Labor pressure participation in GCC international locations was projected to achieve 60.5% in 2024, surpassing the worldwide common, in line with a latest Gulf Statistical Middle report.
The indicator measures the scale of the labor pressure and its contribution to the market. Qatar topped the listing with an 87.9% participation charge, adopted by Oman at 69.7% and Saudi Arabia at 66.2%.
Kuwait ranked second within the Gulf for labor availability among the many 4 international locations with up to date knowledge, with 2.9 million staff, 15.4% of whom are Kuwaiti nationals.
Throughout Saudi Arabia, Qatar, Kuwait, and Oman, the Gulf labor market counts 24.6 million staff, with Saudi Arabia using 68.5% of them.
The market stays closely male-dominated, largely as a result of expatriate labor. Males account for about 84% of the workforce, with 4 working males for each feminine.
Kuwaiti ladies have the bottom participation charge within the Gulf, with solely two working for each ten males. Total, expatriates make up 78.3% of the Gulf workforce, totaling 19.3 million staff.
The male expatriate presence has widened the gender participation hole within the GCC to 45%, considerably increased than the worldwide hole of 25%.
In a separate replace, the Gulf Statistical Middle reported that GCC banks carried out strongly within the first quarter of 2025, supported by increased revenue from non-interest actions, decreased non-performing loans, and decrease working prices.
The sector achieved document earnings of $15.6 billion, up 7.1% from the earlier quarter.
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