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GASTAT: Saudi economy records 3.0% growth in Q1 of 2026

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09-06-2026

‌This policy aims to ensure the implementation of the integrated administrative systems requirements within GASTAT by tracking and following up to achieve the strategic objectives of GASTAT and maintaining the satisfaction of the beneficiaries through the provision of high-quality services and full compliance with the regulatory and legislative requirements as follows:
The General Authority for Statistics (GASTAT) released the Gross Domestic Product (GDP) Publication for Q1 of 2026. According to the publication 's results, real GDP recorded a growth rate of 3.0% compared with the corresponding quarter of 2025. This growth was driven by a 2.9% increase in both oil and non-oil activities, in addition to a 1.5% rise in government activities. On a seasonally adjusted basis, real GDP declined by 1.2% in Q1 of 2026 compared with Q4 of 2025.
The results also showed that non-oil activities were the main contributor to real GDP growth in Q1 of 2026, contributing 1.7 percentage points. Oil activities contributed 0.8 percentage points, while government activities and net taxes on products contributed positively by 0.3 and 0.2 percentage points, respectively.
It is worth noting that all economic activities recorded positive year-on-year growth rates. Financial and insurance activities, along with business services, posted the highest growth rate in Q1 of 2026 at 5.4%, followed by manufacturing activities excluding oil refining, which grew by 4.0%.
 

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