Saudi Arabia’s economy expanded 3.0% year-on-year in the first quarter of 2026, revised higher from a preliminary estimate of 2.8% but slowing from 5.0% growth in the previous period. This marks the softest economic expansion since the second quarter of 2024, as growth in oil activities slowed to 2.9% from 10.8% in Q4, pressured by ongoing US–Iran tensions that disrupted shipping through the Strait of Hormuz, a critical chokepoint for about 20% of global oil and LNG trade. Non-oil activities also rose at a softer pace of 2.9%, down from 4.6% in the prior quarter. Meanwhile, government activities rebounded by 1.5%, following a 1.2% contraction in the previous period. On a quarterly basis, the economy contracted by 1.2% in Q1, primarily due to a 6.8% decline in oil activities, which was partially offset by increases of 1.4% in government activities and 0.3% in non-oil activities. source: General Authority for Statistics, Saudi Arabia

The Gross Domestic Product (GDP) in Saudi Arabia expanded 3 percent in the first quarter of 2026 over the same quarter of the previous year. GDP Annual Growth Rate in Saudi Arabia averaged 4.13 percent from 1969 until 2026, reaching an all time high of 24.20 percent in the fourth quarter of 1973 and a record low of -20.70 percent in the fourth quarter of 1982. This page provides the latest reported value for - Saudi Arabia GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Saudi Arabia GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on June of 2026.

The Gross Domestic Product (GDP) in Saudi Arabia expanded 3 percent in the first quarter of 2026 over the same quarter of the previous year. GDP Annual Growth Rate in Saudi Arabia is expected to be 3.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Saudi Arabia GDP Annual Growth Rate is projected to trend around 3.50 percent in 2027 and 3.40 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-04-30 06:00 AM
YoY Prel
Q1 2.8% 5% 3.8%
2026-06-09 06:00 AM
YoY Final
Q1 3.0% 5.2% 2.8% 2.8%
2026-07-30 06:00 AM
YoY Prel
Q2 3% 3.8%


Related Last Previous Unit Reference
Full Year GDP Growth 4.50 2.70 percent Dec 2025
GDP Growth Rate YoY 3.00 5.20 percent Mar 2026
GDP Constant Prices 1242719.00 1274718.00 SAR Million Mar 2026
GDP from Agriculture 30178.00 28986.00 SAR Million Mar 2026
GDP from Construction 91307.00 98574.00 SAR Million Mar 2026
GDP from Manufacturing 210858.00 196425.00 SAR Million Mar 2026
GDP from Mining 248325.00 276933.00 SAR Million Mar 2026
GDP from Transport 72119.00 74623.00 SAR Million Mar 2026
GDP from Utilities 8082.00 12607.00 SAR Million Mar 2026
GDP Growth Non Oil Sector 2.86 4.61 percent Mar 2026
GDP Growth Oil Sector 2.87 10.81 percent Mar 2026
GDP Growth Rate -1.50 1.40 percent Mar 2026
Gross Fixed Capital Formation 339404.00 336580.00 SAR Million Mar 2026


Saudi Arabia GDP Annual Growth Rate
Saudi Arabia is the world´s biggest producer of oil and oil extraction accounts for 46 percent of GDP. The services sector represents 36 percent of the wealth including government services (13 percent), wholesale and retail trade and restaurants and hotels (8 percent) and financing, insurance and real estate (7.9 percent). Other sectors are: manufacturing (10 percent), construction and electricity, gas and water distribution (6 percent) and agriculture, forestry and fishing (2 percent).
Actual Previous Highest Lowest Dates Unit Frequency
3.00 5.20 24.20 -20.70 1969 - 2026 percent Quarterly
Constant Prices, 2023

News Stream
Saudi Arabia GDP Growth Softest in Almost Two Years
Saudi Arabia’s economy expanded 3.0% year-on-year in the first quarter of 2026, revised higher from a preliminary estimate of 2.8% but slowing from 5.0% growth in the previous period. This marks the softest economic expansion since the second quarter of 2024, as growth in oil activities slowed to 2.9% from 10.8% in Q4, pressured by ongoing US–Iran tensions that disrupted shipping through the Strait of Hormuz, a critical chokepoint for about 20% of global oil and LNG trade. Non-oil activities also rose at a softer pace of 2.9%, down from 4.6% in the prior quarter. Meanwhile, government activities rebounded by 1.5%, following a 1.2% contraction in the previous period. On a quarterly basis, the economy contracted by 1.2% in Q1, primarily due to a 6.8% decline in oil activities, which was partially offset by increases of 1.4% in government activities and 0.3% in non-oil activities.
2026-06-09
Saudi Arabia GDP Growth Decelerates in Q1
Saudi Arabia’s economy expanded 2.8% year-on-year in the first quarter of 2026, slowing sharply from a 5% growth in the previous quarter, preliminary data showed. This marked the weakest pace of expansion since the second quarter of 2024, weighed down by tensions between the US and Iran that disrupted shipping through the Strait of Hormuz, a key route for roughly 20% of global oil and LNG supply. Growth in non-oil activities (2.8% vs 4.3% in Q4) and oil activities (2.3% vs 10.8%) decelerated sharply. Meanwhile, government activities rose 1.5%, rebounding from a 1.2% decline in the prior period. On a quarterly basis, GDP fell 1.5%, the first decline since the third quarter of 2023, following a 1.4% increase in the previous quarter. The IMF noted that the country is expected to be less heavily affected by the conflict than other Gulf states, given its ability to reroute part of its exports through alternative channels, alongside the relative resilience of its non-oil industrial sector.
2026-04-30
Saudi Arabia GDP Growth Rate Revised Up in Q4
Saudi Arabia’s economy grew 5% year-on-year in Q4 2025, marking the fastest pace in a year and slightly above preliminary estimates of 4.9%, following a 4.8% rise in Q3. The non-oil sector expanded 4.3%, the same as in the previous quarter, while the oil sector surged 10.8%, up from 8.3% in Q3. By activity, crude petroleum and natural gas extraction posted the largest gain in Q4 (12.4%), followed by wholesale and retail trade, restaurants, and hotels (5.4%), petroleum refining (5%), manufacturing excluding petroleum refining (5%), and finance, insurance, and business services (4.5%). Government activities, in contrast, contracted 1.2%, after a 1.4% rise in Q3. For the full year 2025, Saudi Arabia’s economy expanded 4.5%, accelerating from 2.7% growth in 2024.
2026-03-09