Saudi Arabia’s economy posted a 3.4% GDP growth in the first quarter of 2025, with the non-oil sector emerging as the primary growth driver, signaling continued progress in diversifying the Kingdom’s economic base.
According to newly released data, the non-oil sector grew by an impressive 5.6% year-on-year, fueled by robust activity in manufacturing, financial services, transportation, and trade.
In contrast, the oil sector experienced a slight 1.8% contraction, reflecting the Kingdom’s ongoing commitment to production cuts aimed at maintaining global market stability.
This strong non-oil performance underscores the success of Vision 2030 initiatives in fostering economic diversification and reducing reliance on hydrocarbons.
It also highlights the positive impact of structural reforms that have improved the business environment and stimulated both domestic and foreign investment.
Looking ahead, the Kingdom’s economy is expected to maintain its growth momentum, supported by rising investment opportunities and the expansion of major projects across various sectors—strengthening Saudi Arabia’s long-term economic resilience amid global challenges.
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