Saudi Arabia Q2 GDP Growth Confirmed at 3.9%

Saudi Arabia’s economy grew by 3.9% year-on-year in the second quarter of 2025, in line with preliminary estimates and following a 3.4% expansion in the first quarter. The growth was largely supported by continued strength in non-oil activities, though the pace eased slightly to 4.6% from 4.9% in the previous quarter. In addition, oil activities rebounded sharply (3.8% vs -0.4% in Q1). In contrast, government activities slowed down (0.6% vs 3.2%). Across sectors, most posted growth, with notable gains in agriculture, forestry & fishing (4.5% vs 3.3%), mining & quarrying (4.2% vs -1.4%), electricity, gas & water (10.3% vs 2.0%), construction (3.8% vs 3.2%), and finance, insurance, real estate & business services (5.0% vs 4.2%). On a seasonally adjusted quarterly basis, GDP rose by 1.7% in the June quarter, after a 1.1% increase in the previous period.