Oil activities in Saudi Arabia increased 2.3% year-on-year in the first quarter of 2026, decelerating sharply from a 10.8% rise in the previous quarter, preliminary data showed. GDP Growth Oil Sector in Saudi Arabia averaged 1.77 percent from 2011 until 2026, reaching an all time high of 22.51 percent in the second quarter of 2022 and a record low of -16.22 percent in the fourth quarter of 2023. source: General Authority for Statistics, Saudi Arabia

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 Growth Oil Sector

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).