Saudi Arabia's real Gross Domestic Product (GDP) grew 3.9 per cent in the second quarter of 2025 compared with the same period in 2024, driven mainly by a 4.6 per cent expansion in non-oil activities, according to the General Authority for Statistics. Quarterly, seasonally adjusted GDP rose 1.7 per cent. Non-oil activities were the largest contributor to growth, adding 2.6 percentage points, while oil activities contributed 0.9 points and net taxes 0.3 points. By sector, electricity, gas and water activities recorded the highest annual growth at 10.3 per cent, followed by finance, insurance and business services at 7 per cent, and wholesale and retail trade, restaurants and hotels at 6.6 per cent. Private consumption rose 4.1 per cent year-on-year and 2 per cent quarter-on-quarter, while gross fixed capital formation fell 0.8 per cent annually and 6.5 per cent quarterly. Government consumption declined 2.5 per cent year-on-year. Exports grew 3.6 per cent, outpaced by imports which rose 9 per cent. Attribution: Amwal Al Ghad English Subediting: Y.Yasser Download
