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Saudi GDP drops 4.8% in Q2
The real gross domestic product (GDP) of Saudi Arabia declined by 4.8% in the second quarter of 2026 compared to the same period of the previous year, primarily due to a 24.7% decrease in oil activities. Despite this, non-oil activities experienced a modest growth of 0.6%, and government activities along with net taxes on products contributed positively by 0.9% and 0.1%, respectively. On a quarterly basis, output decreased by 4.9% compared to the first quarter, following a 21.5% decline in oil activities.
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