Saudi Arabia reports 2.8% GDP growth in Q1 2026 driven by non-oil sector
Here's what it means for you.
Saudi Arabia's economic resilience highlights the potential for diversification beyond oil dependency.
What happened
Saudi Arabia's GDP grew by 2.8% year-on-year in Q1 2026.
The Context
- Non-oil sector growth: Contributed significantly to GDP growth, accounting for 1.7 percentage points.
- Oil activities: Showed a modest growth of 2.3%, while government activities increased by 1.5%.
- Quarterly decline: Adjustments revealed a 1.5% decline in GDP, primarily due to a 7.2% contraction in oil activities.
Takeaway
The ongoing growth in the non-oil sector suggests a potential shift towards a more diversified economy in Saudi Arabia.
Pan-Arab news coverage spanning politics, business, sports, and regional affairs.
"Asharq Al-Awsat reflects a broad Arab editorial perspective with strong attention to regional geopolitics."
— A47 Editor
الاقتصاد السعودي يتحدى الضغوط وينمو 2.8 % برافعة الأنشطة غير النفطية
The Saudi economy has demonstrated resilience by achieving a 2.8% growth rate, driven primarily by non-oil activities, despite facing regional challenges and fluctuations in the oil sector. This performance highlights the strength of the Kingdom's ec...
English-language reporting on Saudi politics, policy, and society.
"Saudi Gazette reflects mainstream Saudi institutional perspectives."
— A47 Editor
Saudi GDP grows 2.8% in Q1 2026, driven by non-oil sector
Saudi Arabia's GDP grew by 2.8% year-on-year in the first quarter of 2026, driven primarily by a robust non-oil sector, which contributed 1.7 percentage points to total GDP growth. Oil activities rose by 2.3%, while government activities expanded by ...
English-language reporting focused on Saudi Arabia and regional affairs.
"Saudi Gazette provides English-language coverage that often aligns with mainstream Saudi news priorities."
— A47 Editor
Saudi GDP grows 2.8% in Q1 2026, driven by non-oil sector
Saudi Arabia's GDP grew by 2.8% year-on-year in the first quarter of 2026, driven primarily by a robust non-oil sector, which contributed 1.7 percentage points to total GDP growth. Oil activities rose by 2.3%, while government activities expanded by ...
Sports reporting with a focus on Saudi and regional competitions.
"Okaz sports coverage is broad and audience-friendly, with strong attention to Saudi teams and leagues."
— A47 Editor
«الإحصاء»: نمو الناتج المحلي 2.8% في الربع الأول 2026
The real GDP of the Kingdom recorded a growth of 2.8% in the first quarter of 2026 compared to the same period in 2025, according to rapid estimates from the General Authority for Statistics. This growth is attributed to increases in all major econom...