Saudi GDP Contracts 4.7% in Q2 as Oil Activity Falls 24.8%

Saudi non-oil activities up 0.9% in Q2: GASTAT

RIYADH: Saudi Arabia’s non-oil activities expanded 0.9 percent year on year in the second quarter of 2026, even as the Kingdom’s real gross domestic product declined by 4.7 percent during the same period, official data showed. According to the latest estimates from the General Authority for Statistics, government and non-oil activities both saw annual growth of 0.9 percent in the second quarter, while oil activities fell 24.8 percent, weighing o…

Saudi GDP contracts 4.7% in Q2 as oil activity falls 24.8%

Saudi Arabia's real GDP declined 4.7% year-on-year in Q2 2026 as oil activities fell 24.8%, while non-oil and government activities each grew 0.9%.

Saudi Arabia's non-oil economy stays resilient with 0.9 percent Q2 growth

Saudi Arabia’s non-oil economy remained in expansion territory during the second quarter of 2026, providing a measure of resilience as disruption to oil production and exports weighed heavily on overall economic activity. Non-oil activities grew 0.9 percent year on year in the April-June period.  The latest reading improves on the 0.6 percent growth initially estimated […]