According to estimates from the Saudi General Authority for Statistics, the Kingdom’s real gross domestic product (GDP) grew by 1.3% in 2024 compared to the previous year. This growth is attributed to a 4.3% rise in non-oil activities and a 2.6% increase in government activities, while oil activities declined by 4.5%.
Non-oil activities saw a 4.6% growth, alongside a 3.4% rise in oil activities and a 2.2% increase in non-government activities. Seasonally adjusted real GDP achieved a 0.3% growth in the fourth quarter of 2024 compared to the third quarter of the same year.
