Saudi Arabia's non-oil sector grows 1.9% in Q3 2026

Saudi Arabia's non-oil sector experienced a 1.9% year-on-year growth in the third quarter of 2026, according to figures from the General Authority for Statistics. This data revealed that the Kingdom's overall gross domestic product (GDP) contracted by 3.8% in comparison to the same period in the previous year. The reduction was primarily attributed to a significant 20.4% decline in oil-related activities, alongside a 2.7% decrease in government-related sectors.

Oil activities contributed to real GDP by -4.7 percentage points, while government activities added -0.4 percentage points to the figure. Conversely, non-oil activities and net product taxes contributed positively, with 1.1 and 0.1 percentage points, respectively. Adjusted for seasonality, real GDP rose by 1.3% in Q3 2026 compared to Q2, driven largely by a 5.7% increase in oil activities and a 0.6% surge in non-oil activities. Government activities, on the other hand, experienced a minor contraction of 1.2%.