Total net wealth across the Gulf Cooperation Council (GCC) exceeded $7.5 trillion in 2024, underscoring the region’s growing financial depth and asset accumulation, according to data from Boston Consulting Group.
Saudi Arabia ranked as the region’s wealthiest economy, with total net wealth reaching $3.7 trillion, reflecting steady year-on-year growth despite global market volatility. The United Arab Emirates followed closely at $3.12 trillion, posting the fastest expansion in the GCC on the back of strong inflows of cross-border wealth and rising real and financial assets.
Beyond the two largest economies, Qatar recorded net wealth of around $765 billion, while Kuwait reached approximately $538 billion. Oman and Bahrain trailed with estimated net wealth of $300 billion and $160 billion, respectively.
BCG’s assessment aggregates real assets and financial wealth—such as equities, bonds, deposits, and pensions—net of liabilities, highlighting the GCC’s role as one of the world’s most concentrated pools of private wealth. Analysts note that continued diversification, population growth differences, and capital inflows will increasingly shape how this wealth translates into per-capita prosperity and long-term economic resilience across the region.
