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B.alotaby / Wikimedia Commons, CC BY-SA 4.0 (https://creativecommons.org/licenses/by-sa/4.0/). Unaltered Riyadh skyline, 8 February 2018; archival illustration, not a 2026 photograph.

Economy

Saudi GDP falls 3.8% annually in third quarter despite quarterly rebound

Preliminary figures show non-oil growth alongside a steep annual decline in oil activity.

Source reporting: 2026-11-01 22:00:00 UTC

By Lebanese Lobby Newsdesk 2 h ago · 1 min read
✓ Verified against multiple independent sources
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Saudi Arabia’s real GDP fell 3.8% in the third quarter of 2026 compared with a year earlier, according to preliminary GASTAT figures released Sunday and examined in Monday’s reporting.

Oil activity declined 20.4% annually, while non-oil activity grew 1.9% and government activity fell 2.7%. On a different comparison, seasonally adjusted GDP rose 1.3% from the second quarter. The quarterly rebound therefore coexists with an annual contraction; these flash estimates remain subject to revision.

The photograph shows Riyadh in February 2018.

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