Saudi Arabia’s oil sector activity plunged 20.4% year-on-year in the third quarter of 2026, preliminary data showed. This was an improvement from a 24.8% contraction in the previous quarter, which marked the steepest decline since records began in 2011, as the US-Iran war disrupted the country's oil exports. source: General Authority for Statistics, Saudi Arabia

GDP Growth Oil Sector in Saudi Arabia averaged 1.00 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 -24.79 percent in the second quarter of 2026. This page includes a chart with historical data for Saudi Arabia GDP Growth Oil Sector. Saudi Arabia GDP Growth Oil Sector - values, historical data and charts - was last updated on November of 2026.

Related	Last	Previous	Unit	Reference
Full Year GDP Growth	4.50	2.70	percent	Dec 2025
GDP Growth Rate YoY	-3.80	-4.70	percent	Sep 2026
GDP Constant Prices	1141543.00	1242133.00	SAR Million	Jun 2026
GDP from Agriculture	30920.00	30196.00	SAR Million	Jun 2026
GDP from Construction	87862.00	91307.00	SAR Million	Jun 2026
GDP from Manufacturing	203803.00	205923.00	SAR Million	Jun 2026
GDP from Mining	183002.00	248325.00	SAR Million	Jun 2026
GDP from Transport	63503.00	71612.00	SAR Million	Jun 2026
GDP from Utilities	20575.00	8118.00	SAR Million	Jun 2026
GDP Growth Non Oil Sector	1.90	0.85	percent	Sep 2026
GDP Growth Oil Sector	-20.40	-24.79	percent	Sep 2026
GDP Growth Rate	1.30	-4.80	percent	Sep 2026
Gross Fixed Capital Formation	323645.00	339404.00	SAR Million	Jun 2026

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).