The Saudi economy experienced significant growth in the first quarter of 2026, with real GDP increasing by 3.0% compared to the same period in 2025. This growth stems from a balanced improvement across various economic activities, including both oil and non-oil sectors.
Recent data indicates that oil-related activities grew by 2.9%, while non-oil activities matched this growth rate at 2.9%. Additionally, government activities contributed to this growth with an increase of 1.5%. However, on a quarterly basis, real GDP declined by 1.2% compared to the fourth quarter of 2025, according to the General Authority for Statistics.
The report highlights that non-oil activities played a crucial role in driving growth, contributing 1.7 percentage points. Oil activities followed with a contribution of 0.8 percentage points. Government activities and net taxes on products added 0.3 and 0.2 percentage points, respectively. This diversity in growth drivers reflects a robust economic landscape.
According to the Saudi Press Agency (SPA), all economic activities recorded positive growth rates year-on-year. Financial services, insurance, and business services led the way, achieving a remarkable growth rate of 5.4%. The manufacturing sector, excluding oil refining, also showed strong performance with a growth rate of 4.0%. This ongoing growth signals a resilient Saudi economy capable of adapting to global changes.
The post Saudi Economy Grows 3% in Q1 2026 appeared first on Yemen TV.
To follow the news in Arabic
Health Minister Launches Blood Donation Campaign in Aden Dr. Qassem Baheeb, the Minister of Public…
Yemeni Foreign Minister Discusses Maritime Security with Somali Counterpart Yemeni Foreign Minister Dr. Afrah Al-Zouba…
Governor of Abyan Leads Meeting with Local Authority and Executive Office Governor of Abyan, Major…
Discussions on Political and Security Developments Member of the Presidential Leadership Council and Governor of…
Launch of Solar Energy System in Al-Salam Village Medical Center On Sunday, the Minister of…
Yemen Participates in the 52nd Arab Labor Conference in Cairo The Republic of Yemen participated…