Saudi Arabia’s economy grows 3.4% in early 2025, led by non-oil businesses

BY THE ARAB TODAY Jun 10, 2025

Saudi Arabia’s economy grows 3.4% in early 2025, led by non-oil businesses

Saudi Arabia’s economy grows 3.4% in early 2025, led by non-oil businesses

Saudi Arabia’s real GDP grew by 3.4% in the first quarter of 2025 compared to the same period last year, based on updated official data. This growth was mainly driven by the non-oil sector.

Economic Growth

New data released on Monday shows that the economy grew by 2.7% in the last quarter, which is the same as the earlier estimate shared last month.

Non-oil sectors in the country grew by 4.9% compared to the same time last year, and by 1% compared to the previous quarter, according to the General Authority for Statistics (GASTAT).

Government-related activities increased by 3.2% from last year and by 5.5% from the previous quarter. However, oil-related activities dropped by 0.5% from last year and by 1.2% from the previous quarter.

Financial, insurance, and business services grew by 5.5% compared to last year but slightly dropped by 0.1% from the previous quarter.

GASTAT also reported that most sectors showed yearly growth. The biggest increase was seen in wholesale and retail trade, restaurants, and hotels, which grew by 8.4%. Transport, storage, and communication sectors followed, growing by 6%.

Non-Oil Exports

Saudi Arabia’s non-oil exports, including re-exports, grew by 13.4% in the first quarter of 2025 compared to the same time last year. In contrast, oil exports dropped by 8.4% during the same period.

Because of the drop in oil exports, total exports went down by 3.2% compared to last year. Also, oil exports made up a smaller share of the total exports—71.8% in early 2025, down from 75.9% a year earlier.

The Saudi government continues to invest in reducing its reliance on oil and is working to grow the private sector as part of its Vision 2030 plan.

Published: 10th June 2025

For more article like this please follow our social media Twitter, Linkedin & Instagram

Also Read:

Dubai’s Gaming Booms: 60 Firms Join Since DPG33 in 2023
Egypt Allocates $1.6B to Boost Private Sector, Exports
How to Attract Luxury Travelers to Your Destination


Banking & Insurance
How Sukuk Became Central to the UAE’s Debt Market

How Sukuk Became Central to the UAE’s Debt Market Sukuk, or Islamic bonds, are no longer a small part of the UAE’s…

Banking & Insurance, Saudi Arabia, UAE
How Saudi Arabia and the UAE Are Shaping the Next Stage of GCC Insurance

How Saudi Arabia and the UAE Are Shaping the Next Stage of GCC Insurance For many years, the insurance industry in the…

Saudi Arabia, Stock Markets
Here’s How Saudi Arabia Captured Nearly 80% of GCC IPO Proceeds in 2025

Here’s How Saudi Arabia Captured Nearly 80% of GCC IPO Proceeds in 2025 Saudi Arabia became the clear leader in the Gulf…

Economy
WGS 2026: How Cities Around the World Are Competing for Talent and Investment

WGS 2026: How Cities Around the World Are Competing for Talent and Investment Cities around the world are competing harder than ever…

Gulf News, Investment
Luxury Investing Is Changing: Why Value Now Follows New Rules

Luxury Investing Is Changing: Why Value Now Follows New Rules Luxury investing is going through a reset. For many years, people believed…