Non-Oil Growth Drives Saudi Economic Expansion in Q2

Non-Oil Growth Drives Saudi Economic Expansion in Q2

Saudi Arabia’s economy expanded by nearly 4% in the second quarter from a year earlier, thanks to rising non-oil economic growth and the return of growth in the oil sector as the Kingdom is boosting its crude production.  Real gross domestic product (GDP) rose by 3.9% in the second quarter compared to the same period of 2024, thanks to 4.7% growth in non-oil activities and a 3.8% increase in the oil sector, according to flash estimates by the Ge…

Saudi economy thrives with robust non-oil expansion

GDP grows 4% in second quarter IMF raises Saudi growth forecast Vision 2030 drives progress The Saudi economy expanded for the fifth straight quarter, driven by non-oil growth, the latest government figures showed. GDP expanded 3.9 percent year on year in the second quarter of 2025, up from Q1 when growth hit 3.3 percent, according to flash estimates released by the General Authority for Statistics. The increase came primarily from the expansion…

Saudi Arabia's rating upward revision depends on non-oil sector's performance: S&P

The Kingdom’s economy is expected to grow at 3.5% from 2025 to 2028