A report issued by the Saudi General Authority for Statistics showed that the Kingdom's real GDP grew by 3.4 percent in the first quarter of 2025, compared to the same quarter in 2024. This growth was driven by a 4.9 percent growth in non-oil activities, in addition to a 3.2 percent growth in government activities, while oil activities witnessed a decline of 0.5 percent.
Compared to the fourth quarter of 2024, seasonally adjusted real GDP grew by 1.1 percent. Non-oil activities were the main contributor to real GDP growth on an annual basis, contributing 2.8 percentage points. Government activities and net product taxes also contributed positively by 0.5 and 0.2 percentage points, respectively.
Source (Al Arabiya.net, edited)
