The Kingdom of Saudi Arabia’s flag
Saudi Arabia’s real GDP increased by 2.8% in the third quarter of 2024 compared to the same period in 2023, according to the General Authority for Statistics (GASTAT). 
Oil activities slightly rose by 0.05% year-on-year (YoY), while non-oil activities improved by 4% YoY. Additionally, government activities grew by 3.1% YoY.
GDP by Regulatory Sectors (Chain-Linking Methodology) (SAR bln)
Sector
Q3 2023
Q3 2024
Change (%)
Oil Sector
250.35
250.65
+0.1%
Non-Oil Sector
Government Sector
165.39
170.82
+3.3%
Private Sector
406.42
423.93
+4.3%
Total
572.21
595.38
+4.0%
Gross Value Added
816.48
839.26
+2.8%
Net Taxes on Products
27.14
27.86
+2.6%
GDP
843.68
867.10
+2.8%
*The chain-linking methodology is a non-additive model, meaning that the subcomponents do not necessarily sum up to the total.
The Kingdom of Saudi Arabia’s flag
Saudi Arabia’s real GDP increased by 2.8% in the third quarter of 2024 compared to the same period in 2023, according to the General Authority for Statistics (GASTAT).
Oil activities slightly rose by 0.05% year-on-year (YoY), while non-oil activities improved by 4% YoY. Additionally, government activities grew by 3.1% YoY.
GDP by Regulatory Sectors (Chain-Linking Methodology) (SAR bln)
Sector
Q3 2023
Q3 2024
Change (%)
Oil Sector
250.35
250.65
+0.1%
Non-Oil Sector
Government Sector
165.39
170.82
+3.3%
Private Sector
406.42
423.93
+4.3%
Total
572.21
595.38
+4.0%
Gross Value Added
816.48
839.26
+2.8%
Net Taxes on Products
27.14
27.86
+2.6%
GDP
843.68
867.10
+2.8%
*The chain-linking methodology is a non-additive model, meaning that the subcomponents do not necessarily sum up to the total.
