Saudi GDP falls 4.7% in Q2 2026

The Kingdom of Saudi Arabia's flag

Saudi Arabia's real gross domestic product (GDP) fell 4.7% year-on-year (YoY) in the second quarter of 2026, according to flash estimates released by the General Authority for Statistics (GASTAT).

GASTAT said it adopted the chain-linking methodology in national accounts to calculate real GDP.

It issued the Q4 2023 and 2023 annual bulletins based on the new methodology, replacing the previous approach, which used a fixed base year.

The chain-linking methodology is a dynamic approach used to measure economic growth, particularly real growth in national accounts.

 It uses the previous year’s weights and prices for the year being measured, providing a more accurate measure across consecutive periods and better reflecting current economic conditions.

According to the results, oil activities declined 24.8% YoY, while non-oil activities and government activities each grew 0.9%.

*Chain-linking methodology is non-additive, component values may not sum to the corresponding totals.

Saudi GDP at current prices grew by 7.5% YoY in Q2 2026 to SAR 1.26 trillion.

The non-oil sector grew by 3.0%, while the private sector expanded by 3.1%. Meanwhile, the oil sector grew by 25.0%.

*Data are updated in line with publications issued by GASTAT.