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Statistics Authority: Kingdom's GDP drops 4.8% in Q2
The Gross Domestic Product (GDP) of Saudi Arabia experienced a sharp decline of 4.8% in the second quarter of 2026 compared to the same period of the previous year, primarily due to a 24.7% downturn in oil-related activities. Meanwhile, non-oil activities showed a modest growth of 0.6%, and government activities increased by 0.9%. On a quarterly basis, the GDP decreased by 4.9% compared to the first quarter, with a significant drop in oil activities by 21.5%. Conversely, non-oil activities contributed a small positive growth of 0.4%.
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