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30.04.202606:18:18UTC+00Saudi Arabia GDP Growth Decelerates in Q1

Saudi Arabia’s economy expanded by 2.8% year-on-year in the first quarter of 2026, a sharp slowdown from the 5% growth recorded in the previous quarter, preliminary data showed. This was the weakest pace of expansion since the second quarter of 2024, as the ongoing conflict in the Middle East continued to weigh on activity. Growth in non-oil sectors eased to 2.8%, down from 4.3% in the prior quarter, while oil-sector activity decelerated markedly to 2.3% from 10.8%. In contrast, government activities rose 1.5%, recovering from a 1.2% contraction in the previous period. On a quarterly basis, GDP declined by 1.5%—the first quarter-on-quarter drop since the third quarter of 2023—after increasing 1.4% in the previous quarter.

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