17 Hrs
Source:
الوئام
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Q3 GDP contracts 3.8%
Real GDP contracted 3.8% year on year in the third quarter of 2026, weighed down by declines in oil activities (20.4%) and government activities (2.7%), despite 1.9% growth in non-oil activities. Quarter on quarter, GDP rose 1.3%, supported by growth in oil activities (5.7%) and non-oil activities (0.6%), while government activities fell 1.2%. The Ministry of Finance expects the economy to contract 3.6% in 2026, followed by 12.8% growth in 2027.
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