Saudi Gazette report

RIYADH — Saudi Arabia's real Gross Domestic Product (GDP) recorded a 3.4 percent growth during the first quarter of 2025 compared to the same quarter in 2024. This growth was driven by a 4.9 percent increase in non-oil activities and a 3.2 percent rise in government activities, according to the report, released by the General Authority for Statistics (GASTAT) on Monday.

The report showed that oil activities recorded a 0.5 percent decline. Meanwhile, on a seasonally adjusted basis, real GDP increased by 1.1 percent compared to the fourth quarter of 2024. The results showed that non-oil activities were the primary contributors to real GDP growth on an annual basis, adding 2.8 percentage points. Government activities and net product taxes also contributed positively, with 0.5 and 0.2 percentage points, respectively.

GASTAT noted that most economic activities achieved positive growth rates on an annual basis. Wholesale and retail trade, restaurants, and hotels recorded the highest growth rates during the first quarter of 2025, with annual growth of 8.4 percent and quarterly growth of 0.7 percent.