Real gross domestic product (GDP) grew by (3.0%) during the first quarter of 2026, compared to the same quarter of 2025, driven by growth in both oil and non-oil activities of (2.9%) each, in addition to growth in government activities of (1.5%). Compared to the fourth quarter of 2025, seasonally adjusted real GDP declined by (1.2%).

The GDP bulletin for the first quarter of 2026, issued by the General Authority for Statistics today showed that non-oil activities were the main contributor to real GDP growth in the first quarter of 2026, contributing (1.7) percentage points, while oil activities contributed 0.8 percentage points. Government activities and net taxes on products also contributed positively, by 0.3 and 0.2 percentage points, respectively.

It is worth noting that all economic sectors achieved positive growth rates on a year-over-year basis, with financial, insurance, and business services recording the highest growth rates during the first quarter of 2026, reaching (5.4%), followed by manufacturing (excluding oil refining), which reached (4.0%).