The Kingdom of Saudi Arabia’s flag
Saudi Arabia’s non-oil business confidence index climbed 2.2% in December 2025 from November, according to data from the General Authority for Statistics (GASTAT). 
The index reached 62 points in December, up from 60.7 points in November 2025, reflecting prevailing optimism across the private sector, supported by firms’ confidence in economic stability and continued growth across various industries.
GASTAT defines the business confidence index as a measure of perceptions and expectations regarding future developments in the non-oil sector, based on surveys covering output, inputs, employment, and business expansion plans.
Saudi Non-Oil Business Confidence Index Trends in 2025
Period
Index (points)
Monthly Change
Jan 2025
64.8
+3.7%
Feb
63.2
(2.5%)
Mar
61.8
(2.1%)
Apr
62.7
+1.5%
May
62.5
(0.3%)
Jun
61.5
(1.7%)
Jul
61.1
(0.6%)
Aug
60.8
(0.4%)
Sep
61.7
+1.5%
Oct
61.1
(1.1%)
Nov
60.7
(0.6%)
Dec
62.0
+2.2%
Non-oil business confidence strengthened across key sectors in December 2025, according to GASTAT.
The non-oil business confidence index posted broad-based gains in December 2025, with the industrial sector climbing 2.7% month-on-month (MoM) to 62.2 points, the services sector rising 2.3% to 62 points, and the construction sector advancing 1.8%, driving the overall index up 2.2% to 62 points.
Saudi Non-Oil Business Confidence Index Trends in 2025
Sector
Nov 2025
Dec 2025
Change
Industry
60.6
62.2
+2.7%
Services
60.6
62.0
+2.3%
Construction
60.7
61.8
+1.8%
Overall Non-Oil Business
60.7
62.0
+2.2%
The Kingdom of Saudi Arabia’s flag
Saudi Arabia’s non-oil business confidence index climbed 2.2% in December 2025 from November, according to data from the General Authority for Statistics (GASTAT).
The index reached 62 points in December, up from 60.7 points in November 2025, reflecting prevailing optimism across the private sector, supported by firms’ confidence in economic stability and continued growth across various industries.
GASTAT defines the business confidence index as a measure of perceptions and expectations regarding future developments in the non-oil sector, based on surveys covering output, inputs, employment, and business expansion plans.
Saudi Non-Oil Business Confidence Index Trends in 2025
Period
Index (points)
Monthly Change
Jan 2025
64.8
+3.7%
Feb
63.2
(2.5%)
Mar
61.8
(2.1%)
Apr
62.7
+1.5%
May
62.5
(0.3%)
Jun
61.5
(1.7%)
Jul
61.1
(0.6%)
Aug
60.8
(0.4%)
Sep
61.7
+1.5%
Oct
61.1
(1.1%)
Nov
60.7
(0.6%)
Dec
62.0
+2.2%
Non-oil business confidence strengthened across key sectors in December 2025, according to GASTAT.
The non-oil business confidence index posted broad-based gains in December 2025, with the industrial sector climbing 2.7% month-on-month (MoM) to 62.2 points, the services sector rising 2.3% to 62 points, and the construction sector advancing 1.8%, driving the overall index up 2.2% to 62 points.
Saudi Non-Oil Business Confidence Index Trends in 2025
Sector
Nov 2025
Dec 2025
Change
Industry
60.6
62.2
+2.7%
Services
60.6
62.0
+2.3%
Construction
60.7
61.8
+1.8%
Overall Non-Oil Business
60.7
62.0
+2.2%
