GDP rises 3% via non-oil sectors
The Kingdom's real gross domestic product (GDP) achieved a growth rate of 3% in the first quarter of 2026 compared to the same period last year. This growth was supported by a 2.9% increase in non-oil activities, primarily driven by significant contributions from financial services, insurance, and business services, which grew by 5.4%. Additionally, oil and government activities made a noticeable contribution to the overall growth, with increased demand in the non-oil private sector resulting from a recovery in production and new orders.
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