gross domestic product

Latest news and articles about gross domestic product from NEX English

Non-Oil Sector Contributes 78% to Gulf GDP Growth

Data from the Gulf Cooperation Council's statistical center reveals that the Gulf economy experienced positive growth in the third quarter of 2025, with the non-oil sector contributing 78% to the gross domestic product. This shift highlights the success of economic policies aimed at diversifying income sources.

South Korea's National Debt Surges to $861 Billion

The South Korean Ministry of Finance announced a significant increase in the national debt, surpassing 1,300 trillion won, equivalent to $861.2 billion. This rise raises concerns about the country's financial sustainability as the debt-to-GDP ratio approaches 50%.