Saudi Arabia’s economy surged ahead in the second quarter of 2025, recording a 3.9 percent year-on-year GDP growth, according to official figures from the General Authority for Statistics (GASTAT). The increase reflects the Kingdom’s successful diversification policies, with non-oil activities growing 4.6 percent, underscoring progress under Vision 2030.
Quick Facts: Saudi GDP Q2 2025
- Total GDP growth: +3.9% YoY (Q2 2025)
- Non-oil sector: +4.6% YoY – main driver of expansion
- Oil activity: +3.8% YoY
- Quarter-on-quarter: +1.7% seasonally adjusted
- Key growth areas: finance, business services, electricity and water
Non-Oil Strength Leading the Way
The standout performer was the non-oil sector, which expanded by nearly 5 percent. Growth in finance, insurance, utilities, and business services highlights the success of Saudi Arabia’s diversification strategy. These sectors contributed the largest share to overall GDP, showing the Kingdom’s ability to generate sustained growth beyond energy.
Oil Sector Contribution
Oil activities also rose by 3.8 percent compared with last year, reflecting stable market conditions. The combined oil and non-oil growth demonstrates a balanced economic structure where energy remains strong, while new industries steadily increase their share of the national output.
Stronger Outlook Ahead
The International Monetary Fund (IMF) has projected Saudi Arabia’s GDP to expand by around 3.6 percent for the full year 2025, with non-oil momentum continuing to drive growth. The second-quarter performance adds confidence that the Kingdom is on track to meet Vision 2030 targets for diversification, job creation, and sustainable development.
Conclusion
Saudi Arabia’s Q2 2025 GDP growth of 3.9 percent reflects not only resilience but also the Kingdom’s determination to build a diverse and competitive economy. With strong contributions from finance, services, and infrastructure alongside steady oil revenues, the country is strengthening its position as the region’s leading economy.
Source: Reuters
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Owais Qarni is a Co-Founder, Chief Editor, and Author of Saudi Scoop. He is passionate about tech, cars, and traveling. A Dreamer, Explorer & Optimist!
