RIYADH: Saudi Arabia’s real gross domestic product expanded by 3 percent year on year in the first quarter of 2026, supported by growth across all major economic activities, official data showed.
According to the latest report by the General Authority for Statistics, both oil and non-oil activities grew 2.9 percent annually in the three months to March 31, while government activities increased 1.5 percent.
Non-oil activities contributed 1.7 percentage points to overall GDP growth, the largest share among the economy’s major sectors, as the Kingdom seeks to diversify its revenue streams as part of its Vision 2030 strategy.
The data also broadly align with projections from the Organization for Economic Co-operation and Development, which expects the Kingdom’s economy to grow by 3.2 percent this year before accelerating to 4.3 percent in 2027.
In its latest report, GASTAT noted that on a seasonally adjusted basis, GDP decreased by 1.2 percent in the first quarter of 2026 compared to the fourth quarter of 2025.
