Saudi economy expands 3.9% in Q2, driven by non-oil activity

RIYADH: Saudi Arabia’s economy expanded by 3.9 percent year on year in the second quarter of 2025, led by a strong performance in non-oil sectors, official data showed.

According to flash estimates from the General Authority for Statistics, growth in non-oil activities reached 4.7 percent, outpacing the 3.8 percent expansion in the oil sector and a 0.6 percent rise in government services.

The non-oil sector contributed the largest share to GDP growth, adding 2.7 percentage points, followed by oil activities at 0.9 percentage points.

Government activities and net taxes on products each contributed 0.1 and 0.2 percentage points, respectively, to the overall expansion.

The data aligns with the macroeconomic outlook from S&P Global Ratings, which projects Saudi Arabia’s real GDP to grow at an average rate of 3.5 percent between 2025 and 2028, surpassing the 0.8 percent growth recorded in 2024.

Saudi economy expands 3.9% in Q2, driven by non-oil activity

Related reading

Non-oil sector drives Saudi Arabia’s GDP growth to 3.4% in Q1: GASTAT

Saudi Arabia’s real GDP grows 5% in Q3: GASTAT

Saudi GDP grows 4.5% in 2025: GASTAT

Saudi non-oil sector to drive 3.5% annual GDP growth through 2028: S&P Global

Saudi Arabia’s economy to grow by 4.5% in 2026 on non-oil gains, report says

Saudi non-oil revenues rise to $40bn in Q2, on par with oil earnings