Saudi Economy Grows by 5% in Q3 2025… and Continues Rise in Non-Oil Revenues
📊 Prepared and Analyzed by the Strategic Media Department – BETH Media Agency
📍 Riyadh | October 30, 2025

Record Growth Reflects Economic Strength and Diversification

The General Authority for Statistics announced that Saudi Arabia’s real Gross Domestic Product (GDP) grew by 5% in the third quarter of 2025 compared to the same period last year — the highest growth rate in ten consecutive quarters.
This performance reflects the continued recovery of the national economy and the strong momentum of non-oil activities in line with Saudi Vision 2030 goals.

Non-Oil Revenues Rise to SAR 119 Billion

According to data from the Ministry of Finance, non-oil revenues reached approximately SAR 119 billion in Q3 2025, marking a 1% year-on-year increase.
Total expenditures amounted to SAR 358 billion, up 6% from Q3 2024 — a sign of well-calibrated expansionary spending aimed at social development, infrastructure, and quality of life enhancement.

Spending on social benefits increased to SAR 86 billion, while total actual disbursements to sectors reached SAR 358 billion, compared to SAR 339 billion in the same quarter of the previous year.

Broad-Based Growth Across Economic Sectors

Growth was driven by simultaneous improvement across all major sectors:

Oil activities: +8.2%

Non-oil activities: +4.5%

Government activities: +1.8% (year-on-year)

Non-oil activities contributed the largest share to total GDP growth at 2.6 percentage points, followed by oil activities at 2.0 points, while government activities and net product taxes contributed 0.2 points each.

Seasonally adjusted real GDP grew by 1.4% quarter-on-quarter, supported by a 3.1% increase in oil activities, alongside moderate growth in government and non-oil sectors.

Minister Faisal Al-Ibrahim: “We End the Year with Growth Above 5%”

During a session at the Future Investment Initiative (FII9) conference,
Minister of Economy and Planning Faisal Al-Ibrahim affirmed that the Saudi economy is on track to achieve 5.1% real GDP growth in 2025, driven by non-oil activities expected to grow by 3.8%.

He stated:

“The Kingdom’s accelerating efforts to diversify its economy and reduce reliance on oil mark a new era of sustainable growth and resilience amid global transformations.”

Positive International Outlook and Upward Forecasts

The Ministry of Finance raised its real GDP growth forecasts to 4.4% in 2025 and 4.6% in 2026, supported by the ongoing expansion of non-oil sectors.
Meanwhile, the International Monetary Fund (IMF) also revised its growth forecast upward to 4%, citing the impact of higher oil production and stable fiscal policy in strengthening overall growth.

BETH Analysis: Three Strategic Insights

1️⃣ Fiscal Balance and Smart Spending
The data reveals a careful balance between controlled spending and continued investment in major development projects, reflecting advanced fiscal governance that balances growth and sustainability.

2️⃣ Non-Oil Sector as a Structural Engine
The sustained rise in non-oil activities signals the success of diversification strategies and confirms that Saudi Arabia’s economy is no longer dependent on oil price fluctuations.

3️⃣ Strengthened Investor Confidence
These results reaffirm the Kingdom’s status as a regional economic hub with strong fiscal reserves exceeding SAR 398 billion, and an investment climate characterized by safety, dynamism, and long-term vision.

BETH Analytical Conclusion

Saudi Arabia enters 2026 with renewed momentum and fiscal maturity.
Sustainable growth is no longer a phase — it is a defining feature.
What’s unfolding is not merely an increase in numbers,
but a structural transformation toward financial independence, efficiency,
and strategic awareness — reshaping the Kingdom’s position on the global economic map.