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Riyadh city
Saudi Arabia’s real GDP increased by 2.7% in the first quarter of 2025, compared to the same period in 2024, according to the General Authority for Statistics (GASTAT).
GASTAT stated that the GDP growth was driven by a 4.2% rise in non-oil activities, while government activities grew by 3.2%. In contrast, oil activities saw a 1.4% year-on-year (YoY) decline.
The authority began publishing flash estimates of quarterly GDP starting from Q3 2020, in order to provide timely information about the Saudi economy to decision-makers and users.
GASTAT defines flash estimates of quarterly GDP as the process of estimating quarterly national accounts shortly after the end of the reference quarter, at a time when the data for that period is still incomplete.
The table below shows Saudi GDP growth since 2018:
|
GDP Growth (Chain-Linked Methodology) |
||
|
Period |
QoQ with Seasonal Adjustments |
YoY |
|
Q1 2018 |
+1.8% |
+2.4% |
|
Q2 2018 |
+0.1% |
+2.9% |
|
Q3 2018 |
+1.0% |
+3.1% |
|
Q4 2018 |
+1.0% |
+4.3% |
|
Q1 2019 |
(0.8%) |
+1.3% |
|
Q2 2019 |
+0.7% |
+1.6% |
|
Q3 2019 |
(0.3%) |
(0.9%) |
|
Q4 2019 |
+1.0% |
+0.6% |
|
Q1 2020 |
(2.7%) |
(0.8%) |
|
Q2 2020 |
(4.0%) |
(7.1%) |
|
Q3 2020 |
+2.0% |
(3.8%) |
|
Q4 2020 |
+1.5% |
(2.7%) |
|
Q1 2021 |
+0.4% |
+0.5% |
|
Q2 2021 |
+1.6% |
+5.1% |
|
Q3 2021 |
+3.1% |
+6.3% |
|
Q4 2021 |
+2.0% |
+8.4% |
|
Q1 2022 |
+2.2% |
+7.5% |
|
Q2 2022 |
+1.2% |
+9.1% |
|
Q3 2022 |
+1.2% |
+8.0% |
|
Q4 2022 |
+1.5% |
+5.6% |
|
Q1 2023* |
+0.6% |
+5.7% |
|
Q2 2023* |
(0.7%) |
+2.6% |
|
Q3 2023* |
(2.9%) |
(2.8%) |
|
Q4 2023* |
+0.1% |
(2.9%) |
|
Q1 2024* |
+2.9% |
(0.6%) |
|
Q2 2024* |
+0.4% |
+0.5% |
|
Q3 2024* |
+0.1% |
+2.9% |
|
Q4 2024* |
+0.8% |
+4.4% |
|
Q1 2025 |
+0.9% |
+2.7% |
*Data updated as per GASTAT reports
The table below shows the GDP by sectors at current prices:
GDP by Sector in Q1 2025
|
Sector |
QoQ with Seasonal Adjustments |
YoY |
|
Oil |
(1.2%) |
(1.4%) |
|
Non-Oil |
+1.0% |
+4.2% |
|
Government |
+4.9% |
+3.2% |
|
GDP |
+0.9% |
+2.7% |
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