Saudi GDP Grows 3.4Pct

2025-06-09 10:02:15

(MENAFN- The Peninsula) QNA

Riyadh: Saudi Gross Domestic Product (GDP) for the first quarter of 2025 achieved a 3.4% growth compared to the same quarter in 2024.

In its report today, the Saudi General Authority for Statistics (GASTAT) stated that this growth was driven by a 4.9% increase in non-oil activities and a 3.2% rise in government activities.

Oil activities recorded a 0.5% decline. Meanwhile, on a seasonally adjusted basis, real GDP increased by 1.1% 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% and quarterly growth of 0.7%.

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