the waste management market size in the GCC to be approximately $68.3 billion in 2025. It is projected to reach $97.4 billion by 2030, with a compound annual growth rate (CAGR) of 7.4% during the period 2025 to 2030.
Filipino Times
12-07-2025
- Business
- Filipino Times
GCC population reaches 61.2 million by end of 2024 — GCC-Stat
The population of Gulf Cooperation Council (GCC) countries reached 61.2 million by the end of 2024, according to new data released by the Statistical Centre for the Cooperation Council for the Arab Countries of the Gulf (GCC-Stat). The latest figures represent an increase of more than 2.1 million people compared to 2023, reflecting a growth rate of 3.6 percent. The data was published in line with the observance of World Population Day on July 11. The report also noted a strong post-pandemic recovery in population growth across the region. Since 2021, the GCC population has grown by approximately 7.6 million, representing a 14.2 percent increase, as countries resumed expansion following a slowdown during the COVID-19 pandemic. GCC countries now account for 0.7 percent of the global population. In terms of gender distribution, the number of males reached about 38.5 million, making up 62.8 percent of the total population. Females accounted for around 22.7 million or 37.2 percent. The sex ratio in the region stood at 169 males for every 100 females in 2024, significantly higher than the global average of 101 males per 100 females.
