Consumer spending in Saudi Arabia recorded strong growth of 8% during February 2026, with total spending reaching SAR 133.5 billion, reflecting increased economic activity and high consumer confidence in the national economy.\n\n
Positive Indicators Supporting Sustainable Economic Growth
\n\nThese optimistic figures come in the context of positive expectations for the Kingdom GDP growth of 4.6% during 2026, where the non-oil sector currently accounts for approximately 57% of total GDP, compared to about 50% in 2016 when Saudi Vision 2030 was launched.\n\nThe increase in consumer spending reflects improved income levels for Saudi individuals and families, in addition to increased confidence in the local economy and financial stability. This growth supports various commercial and service sectors in the Kingdom, contributing to creating more job opportunities and enhancing the positive economic cycle.\n\n
Economic Diversification Strengthens Consumer Spending Power
\n\nThese results align with the Kingdom ongoing efforts within the framework of Vision 2030 to diversify the economy and reduce dependence on the oil sector, where non-oil sectors have witnessed notable growth contributing to enhancing the purchasing power of citizens and residents.\n\nSectors benefiting from increased consumer spending include trade, restaurants, hotels, entertainment and cultural services, in addition to the technology and financial services sector. This diversity in spending reflects the evolution of lifestyle in the Kingdom and the increasing demand for advanced services and high-quality products.\n\nThis positive trend in consumer spending is expected to continue during the remainder of 2026, supported by massive projects within the framework of Saudi Vision 2030 and ongoing government investments in development and infrastructure. Economic stimulus programs and government initiatives also contribute to supporting purchasing power and encouraging local consumption, thereby enhancing sustainable economic growth in the Kingdom.
