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Saudi Economy Grows 0.9% in Q2 2026
The General Authority for Statistics report revealed that Saudi Arabia's real Gross Domestic Product (GDP) experienced a 4.7% decline in the second quarter of 2026 compared to the same period last year. This decrease is primarily attributed to a 24.8% drop in oil activities. On a quarterly basis, the total output fell by 4.8% compared to the first quarter of the same year, with oil activities decreasing by 21.6% and non-oil activities declining by 0.4%. Meanwhile, government activities saw a slight growth of 0.2%. The report illustrates how the downturn in the oil sector has impacted the overall economic performance during this period.
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