Saudi Arabia: Real GDP Growth of 2.7% in the First Quarter

The General Authority for Statistics revealed that the Kingdom’s real GDP grew by 2.7% during the first quarter of 2025, compared to the first quarter of 2024. This growth was due to a 4.2% increase in non-oil activities. Government activities also grew by 3.2%, while oil activities declined by 1.4% year-on-year.

This comes as part of its efforts to achieve high levels of compliance with international standards and data quality. Accordingly, the annual and quarterly GDP series were updated at current and constant prices.

The Authority added that seasonally adjusted real GDP grew by 0.9% in the first quarter of 2025, compared to the fourth quarter of the previous year, 2024. This growth was due to a 4.9% increase in government activities, in addition to a 1.0% growth in non-oil activities, while oil activities declined by 1.2% quarter-on-quarter.