Commuters driving along a road in Riyadh. Photo for representational purposes only.
Riyadh: Saudi Arabia's real Gross Domestic Product (GDP) grew by 3.9% in the second quarter of 2025 compared to the same period in 2024, according to data from the Saudi General Authority for Statistics (GASTAT).
All major economic activities achieved annual growth, with non-oil activities rising by 4.6%, followed by oil activities at 3.8%, while government activities grew by 0.6%.
Non-oil activities were the main contributor to growth, adding 2.6 percentage points, with oil activities and net taxes on products contributing positively by 0.9 and 0.3 percentage points, respectively, the Saudi Press Agency said, citing a statement from GASTAT.
Compared to the first quarter of 2025, seasonally adjusted real GDP grew by 1.7%, with oil activities being the largest contributor at 1.3 percentage points, followed by non-oil activities with a contribution of 0.4 percentage points, the statement continued.
At the sectoral level, electricity, gas, and water activities recorded the highest annual growth at 10.3%, followed by financial and insurance services and business services at 7.0%, and wholesale and retail trade, restaurants, and hotels at 6.6%.
