FX.co ★ Saudi Arabia GDP Grows 2.7% in Q1

Saudi Arabia's economy experienced a 2.7% year-on-year growth in the first quarter of 2025, according to preliminary data, marking a decrease from the 4.4% expansion seen in the preceding quarter. The growth in non-oil sectors decelerated to 4.2%, compared to 4.8% in Q4. Additionally, there was a contraction in oil production, which fell by 1.4% following a 3.5% increase in the previous quarter. Conversely, government activities accelerated, increasing by 3.2% compared to 1.7% previously. On a quarterly basis, adjusted for seasonal variations, the GDP rose by 0.9% in the March quarter, up from the 0.8% growth recorded in the prior period.