Saudi non-oil sector grows 0.6% in Q2 2026 as GDP falls
Saudi Arabia’s non-oil and government sectors posted modest growth in Q2 2026, despite a sharp decline in overall GDP due to lower oil activity.
Key Takeaways
AISaudi Arabia’s General Authority for Statistics reported on Thursday that real gross domestic product (GDP) fell by 4.8% year-on-year in the second quarter of 2026, driven by a 24.7% decline in oil activities.
Meanwhile, government activities and non-oil sectors recorded annual growth of 0.9% and 0.6%, respectively.