Saudi Arabia’s non-oil economic activities grew by 1.9 percent year on year in the third quarter of 2026, according to official estimates. This marks an acceleration from a 0.8 percent growth rate in the previous quarter. The General Authority for Statistics reported the figures, highlighting a positive trend amid broader economic challenges.
Real gross domestic product contracted by 3.8 percent in Q3 2026 compared to the same period in 2025, following a 4.7 percent decline in the second quarter. The non-oil sector’s growth helped mitigate the overall economic downturn. The data underscores the diverging performance of different parts of the Saudi economy.
The non-oil growth comes as the kingdom continues its economic diversification efforts. Recent reforms in sectors such as tourism, technology, and renewable energy have contributed to this expansion. Despite the broader economic contraction, the non-oil sector remains a key driver of resilience. The figures also reflect ongoing structural adjustments aimed at reducing reliance on oil revenues. The government has emphasized the need for sustained investment and policy support to maintain this growth trajectory.
