GCC countries’ digital growth can add $255bn to GDP – The National
- Date: 17-Nov-2021
- Source: The National
- Sector:Technology
- Country:user-top-picks
GCC countries’ digital growth can add $255bn to GDP – The National
The digital economies of GCC countries are growing twice as fast as their advanced economy counterparts, and their pace of expansion has the potential to add up to $255 billion to regional gross domestic product, according to a new report from management consulting firm Strategy&.
The maturity of GCC digital economies could match that of Organisation of Economic Co-operation and Development (OECD) countries within five years if they continue at the pace, the report said.
Most Gulf economies scored highly on the Digital Economy Index, which scored 109 countries over the 2010-20 period, based on five pillars, namely foundations, talent, innovation, adoption and local production, to measure nations' digital strengths.
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