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GCC Economic Growth Forecast to Reach 8.1% by 2027 as Oil Output Rises

By 19Network Editorial Team · Jun 20, 2026 · 2 min read

GCC Economic Growth Forecast to Reach 8.1% by 2027 as Oil Output Rises

GCC real GDP growth is projected to hit 8.1% in 2027 as oil production curbs ease and non-oil sectors expand.

Real GDP growth across the Gulf Cooperation Council (GCC) is projected to reach 8.1% by 2027, according to the latest regional economic forecasts. The anticipated rebound follows a period of moderated growth in 2024 and 2025, primarily driven by voluntary oil production cuts and global inflationary pressures. Oil Production and Diversification Drivers The sharp acceleration in growth is attributed to the scheduled phase-out of OPEC+ production curbs, which will allow regional heavyweights, including Saudi Arabia and the UAE, to increase crude output. In addition to hydrocarbons, the non-oil sector continues to provide a stable foundation for the regional economy. Investments in infrastructure, logistics, and tourism are expected to sustain momentum as major projects in the UAE and Saudi Arabia reach critical development phases. Recent data indicates that while 2024 growth remains conservative—estimated at roughly 2.8% for the region—the medium-term outlook strengthens as diversification strategies mature. Analysts note that the 8.1% target in 2027 depends on stable global energy demand and the successful execution of large-scale industrial initiatives across the six-member bloc.…