Riyadh – Mubasher: The real gross domestic product (GDP) of Saudi Arabia recorded a 3.4% year-on-year (YoY) growth in the first quarter (Q1) of 2025, according to the General Authority for Statistics (GaStat).

The growth rate was driven by a 4.9% rise in non-oil activities and a 3.2% surge in government activities. The oil activities declined by 0.5%.

Meanwhile, the seasonally adjusted real GDP rose by 1.1% compared to Q4-24.

Non-oil activities were the main driver of the annual real GDP growth, contributing 2.8% points, while the government activities and net taxes on products contributed by 0.5% and 0.2% points, respectively.

Wholesale and retail trade, restaurants, and hotels recorded the highest growth rates in Q1-25, reaching 8.4% YoY and 0.7% quarter-on-quarter (QoQ).