Saudi Arabia’s oil sector economy expanded 2.9% year-on-year in Q1 2026, easing from 10.8% growth in the previous period. GDP Growth Oil Sector in Saudi Arabia averaged 1.78 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	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 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).