Saudi Arabia’s real GDP grew by 3.0% in the first quarter of 2026 compared to the same period last year, strongly supported by a 2.9% expansion in non-oil activities. According to the latest GDP bulletin from the General Authority for Statistics (GASTAT), non-oil activities were the primary driver of this annual growth, contributing 1.7 percentage points to the total. Financial services, insurance, and business services recorded the strongest performance with a 5.4% increase, highlighting the Kingdom’s successful economic diversification under Vision 2030 and reinforcing positive market confidence for international investors.
