Saudi GDP achieves a growth of 3.4% in the first quarter
Riyadh, June 9 / WAM / The Kingdom of Saudi Arabia recorded a strong growth in its real GDP by 3.4% during the first quarter of 2025, compared to the same quarter of last year, according to the data of the General Authority for Statistics.
The Saudi Press Agency stated that this positive performance came mainly driven by the great momentum in non -oil activities that recorded a remarkable growth of 4.9%.
According to the authority’s report issued today, non -oil activities of 2.8 percentage points contributed to the total growth rate, which confirms its pivotal role as a leader of economic growth in the Kingdom, and government activities supported this growth by expanding by 3.2%, while oil activities recorded a slight decrease of 0.5%.
On a quarterly basis, the real GDP, a 1.1% growth season, achieved 1.1% compared to the fourth quarter of 2024.
The activities of “wholesale and retail, restaurants and hotels” emerged as the highest growth on an annual basis, as they recorded an average of 8.4%, which reflects the vitality witnessed by the service and consumer sectors in the Kingdom.
– Khal –
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