Saudi non-oil business confidence rises 2.2% in December 2025

08/01/2026 Argaam Special
The Kingdom of Saudi Arabia's flag

The Kingdom of Saudi Arabia's flag


Saudi Arabia’s non-oil business confidence index climbed 2.2% in December 2025 from November, according to data from the General Authority for Statistics (GASTAT).

 

The index reached 62 points in December, up from 60.7 points in November 2025, reflecting prevailing optimism across the private sector, supported by firms’ confidence in economic stability and continued growth across various industries.

 

GASTAT defines the business confidence index as a measure of perceptions and expectations regarding future developments in the non-oil sector, based on surveys covering output, inputs, employment, and business expansion plans.

 

Saudi Non-Oil Business Confidence Index Trends in 2025

Period

Index (points)

Monthly Change

Jan 2025

64.8

+3.7%

Feb

63.2

(2.5%)

Mar

61.8

(2.1%)

Apr

62.7

+1.5%

May

62.5

(0.3%)

Jun

61.5

(1.7%)

Jul

61.1

(0.6%)

Aug

60.8

(0.4%)

Sep

61.7

+1.5%

Oct

61.1

(1.1%)

Nov

60.7

(0.6%)

Dec

62.0

+2.2%

 

Non-oil business confidence strengthened across key sectors in December 2025, according to GASTAT.

 

The non-oil business confidence index posted broad-based gains in December 2025, with the industrial sector climbing 2.7% month-on-month (MoM) to 62.2 points, the services sector rising 2.3% to 62 points, and the construction sector advancing 1.8%, driving the overall index up 2.2% to 62 points.

 

Saudi Non-Oil Business Confidence Index Trends in 2025

Sector

Nov 2025

Dec 2025

Change

Industry

60.6

62.2

+2.7%

Services

60.6

62.0

+2.3%

Construction

60.7

61.8

+1.8%

Overall Non-Oil Business

60.7

62.0

+2.2%

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