S. Arabia’s real GDP sees rises in Q1 ’25

Saudi Arabia’s real GDP grew by 3.4 per cent in the first quarter of 2025 compared to the same period in 2024, according to the General Authority for Statistics (GASTAT).

The growth was primarily driven by a 4.9 per cent increase in non-oil activities and a 3.2 per cent rise in government activities, while oil activities declined by 0.5 per cent year-on-year (YoY). On a quarterly basis, seasonally adjusted real GDP increased by 1.1 per cent from the fourth quarter of 2024.

Non-oil activities contributed 2.8 percentage points to the annual GDP growth, while government activities and net taxes on products contributed 0.5 and 0.2 percentage points, respectively.

Most economic sectors recorded positive annual growth, with wholesale and retail trade, restaurants, and hotels showing the strongest performance, growing 8.4 per cent YoY and 0.7 per cent quarter-on-quarter (QoQ).

Attribution: Amwal Al Ghad English
Subediting: M. S. Salama