The Saudi economy grows 5% in the third quarter of 2025

Achieve the real GDP of the Kingdom of Saudi Arabia "Saudi economy" A growth of 5% during the third quarter of 2025, compared to the same quarter of last year.

According to rapid estimates conducted by the General Authority for Statistics, this increase is due to growth in all major economic activities.

Rise in non-oil activities

achieved Oil activities grew by 8.2%, recording Real gross domestic product contributed by 2.6 percentage points, while oil activities contributed by 2.0 percentage points, in addition to the contribution of both government activities and net taxes on products by 0.2 percentage points each.

The seasonally adjusted real gross domestic product achieved a growth of 1.4% in the third quarter of 2025 compared to the second quarter of the same year.

This growth is due to the increase in oil activities by 3.1%, in addition to the growth of government activities by 0.7%, and non-oil activities by 0.6% on a quarterly basis.

Oil activities contributed mainly to the growth of seasonally adjusted real GDP by 0.8 percentage points, and non-oil activities also contributed by 0.4 percentage points, in addition to the contribution of government activities and net taxes on products by 0.1 percentage points each.

The Saudi economy in 2024

The Statistics Authority revealed the growth rates of the real GDP for last year (the Saudi economy), which amounted to 2.7% compared to the year 2023.

According to the Authority, this increase is due to the growth of non-oil activities at a rate of 6.0%, and government activities at a rate of 3.3%, while oil activities decreased by 4.4%.

The General Authority for Statistics issued the annual national accounts bulletin for the year 2024 AD, which provides detailed data on the Saudi economy.

The bulletin contains estimates of the gross domestic product at current prices using the three approaches: (production, spending, and income) as well as sectoral accounts according to the System of National Accounts (SNA) (2008),
and national income tables and details of the components of the gross domestic product.

Consumer Spending

Government final consumer expenditure reached 1,004 trillion riyals, while spending on public services achieved the highest percentage. A contribution of 19.3%.

Spending on education came in second place with a rate of 18.7%, in addition to spending on defense with a rate of 17.8%, while spending on health contributed with a rate of 15.5%.

Family consumer spending

Family final consumption spending in the local market amounted to 2,136 trillion riyals, while spending on food and beverages accounted for the largest share of spending at 21.1%, followed by spending on housing and water. And electricity by 17.7%, then spending on transportation by 14.3%.

Spending on financial services and personal care contributed by 11.8%.

Fixed capital formation

The total fixed capital formation at current prices reached 1,441 trillion riyals during the year 2024 AD, and the non-financial sector achieved the highest contribution rate of 55.7%.

And in second place was: the household sector. The income sector contributed 28.8%, then the government sector contributed 14.6%, the financial sector contributed 0.9%, and finally the sector of non-profit organizations serving households contributed 0.1%. 8.8%, and net taxes on production contributed 6.4%.

Net Savings

Net savings in the Saudi economy amounted to 1,013 trillion riyals at current prices in 2024 AD, and the non-financial sector achieved the highest contribution rate of 41.3% of net savings, followed by the household sector with 22.9%, then the government sector with 21.7%, then the financial sector with 13.8%. Finally, the sector of non-profit organizations serving households has a contribution of 0.2%.

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