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Saudi Arabia’s Economy Grows 3.4% in Q1 2025, Non-Oil Boost

Saudi Arabia’s Economy Grows 3.4% in Q1 2025, Non-Oil Boost

Post by : Mariam Al-Faris

Saudi Arabia’s economy grew by 3.4% in the first quarter of 2025. The main reason for this growth was the strong performance of businesses outside of the oil industry. The country’s total GDP also grew by 1.1% from the last quarter, showing that the economy is still growing.

The non-oil sectors grew by 4.9%, while oil-related industries saw a small decrease of 0.5%. This shows that Saudi Arabia is becoming less dependent on oil for its economic growth.

Other countries in the Middle East are also doing well. The UAE expects its economy to grow by 5-6% in 2025. However, Qatar’s growth is expected to slow down due to global issues.

Many non-oil industries in Saudi Arabia are doing well, such as retail trade, hotels, transport, and finance. Saudi exports also increased by 12.3%, while imports fell by 10%, helping reduce the country’s trade deficit.

Saudi Arabia’s Vision 2030 plan is helping the country move away from relying on oil. Large projects and investments in things like technology and renewable energy are helping the economy grow further.

June 9, 2025 3:45 p.m. 2828

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