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. source: General Authority for Statistics, Saudi Arabia

The Gross Domestic Product (GDP) in Saudi Arabia expanded 2.80 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 May of 2026.

The Gross Domestic Product (GDP) in Saudi Arabia expanded 2.80 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
2026-03-09 11:40 AM
YoY Final
Q4 5% 4.8% 4.9% 4.9%
2026-04-30 06:00 AM
YoY Prel
Q1 2.8% 5% 3.8%
2026-06-09 06:00 AM
YoY Final
Q1 5% 2.8% 2.8%


Related Last Previous Unit Reference
Full Year GDP Growth 4.50 2.70 percent Dec 2025
GDP Growth Rate YoY 2.80 5.00 percent Mar 2026
GDP Constant Prices 1272528.00 1222872.00 SAR Million Dec 2025
GDP from Agriculture 28965.00 31851.00 SAR Million Dec 2025
GDP from Construction 98592.00 93768.00 SAR Million Dec 2025
GDP from Manufacturing 195753.00 193740.00 SAR Million Dec 2025
GDP from Mining 276952.00 268336.00 SAR Million Dec 2025
GDP from Transport 74572.00 63680.00 SAR Million Dec 2025
GDP from Utilities 12607.00 30980.00 SAR Million Dec 2025
GDP Growth Non Oil Sector 2.83 4.29 percent Mar 2026
GDP Growth Oil Sector 2.29 10.81 percent Mar 2026
GDP Growth Rate -1.50 1.40 percent Mar 2026
Gross Fixed Capital Formation 342875.00 342270.00 SAR Million Dec 2025


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
2.80 5.00 24.20 -20.70 1969 - 2026 percent Quarterly
Constant Prices, 2023

News Stream
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
Saudi Arabia Q4 GDP Growth Strongest in A Year
Saudi Arabia’s economy advanced by 4.9% year-on-year in the fourth quarter of 2025, accelerating slightly from 4.8% expansion in the previous period, according to preliminary estimates. This marked the strongest economic expansion since the fourth quarter of 2024, mainly supported by growth in oil activities, which surged 10.4%, following an 8.3% increase in the prior quarter. Meanwhile, non-oil activities continued to expand (4.1% vs 4.3% in Q3). By contrast, government activities contracted by 1.2%, reversing from a 1.4% gain in the previous quarter. On a seasonally adjusted quarterly basis, GDP expanded 1.1%, slowing from the 1.4% expansion recorded in the September quarter and marking the softest growth in three quarters. For the full year of 2025, the economy grew by 4.5% after a 2.7% gain in 2024, with all sectors posting expansions: oil activities grew 5.6%, followed by non-oil activities at 4.9% and government activities at 0.9%.
2026-02-01