Saudi Arabia: Headline GDP growth rises sharply in Q3 2025

KSA recorded 5% y/y growth in the preliminary Q3 2025 data print, up sharply from the 3.9% recorded in Q2.
Oil GDP contributed 2ppt, while non-oil GDP accounted for 2.6ppt of the aggregate annual growth.
Oil GDP grew 8.2% y/y and non-oil GDP rose 4.5% y/y.
A further acceleration in oil sector output as OPEC+ continues to unwind production cuts, together with continued spending across a variety of infrastructure projects should support Saudi GDP over the remainder of 2025 and into 2026.

Jeanne Walters