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Saudi Arabia’s real gross domestic product (GDP) grew by 3.4 per cent in Q1 2025 compared to the same period in 2024, according to new data released by the General Authority for Statistics (GASTAT) on Saturday.
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, the report showed.
Meanwhile, oil activities saw a slight decline of 0.5 per cent year-on-year.
On a seasonally adjusted basis, real GDP grew by 1.1 per cent compared to Q4 2024.
Saudi Arabia’s non-oil activities were key contributors
GASTAT highlighted that non-oil activities were the main contributor to the annual GDP expansion, adding 2.8 percentage points.
Government activities contributed 0.5 percentage points, while net product taxes added 0.2 percentage points.
The authority also noted broad-based economic growth, with most sectors reporting positive annual growth.
Wholesale and retail trade, along with restaurants and hotels, posted the highest annual growth among all sectors, rising by 8.4 per cent year-on-year and 0.7 per cent quarter-on-quarter.
