Riyadh | BETH

The Saudi economy recorded notable growth in the recent period, according to data released by the General Authority for Statistics, driven by increases across several economic activities.

The data showed:

Oil activities grew by 5.7%

Non-oil activities increased by 4.9%

Government activities rose by 0.9%

BETH Analysis

These figures reflect the continued balance in growth between the oil and non-oil sectors, an important indicator of the progress of Saudi Arabia’s economic diversification efforts under the goals of Vision 2030.

The rise in non-oil activities also signals an expansion of the real economic base, while the oil sector remains a key pillar supporting overall economic growth.