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Saudi Arabia’s real GDP grows 3% in Q1 2026
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Content Summary: 
All economic activities recorded positive YoY growth in Q1 2026: GASTAT
Saudi Arabia’s real gross domestic product (GDP) grew 3% in the first quarter of 2026, compared with the same period a year earlier, according to the General Authority for Statistics (GASTAT).
GASTAT earlier announced it adopted the moving chain methodology in calculating the real GDP and issued the Q4 2023 bulletin based on the new methodology, transitioning from the traditional fixed base-year methodology.
The moving chain methodology is a dynamic approach used to measure economic growth rates, specifically in estimating real growth rates for national accounts. This approach uses weights and prices from the year prior to the year of measurement to provide a measurement across contiguous time periods, accurately reflecting the current economic conditions of any country using this methodology.
According to the data, all economic activities recorded positive year-on-year (YoY) growth in Q1 2026. Oil activities rose 2.9%, while non-oil activities also increased 2.9%. Government activities expanded 1.5%.
|
GDP by Regulatory Sectors (Moving Chain Methodology) (SAR bln) |
|||
|
Sector |
Q1 2025 |
Q1 2026 |
Change |
|
Oil Activities |
297.75 |
306.30 |
2.9% |
|
Non-Oil Activities |
670.36 |
689.54 |
2.9% |
|
Government Activities |
173.86 |
176.38 |
1.5% |
|
Total Value Added |
1143.17 |
1176.77 |
2.9% |
|
Net Product Tax |
63.35 |
65.93 |
4.1% |
|
GDP |
1206.5 |
1242.72 |
3.0% |
By regulatory sectors, the oil sector expanded 2.8% YoY in Q1 2026, while the non-oil sector grew 2.6%. The private sector posted growth of 2.8%.
|
GDP by Regulatory Sectors (SAR bln) |
|||
|
Sector |
Q1 2025 |
Q1 2026 |
Change (%) |
|
Oil Sector |
300.92 |
309.45 |
2.8% |
|
Non-Oil Sector |
840.99 |
862.58 |
2.6% |
|
Government Sector |
224.49 |
228.57 |
1.8% |
|
Private Sector |
616.51 |
634.03 |
2.8% |
|
Gross Value-Added |
1143.17 |
1176.77 |
2.9% |
|
Net Taxes on Products |
63.35 |
65.93 |
4.1% |
|
GDP |
1206.50 |
1242.72 |
3.0% |
Meanwhile, GDP at current prices rose 6.3% YoY in Q1 2026 to SAR 1.27 trillion.
The non-oil sector expanded 4.1%, while the private sector grew 4.4%. Oil activities recorded a stronger increase of 12.1%.
|
GDP by Institutional Sector at Current Prices (SAR bln)* |
|||
|
Sector |
Q1 2025 |
Q1 2026 |
Change (%) |
|
Oil Sector |
271.22 |
304.11 |
12.1% |
|
Non-Oil Sector |
864.31 |
899.89 |
4.1% |
|
Government Sector |
222.12 |
229.66 |
3.4% |
|
Private Sector |
642.20 |
670.23 |
4.4% |
|
Gross Value-Added |
1135.53 |
1204.00 |
6.0% |
|
Net Taxes on Products |
63.12 |
69.82 |
10.6% |
|
GDP |
1198.65 |
1273.82 |
6.3% |
|
GDP Growth (Chain-Linking Methodology) |
||
|
Period |
QoQ with Seasonal Adjustments |
YoY |
|
Q1 2018 |
+0.2% |
+2.7% |
|
Q2 2018 |
+1.3% |
+3.9% |
|
Q3 2018 |
+0.4% |
+3.1% |
|
Q4 2018 |
+1.4% |
+3.2% |
|
Q1 2019 |
+0.2% |
+2.8% |
|
Q2 2019 |
(0.1%) |
+1.7% |
|
Q3 2019 |
(0.6%) |
+1.4% |
|
Q4 2019 |
+1.1% |
+0.7% |
|
Q1 2020 |
(2.2%) |
(1.3%) |
|
Q2 2020 |
(5.1%) |
(7.3%) |
|
Q3 2020 |
+2.5% |
(3.7%) |
|
Q4 2020 |
+1.9% |
(2.9%) |
|
Q1 2021 |
+1.6% |
+1.7% |
|
Q2 2021 |
+1.0% |
+6.9% |
|
Q3 2021 |
+4.1% |
+8.5% |
|
Q4 2021 |
+2.5% |
+9.0% |
|
Q1 2022 |
+4.2% |
+11.2% |
|
Q2 2022 |
+2.6% |
+14.5% |
|
Q3 2022 |
+2.3% |
+13.0% |
|
Q4 2022 |
+0.3% |
+9.6% |
|
Q1 2023 |
+0.04% |
+5.5% |
|
Q2 2023 |
(0.4%) |
+2.7% |
|
Q3 2023 |
(2.6%) |
(2.6%) |
|
Q4 2023 |
+0.3% |
(3.0%) |
|
Q1 2024 |
+2.6% |
+0.4% |
|
Q2 2024 |
+1.1% |
+1.2% |
|
Q3 2024 |
+0.4% |
+3.9% |
|
Q4 2024 |
+1.0% |
+5.2% |
|
Q1 2025 |
+1.1% |
+3.6% |
|
Q2 2025 |
+1.8% |
+4.3% |
|
Q3 2025 |
+1.2% |
+5.2% |
|
Q4 2025 |
+1.3% |
+5.2% |
|
Q1 2026 |
(1.2%) |
+3.0% |
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